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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।

AccountancyIf interest on partner's loan is wrongly debited to the Profit and Loss Appropriation Account what is the correct correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyPartner A gave a loan of ₹90000 to the firm on 1 July. The deed has no interest rate and the year ends on 31 March. What is the interest?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf the deed mentions profit sharing but is silent about interest on drawings what will be the treatment of interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 2:2:1. B is guaranteed a minimum of ₹30000 by A and C equally. Profit is ₹60000. What is C's final share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 2:2:1. B is guaranteed a minimum of ₹30000 by A and C equally. Profit is ₹100000. What is C's final share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 4:3:2. C is guaranteed a minimum of ₹36000 by A alone. Total profit is ₹135000. What is A's final share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 2:3. A's capital is ₹100000 and B's capital is ₹200000. Interest on capital at 10% was omitted and profit was already distributed. In whose favour will the net adjustment be?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B shared profit equally. Later it was found that A's salary of ₹18000 and B's interest on drawings of ₹6000 were omitted. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹15000 on 1 June and ₹25000 on 1 November. The year ends on 31 March and the interest rate is 8%. What is the interest on drawings?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyB withdrew ₹12,000 at the end of each quarter. Interest on drawings is 10% per annum. What is the interest on drawings for the year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA withdrew ₹5000 in the middle of every month. Interest on drawings is 12% per annum. What is the interest for one year?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 5:3. A’s annual salary is ₹36,000 and B’s commission is ₹24,000. Total profit is ₹1,40,000. What is A’s share in the remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyB invested ₹240000 capital at the beginning of the year and withdrew ₹80000 on 1 January. Interest on capital is 9% per annum. What total interest on capital will B receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 4:3. A's opening capital was ₹180000 and he introduced ₹60000 additional capital on 1 October. Interest on capital is 10% per annum. What is A's interest on capital?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIn an appropriation account, interest on capital is ₹30,000 and interest on drawings is ₹5,000. There are no other appropriations. What is the net effect on profit before distribution to partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyA and B share profits in (3:2). A is to receive (20%) commission on profit before commission. Profit before commission is (₹50000). What is B's final profit share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits equally. A's capital is (₹100000) and B's capital is (₹200000). Interest on capital (10%) was omitted. Profit (₹60000) was already shared equally. What happens in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyIn a past adjustment A should be credited (₹18000) and B should be debited (₹12000). If only one adjustment entry is to be made which result is correct?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA partner made drawings on different dates during the year. Which is the most accurate method?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B have fixed capitals of ₹70,000 and ₹90,000 respectively. A’s current account has a debit balance of ₹4,000. On what amount will interest on A’s capital be calculated?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium