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Partner Salary

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

AccountancyIf salary payable to a partner is two thousand rupees, what happens in capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasyAccountancyOn dissolution, how will outstanding salary payable to a partner be recorded in his capital account?Class 12Dissolution of a Partnership FirmPartner AccountsEasyAccountancyA and B share profits in the ratio 5:3. The total profit before appropriation is ₹1,10,000. According to the partnership agreement, B is to receive a salary of ₹30,000 before the remaining profit is shared. What will be A’s share of profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIf the deed is silent what is the rule regarding salary to partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in the ratio 3:2. A was entitled to a salary of ₹24,000, but it was omitted from the accounts. The profit has already been distributed. By what amount will B’s account be debited in the adjustment entry?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyIf the partnership deed is silent, can a partner be allowed a salary?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyA and B share profits in the ratio 3:2. Salary of ₹25000 payable to B was wrongly credited to A. Accounts are closed. What is the correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyUnder the fluctuating capital method, to which account is a partner’s salary credited?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasyAccountancyWhen partner salary is debited in the Profit and Loss Appropriation Account, what is the effect on the remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyPartner salary of Rs 8,000 was credited to the Appropriation Account although it should have been debited. What is the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyNet profit is Rs 85,000. Partner salary is Rs 15,000 and general reserve is Rs 10,000. What will be the remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasyAccountancyIf a partner's salary was due but not recorded, which account should be credited in the adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasyAccountancyIf A's salary was recorded ₹5,000 less, what correction will be made in A's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasyAccountancyIf A's salary was recorded Rs. 5,000 too high, what correction should be made in A's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasyAccountancyIf a partner’s salary is omitted by mistake, what will be the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyUnder fixed capital method partner salary will be credited to which account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyIf partner salary was omitted by mistake it will be credited to which partners account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasyAccountancyPartner salary Rs 32000 was wrongly credited to appropriation account though it should be debited. What is the effect on remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpertAccountancyPartner salary of Rs 18,000 was wrongly credited to the Appropriation Account although it should have been debited. By how much will the remaining profit be overstated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHardAccountancyProfit is forty eight thousand rupees and total partner salary is sixty thousand rupees. Deed says salary is payable proportionately up to available profit. A salary is forty thousand and B salary is twenty thousand. How much will A get?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard

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