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Past Adjustment

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

AccountancyA and B share profits in the ratio 2:1. A's salary ₹12000 and B's salary ₹12000 were both omitted. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyInterest on B's drawings should have been ₹7000 but only ₹3000 was charged. A and B share profits in the ratio 2:3. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 2:3:5. C's commission of ₹20000 was omitted. Profit was already distributed. What net amount will be credited to C?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA, B and C share profits in the ratio 3:2:1. C’s salary of ₹24,000 was omitted, although profit had already been distributed. How much will be debited to A’s account in the adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B are equal partners. Interest on capital of ₹10000 to A was omitted and salary of ₹6000 was over allowed to B. After closing accounts what is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 2:5. A's capital is ₹140000 and B's capital is ₹210000. 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 share profits in the ratio 1:3. Interest on B's drawings of ₹8000 was omitted and profit was already distributed. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits equally. A's salary (₹36000) was omitted and profit (₹84000) was distributed equally. What will happen in rectification?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B share profits in the ratio 3:2. A's salary ₹30000 and B's salary ₹20000 were both omitted. In whose favour will the net correction be?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 1:2. A's salary of ₹21000 was omitted. Profit has already been distributed. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B distributed profit of ₹90000 in the ratio 3:2. Later it was found that A's interest on capital ₹15000 and B's interest on drawings ₹5000 were omitted. In whose favour will the net correction be?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 and B share profits equally. A's salary (₹30000) was omitted and profit (₹100000) was already distributed equally. In rectification how much will be transferred from B to A?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyA and B shared profit equally. Later it was found that A's salary of ₹12000 was due and interest on B's drawings of ₹4000 was to be charged. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA B and C share profits in the ratio 3:2:1. A's salary of ₹24000 was omitted. Profit was already distributed in ratio. Which partner will have the highest debit effect?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B shared profit of ₹40000 equally. Later it was found that interest on B's drawings of ₹20000 at 10% for six months was not charged. What is the correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 3:2. A's salary ₹20000 and B's commission ₹10000 were omitted. Profit of ₹50000 was already distributed in ratio. What is the net correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits equally. A's capital is ₹80000 and B's capital is ₹120000. Interest on capital at 10% was omitted but profit of ₹60000 was distributed equally. Who gains in the correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyA and B share profits in the ratio 2:1. A's capital is ₹150000 and B's capital is ₹90000. Interest on capital at 6% was omitted and profit was already distributed. What adjustment is required?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard