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Profit Distribution

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

AccountancyFor first four months profit ratio was one to two and for next eight months it became three to two. Annual profit one lakh eighty thousand rupees is assumed earned evenly. What is total profit of A?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says partner salary is payable irrespective of profit or loss. Profit before salary is twelve thousand rupees and salary is thirty five thousand rupees. What will be the result after salary?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says interest on capital is payable only if profit is available. Available profit is seventy two thousand rupees and interest on capital for A and B is fifty thousand and forty thousand rupees respectively. How much interest will A get?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B C share profit in ratio two to five to three. A is guaranteed minimum fifty thousand rupees. Total profit is two lakh rupees. Deficiency is borne by B and C in their ratio. What is the correct deduction from C?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B C share profit in ratio two to five to three. A is guaranteed minimum fifty thousand rupees. Total profit is two lakh rupees. Deficiency is borne by B and C in their ratio. How much is deducted from C?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA receives twenty five percent commission on profit after charging commission. Profit before commission is one lakh twenty five thousand rupees. What is A commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyNet profit is three lakh rupees. Interest on drawings is fifteen thousand rupees. Total partner salary is fifty thousand rupees interest on capital is twenty five thousand rupees and reserve is forty thousand rupees. A B C ratio is four to three to three. What is C share of remaining profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIn a complex profit distribution question involving guarantee salary reserve and interest what is the safest final check?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf A received Rs 48,000 under the old ratio but should have received Rs 60,000 under the new (correct) ratio, what will be the adjustment entry in A's account?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 AccountancyIf debit and credit totals of appropriation account are not equal after distributing final profit what is the most likely reason?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIn the Profit and Loss Appropriation Account the credit side shows net profit of Rs 200000 and interest on drawings credited Rs 12000. Total debit items are Rs 72000. The remaining profit is to be divided in the ratio 3 : 4 : 5. What is the third partner's share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf interest on capital for A and B is Rs 30000 and Rs 20000 respectively. Available profit is Rs 45000. How much proportionate interest will B get?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf Cs guarantee deficiency of Rs 6667 is given by the firm how will it affect shares of A and B?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyA B C share profits equally. Total profit is Rs 90000. A gets salary Rs 20000 and C has minimum profit guarantee of Rs 30000. What is Cs deficiency?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf the deed clearly says interest on capital will be allowed as expense before profit what will be its treatment in loss year?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyIf interest on capital is in the deed but there is a loss in the year and no special expense clause exists, what is the correct treatment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyIf interest on drawings is in the deed but a partner refuses due to loss year. What is the correct accounting view?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 AccountancyIf profit is Rs 180000 and B gets ten percent commission on remaining profit after charging commission after As salary Rs 20000 is first deducted. What is commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert