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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।

AccountancyHow is bonus to a partner treated in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasyAccountancyIf partners commission is provided in the deed what type of item is it?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasyAccountancyWhat is interest on drawings for the firm?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasyAccountancyIf interest on drawings is credited to Profit and Loss Appropriation Account what will be its second effect in partners account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf interest on drawings is debited to partners account but not credited in Profit and Loss Appropriation what is missing?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf As salary is credited in current account but not debited in Profit and Loss Appropriation Account what is the accounting problem?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyAs interest on capital is Rs 10000 but available profit is only Rs 7000 and B salary Rs 5000 is also payable. If no priority is given what is the safe exam approach?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyInterest on drawings is credited to Profit and Loss Appropriation Account and debited to partner account. What does this mean?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf interest on capital is credited to capital account and debited to Profit and Loss Appropriation Account what is the effect on partner account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf the deed provides Rs 12000 interest on capital and Rs 18000 salary but available profit is Rs 24000 and no order is given, what is the safe treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyIf the deed clearly says partner salary is an appropriation of profit, what is its normal treatment in a loss year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyIf the deed provides for a partner's salary but the firm has made a loss, the correct treatment of the salary will depend on what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyThe deed says profit will be distributed only after creating general reserve. Which principle does this show?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyThe partnership deed expressly states that profit shall be distributed before paying interest on capital. What is the correct conclusion in this situation?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyThe deed states that twenty percent of profit will be transferred to the general reserve. If the total profit is Rs 90000, what amount will be transferred to the reserve?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyA partner is allowed ten percent commission on profit by the deed. In which account will this commission usually appear?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyThe partnership deed provides interest on capital but profit is insufficient. When will the interest be allowed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyThe deed says profit ratio will change after allowing interest on capital. What type of complex clause is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyIf the deed requires 15% of profit to be transferred to the expansion fund and the total profit is ₹2,00,000, how much will be transferred to the expansion fund?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe deed states that partner salary is payable irrespective of profit or loss. What will be its accounting nature?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium

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