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Class 12 · Accountancy · Medium
→If bonus payable to partner is Rs 8000 what will happen in appropriation account and partner account respectively?
Class 12 · Accountancy · Medium
→If As profit share is Rs 24000 and loss adjustment is Rs 6000 what will be the net effect in As account?
Class 12 · Accountancy · Medium
→If return of capital Rs 25000 is wrongly treated as drawings under fixed capital method which account is wrongly affected?
Class 12 · Accountancy · Medium
→If a partner brings a machine of Rs 40000 into the firm as capital which account will be credited?
Class 12 · Accountancy · Medium
→If the firm paid A's personal income-tax liability of ₹13,000, how should this be accounted for in the books of the firm?
Class 12 · Accountancy · Medium
→If A withdrew Rs 20000 and later deposited back Rs 5000 in the firm what will be net drawings?
Class 12 · Accountancy · Medium
→If interest on capital Rs 3000 is credited to appropriation account though it should be debited what is the effect on remaining profit?
Class 12 · Accountancy · Medium
→If interest on drawings Rs 2000 is debited to appropriation account though it should be credited what is the effect on distributable profit?
Class 12 · Accountancy · Medium
→If general reserve Rs 5000 is omitted how will profit distributed among partners appear?
Class 12 · Accountancy · Medium
→If partner salary Rs 11000 is omitted how will remaining profit appear?
Class 12 · Accountancy · Medium
→If interest on drawings Rs 900 is omitted how will partners balance appear?
Class 12 · Accountancy · Medium
→If interest on capital Rs 7000 is debited to partners account though it should be credited what is the effect?
Class 12 · Accountancy · Medium
→If drawings Rs 12000 are wrongly credited under fluctuating capital method what is the effect on capital balance?
Class 12 · Accountancy · Medium
→Under fluctuating capital method opening capital is Rs 90000 profit share Rs 25000 salary Rs 10000 and drawings Rs 18000. What is closing capital?
Class 12 · Accountancy · Medium
→If Bs current account has opening debit Rs 2000 commission Rs 6500 and interest on drawings Rs 500 what is closing balance?
Class 12 · Accountancy · Easy
→If A’s current account has an opening credit of Rs 4,000, salary of Rs 8,000 and drawings of Rs 15,000, what is the closing balance?
Class 12 · Accountancy · Medium
→B invested Rs 70000 capital at the beginning and withdrew Rs 30000 after six months. What is interest on capital at ten percent?
Class 12 · Accountancy · Medium
→A invested Rs 50000 capital at the beginning and added Rs 20000 after four months. What is interest on capital at ten percent?
Class 12 · Accountancy · Medium
→Equal quarterly drawings of Rs 5000 are made at the end of each quarter and rate is eight percent. What is interest on drawings?
Class 12 · Accountancy · Medium
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