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Class 12 · Accountancy
→A and B share profits in the ratio 3:2. Total interest on capital was ₹50000 but only ₹30000 was wrongly given in profit ratio. Correct interest due was A ₹20000 and B ₹30000. What is the net correction?
Class 12 · Accountancy
→A B and C have capitals of ₹100000 ₹150000 and ₹250000 respectively. Profit ratio is equal. Interest on capital is 6% and profit is ₹90000. What is C's total share?
Class 12 · Accountancy
→A B and C have capitals of ₹100000 ₹150000 and ₹250000 respectively. Profit ratio is equal. Interest on capital is 6% and profit is ₹90000. What is C's total profit?
Class 12 · Accountancy
→If the deed is silent which combination about interest on capital and interest on drawings is correct?
Class 12 · Accountancy
→If the deed is silent what is the rule regarding salary to partners?
Class 12 · Accountancy
→A and B share profits in the ratio 3:2. A withdrew goods worth ₹15000 for personal use and it was treated as sales. What is the correct treatment?
Class 12 · Accountancy
→The firm paid A's household rent of ₹24000 and recorded it as rent expense. What will be the effect on A's account in the correct adjustment?
Class 12 · Accountancy
→Partner A gets commission at 10% of profit after charging commission and then the balance is shared equally between A and B. Profit is ₹110000 and commission is on profit after commission. What is A's total share?
Class 12 · Accountancy
→Interest on B's drawings should have been ₹7000 but only ₹3000 was charged. A and B share profits in the ratio 2:3. What is the net correction?
Class 12 · Accountancy
→A's salary of ₹20000 was allowed but wrongly recorded as ₹2000 in the appropriation account. A and B share profits equally. What is the net correction after closing accounts?
Class 12 · Accountancy
→A and B distributed profit of ₹120000 in the wrong ratio 3:1 while the correct ratio was 2:3. What is the correction?
Class 12 · Accountancy
→If the debit side of the Profit and Loss Appropriation Account exceeds the credit side by ₹24000 and A B share profits and losses equally what entry is needed?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2:2:1. The total profit is ₹1,25,000. After paying A a salary of ₹15,000 and B a commission of ₹10,000, what will be C’s share of the remaining profit?
Class 12 · Accountancy
→A and B share profits in the ratio 4:1. A gets salary ₹25000 and B gets interest on capital ₹15000. Total profit is ₹90000. What is B's total share?
Class 12 · Accountancy
→A and B share profits in the ratio 3:2. B is guaranteed minimum profit of ₹30000. Total profit is ₹70000. The guarantee is given by A. What is A's final share?
Class 12 · Accountancy
→B withdrew capital of ₹60000 on 1 October. The year is from 1 April to 31 March and interest on capital is 10%. What is the reduction in interest?
Class 12 · Accountancy
→A introduced additional capital of ₹50000 after six months. His opening capital was ₹150000 and the interest rate is 12%. What will be total interest on capital?
Class 12 · Accountancy
→A withdrew ₹10000 every month during the year but dates are not given. Drawings are assumed uniform and the interest rate is 6%. What is the interest?
Class 12 · Accountancy
→Which item is credited to a partner's capital or current account?
Class 12 · Accountancy
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