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Class 12 · Accountancy
→Total credit in appropriation account is Rs 510000. Salary is Rs 80000 interest on capital Rs 90000 and reserve Rs 50000. Remaining profit is shared by A and B in ratio six to five. What is As share?
Class 12 · Accountancy
→A receives a salary of Rs 60,000 and B is paid a 16% commission on the profit remaining after this salary is deducted. Profit before salary is Rs 410,000. What is B's commission?
Class 12 · Accountancy
→Total profit is Rs 360000. Reserve is 12% and partner A's commission is 7% on the profit remaining after reserve is deducted. What is the commission?
Class 12 · Accountancy
→A B C share profits in ratio five to five to two. A is exempted from loss. Total loss is Rs 120000 and B C will share loss in old ratio. How much will B bear?
Class 12 · Accountancy
→A gets eighteen percent commission on profit after charging such commission. Profit before commission is Rs 295000. What is the commission?
Class 12 · Accountancy
→A B C share profits in ratio eight to three to one. Total profit is Rs 360000. C has firm guarantee of Rs 50000. What is As final share?
Class 12 · Accountancy
→Interest on capital Rs 55000 was deducted from net profit as expense. Actually it was appropriation. What should be done in correction?
Class 12 · Accountancy
→Net profit is shown as Rs 250000 but interest on partner loan Rs 18000 has not yet been deducted. What is correct profit for appropriation?
Class 12 · Accountancy
→Last year profit Rs 240000 was shared in ratio three to two though correct ratio was four to three. What must A do in adjustment?
Class 12 · Accountancy
→The deed states that first 30% of the total profit is to be transferred to reserve and then A is to be paid 8% commission on the remaining profit. If the total profit is Rs 5,00,000, what is A's commission?
Class 12 · Accountancy
→A gets two and a half percent commission on sales and one fourth share in remaining profit. Sales are Rs 960000 and profit before commission is Rs 324000. What is As total claim?
Class 12 · Accountancy
→Interest on capital claims are A Rs 32000 B Rs 48000 and C Rs 40000. Available profit is Rs 75000. How much interest will B receive?
Class 12 · Accountancy
→A, B and C share profits in the ratio 7 : 5 : 2. C's deficiency is Rs 21,000 which will be borne only by A and B in their profit ratio (7 : 5). How much will B bear?
Class 12 · Accountancy
→A B C share profits in ratio five to four to three. A guarantees C a minimum profit of Rs 90000. Total profit is Rs 300000. What will be As final profit?
Class 12 · Accountancy
→A gets salary Rs 54000 and fifteen percent commission on profit after charging such commission after salary. Profit before salary is Rs 390000. What is the commission?
Class 12 · Accountancy
→Net profit is Rs 420000. Interest on drawings is Rs 18000. Interest on capital is Rs 75000 salary is Rs 60000 reserve is Rs 45000 and commission is Rs 24000. What will be the remaining distributable profit?
Class 12 · Accountancy
→In complex profit distribution with guarantee deficiency proportionate interest and past year correction together what is the safest check?
Class 12 · Accountancy
→A was paid Rs 72,000 under the old profit-sharing ratio, while his correct share is Rs 64,000. How should A's account be treated in the adjustment entry?
Class 12 · Accountancy
→Profit ratio changed and Rs 180000 profit was distributed in old ratio two to one. New correct ratio is five to four. What happens to B in correction?
Class 12 · Accountancy
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