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Profit Correction

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

AccountancyIf last year profit was distributed in a wrong ratio what will be the main basis of correction?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf profit was overstated and the correction decreases profit, what happens in the partners’ accounts?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf income was recorded twice and the amount is Rs 8,000, by how much will profit decrease in the adjustment?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyIf A and B shared profit equally but correct ratio was three to two what type of adjustment is needed?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 ratio has changed but remaining profit was distributed in old ratio what will be the basis of correction?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