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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।

AccountancyThe deed says interest on capital is debited to Profit and Loss Appropriation Account. Why is it debited?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed says interest on drawings is credited to the Profit and Loss Appropriation Account. Why is it credited?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyAccording to the firm's deed, 20% of the profit must be transferred to the general reserve. Net profit is ₹1,00,000. What amount will be transferred to the general reserve?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows salary to partner A and commission to partner B. What is the correct treatment before profit distribution?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed allows interest on capital but there is already a net loss before closing accounts. What happens to interest on capital in the normal case?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed allows A commission of ten percent of net profit, what type of item is it?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe partnership deed treats interest on capital as an appropriation of profit. If net profit is only a small amount, what is the most correct treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyAfter calculating appropriations, the remaining profit is shared according to what in the deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the firm has insufficient profit and the partnership deed treats salaries and interest on capital as appropriations, the total appropriation cannot exceed what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIn which situation will partner's salary be treated as appropriation of profit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhich information in the deed is especially useful under fluctuating capital method?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the deed does not mention partners' salary, how will salary be accounted for?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhich items may be written for adjustment before distributing profit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy