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Class 12 · Accountancy
→In the appropriation account net profit of ₹260000 and interest on drawings of ₹18000 are shown on the credit side. Total debit items amount to ₹98000. The remaining profit is to be shared in the ratio 3 : 2 : 2. What is the second partner's share?
Class 12 · Accountancy
→Interest on capital for A and B is Rs 42000 and Rs 28000 respectively. Available profit is Rs 56000. How much proportionate interest will A receive?
Class 12 · Accountancy
→Cs guarantee deficiency Rs 20000 is given by the firm. What is the general effect on final shares of A and B?
Class 12 · Accountancy
→A B C share profits equally. Total profit is Rs 150000. A gets salary Rs 30000 and C has minimum guarantee Rs 60000. What is Cs deficiency?
Class 12 · Accountancy
→The deed says interest on capital will be allowed as expense before profit. If net loss is Rs 30000 and interest on capital is Rs 20000 what is the effect on total loss?
Class 12 · Accountancy
→There is loss of Rs 50000 and interest on drawings is Rs 8000. There is no other appropriation. What will be net loss to be distributed?
Class 12 · Accountancy
→There is a loss for the year, but the partnership deed clearly provides for interest on drawings. How should interest on drawings be shown in the appropriation account?
Class 12 · Accountancy
→Profit Rs 150000 was wrongly shared in ratio three to two to one whereas correct ratio was two to three to one. How much more will B receive in adjustment?
Class 12 · Accountancy
→Total profit is Rs 360000. First A gets salary Rs 50000 and B gets commission Rs 30000. Remaining profit is shared in ratio four to five to three. What is the third partners share?
Class 12 · Accountancy
→Profit is Rs 230000. As salary Rs 30000 is deducted first and B gets fifteen percent commission on remaining profit after charging commission. What will be the commission?
Class 12 · Accountancy
→Total profit is Rs 230000. First A receives a salary of Rs 30000. B is then given a 15% commission on the remaining profit. What is B's commission?
Class 12 · Accountancy
→A gets salary Rs 25000 and commission Rs 15000. Remaining profit is Rs 120000 shared by A and B in ratio three to two. What is As total claim?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2 : 5 : 3. Total profit is Rs 270,000. B also receives a salary of Rs 45,000. After paying the salary first, what is A's share?
Class 12 · Accountancy
→If the guaranteed partners normal share is more than the guaranteed amount how will deficiency be treated in profit distribution?
Class 12 · Accountancy
→A B C share profits equally. B must get minimum profit Rs 70000. Total profit is Rs 180000 and C alone will bear the deficiency. What is Cs final share?
Class 12 · Accountancy
→The deed says A will get twenty percent of total profit as management fee and remaining profit will be shared by B and C in ratio three to two. Total profit is Rs 250000. What is Cs share?
Class 12 · Accountancy
→A and B's claims for interest on capital are in the ratio 2:3. The available profit is Rs 75,000 and the total claims amount to Rs 100,000. How much will B receive?
Class 12 · Accountancy
→A B C share profits in ratio three to three to four. C received Rs 90000 including Rs 10000 guarantee deficiency. What was total profit?
Class 12 · Accountancy
→Reserve Rs 40000 was wrongly credited though it was a debit item. By how much will distributable profit be overstated?
Class 12 · Accountancy
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