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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 reserve is created first and interest on capital is allowed afterwards. Profit is fifty thousand rupees reserve is twenty thousand and total interest on capital is forty thousand. How much is available for interest on capital?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says interest on capital will be allowed only when profit is available. Profit is thirty four thousand rupees and total interest on capital is fifty one thousand rupees. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B ratio is five to three. Net profit is one lakh four thousand rupees. A salary is sixteen thousand rupees and B interest on capital is eight thousand rupees. What is B share of remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B profit ratio is two to three. Net profit is thirty thousand and total interest on capital is fifty thousand. Deed is silent whether interest is charge. Under normal treatment how will A B get remaining profit or loss?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on capital is wrongly credited to the Profit and Loss Appropriation Account, what is the effect on available profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyNet profit is fifty thousand rupees. Deed provides interest on capital of sixty thousand rupees and clearly says it is payable irrespective of profit or loss. What is the correct effect?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B share profit in ratio three to two. Net profit is eighty thousand rupees. A salary is thirty thousand rupees and interest on B capital is twenty thousand rupees. How will remaining profit be shared?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says interest on capital is payable only when profit exists. Profit before appropriation is twenty thousand rupees and total interest on capital is thirty thousand rupees. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on capital is credited to partner account but not debited to appropriation account what is the problem?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital is wrongly treated as expense in Profit and Loss Account what problem occurs in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyInterest on capital claimed by A = Rs 10000, B = Rs 15000 and C = Rs 25000. If the available profit is Rs 40000, how much will C receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital is Rs 40,000 and available profit is Rs 30,000, while A and B have equal interest claims, how much will A receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital is not debited in appropriation account by mistake how will remaining profit appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhat is the "second effect" of interest on capital in a partner's account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf firm has net loss what is the general treatment of interest on capital when deed says it is allowed only out of profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhich is the correct difference between interest on partner loan and interest on capital?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyInterest on capital is Rs 24,000 but available profit is only Rs 18,000. If there is no special condition, how much interest will be allowed?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital is credited to a partner's account, what is the reason for this?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhich item is debited in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf net profit is one lakh rupees salary is twenty thousand rupees and interest on capital is ten thousand rupees what is remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy