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Class 12 · Accountancy
→A B C share profit in ratio five to three to two. B is guaranteed seventy thousand rupees. Total profit is two lakh fifty thousand rupees. Will there be any deficiency?
Class 12 · Accountancy
→A is guaranteed minimum total benefit of sixty thousand rupees including salary. A salary is twenty thousand and share of remaining profit is thirty thousand. What is deficiency?
Class 12 · Accountancy
→Interest on capital twenty thousand rupees should have been debited but was wrongly credited. Compared with correct position how much higher will available profit appear?
Class 12 · Accountancy
→Interest on drawings twelve thousand rupees should have been credited but was wrongly debited. Compared with correct position how will available profit appear?
Class 12 · Accountancy
→Interest on partner loan was already deducted while calculating net profit. Still it was debited in appropriation account by fifteen thousand rupees. What is the effect on distributable profit?
Class 12 · Accountancy
→The deed says reserve of thirty five thousand rupees must be created first and then interest on capital is allowed. Profit is one lakh rupees and total interest on capital is eighty thousand rupees. What amount is available for interest on capital?
Class 12 · Accountancy
→Sales of first period are three lakh and sales of second period are five lakh. Total profit is one lakh sixty thousand rupees. What profit will be considered for second period?
Class 12 · Accountancy
→For first four months ratio was one to two and for next eight months ratio was three to two. Annual profit one lakh eighty thousand rupees accrued evenly. What is correct total profit of A?
Class 12 · Accountancy
→For first four months profit ratio was one to two and for next eight months it became three to two. Annual profit one lakh eighty thousand rupees is assumed earned evenly. What is total profit of A?
Class 12 · Accountancy
→The deed says partner salary is payable irrespective of profit or loss. Profit before salary is twelve thousand rupees and salary is thirty five thousand rupees. What will be the result after salary?
Class 12 · Accountancy
→The deed says interest on capital is payable only if profit is available. Available profit is seventy two thousand rupees and interest on capital for A and B is fifty thousand and forty thousand rupees respectively. How much interest will A get?
Class 12 · Accountancy
→A B C share profit in ratio two to five to three. A is guaranteed minimum fifty thousand rupees. Total profit is two lakh rupees. Deficiency is borne by B and C in their ratio. What is the correct deduction from C?
Class 12 · Accountancy
→A B C share profit in ratio two to five to three. A is guaranteed minimum fifty thousand rupees. Total profit is two lakh rupees. Deficiency is borne by B and C in their ratio. How much is deducted from C?
Class 12 · Accountancy
→B is to receive eighteen percent commission on profit before charging commission. Profit before commission is two lakh rupees. What is B commission?
Class 12 · Accountancy
→A receives twenty five percent commission on profit after charging commission. Profit before commission is one lakh twenty five thousand rupees. What is A commission?
Class 12 · Accountancy
→Net profit is three lakh rupees. Interest on drawings is fifteen thousand rupees. Total partner salary is fifty thousand rupees interest on capital is twenty five thousand rupees and reserve is forty thousand rupees. A B C ratio is four to three to three. What is C share of remaining profit?
Class 12 · Accountancy
→In a complex profit distribution question involving guarantee salary reserve and interest what is the safest final check?
Class 12 · Accountancy
→If A received Rs 48,000 under the old ratio but should have received Rs 60,000 under the new (correct) ratio, what will be the adjustment entry in A's account?
Class 12 · Accountancy
→If profit ratio has changed but remaining profit was distributed in old ratio what will be the basis of correction?
Class 12 · Accountancy
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