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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।

AccountancyIf commission is on profit after charging commission why is the normal percentage formula wrong?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyB is to receive guarantee deficiency of twelve thousand rupees. Deficiency is borne equally by A and C. What is the effect in A account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA has salary credit twenty five thousand rupees and after appropriations there is loss of fifty thousand rupees. A B ratio is three to two. What is net effect on A account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA receives twenty percent commission on remaining profit after charging commission after salary of ten thousand rupees. Profit before salary is eighty eight thousand rupees. What is the commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyNet profit is two lakh rupees. Interest on drawings is ten thousand rupees interest on capital is fifty thousand rupees and reserve is twenty thousand rupees. A B ratio is three to four. What is A share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed is silent. A contributed one lakh capital and B contributed twenty five thousand capital. Total profit is fifty thousand rupees. What is A share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA's agreed salary is ₹30,000 and B's agreed salary is ₹15,000. However the available profit is only ₹27,000 and salaries are to be paid proportionately. How much salary will B receive?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA has an annual salary of Rs 24,000 and remained a partner for nine months. What salary will be allowed in profit distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyNet profit is one lakh fifty thousand rupees. A gets four percent commission on sales and sales are five lakh rupees. B gets ten percent commission on profit before charging commission. What is total commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says A salary is to be allowed first and then B commission. Profit is sufficient only for A salary. What is the correct treatment of B commission?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyProfit is forty eight thousand rupees and total partner salary is sixty thousand rupees. Deed says salary is payable proportionately up to available profit. A salary is forty thousand and B salary is twenty thousand. How much will A get?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyAfter appropriations debit side of appropriation account exceeds credit side by thirty thousand rupees. A B ratio is two to three. What happens in B account?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA B C ratio is five to three to two. C will not share losses. Total loss is one lakh rupees. What is A loss share?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyA is guaranteed minimum total benefit of sixty thousand rupees including salary. A salary is twenty thousand and share of remaining profit is thirty thousand. What is deficiency?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyInterest on capital twenty thousand rupees should have been debited but was wrongly credited. Compared with correct position how much higher will available profit appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyInterest on drawings twelve thousand rupees should have been credited but was wrongly debited. Compared with correct position how will available profit appear?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyInterest on partner loan was already deducted while calculating net profit. Still it was debited in appropriation account by fifteen thousand rupees. What is the effect on distributable profit?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyThe deed says reserve of thirty five thousand rupees must be created first and then interest on capital is allowed. Profit is one lakh rupees and total interest on capital is eighty thousand rupees. What amount is available for interest on capital?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancySales of first period are three lakh and sales of second period are five lakh. Total profit is one lakh sixty thousand rupees. What profit will be considered for second period?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyFor first four months ratio was one to two and for next eight months ratio was three to two. Annual profit one lakh eighty thousand rupees accrued evenly. What is correct total profit of A?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard