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Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyWhat is the main purpose of adjusting past profits in goodwill valuation?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyA and B share profits equally. B's salary (₹40000) was debited twice. What will be the effect on A's share after correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (4:1). Interest on drawings (₹10000) was charged to A but not added to profit. What is the net effect on A in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (3:2). B gave loan (₹50000) to the firm but it was wrongly treated as B's capital and (10%) interest on capital was allowed. The deed is silent. What is the correct interest difference?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (2:1). Interest on capital (₹30000) was omitted. A's claim is (₹12000) and B's claim is (₹18000). What will happen in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyIf an exam question says commission is on net profit and another adjustment is to be allowed first what is the usual caution?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA is to get salary (₹20000) and (10%) commission on profit before commission. Profit is (₹150000). If salary is deducted first what is the commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in the ratio 5:3. The total profit before appropriation is ₹1,10,000. According to the partnership agreement, B is to receive a salary of ₹30,000 before the remaining profit is shared. What will be A’s share of profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (1:2). B is guaranteed (₹60000). Profit is (₹120000). Will there be any guarantee adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in the ratio 3:2. Profit of ₹1,25,000 included unrealised income of ₹25,000. By how much will A’s profit share decrease after correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyPartners shared profit (₹90000) equally. Later it was found that the correct ratio was (4:3:2). What is the effect on the third partner?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (3:1). Interest on A's drawings was (₹16000), but it was wrongly charged to both in profit ratio as (₹12000) and (₹4000). What will happen in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in the ratio 2:1. Correct interest on capital was ₹18,000 and ₹12,000, but it was wrongly allowed as ₹20,000 and ₹10,000. What will happen in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA gave a loan of (₹80000) on 1 April. On 1 October (₹20000) was repaid. The deed is silent. What is loan interest for the year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyIf the deed says interest on capital is payable even in the absence of profit what will be its accounting nature?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (4:1). B's final total profit is (₹38000), including salary (₹10000). What was the total residual profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyThe credit side of the Profit and Loss Appropriation Account shows profit of ₹1,30,000 and interest on drawings of ₹7,000. The debit side shows interest on capital of ₹36,000, salary of ₹24,000 and commission of ₹10,000. What amount of profit will be distributable among the partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA partner withdrew (₹40000) on 1 April, (₹30000) on 1 July, and (₹20000) on 1 January. Rate is (15%). The year ends on 31 March. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (3:2). B is guaranteed (₹48000). Profit is (₹110000). Deficiency is borne by the firm. What is A's share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in (3:2). A is guaranteed minimum total receipt (₹70000) including salary. A's salary is (₹20000), total profit is (₹100000). What deficiency does A need?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert