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Class 12 · Accountancy

If the A:B:C ratio is 2:4:6, what is the simplified ratio?

Class 12 · Accountancy

If the A:B ratio is 8:2, what is the simplified ratio?

Class 12 · Accountancy

When the remaining profit is distributed among partners, what effect occurs in the partners' accounts?

Class 12 · Accountancy

If interest on drawings is debited to a partner’s account, what is the reason?

Class 12 · Accountancy

Which item is debited in Profit and Loss Appropriation Account?

Class 12 · Accountancy

A, B and C share profit in the ratio 3:4:5. If total profit is ₹24,000, what is B's share?

Class 12 · Accountancy

If A and B share profits in the ratio 2:7 and the total profit is ₹9,000, what is A's share?

Class 12 · Accountancy

A partner’s actual share of profit is ₹25,000 and the guaranteed minimum is ₹20,000. What is the deficiency?

Class 12 · Accountancy

What is the immediate effect of creating a reserve on the profit share distributed to partners?

Class 12 · Accountancy

Three partners share profit equally. If the total profit is ₹1,20,000, what is each partner’s share?

Class 12 · Accountancy

If the partners change their profit-sharing ratio in writing, which ratio will apply to the next profit distribution?

Class 12 · Accountancy

If only the profit-sharing ratio is given and no separate loss-sharing ratio is stated, how will the loss be shared?

Class 12 · Accountancy

Why is it incorrect to distribute gross profit directly among partners?

Class 12 · Accountancy

If A and B share profit in the ratio 3:1 and the divisible profit is Rs 32,000, what is A's share?

Class 12 · Accountancy

If net profit is ₹90,000 and A is entitled to a commission of 10% before charging the commission, what is A’s commission?

Class 12 · Accountancy

A guaranteed partner’s actual share of profit is ₹20,000, while the guaranteed minimum is ₹18,000. How much will the partner receive?

Class 12 · Accountancy

A partner is guaranteed a minimum profit of ₹15,000, but his actual share of profit is ₹12,000. What is the deficiency to be made good?

Class 12 · Accountancy

If the total loss is ₹34,000 and A and B share losses in the ratio 2:3, what is A’s share of the loss?

Class 12 · Accountancy

A and B share profit in the ratio 3:5. If the remaining profit is ₹64,000, what is A's share?

Class 12 · Accountancy

What is the effect of creating reserve in partners profit distribution?