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Class 12 · Accountancy
→In appropriation account credit items are Rs 120000 and debit appropriation items are Rs 45000. What is distributable profit?
Class 12 · Accountancy
→A and B have equal capitals, but their profit-sharing ratio is 4:1. What is A's share of a profit of Rs 50,000?
Class 12 · Accountancy
→If in a partnership the capitals are in the ratio 2:3 but the partners have agreed to share profits equally, on what basis will the net profit be distributed?
Class 12 · Accountancy
→If last year profit was distributed in wrong ratio which account may be prepared for correction?
Class 12 · Accountancy
→If appropriation items exceed profit and there is no special condition what is the safe treatment?
Class 12 · Accountancy
→In the journal entry for distributing a loss among partners, what happens to the partners' accounts?
Class 12 · Accountancy
→In the journal entry for distributing final profit which account is debited?
Class 12 · Accountancy
→Under fluctuating capital method partners final share of profit will be credited to which account?
Class 12 · Accountancy
→Under the fixed capital method, a partner's share of profit will be credited to which account?
Class 12 · Accountancy
→If profit is insufficient and deed gives the order of appropriation items which will get priority?
Class 12 · Accountancy
→A receives a monthly salary of Rs 4,000. What will be the total salary for the year?
Class 12 · Accountancy
→A receives a commission of two percent on sales. If the sales amount is Rs 4,00,000, how much commission will A receive?
Class 12 · Accountancy
→Interest on a partner's loan is Rs 5,000. Where will it be recorded before profit distribution?
Class 12 · Accountancy
→Which is the correct difference between interest on partner loan and interest on capital?
Class 12 · Accountancy
→A, B and C share a loss in the ratio 2:2:1. If the total loss is Rs 50,000, what is C's share?
Class 12 · Accountancy
→If the firm has guaranteed minimum profit to B, from where will B's deficiency be adjusted?
Class 12 · Accountancy
→A is guaranteed minimum profit of Rs 40000 and his normal share is Rs 34000. What will be the deficiency?
Class 12 · Accountancy
→Profit is Rs 1,20,000 and a general reserve is to be created at 15%. What will be the amount of the general reserve?
Class 12 · Accountancy
→A is to receive ten percent commission on profit after charging such commission. Profit before commission is Rs 110000 what is the commission?
Class 12 · Accountancy
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