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Class 12 · Accountancy · Expert
→Interest on capital claims are A Rs 24000 B Rs 36000 and C Rs 30000. Available profit is Rs 60000. How much interest will C receive?
Class 12 · Accountancy · Expert
→A gets salary Rs 36,000 and twelve percent commission on profit after charging such commission. Profit before salary is Rs 260,000. What is the commission?
Class 12 · Accountancy · Hard
→A shares only profits and is exempt from losses. A B profit ratio is one to two. Loss is thirty thousand rupees. How much will be debited to B?
Class 12 · Accountancy · Hard
→A and B share profits in the ratio 3:2. Net profit is Rs 50,000. A first gets a 20% bonus of profit and the remaining profit is shared. What is B's share?
Class 12 · Accountancy · Hard
→A and B share profits in the ratio 1:4. B will not share losses. The loss is Rs 60,000. What is A's loss share?
Class 12 · Accountancy · Hard
→A'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 12 · Accountancy · Medium
→A has an annual salary of Rs 24,000 and remained a partner for nine months. What salary will be allowed in profit distribution?
Class 12 · Accountancy · Hard
→Profit 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 12 · Accountancy · Expert
→If the deed clearly says interest on capital will be allowed as expense before profit what will be its treatment in loss year?
Class 12 · Accountancy · Medium
→If 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 12 · Accountancy · Expert
→A, B and C share profits in the ratio 3:2:1. Total profit is Rs 210000. A is paid a salary of Rs 30000 before profit distribution. What is B's final share?
Class 12 · Accountancy · Expert
→A and B have claims on interest on capital in the ratio 4 : 1. Available profit is Rs 50,000 and the total claim amount is Rs 75,000. How much will A receive?
Class 12 · Accountancy · Hard
→If partner commission Rs 12000 is wrongly credited to appropriation account though it should be debited what is the effect on remaining profit?
Class 12 · Accountancy · Hard
→The deed says first create twenty percent reserve and then give A ten percent commission on remaining profit. Profit is Rs 200,000. What is the commission?
Class 12 · Accountancy · Hard
→A receives a salary of Rs 24,000 and a commission of 10% on profit after charging such commission. Profit before salary is Rs 134,000. What is A's commission?
Class 12 · Accountancy · Hard
→Net profit is Rs 100,000. A's salary is Rs 20,000, B's commission is Rs 10,000, interest on drawings is Rs 5,000, and a reserve of Rs 15,000 is created. What is the remaining profit?
Class 12 · Accountancy · Hard
→Net profit is Rs 25,000. A's salary is Rs 40,000 and the deed says the salary is fully payable. A and B share profits in the ratio 2:3. What is B's share of the loss?
Class 12 · Accountancy · Medium
→If, after allowing A's salary, the remaining profit becomes negative, what is the negative balance treated as?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio 2:3. Total loss is Rs 50,000, but B is exempted from the loss. What is A's share of the loss?
Class 12 · Accountancy · Medium
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