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Appropriation Account

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

AccountancyIn the Profit and Loss Appropriation Account the credit side shows net profit of Rs 200000 and interest on drawings credited Rs 12000. Total debit items are Rs 72000. The remaining profit is to be divided in the ratio 3 : 4 : 5. What is the third partner's share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyTotal credit in appropriation account is Rs 250000. Debit items are salary Rs 40000 commission Rs 20000 and reserve Rs 30000. Remaining profit is shared by A and B in ratio seven to three. What is As share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 100,000. A's salary is Rs 20,000, B's commission is Rs 10,000, interest on drawings is Rs 5,000, and a reserve of Rs 15,000 is created. What is the remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyReserve was credited in appropriation account though it should have been debited. Reserve amount is ten thousand rupees. What is total error effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf net profit and interest on drawings both are credited in appropriation account what is the correct difference between them?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf reserve was to be debited in appropriation account but was directly debited to partners capital accounts what is the main error?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf debit side of Profit and Loss Appropriation Account exceeds credit side by fifteen thousand rupees after appropriations what does it indicate?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on drawings is wrongly treated as interest on capital and debited, what is the effect on the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf partner commission is not debited to appropriation account what will be the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIn appropriation account if net profit credit is Rs 130000 interest on drawings credit is Rs 7000 and debit items are Rs 52000 what is distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIn Profit and Loss Appropriation Account interest on capital is Rs 36000 and partner commission is Rs 12000. What is total debit appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf partners accounts are debited and appropriation account is credited what entry may this indicate?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf a net loss remains in the appropriation account, in what form will it be transferred to the partners' accounts?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIn appropriation account credit items are Rs 120000 and debit appropriation items are Rs 45000. What is distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyOn which side does net profit transferred from Profit and Loss Account start in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhich item is debited in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhich item is credited in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn profit distribution from which account is the remaining profit transferred to partners?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf the partnership deed provides an annual salary of ₹18,000 to A, what entry will appear in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyOn which side are partners shares of profit written in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy