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Partner Commission

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

AccountancyB is entitled to ₹3000 commission for realisation work. What happens in B's capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyCommission payable to a partner on dissolution is recorded on which side of capital account?Class 12Dissolution of a Partnership FirmPartner AccountsMedium AccountancyIf commission is outstanding payable to a partner, what happens in his capital account on dissolution?Class 12Dissolution of a Partnership FirmPartner AccountsEasy AccountancyA is to receive a commission of 10% of the total profit before profit distribution. If the total profit is ₹88,000, what will be A’s commission?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyThe deed states that A will get managerial commission at 10% of profit and it is to be given before profit distribution. In which account will it appear?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf the deed has no provision for partner commission what will be the treatment of commission in adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf partner commission was overallowed what will be done to the concerned partners account in correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf a commission payable to a partner was omitted from the books, what will be done in the concerned partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf partner commission Rs 12000 is wrongly credited to appropriation account though it should be debited what is the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says first create twenty percent reserve and then give A ten percent commission on remaining profit. Profit is Rs 200,000. What is the commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf partner commission is not debited to appropriation account what will be the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyA receives a commission of two percent on sales. If the sales amount is Rs 4,00,000, how much commission will A receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf commission is payable to a partner on which side of Profit and Loss Appropriation Account will it appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhen is a commission paid to a partner considered valid in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyNet profit is Rs 1,20,000 and a partner's commission is fixed at 5% on net profit. If the commission is paid on the net profit itself, what is the commission amount?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIn profit distribution where is partner commission shown?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf partners commission is provided in the deed what type of item is it?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyCommission was due to a partner but not paid. Under fluctuating capital method why will it increase capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyUnder fluctuating capital method which is the correct item to be credited to capital account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium AccountancyIf B’s salary is Rs 12,000 and commission is Rs 3,000, what will be the total credit in B’s current account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMedium