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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।

AccountancyIn which account is the salary paid to partners shown before the distribution of profits?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasyAccountancyIf partner salary is paid in cash and also credited to current account what is the problem?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf interest on capital and partner salary are debited to Profit and Loss Appropriation Account what will be their second effect in partners account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyUnder the fluctuating capital method, a partner's salary has been omitted by mistake. If the salary amount is Rs 12,000, what is the effect on the closing capital?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyB'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 AccountsExpertAccountancyUnder fluctuating capital method partner salary was credited to capital account when due and debited again on payment. What is the net effect?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHardAccountancyIf As salary is credited in current account but not debited in Profit and Loss Appropriation Account what is the accounting problem?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf partner salary is credited to capital account and debited to Profit and Loss Appropriation Account under which method can it be correct?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpertAccountancyIf A’s opening current-account balance is a credit of Rs 2,000, salary is Rs 5,000, and drawings are Rs 9,000, what will be the closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMediumAccountancyIf 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 AccountsMediumAccountancyUnder fixed capital method salary payable to partner is paid in cash. What is the correct accounting idea?Class 12Partnership Accounts - Basic ConceptsCapital AccountsMediumAccountancyUnder fixed capital method, partner salary is usually credited to which account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasyAccountancyIf A’s capital is ₹40,000 and salary allowed to A is ₹3,000, what will be the capital under the fluctuating-capital method, assuming no other adjustment?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasyAccountancyHow does a partner’s salary affect the partner’s account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasyAccountancyUnder the fixed capital method, to which account is a partner’s salary credited?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasyAccountancyIf the deed provides that a partner's salary will be reduced for taking long leave without consent, this provision relates to what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyIf the deed clearly says partner salary is an appropriation of profit, what is its normal treatment in a loss year?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyIf the deed calls salary a compulsory payment before profit, how may it be treated even when the firm has loss?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyIf the deed provides for a partner's salary but the firm has made a loss, the correct treatment of the salary will depend on what?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpertAccountancyIf the deed provides both salary and commission but net profit is low, what should be checked first?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium

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