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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।

AccountancyIf interest on drawings is omitted before profit distribution, what is the first direct effect?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf the dates of a partner’s drawings are given, which method is most appropriate for calculating interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA and B share profits in the ratio 3:2. A withdrew ₹6000 with interest ₹600. B withdrew ₹9000 with interest ₹900. What total credit will appear in the appropriation account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B are equal partners. Interest on A's drawings of ₹5000 was wrongly debited as an expense. What is the correct treatment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyWhat is the correct treatment of interest on drawings in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹2000 at the beginning of every month. Interest on drawings is 6% per annum. What will be the interest for one year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyAs profit share is Rs 35000 and interest on drawings is Rs 4500. What will be the net effect in As account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyInterest on drawings Rs 5000 was debited to appropriation account though it should have been credited. What is the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyInterest on drawings of Rs 1,500 was credited to the partner's account although it should have been debited. What is the effect?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyB's Current Account has an opening credit balance of Rs 8,000, commission of Rs 7,000, and interest on drawings of Rs 2,500. What is the closing balance?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyNet profit is Rs 130000. Interest on drawings is Rs 6000 and partner salary is Rs 36000. What will be distributable profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyBs drawings are Rs 30000 and interest on drawings is Rs 2100. What total debit will appear in Bs account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyB withdrew Rs 30000 at the beginning of April and the accounting year ends in March. What is interest on drawings at ten percent?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on drawings is credited in the Profit and Loss Appropriation Account, how does it affect the remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on drawings Rs 2000 is debited to appropriation account though it should be credited what is the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on drawings Rs 900 is omitted how will partners balance appear?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf Bs current account has opening debit Rs 2000 commission Rs 6500 and interest on drawings Rs 500 what is closing balance?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf Bs drawings are Rs 22000 and interest on drawings is Rs 1800 what total debit will appear in Bs account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyUnder fluctuating capital method in which account will the second effect of interest on drawings be debited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyB withdrew Rs 18,000 at the end of the year. What will generally be the interest on drawings for the same year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy