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RELATED QUESTIONS

Double Deduction

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

AccountancyInterest on partner loan was already deducted while calculating net profit. Still it was debited in appropriation account by fifteen thousand rupees. What is the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on partner loan is debited to appropriation account while net profit had already been calculated after deducting loan interest what will be the effect?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyUnder fluctuating capital method A closing capital was wrongly calculated as one lakh rupees. Later it was found that drawings of five thousand rupees were deducted twice. What is correct capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard