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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।

AccountancyMonthly salary of ₹4000 was due to partner A but was not recorded. Profit was already closed equally between A and B. In the adjustment entry whose account will be debited?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyProfit Rs 120000 was shared equally though correct ratio was three to one. How much more should A receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf last year profit Rs 90000 was shared equally though correct ratio was two to one how much more should A receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf last year profit was distributed in a wrong ratio what will be the main basis of correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyA and B shared profit Rs 40000 equally though correct ratio was three to one. How much excess did B receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyProfit Rs 60000 was shared equally though correct ratio was two to one. How much more should A receive?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf last years profit was distributed in wrong ratio what should be calculated first for correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyWhy is cash account often not affected while correcting old profit distribution error?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyWhat is generally prepared to correct an error in past profit distribution in partnership?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyA and B shared profit Rs 150000 equally. Later it was found that A should first get salary Rs 30000 and remaining profit should be shared in ratio two to three. What happens to A in correction?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyLast year profit Rs 240000 was shared in ratio three to two though correct ratio was four to three. What must A do in adjustment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyA and B shared profit Rs 100000 equally. Later it was found that B should first get salary Rs 20000 and remaining profit equally. How much more will B receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyLast year profit Rs 150000 was shared in ratio two to one though correct ratio was three to two. What must A do in adjustment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf profit Rs 90000 was wrongly shared in ratio two to two to one among A B C whereas correct ratio was one to two to two. How much must A return?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyA and B shared profit Rs 72000 equally. Later it was found that A should first get salary Rs 12000 and remaining profit should be shared equally. How much more will A get in correction?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf last year profit of Rs 120000 was shared equally though correct ratio was three to two what will A receive in adjustment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf last year profit of Rs 60000 was shared equally though correct ratio was two to one how much extra should A have received?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf last year profit was distributed in wrong ratio which account may be prepared for correction?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium