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Drawings Interest

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

AccountancyA and B share profits in the ratio 5:3. Interest on A's drawings of ₹4000 was wrongly treated as an expense in the Profit and Loss Account. What is the correct net adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹10000 on 1 April ₹16000 on 1 August and ₹24000 on 1 December. The year ends on 31 March and the interest rate is 9%. What is the interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyB withdrew ₹6000 at the end of every month. Interest on drawings is 10% per annum. What will be the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹20000 at the beginning of each half year. Interest on drawings is 9% per annum. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B are equal partners. Interest on A's drawings of ₹3000 was to be charged but it was debited to B's account. Accounts are closed. What is the correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹15000 on 1 June and ₹25000 on 1 November. The year ends on 31 March and the interest rate is 8%. What is the interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹10000 on 1 July and ₹20000 on 1 January. The year ends on 31 March. Rate of interest is 12%. What is interest by product method?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B shared profit of ₹40000 equally. Later it was found that interest on B's drawings of ₹20000 at 10% for six months was not charged. What is the correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyB withdrew ₹3000 at the end of every month. Interest on drawings is 12% per annum. What will be the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyThe deed has no provision for interest on drawings. A partner made drawings during the year. What interest on drawings will be charged?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium