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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।

AccountancyA and B share profits in the ratio 2:1. A's capital is ₹150000 and B's capital is ₹90000. Interest on capital at 6% was omitted and profit was already distributed. What adjustment is required?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 3:2. Interest on capital due to A is ₹12000 and to B is ₹8000. Remaining profit is ₹30000. What total net profit will be shown in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyInterest on capital Rs 12000 was omitted. How will partners balance appear?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyB invested Rs 100000 capital at the beginning and withdrew Rs 40000 after nine months. What is interest on capital at twelve percent?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA invested Rs 60000 capital at the beginning and added Rs 30000 after three months. What is interest on capital at ten percent?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on capital is treated as interest on a loan and charged to the Profit and Loss Account, what is the main error?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyNet profit is Rs 150000. Interest on capital is Rs 35000 and reserve is Rs 25000. What is remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyThe deed provides interest on capital but available profit is only Rs 18000 and interest claim is Rs 24000. How much interest is generally allowed?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyAs capital is Rs 90000 and interest on capital rate is twelve percent. What will be the interest amount?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on capital is debited in Profit and Loss Appropriation Account how does it affect remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on capital Rs 3000 is credited to appropriation account though it should be debited what is the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on capital Rs 7000 is debited to partners account though it should be credited what is the effect?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyB invested Rs 70000 capital at the beginning and withdrew Rs 30000 after six months. What is interest on capital at ten percent?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA invested Rs 50000 capital at the beginning and added Rs 20000 after four months. What is interest on capital at ten percent?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on loan is mistakenly treated as interest on capital what is the main error?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf the deed provides interest on capital but profit is not sufficient in the year, what is the general adjustment limit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf salary Rs 9000 and interest on capital Rs 6500 are payable to A what total credit will appear in As account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyUnder fixed capital method where will the second effect of interest on capital be recorded?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA partner’s capital is Rs 120,000 and interest on capital is 8%. What will be the adjustment amount?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on capital is omitted under fluctuating method which account of the concerned partner is credited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy