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Profit And Loss Appropriation

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

AccountancyThe credit side of the Profit and Loss Appropriation Account shows profit of ₹1,30,000 and interest on drawings of ₹7,000. The debit side shows interest on capital of ₹36,000, salary of ₹24,000 and commission of ₹10,000. What amount of profit will be distributable among the partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyThe debit side of the Profit and Loss Appropriation Account shows interest on capital of ₹36,000 and partners’ salary of ₹24,000. The credit side shows net profit of ₹90,000 and interest on drawings of ₹6,000. What amount of residual profit will be distributed among the partners?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyInterest on capital is ₹22,000, partner’s salary is ₹18,000, and interest on drawings is ₹5,000. What will be the net debit effect in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsExpert AccountancyWhen partner salary is debited in the Profit and Loss Appropriation Account, what is the effect on the remaining profit?Class 12Partnership Accounts - Basic ConceptsAdjustmentsMedium AccountancyIf a partner's salary was due but not recorded, which account should be credited in the adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf A's salary was recorded ₹5,000 less, what correction will be made in A's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf a commission payable to a partner was omitted from the books, what will be done in the concerned partner's account?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf interest on a partner's loan has been wrongly debited to the Profit and Loss Appropriation Account, what is the correct accounting treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyInterest on drawings given is Rs 2,300 for A and Rs 1,700 for B. What will be the total credit in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhat is the main purpose of Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhat is the purpose of Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIn which account is the salary paid to partners shown before the distribution of profits?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf a partner is to be allowed interest on capital of Rs. 800, how will it be recorded in the partner's account?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhy is the deed checked first while preparing profit and loss appropriation account?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhat is the effect of charging interest on drawings for a partner?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy