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Interest On Capital

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 DeedHardAccountancyThe deed says interest on capital will be allowed first and salary later. Profit is sufficient only for interest. What happens to salary?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe deed allows six percent interest on capital. A introduced additional capital of forty thousand rupees on first October. What is interest on this additional capital up to thirty first March?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyIf the partnership deed gives both interest on capital rate and profit sharing ratio but profit is insufficient what decision is needed first?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe 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 DeedHardAccountancyThe partnership deed specifies 6% interest on capital and 8% interest on drawings. Which principle does this demonstrate?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe deed provides both interest on capital and interest on drawings. How will they affect the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe deed allows interest on capital but a partner introduced additional capital during the year. On what basis should interest be calculated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyIf the deed clearly says interest on capital is payable irrespective of profit or loss how will it be treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe deed allows interest on capital at twelve percent but profit available for appropriation is lower. What is the correct treatment of interest on capital?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHardAccountancyThe deed provides both interest on capital and partner salary. On which side of the Profit and Loss Appropriation Account are these shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe deed says that both interest on capital and interest on drawings will be recorded. What will be their effect?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe deed provides interest on capital after appropriation of profit. If profit is insufficient, what should be kept in mind?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyA introduced rupees thirty thousand on first January and additional rupees twenty thousand on first July. The deed allows interest at twelve percent. What is the total interest for the year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe deed provides interest on capital at ten percent per annum. Capital remained rupees fifty thousand throughout the year. What is the interest?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the interest on capital rate is changed during the year in the deed, what is the correct exam approach?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyIf the deed has both interest on capital and interest on drawings, what is the correct difference?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMediumAccountancyThe 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 DeedMediumAccountancyIf the deed gives ten percent interest on capital and capital was introduced after six months, what is necessary in calculation?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMediumAccountancyIf the deed clearly states that interest on capital is a charge against profit, what happens in case of loss?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium

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