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Class 12 · Accountancy
→If an omitted expense is found what is the effect on total profit in adjustment?
Class 12 · Accountancy
→In partnership accounts adjustments, if an omitted income is discovered, what is its effect on the total profit?
Class 12 · Accountancy
→If A and B share profits in the ratio 3:2 and an adjustment loss of 10,000 rupees is to be shared, how much will be debited to B's account?
Class 12 · Accountancy
→If A and B share profits in the ratio 2:1 and the adjustment profit is Rs 9,000, how much will be credited to A?
Class 12 · Accountancy
→In adjustments, what is the effect on total available profit when interest is charged on drawings?
Class 12 · Accountancy
→In adjustments — if interest on capital is allowed in a partnership, what is the effect on the total distributable profit?
Class 12 · Accountancy
→If B interest on capital of four thousand rupees was omitted and A B share profit equally what is net effect on B?
Class 12 · Accountancy
→If A interest on drawings of two thousand rupees was omitted and A B share profit equally what is net effect on A?
Class 12 · Accountancy
→If interest on drawings was omitted and profit was shared equally what happens in correction?
Class 12 · Accountancy
→If reserve of five thousand rupees was omitted and profit was shared equally how much will be debited to each of two partners?
Class 12 · Accountancy
→If after distributing profit it is found that reserve was omitted what will be the effect?
Class 12 · Accountancy
→Why is cash account often not affected while correcting old profit distribution error?
Class 12 · Accountancy
→When is cash account affected while making adjustment?
Class 12 · Accountancy
→If an adjustment requires debiting A by ₹2,000 and crediting B by ₹2,000, what does it mean?
Class 12 · Accountancy
→If interest on A's capital of ₹2,000 was omitted, how would A's capital balance appear?
Class 12 · Accountancy
→If interest on B's drawings of Rs.1,000 was not charged to B, how would B's balance (capital/current account) appear?
Class 12 · Accountancy
→If A was to be allowed a salary of ₹5,000 but that salary was not included in the profit distribution (Profit and Loss Appropriation), how will A's claim/entitlement appear?
Class 12 · Accountancy
→If profit of ten thousand rupees was fully given to A but it should be shared equally between A and B how much will be credited to B?
Class 12 · Accountancy
→If A and B's correct profit-sharing ratio is 1:1 but the entire profit is credited to A's account, what will be the effect on B's account?
Class 12 · Accountancy
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