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Class 12 · Accountancy · Easy
→If profit is Rs 55,000, interest on drawings is Rs 5,000 and salary is Rs 10,000, what is the distributable profit?
Class 12 · Accountancy · Easy
→The remaining profit is to be shared by A and B in the ratio 4:5. If the total remaining profit is ₹90,000, what is A's share?
Class 12 · Accountancy · Easy
→If the A:B:C ratio is 2:4:6, what is the simplified ratio?
Class 12 · Accountancy · Easy
→If the A:B ratio is 8:2, what is the simplified ratio?
Class 12 · Accountancy · Easy
→When the remaining profit is distributed among partners, what effect occurs in the partners' accounts?
Class 12 · Accountancy · Easy
→If interest on drawings is debited to a partner’s account, what is the reason?
Class 12 · Accountancy · Easy
→Which item is debited in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
→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 · Easy
→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 · Easy
→A partner’s actual share of profit is ₹25,000 and the guaranteed minimum is ₹20,000. What is the deficiency?
Class 12 · Accountancy · Easy
→What is the immediate effect of creating a reserve on the profit share distributed to partners?
Class 12 · Accountancy · Easy
→Three partners share profit equally. If the total profit is ₹1,20,000, what is each partner’s share?
Class 12 · Accountancy · Easy
→If the partners change their profit-sharing ratio in writing, which ratio will apply to the next profit distribution?
Class 12 · Accountancy · Easy
→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 · Easy
→Why is it incorrect to distribute gross profit directly among partners?
Class 12 · Accountancy · Easy
→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 · Easy
→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 · Easy
→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 · Easy
→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 · Easy
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