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Class 12 · Accountancy · Medium

A, B and C share profits in the ratio 1:4:5. The remaining profit is Rs 1,50,000. What is B's share?

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Class 12 · Accountancy · Easy

If total loss is Rs 48,000 and A, B and C share it in the ratio 1:2:3, what is C's share?

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Class 12 · Accountancy · Medium

If the profit is Rs 72,000 and A, B, C share it in the ratio 3:2:1, what is B's share?

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Class 12 · Accountancy · Medium

If the deed says that profit should first be transferred to reserve and then distributed among partners, what is the first step?

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Class 12 · Accountancy · Hard

Partner salary is Rs 20,000 and interest on capital is Rs 30,000, while available profit is Rs 40,000. If no order is given, what is the proportionate amount of salary?

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Class 12 · Accountancy · Medium

A, B and C share profits in the ratio 3 : 3 : 2. A and B are to bear C's deficiency equally. If C's deficiency is Rs 6000, how much will A bear?

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Class 12 · Accountancy · Easy

A, B and C share profits in the ratio 2:2:1. If the remaining profit is Rs 75,000, how much will A and B together receive?

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Class 12 · Accountancy · Easy

A and B have equal capitals, but their profit-sharing ratio is 4:1. What is A's share of a profit of Rs 50,000?

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Class 12 · Accountancy · Medium

Under the fixed capital method, a partner's share of profit will be credited to which account?

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Class 12 · Accountancy · Easy

A receives a monthly salary of Rs 4,000. What will be the total salary for the year?

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Class 12 · Accountancy · Medium

Interest on a partner's loan is Rs 5,000. Where will it be recorded before profit distribution?

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Class 12 · Accountancy · Medium

A, B and C share a loss in the ratio 2:2:1. If the total loss is Rs 50,000, what is C's share?

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Class 12 · Accountancy · Medium

If the firm has guaranteed minimum profit to B, from where will B's deficiency be adjusted?

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Class 12 · Accountancy · Medium

A is guaranteed minimum profit of Rs 40000 and his normal share is Rs 34000. What will be the deficiency?

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Class 12 · Accountancy · Medium

If the deed has no provision for partner salary, what will happen to salary in profit distribution?

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Class 12 · Accountancy · Medium

Interest on capital is Rs 24,000 but available profit is only Rs 18,000. If there is no special condition, how much interest will be allowed?

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Class 12 · Accountancy · Medium

If the partnership deed does not give a profit ratio and the capitals of A, B and C are different, how will profit be distributed?

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Class 12 · Accountancy · Easy

If A gets commission on profit, on what will it depend?

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Class 12 · Accountancy · Easy

If A gets commission on sales, on what base will it be calculated in profit distribution?

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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?

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