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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 the deed allows A a twenty percent commission on profit before distributing the remaining profit, what is the nature of this item?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIn the partnership deed A has guaranteed a minimum profit to B. If B's share falls short of the guaranteed amount, from where will the deficiency be met?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed requires creating a reserve before distribution of profit. What is the correct accounting treatment?Class 12Partnership Accounts - Basic ConceptsPartnership DeedExpert AccountancyThe deed provides a monthly salary of Rs 6,000 to partner A and equal profit sharing. Where will the annual salary appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyThe deed allows donation out of firm profits. What type of item can this donation be?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the partnership deed requires a part of profit to be transferred to reserve when will this entry be made?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyIf the deed provides partners salary but profit is insufficient where is salary shown?Class 12Partnership Accounts - Basic ConceptsPartnership DeedHard AccountancyThe deed contains a rule to donate before distributing profits among partners. What type of matter is this?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf one partner receives monthly salary and annual commission under the deed, where will both be recorded?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyIf the partnership deed says profit will first be transferred to reserve, what type of adjustment is this?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf both profit ratio and salary are given in the partnership deed, what should be checked first in the profit and loss appropriation account?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyThe partnership deed provides interest on capital but the firm has a loss. How is the interest generally treated?Class 12Partnership Accounts - Basic ConceptsPartnership DeedMedium AccountancyWhy is a partner's commission written in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy AccountancyWhat is the purpose of writing the interest-on-capital rate in the partnership deed?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy