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Net Profit

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

AccountancyOn dissolution of a partnership firm, settlement of liabilities resulted in a gain of ₹7000, while the sale of assets resulted in a loss of ₹2500. What will be the net result?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a partnership firm, an asset with a book value of ₹78,000 was sold for ₹85,000, and selling expenses of ₹2,000 were incurred. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyOn the dissolution of a partnership firm, assets with a book value of ₹1,10,000 were sold for ₹1,18,000, and realisation expenses amounted to ₹3,000. What will be the net realisation profit?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, assets valued at ₹85000 were sold for ₹90000, and realization expenses amounted to ₹2000. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyOn dissolution of the firm, a gain of ₹4500 arises from the settlement of liabilities and a loss of ₹2500 arises from the sale of assets. What will be the net result?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the dissolution of a firm, an asset had a book value of ₹72000. It was sold for ₹78000, and selling expenses of ₹1500 were paid. What is the net profit from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of admission of a partner, a firm's asset increases from ₹1,58,000 to ₹1,74,500, while its liability increases from ₹88,000 to ₹96,000. What will be the net effect in the Revaluation Account?Class 12Reconstitution - Admission of a PartnerAsset RevaluationExpert AccountancyIn the Revaluation Account, furniture is increased by ₹2,000 and stock is decreased by ₹700. What will be the net result of these adjustments?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyIf Revaluation Account has only asset increase ₹4000 and liability increase ₹1500 then what is the net result?Class 12Reconstitution - Admission of a PartnerAsset RevaluationEasy AccountancyA is entitled to a commission of 20% on the net profit after charging such commission. The profit before charging the commission is ₹96,000. What will be the profit remaining after the commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyB is to receive commission at 7% of net profit. Profit before commission is ₹250000 and commission is not based on profit after commission. What is the commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 2:1. B gets commission at 10% of net profit. Profit before commission is ₹90000. Commission is on net profit and not on profit after commission. What is B's commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA is entitled to a commission of 10% on the net profit after charging the commission. The profit before charging the commission is ₹1,10,000. What is A’s commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyInterest on partner loan Rs 9000 was not deducted from net profit by mistake. What is the correct adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf interest on a partner's loan was omitted from the books, what would be the effect on net profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf interest of Rs 4,000 on a partner's loan has not yet been deducted from the net profit, what adjustment is required to the net profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIn partnership accounts, drawings of \(\text{Rs }20000\) were wrongly deducted from profit as if it were an expense. Under correct treatment, drawings should not be treated as expense. What is the effect on net profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA receives a salary of Rs 30,000 and B receives a commission equal to 10% of the net profit after deducting the salary. Profit before deducting the salary is Rs 1,80,000. What is B's commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf interest on capital Rs 30000 is wrongly treated as expense in Profit and Loss Account what combined error occurs in net profit and appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyNet profit is Rs 90000 and interest on partner loan Rs 6000 has not been deducted yet. Then interest on capital Rs 18000 is to be allowed. What profit is available for appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert