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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।

AccountancyWhich item can appear on credit side of Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf net profit is forty thousand rupees interest on capital is five thousand rupees and interest on drawings is one thousand rupees what is remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf drawings are ₹20,000 and interest on drawings is 5% per annum, what is the interest for one year?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf the partnership deed is silent about interest on drawings, should interest on drawings be charged?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf profit is thirty thousand rupees and interest on drawings is two thousand rupees what is total amount available for appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyOn which side does interest on drawings appear in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhat is interest on drawings for the firm?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyEqual monthly drawings of Rs 2500 are made at the end of each month and interest rate is twelve percent. What is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf interest on drawings is credited to Profit and Loss Appropriation Account what will be its second effect in partners account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf drawings and interest on drawings both appear in current account how will both be treated while finding closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyAs closing capital is Rs 130000. Opening capital is Rs 100000 additional capital Rs 25000 profit share Rs 15000 and interest on drawings Rs 2000. What were drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyInterest on drawings of Rs 3,200 was credited to the partner’s account, although the correct treatment was a debit. By how much will the partner’s balance be overstated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA withdrew Rs 15000 in May and Rs 25000 in January. The accounting year ends in March and interest rate is ten percent. What is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyEqual monthly drawings of Rs 4000 are made in the middle of every month and interest rate is nine percent per annum. What is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyB's current account opened with a Rs 5,000 debit balance. During the year his profit share was Rs 18,000 and partner's salary Rs 6,000 (both credited); drawings were Rs 11,000 and interest on drawings Rs 800 (debited). What is the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyUnder fixed capital method drawings and interest on drawings are both debited in current account. What is the basic difference between them?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method A capital account finally shows credit eighty thousand rupees. If interest on drawings of four thousand rupees was omitted what is correct closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on drawings is debited to partners account but not credited in Profit and Loss Appropriation what is missing?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf interest on drawings of Rs 2,500 is not recorded in a partner's account, how will the capital or current balance appear?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on drawings is wrongly debited to Profit and Loss Appropriation Account what is the correct treatment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert