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Class 12 · Accountancy
→If the deed gives profit ratio as two to two to one but no separate loss ratio how will losses be distributed?
Class 12 · Accountancy
→If the firm incurred a loss of Rs 50,000 and the deed specifies the loss-sharing ratio as 2 : 3 (A : B), how much will be debited to B's account?
Class 12 · Accountancy
→Interest on capital claimed by A = Rs 10000, B = Rs 15000 and C = Rs 25000. If the available profit is Rs 40000, how much will C receive?
Class 12 · Accountancy
→If interest on capital is Rs 40,000 and available profit is Rs 30,000, while A and B have equal interest claims, how much will A receive?
Class 12 · Accountancy
→Total profit is Rs 1,20,000. A reserve of Rs 24,000 is created first. The remaining profit is to be shared between A and B in the ratio 1:2. What is B's share?
Class 12 · Accountancy
→The total profit is Rs 160,000 and a general reserve of 20% of profit is to be created. How much will be set aside as general reserve before distribution?
Class 12 · Accountancy
→A is to receive five percent commission on profit after charging such commission. Profit before commission is Rs 210000 what is the commission?
Class 12 · Accountancy
→A is to receive five percent commission on profit before charging commission. If profit is Rs 220000 what is the commission?
Class 12 · Accountancy
→A first gets commission of Rs 14000 and remaining profit is shared by A and B in ratio two to three. If total profit is Rs 89000 what is Bs share?
Class 12 · Accountancy
→A gets salary of Rs 18000 and two fifths share in remaining profit. If profit before salary is Rs 98000 what is As total share?
Class 12 · Accountancy
→The deed states profits are to be appropriated in this order: partners' salary first, interest on capital next, and then the remaining profit distributed among partners. According to this clause, which item will be deducted first?
Class 12 · Accountancy
→Interest on drawings given is Rs 2,300 for A and Rs 1,700 for B. What will be the total credit in the Profit and Loss Appropriation Account?
Class 12 · Accountancy
→In Profit and Loss Appropriation Account interest on capital is Rs 36000 and partner commission is Rs 12000. What is total debit appropriation?
Class 12 · Accountancy
→If net profit is Rs 140000 interest on capital is Rs 28000 salary is Rs 18000 and interest on drawings is Rs 4000 what will be remaining profit?
Class 12 · Accountancy
→A, B and C share profits in the ratio 1:4:5. The remaining profit is Rs 1,50,000. What is B's share?
Class 12 · Accountancy
→A and B share profits in the ratio 5:3. If the distributable profit is Rs 96,000, what is A's share?
Class 12 · Accountancy
→If a question gives both profit ratio and guarantee why is normal profit share calculated first?
Class 12 · Accountancy
→In a profit distribution question what is the most useful check before final answer?
Class 12 · Accountancy
→If partners accounts are debited and appropriation account is credited what entry may this indicate?
Class 12 · Accountancy
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