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Class 12 · Accountancy
→Interest on partner loan Rs 15000 was debited to appropriation account. What is the correct accounting correction?
Class 12 · Accountancy
→A gets eight percent commission on profit after salary and before reserve. Profit is Rs 350000 and salary is Rs 70000. What is the commission?
Class 12 · Accountancy
→C's deficiency is Rs 10,000. A and B will bear it in the ratio 7:2. How much burden will fall on B?
Class 12 · Accountancy
→A B C share profits in ratio seven to two to one. C is guaranteed minimum Rs 35000. Total profit is Rs 250000. What is Cs deficiency?
Class 12 · Accountancy
→Available amount is Rs 126000. Interest on capital claim is Rs 50000 and salary claim is Rs 90000. If no order is given how much interest on capital will be allowed?
Class 12 · Accountancy
→Net profit is Rs 120000 and interest on drawings is Rs 6000. Interest on capital claim is Rs 50000 and salary claim is Rs 90000. No order is given. What is available amount?
Class 12 · Accountancy
→Profit is Rs 280000. A B C receive salaries Rs 40000 Rs 30000 Rs 20000 respectively. Remaining profit is shared in ratio four to two to three. What is Cs total claim?
Class 12 · Accountancy
→A B C share profits in ratio three to five to two. Total profit is Rs 200000. C has firm guarantee of Rs 50000. What is Bs final share?
Class 12 · Accountancy
→Partner salary of Rs 18,000 was wrongly credited to the Appropriation Account although it should have been debited. By how much will the remaining profit be overstated?
Class 12 · Accountancy
→Interest on drawings of Rs 11,000 was wrongly debited to the appropriation account. It should have been credited. By how much will distributable profit be understated?
Class 12 · Accountancy
→Total credit in appropriation account is Rs 360000. Salary is Rs 50000 interest on capital Rs 70000 and reserve Rs 40000. Remaining profit is shared by A and B in ratio five to four. What is Bs share?
Class 12 · Accountancy
→A receives a salary of Rs 42,000 and B receives a commission of 12% on the profit remaining after salary. Profit before salary is Rs 242,000. What is B's commission?
Class 12 · Accountancy
→Profit is Rs 270,000. Reserve is 10% and A's commission is 8% on the profit remaining after reserve. What is A's commission?
Class 12 · Accountancy
→A B C share profits in ratio four to four to two. B is exempted from loss. Total loss is Rs 90000 and A C will share loss in old ratio. How much will C bear?
Class 12 · Accountancy
→A receives 15% commission on profit after charging the commission. Profit before charging the commission is Rs 230000. What is the commission?
Class 12 · Accountancy
→A B C share profits in ratio six to three to one. Total profit is Rs 250000. C has firm guarantee of Rs 40000. What is As final share?
Class 12 · Accountancy
→Interest on capital Rs 45000 was deducted from net profit as expense. Actually it was appropriation. What should be done in profit distribution correction?
Class 12 · Accountancy
→Net profit is shown as Rs 180000 but interest on partner loan Rs 12000 has not yet been deducted. What is correct profit for appropriation?
Class 12 · Accountancy
→Last year profit Rs 150000 was shared in ratio two to one though correct ratio was three to two. What must A do in adjustment?
Class 12 · Accountancy
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