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Class 12 · Accountancy · Medium
→Net profit is Rs 150000. Interest on capital is Rs 35000 and reserve is Rs 25000. What is remaining profit?
Class 12 · Accountancy · Medium
→Net profit is Rs 130000. Interest on drawings is Rs 6000 and partner salary is Rs 36000. What will be distributable profit?
Class 12 · Accountancy · Medium
→The deed provides interest on capital but available profit is only Rs 18000 and interest claim is Rs 24000. How much interest is generally allowed?
Class 12 · Accountancy · Medium
→If the deed has no provision for partner bonus how will bonus be adjusted?
Class 12 · Accountancy · Medium
→Bs drawings are Rs 30000 and interest on drawings is Rs 2100. What total debit will appear in Bs account?
Class 12 · Accountancy · Medium
→Commission of Rs 7,000 and bonus of Rs 5,500 are payable to A. What total credit will appear in A's account?
Class 12 · Accountancy · Medium
→Under fluctuating capital method partner salary will be credited to which account?
Class 12 · Accountancy · Easy
→Under the fixed capital method, drawings of a partner are debited to which account?
Class 12 · Accountancy · Medium
→A withdrew Rs 24000 at the end of September and the year ends in March. What is interest on drawings at twelve percent?
Class 12 · Accountancy · Medium
→B withdrew Rs 30000 at the beginning of April and the accounting year ends in March. What is interest on drawings at ten percent?
Class 12 · Accountancy · Medium
→As capital is Rs 90000 and interest on capital rate is twelve percent. What will be the interest amount?
Class 12 · Accountancy · Medium
→The firm paid Rs 12,000 as partner B's personal school fees. What will be the effect on B's account?
Class 12 · Accountancy · Medium
→A paid advertisement expense of Rs 15000 for the firm from personal account. What is the correct adjustment in As account?
Class 12 · Accountancy · Medium
→In an adjustment question what is the safest check before final answer?
Class 12 · Accountancy · Easy
→In an adjustment entry, if something is payable to a partner, what will generally happen to his account?
Class 12 · Accountancy · Medium
→If interest on capital is debited in Profit and Loss Appropriation Account how does it affect remaining profit?
Class 12 · Accountancy · Medium
→If interest on drawings is credited in the Profit and Loss Appropriation Account, how does it affect remaining profit?
Class 12 · Accountancy · Medium
→If remaining loss is Rs 36000 and A B C share loss in ratio two to one to three what is Cs share?
Class 12 · Accountancy · Easy
→If deed is silent and partners' capitals are unequal, on what basis will remaining profit be shared?
Class 12 · Accountancy · Medium
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