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Class 12 · Accountancy
→A and B share profits in (3:2). B is guaranteed (₹50000). Total profit is (₹95000). Why is it wrong to say deficiency is borne by both A and B in profit ratio?
Class 12 · Accountancy
→A and B have capitals (₹50000) and (₹150000). Profit is shared equally. After interest on capital (12%), residual profit is (₹44000). What was total profit?
Class 12 · Accountancy
→If a partner did not withdraw cash but the firm paid his personal rent (₹11000), from when is this amount considered for interest on drawings?
Class 12 · Accountancy
→A and B share profits in the ratio of 2:1. A is entitled to an annual salary of ₹24,000. A became a partner on 1 July, and the accounting year ends on 31 March. How much salary will A receive for that year?
Class 12 · Accountancy
→A partner introduced capital (₹120000) at the beginning of the year. On 1 October (₹60000) was converted into loan. Interest on capital is (10%) and loan interest is (6%). What is total interest?
Class 12 · Accountancy
→A and B share profits in (3:2). Income of (₹15000) was not included in profit (₹100000). By how much will B's share increase in rectification?
Class 12 · Accountancy
→If interest on drawings was wrongly credited to partner's account while it should have been debited what is required for rectification?
Class 12 · Accountancy
→Interest on capital is ₹22,000, partner’s salary is ₹18,000, and interest on drawings is ₹5,000. What will be the net debit effect in the Profit and Loss Appropriation Account?
Class 12 · Accountancy
→A and B share profits in the ratio 5:5. Before the normal distribution of profit, A is to receive a bonus of ₹25,000. If the total profit is ₹90,000, what will be B's share of profit?
Class 12 · Accountancy
→Partner A is to get (12%) commission on profit after profit distribution but before commission. Profit is (₹150000). On what base is commission calculated?
Class 12 · Accountancy
→A and B share profits in (3:2). Last year interest on capital (₹25000) was to be allowed but was omitted. A and B's claims are (₹10000) and (₹15000). What will happen in rectification?
Class 12 · Accountancy
→A and B share profits equally. B gave loan (₹100000) on 1 April. The deed provides (9%) loan interest. The firm has loss of (₹4000). What is B's loan interest?
Class 12 · Accountancy
→A and B have capitals of (₹240000) and (₹160000). Interest on capital is (7.5%). Profit is only (₹20000). How much interest will A receive?
Class 12 · Accountancy
→The deed provides partner salary but the firm has a loss of (₹5000). What is the correct treatment of salary?
Class 12 · Accountancy
→If the deed states that interest on capital is payable only in case of profit what is its treatment in a loss year?
Class 12 · Accountancy
→A and B share profits in (4:3). Profit is (₹98000). A gets salary (₹14000) and B gets commission (₹7000). What is A's final share?
Class 12 · Accountancy
→A partner used firm's goods worth (₹9000) for personal purpose. What is the correct adjustment?
Class 12 · Accountancy
→The firm paid partner's personal life insurance premium (₹15000). How should it be recorded?
Class 12 · Accountancy
→A and B share profits in the ratio 2:3. The books show a profit of ₹70,000, but an expense of ₹10,000 was omitted. By how much will A's share of profit decrease after rectification?
Class 12 · Accountancy
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