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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 equal monthly drawings of Rs 3000 are made at the end of every month and interest rate is ten percent per annum what is interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf interest on drawings is credited to appropriation account but not debited to partner account what is the effect on partners balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf interest on drawings is forgotten while finding closing balance of partners capital account what type of error occurs?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyInterest on drawings is credited to Profit and Loss Appropriation Account and debited to partner account. What does this mean?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyA interest on capital is five thousand rupees and interest on drawings is three thousand rupees. Both were wrongly credited. Compared with correct position how much will balance be overstated?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fixed capital method interest on drawings was wrongly credited in current account. If the amount is two thousand rupees what is total error in current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf Bs opening current account is Rs 1000 debit commission is Rs 7500 and interest on drawings is Rs 500 what will be closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on drawings is credited to partners account what is the error?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf the deed is silent why will interest on drawings not be charged in capital or current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf a partners profit share is Rs 16000 and interest on drawings is Rs 1200 what will be the net credit effect in fluctuating capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyB withdrew Rs 20000 at the end of the year. If no special period is given what will be interest for that year?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyA withdrew Rs 18000 at the beginning of the year and interest rate is 12 percent per annum. What will be the interest?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf A’s drawings are Rs 10,000 and interest on drawings is Rs 1,000, what will be the total debit in A’s account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on drawings is not mentioned in the deed what will happen in partners capital or current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyInterest on drawings is Rs 700 for A and Rs 900 for B. What will be total credit in Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyB withdrew Rs 24000 in the middle of the year and interest rate is 10 percent per annum. What will be interest on drawings?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf interest on drawings is wrongly credited to a partner's account, what will be the effect on the partner's account balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyB opening capital is ninety thousand rupees. Interest on capital allowed is five thousand rupees and interest on drawings charged is one thousand rupees. What is the net effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIn which account does interest on drawings appear as income of the firm?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyUnder fixed capital method, where will interest on drawings be recorded?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy