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Profit Appropriation

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

AccountancyIf, after allowing A's salary, the remaining profit becomes negative, what is the negative balance treated as?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital of Rs 18,000 should have been debited in the Appropriation Account but was omitted, what is the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf B's commission is calculated on profit after charging commission, and the commission must be deducted from profit, which formula expresses the correct calculation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf net profit is Rs 85,000 and interest on partner loan of Rs 5,000 has not yet been recorded, what will be the correct net profit before appropriation?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf the deed says that profit should first be transferred to reserve and then distributed among partners, what is the first step?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyUnder the fixed capital method, a partner's share of profit will be credited to which account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyInterest on capital is Rs 24,000 but available profit is only Rs 18,000. If there is no special condition, how much interest will be allowed?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on capital is credited to a partner's account, what is the reason for this?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyWhat is the immediate effect of creating a reserve on the profit share distributed to partners?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyIf the net profit is Rs 1,00,000 and a reserve of 10% is to be created, how much will be deducted before distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyTransfer of profit to reserve is shown in which account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyOn which side does interest on drawings appear in the Profit and Loss Appropriation Account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyOn which side does interest on capital appear before profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionEasy AccountancyInterest on A’s capital is Rs 14,000 and interest on B’s capital is Rs 21,000. Available profit is only Rs 28,000. If interest is restricted proportionately, how much interest will B receive?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard AccountancyIf salary is payable to a partner, on which side of his account will it be shown?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyWhen commission is allowed to a partner, which side of that partner's account is affected?Class 12Partnership Accounts - Basic ConceptsCapital AccountsEasy AccountancyThe deed says interest on loan and then interest on capital are to be considered before profit distribution. Which one will first appear like an expense?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the partnership deed requires 10% of profit to be transferred to an employee welfare fund, what will be the fund amount on a profit of Rs 160,000?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed says A gets one fourth of profit in addition to salary and the remaining profit is shared equally, in what order is As share calculated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyIf the deed provides both salary and commission but net profit is low, what should be checked first?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium