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Class 12 · Accountancy

The remaining profit is to be shared by A and B in the ratio 4:5. If the total remaining profit is ₹90,000, what is A's share?

Class 12 · Accountancy

If A B C ratio is two to four to six what is the simplified ratio?

Class 12 · Accountancy

If A B ratio is eight to two what is the simplified ratio?

Class 12 · Accountancy

If the final result is a loss, how will it be recorded in the partners' accounts?

Class 12 · Accountancy

When the remaining profit is distributed among partners, what effect occurs in the partners' accounts?

Class 12 · Accountancy

If interest on capital is credited to a partner's account, what is the reason for this?

Class 12 · Accountancy

If interest on drawings is debited to partner account what is the reason?

Class 12 · Accountancy

Which item is debited in Profit and Loss Appropriation Account?

Class 12 · Accountancy

Which item is credited in Profit and Loss Appropriation Account?

Class 12 · Accountancy

If a partner gives loan to the firm how is interest on that loan treated?

Class 12 · Accountancy

In profit distribution what is the nature of both interest on capital and partner salary?

Class 12 · Accountancy

A, B and C share profit in the ratio 3:4:5. If total profit is ₹24,000, what is B's share?

Class 12 · Accountancy

If A and B share profits in the ratio 2:7 and the total profit is ₹9,000, what is A's share?

Class 12 · Accountancy

If net profit is fifty thousand rupees interest on drawings is two thousand rupees and interest on capital is seven thousand rupees what is remaining profit?

Class 12 · Accountancy

If A actual profit share is twenty five thousand rupees and guarantee is twenty thousand rupees what is the deficiency?

Class 12 · Accountancy

If guarantee deficiency is two thousand rupees and B gave the guarantee whose profit will be reduced?

Class 12 · Accountancy

If A has minimum profit guarantee of twenty thousand rupees and actual share is seventeen thousand rupees what is deficiency?

Class 12 · Accountancy

What is the effect of creating reserve on partners immediate profit share?

Class 12 · Accountancy

If total profit is ₹80,000 and the reserve fund is ₹16,000, what is the distributable profit?

Class 12 · Accountancy

If fifteen percent of profit is to be transferred to reserve and profit is forty thousand rupees what is reserve amount?