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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।

AccountancyWhich item normally appears on the debit side of the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf the partnership deed provides commission to a partner on profit what type of item is it for the firm?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 3:2. B was given excess interest on capital of ₹10000. Accounts are closed. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 1:2. A's salary of ₹21000 was omitted. Profit has already been distributed. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B distributed profit of ₹90000 in the ratio 3:2. Later it was found that A's interest on capital ₹15000 and B's interest on drawings ₹5000 were omitted. In whose favour will the net correction be?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyThe firm paid B's personal insurance premium of ₹18000 and did not treat it as drawings. What is the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 4:1. Total profit is ₹75000. A guarantees B a minimum of ₹25000. What is A's final profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf partners maintain fixed capitals and additional capital is introduced which account will record it?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C maintain fixed capitals. C's current account had an opening debit balance of ₹5000. During the year C's profit share is ₹22000 and drawings are ₹30000. What is the closing current account balance?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyPartner A is to receive commission at 5% of profit after charging such commission. Profit before commission is ₹84000. What is the commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 2:1. B gets commission at 10% of net profit. Profit before commission is ₹90000. Commission is on net profit and not on profit after commission. What is B's commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyNet profit in the Profit and Loss Appropriation Account is ₹180000. Interest on drawings is ₹6000. Interest on capital is ₹30000 and salary is ₹24000. What is the distributable residual profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 3:2. Salary of ₹25000 payable to B was wrongly credited to A. Accounts are closed. What is the correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyProfit is ₹50000. Interest on capital is ₹32000 and partner salary is ₹28000. The deed gives no priority. How will total claims be reduced?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyUnder fluctuating capital method A has drawings of ₹30000 and interest on drawings of ₹2400. What is the effect on A's capital account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyUnder fixed capital method B is entitled to interest on capital ₹12000 and salary ₹18000. Which account will be credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf interest on partner's loan is wrongly debited to the Profit and Loss Appropriation Account what is the correct correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyPartner A gave a loan of ₹90000 to the firm on 1 July. The deed has no interest rate and the year ends on 31 March. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 2:2:1. B is guaranteed a minimum of ₹30000 by A and C equally. Profit is ₹60000. What is C's final share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 2:2:1. B is guaranteed a minimum of ₹30000 by A and C equally. Profit is ₹100000. What is C's final share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard