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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।

AccountancyThere is loss of Rs 80000 and interest on drawings is Rs 12500. There is no other appropriation. What will be net loss to be distributed?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyThere is loss in the year but interest on drawings is clearly provided in the deed. How will it be treated in appropriation account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 160000 and interest on drawings is Rs 10000. Interest on capital claim is Rs 70000 and salary claim is Rs 120000. No order is given. What is the available amount?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyInterest on drawings Rs 14000 was wrongly debited to appropriation account. Correctly it should be credited. By how much will distributable profit be understated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyThere is loss of Rs 50000 and interest on drawings is Rs 8000. There is no other appropriation. What will be net loss to be distributed?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyThere is a loss for the year, but the partnership deed clearly provides for interest on drawings. How should interest on drawings be shown in the appropriation account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 120000 and interest on drawings is Rs 6000. Interest on capital claim is Rs 50000 and salary claim is Rs 90000. No order is given. What is available amount?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyInterest on drawings of Rs 11,000 was wrongly debited to the appropriation account. It should have been credited. By how much will distributable profit be understated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyInterest on drawings twelve thousand rupees should have been credited but was wrongly debited. Compared with correct position how will available profit appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on drawings is in the deed but a partner refuses due to loss year. What is the correct accounting view?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf net profit is Rs 100000 and interest on drawings is Rs 5000 while interest on capital Rs 30000 and salary Rs 80000 are payable. No order is given. What total amount is available?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf interest on drawings Rs 8000 is wrongly debited though it should be credited what is the wrong effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 100,000. A's salary is Rs 20,000, B's commission is Rs 10,000, interest on drawings is Rs 5,000, and a reserve of Rs 15,000 is created. What is the remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyInterest on drawings was seven thousand rupees but was not added in appropriation account. What is the effect on profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyNet profit is ninety thousand rupees. Interest on drawings is six thousand rupees. A salary is twenty four thousand rupees and reserve is twelve thousand rupees. Profit ratio is two to one. What is B share of remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B profit ratio is three to five. Net profit is sixty four thousand rupees. Interest on drawings is four thousand rupees and reserve is eight thousand rupees. What is B profit share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyWhat is the logic of adding interest on drawings in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf interest on drawings is wrongly debited to Profit and Loss Appropriation Account what will be the effect on profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyWhen interest on drawings is credited to the Profit and Loss Appropriation Account, what happens in the partner's account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyA B ratio is three to one. Net profit is forty four thousand rupees. A salary is twelve thousand rupees and interest on drawings is four thousand rupees. What is B final profit share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard