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Interest On Drawings

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

AccountancyC’s capital account has a credit balance of ₹35,000. Interest on drawings is ₹1,800 and C’s share of realisation loss is ₹5,200. How much will be payable to C on dissolution of the firm?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf interest on drawings is one thousand rupees, what happens in partner's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf interest on drawings is receivable by the firm, which entry will be made in the partner’s capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyIf A's capital is credit ₹45000 and interest on drawings is ₹2500 then how much will A receive after adjustment?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyInterest on drawings is recorded on which side of a partner's capital account on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf interest on drawings is receivable from a partner, on dissolution it is recorded on which side of his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyThe credit side of the Profit and Loss Appropriation Account shows profit of ₹1,30,000 and interest on drawings of ₹7,000. The debit side shows interest on capital of ₹36,000, salary of ₹24,000 and commission of ₹10,000. What amount of profit will be distributable among the partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyWhich item is debited to a partner's capital or current account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 1:3. Interest on B's drawings of ₹8000 was omitted and profit was already distributed. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹4000 at the beginning of every month. Interest on drawings is 9% per annum. What will be the interest for the year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyThe 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 ConceptsAdjustmentsExpert AccountancyA and B share profits in the ratio of 2:1. Interest on A’s drawings is ₹9,000 and on B’s drawings is ₹3,000. By how much will the firm’s total profit increase before profit distribution?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyIf interest on drawings was wrongly credited to a partner’s account when it should have been debited, what entry is required for rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyInterest 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 ConceptsAdjustmentsExpert AccountancyA partner withdrew (₹4000) in the middle of every month. Interest on drawings is (9%) per annum. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B shared profit of ₹70000 in the ratio 2:3. Later it was found that A's interest on drawings of ₹5000 was credited twice. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf the deed mentions profit sharing but is silent about interest on drawings what will be the treatment of interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyB withdrew ₹12,000 at the end of each quarter. Interest on drawings is 10% per annum. What is the interest on drawings for the year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹5000 in the middle of every month. Interest on drawings is 12% per annum. What is the interest for one year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf the partnership deed provides interest on drawings but does not state the rate of interest what is the correct decision?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert