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Class 12 · Accountancy
→A and B shared profit Rs 40000 equally though correct ratio was three to one. How much excess did B receive?
Class 12 · Accountancy
→Interest on capital is payable to a partner. If interest on capital has been wrongly debited to the partner's account, what is the correct accounting treatment? (Answer briefly)
Class 12 · Accountancy
→If interest on drawings is wrongly credited to partners account what was the correct treatment?
Class 12 · Accountancy
→Under the fluctuating capital method, if a partner's profit share is omitted from the closing capital, what will be the effect on the closing capital?
Class 12 · Accountancy
→Under fluctuating capital method opening capital is Rs 70000 profit share Rs 15000 and drawings Rs 9000. What is closing capital?
Class 12 · Accountancy
→If Bs current account has opening credit Rs 5000 and drawings Rs 8000 what is closing balance?
Class 12 · Accountancy
→If As current account has opening debit Rs 3000 and salary Rs 10000 with no other item what is closing balance?
Class 12 · Accountancy
→If equal monthly drawings of Rs 2000 are made at the beginning of each month and interest rate is ten percent what is interest on drawings?
Class 12 · Accountancy
→If equal monthly drawings of Rs 1000 are made at the end of each month and interest rate is twelve percent what is interest on drawings?
Class 12 · Accountancy
→A invested capital Rs 30000 at the beginning and added Rs 10000 after six months. What is interest on capital at ten percent?
Class 12 · Accountancy
→If A takes goods from the firm for personal use valued at Rs 6,000, which account will be debited?
Class 12 · Accountancy
→If interest of Rs 4,000 on a partner's loan has not yet been deducted from the net profit, what adjustment is required to the net profit?
Class 12 · Accountancy
→Interest on partners loan is treated as what type of adjustment?
Class 12 · Accountancy
→If interest on capital is omitted, what will be the effect on the remaining profit?
Class 12 · Accountancy
→If interest on drawings is omitted how will distributable profit appear?
Class 12 · Accountancy
→If partner salary is omitted by mistake what is the effect on profit distribution?
Class 12 · Accountancy
→Profit Rs 60000 was shared equally though correct ratio was two to one. How much more should A receive?
Class 12 · Accountancy
→If last years profit was distributed in wrong ratio what should be calculated first for correction?
Class 12 · Accountancy
→B paid the firm's repair expense of Rs 7,000 from personal cash. What will be the effect on B's account?
Class 12 · Accountancy
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