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Class 12 · Accountancy
→In the Profit and Loss Appropriation Account the credit side shows net profit of Rs 200000 and interest on drawings credited Rs 12000. Total debit items are Rs 72000. The remaining profit is to be divided in the ratio 3 : 4 : 5. What is the third partner's share?
Class 12 · Accountancy
→If interest on capital for A and B is Rs 30000 and Rs 20000 respectively. Available profit is Rs 45000. How much proportionate interest will B get?
Class 12 · Accountancy
→If Cs guarantee deficiency of Rs 6667 is given by the firm how will it affect shares of A and B?
Class 12 · Accountancy
→A B C share profits equally. Total profit is Rs 90000. A gets salary Rs 20000 and C has minimum profit guarantee of Rs 30000. What is Cs deficiency?
Class 12 · Accountancy
→If the deed clearly says interest on capital will be allowed as expense before profit what will be its treatment in loss year?
Class 12 · Accountancy
→If interest on capital is in the deed but there is a loss in the year and no special expense clause exists, what is the correct treatment?
Class 12 · Accountancy
→If interest on drawings is in the deed but a partner refuses due to loss year. What is the correct accounting view?
Class 12 · Accountancy
→If profit Rs 90000 was wrongly shared in ratio two to two to one among A B C whereas correct ratio was one to two to two. How much must A return?
Class 12 · Accountancy
→If total profit is Rs 240000 and first A gets salary Rs 30000 B gets commission Rs 20000 then remaining profit is shared in ratio two to three to one. What is Cs share?
Class 12 · Accountancy
→If profit is Rs 180000 and B gets ten percent commission on remaining profit after charging commission after As salary Rs 20000 is first deducted. What is commission?
Class 12 · Accountancy
→If total profit is Rs 180,000 and A first receives a salary of Rs 20,000, then B receives a commission equal to 10% of the remaining profit. What is B's commission?
Class 12 · Accountancy
→If A receives salary Rs 30000 and commission Rs 12000 and remaining profit is Rs 90000. A and B share remaining profit in ratio two to one. What is As total claim?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:2:1. Total profit is Rs 210000. A is paid a salary of Rs 30000 before profit distribution. What is B's final share?
Class 12 · Accountancy
→If the firm guarantees A a minimum profit of Rs 50,000 and A's normal share is Rs 55,000, what will be the effect of the guarantee?
Class 12 · Accountancy
→A B C share profits equally. C must get minimum profit of Rs 50000. Total profit is Rs 120000 and A alone will bear deficiency. What is As final share?
Class 12 · Accountancy
→If the deed says A will get one fourth of total profit in lieu of salary and the balance will be shared equally by B and C. Total profit is Rs 160000. What is Bs share?
Class 12 · Accountancy
→A and B have claims on interest on capital in the ratio 4 : 1. Available profit is Rs 50,000 and the total claim amount is Rs 75,000. How much will A receive?
Class 12 · Accountancy
→A B C share profits in ratio two to three to five. If C received Rs 110000 including Rs 10000 guarantee deficiency what was total profit?
Class 12 · Accountancy
→Reserve Rs 25000 was wrongly credited to appropriation account though it should be debited. By how much will distributable profit be overstated?
Class 12 · Accountancy
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