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Understatement

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

AccountancyInterest of ₹12,500 should have been recorded in the Loan Account, but only ₹9,500 was recorded. What is the effect on profit and liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyAgreement interest on loan is eleven percent, but the accountant applied six percent. On ₹180000 for one year, by how much is liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyAgreement interest on loan is nine percent but the accountant applied the general six percent. On ₹200000 for one year, by how much is liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyInterest on ₹72000 loan should have been ₹3600 at year end, but only ₹3000 was recorded. By how much is the loan liability understated?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHard AccountancyIf interest on A's capital of ₹2,000 was omitted, how would A's capital balance appear?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyInterest on drawings Rs 14000 was wrongly debited to appropriation account. Correctly it should be credited. By how much will distributable profit be understated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionExpert AccountancyInterest on drawings of Rs 11,000 was wrongly debited to the appropriation account. It should have been credited. By how much will distributable profit be understated?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyPartner commission of Rs 7000 was wrongly debited though it should have been credited. What is the effect on closing balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsExpert AccountancyIf interest on capital of Rs 6,000 is debited to a partner's account instead of being credited, what is the wrong effect on the capital balance?Class 12Partnership Accounts - Basic ConceptsCapital AccountsHard