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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।

AccountancyWhich item is credited to a partner's capital or current account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyThe deed provides 8% interest on capital. Profit is only ₹36000. Capitals of A and B are ₹300000 and ₹200000 respectively. There is no other appropriation. How much interest will B receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in the ratio 2:5. A's capital is ₹140000 and B's capital is ₹210000. Interest on capital at 10% was omitted and profit was already distributed. In whose favour will the net adjustment be?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyThe debit side of the Profit and Loss Appropriation Account shows interest on capital of ₹36,000 and partners’ salary of ₹24,000. The credit side shows net profit of ₹90,000 and interest on drawings of ₹6,000. What amount of residual profit will be distributed among the partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyInterest on capital is ₹22,000, partner’s salary is ₹18,000, and interest on drawings is ₹5,000. What will be the net debit effect in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIf the partnership deed states that interest on capital is payable only when there is profit, what is its treatment in a year of loss?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyA and B have capitals of ₹300000 and ₹200000. Profit ratio is equal. Interest on capital is 8%. If profit is ₹70000 and there is no other adjustment what is B's total profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyThe firm incurred a loss of ₹20000. The deed provides interest on capital in all circumstances and interest is ₹15000. What total loss will be distributed?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyIn which situation can interest on capital be allowed even in loss?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B are equal partners. Interest on A's capital of ₹8000 was wrongly recorded as ₹18000. Accounts are closed. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyInterest on capital due to A and B is ₹24000 and ₹16000 respectively. Available profit is only ₹30000 and there are no other appropriations. How much interest will be allowed to B?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in the ratio 2:3. A's capital is ₹100000 and B's capital is ₹200000. Interest on capital at 10% was omitted and profit was already distributed. In whose favour will the net adjustment be?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in the ratio 4:3. A's opening capital was ₹180000 and he introduced ₹60000 additional capital on 1 October. Interest on capital is 10% per annum. What is A's interest on capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA introduced capital of ₹1,20,000 on 1 April and additional capital of ₹30,000 on 1 January of the same accounting year. Interest on capital is allowed at 10% per annum, and the accounting year ends on 31 March. What is the total interest on capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyPartner A introduced additional capital of ₹60,000 on 1 July. The rate of interest on capital is 8% per annum, and the accounting year ends on 31 March. What amount of interest is payable on the additional capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIn a partnership firm partners A and B are entitled to interest on capital. At year end the profit is insufficient. What is the correct treatment of interest on capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyThe deed states that interest on capital is payable irrespective of profit or loss. There is a loss of ₹10,000 and interest on capital is ₹30,000. What total debit will be shared among the partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyProfit is ₹1,20,000. A and B share profits in the ratio 1:2. A receives a salary of ₹30,000 and B receives interest on capital of ₹15,000. What is B’s share of the remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyA introduced additional capital of ₹50000 after six months. Original capital was ₹200000 and interest on capital is 12% per annum. What total interest will A get?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B have capitals of ₹100000 and ₹150000. Profit ratio is 2:3. Interest on capital is 10% and available profit is only ₹20000. How much interest will B receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard

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