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Partnership

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

AccountancyA withdrew ₹4000 at the beginning of every month. Interest on drawings is 9% per annum. What will be the interest for the year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyNet profit in the Profit and Loss Appropriation Account is ₹200000. Interest on drawings is ₹8000. Partner salary is ₹40000 interest on capital is ₹30000 and commission is ₹10000. What will be the remaining distributable profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in (2:3). At year end A's final share is (₹46000) including salary (₹10000) and interest on capital (₹6000). What was total residual profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA claims salary (₹30000) and interest on capital (₹20000). B claims interest on capital (₹25000). Profit is (₹45000) and all claims are to be reduced proportionately. How much will B receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIf profit is insufficient and the deed states that salary is allowed first and interest on capital second, what order should be followed?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in (3:2). Profit (₹50000) was wrongly shared equally. What will happen in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA and B distributed profit (₹81000) in (4:5). The correct ratio was (5:4). What will happen in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIf the deed is silent what is the correct rule for interest on capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIf the partnership deed is silent, can a partner be allowed a salary?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMediumAccountancyA partner withdrew total (₹48000) equally at the beginning of each quarter during the year. Rate is (7.5%). What is interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA partner withdrew total (₹36000) equally at the end of each quarter during the year. Rate is (10%). What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA and B share profits in (7:5). Total profit was (₹144000). Partner salary (₹24000) payable to A was omitted. What will be B's profit after correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyThe deed provides (10%) interest on capital but capital accounts have become negative. What interest is allowed on such negative capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA and B share profits in (3:2). B is guaranteed (₹50000). Total profit is (₹95000). Why is it wrong to say deficiency is borne by both A and B in profit ratio?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA and B have capitals (₹50000) and (₹150000). Profit is shared equally. After interest on capital (12%), residual profit is (₹44000). What was total profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyIf a partner did not withdraw cash but the firm paid his personal rent (₹11000), from when is this amount considered for interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA partner introduced capital (₹120000) at the beginning of the year. On 1 October (₹60000) was converted into loan. Interest on capital is (10%) and loan interest is (6%). What is total interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpertAccountancyA and B share profits in the ratio 3:2. Income of ₹15,000 was omitted from the recorded profit of ₹1,00,000. By how much will B’s share increase on rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyIf interest on drawings was wrongly credited to a partner’s account when it should have been debited, what entry is required for rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHardAccountancyA and B share profits in the ratio 5:5. Before the normal distribution of profit, A is to receive a bonus of ₹25,000. If the total profit is ₹90,000, what will be B's share of profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert

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