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Appropriation

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

AccountancyInterest on drawings twelve thousand rupees should have been credited but was wrongly debited. Compared with correct position how will available profit appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyNet profit is three lakh rupees. Interest on drawings is fifteen thousand rupees. Total partner salary is fifty thousand rupees interest on capital is twenty five thousand rupees and reserve is forty thousand rupees. A B C ratio is four to three to three. What is C share of remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyReserve Rs 25000 was wrongly credited to appropriation account though it should be debited. By how much will distributable profit be overstated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 90000 and interest on partner loan Rs 6000 has not been deducted yet. Then interest on capital Rs 18000 is to be allowed. What profit is available for appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 220000. Interest on capital is Rs 40000 salary is Rs 30000 reserve is Rs 20000 and interest on drawings is Rs 10000. What will be the remaining distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf remaining profit after appropriations is seventy thousand rupees and A, B and C share profits in the ratio 2:2:3, what is C’s share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyThe deed says interest on capital will be allowed only when profit is available. Profit is thirty four thousand rupees and total interest on capital is fifty one thousand rupees. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyNet profit is two lakh forty thousand rupees. Interest on drawings is twelve thousand rupees salary is forty thousand rupees interest on capital is thirty thousand rupees and reserve is twenty two thousand rupees. A B C ratio is three to two to one. What is C share of remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on drawings is wrongly debited to Profit and Loss Appropriation Account what will be the effect on profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says interest on capital is payable only when profit exists. Profit before appropriation is twenty thousand rupees and total interest on capital is thirty thousand rupees. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyNet profit is one lakh sixty thousand rupees. Interest on drawings is eight thousand rupees salary is thirty thousand rupees interest on capital is eighteen thousand rupees and reserve is twenty thousand rupees. A and B share profit in ratio three to two. What is A final profit share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf partner salary is paid immediately in cash what effect will it still have in appropriation account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on drawings Rs 3000 is debited to partners account but not credited to appropriation account what is incomplete?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital is Rs 40,000 and available profit is Rs 30,000, while A and B have equal interest claims, how much will A receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf net profit is Rs 140000 interest on capital is Rs 28000 salary is Rs 18000 and interest on drawings is Rs 4000 what will be remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf firm has net loss what is the general treatment of interest on capital when deed says it is allowed only out of profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyNet profit is Rs 95000. Interest on capital is Rs 20000 salary is Rs 15000 and interest on drawings is Rs 5000. What is remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf appropriation items exceed profit and there is no special condition what is the safe treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIn the journal entry for distributing final profit which account is debited?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyProfit is Rs 1,20,000 and a general reserve is to be created at 15%. What will be the amount of the general reserve?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium