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Class 12 · Accountancy

By whom is deficiency of guarantee generally made good?

Class 12 · Accountancy

If guaranteed partners actual share is twenty thousand rupees and guarantee is eighteen thousand rupees how much will he get?

Class 12 · Accountancy

If A has minimum profit guarantee of fifteen thousand rupees and actual share is twelve thousand rupees what is the deficiency?

Class 12 · Accountancy

When profits are distributed, how is a partner's share of profit shown in the partner's account?

Class 12 · Accountancy

How is a loss shown in partners' accounts at the time of profit distribution?

Class 12 · Accountancy

If loss is thirty four thousand rupees and A B loss ratio is two to three what is A share?

Class 12 · Accountancy

If deed is silent and capitals are unequal on what basis will profit be shared?

Class 12 · Accountancy

If the partnership deed is silent, what is the rule regarding partners' salaries?

Class 12 · Accountancy

If the partnership deed is silent, are partners entitled to receive interest on their capital?

Class 12 · Accountancy

If A, B and C share profits in the ratio 2:3:5 and the total profit is ₹1,00,000, what is B's share?

Class 12 · Accountancy

A and B share profit in the ratio 3:5. If the remaining profit is ₹64,000, what is A's share?

Class 12 · Accountancy

If profit is one lakh rupees and ten percent is transferred to reserve what is distributable profit?

Class 12 · Accountancy

What is the effect of creating reserve in partners profit distribution?

Class 12 · Accountancy

If A is to receive interest on capital of Rs 4,000 and salary of Rs 6,000, what is the total appropriation before distribution?

Class 12 · Accountancy

If the partnership deed provides an annual salary of ₹18,000 to A, what entry will appear in the Profit and Loss Appropriation Account?

Class 12 · Accountancy

If interest on capital is ₹8,000 and profit is ₹45,000, what profit remains after providing interest?

Class 12 · Accountancy

If net profit is seventy five thousand rupees and interest on drawings is five thousand rupees what is available profit?

Class 12 · Accountancy

If the net profit is ₹80,000 and a partner is paid a salary of ₹20,000, what is the remaining profit available for distribution?

Class 12 · Accountancy

From whom is interest on drawings recovered?

Class 12 · Accountancy

In profit distribution interest on capital is beneficial to whom?