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Class 12 · Accountancy
→What is the purpose of Profit and Loss Appropriation Account?
Class 12 · Accountancy
→What is interest on drawings for the firm?
Class 12 · Accountancy
→When is interest on partners' capital allowed in a partnership?
Class 12 · Accountancy
→In which account is the salary paid to partners shown before the distribution of profits?
Class 12 · Accountancy
→If the partnership deed does not provide profit sharing ratio how will profit be distributed?
Class 12 · Accountancy
→What is the main basis of profit distribution in partnership?
Class 12 · Accountancy
→In an expert level capital accounts question what is the strongest control check?
Class 12 · Accountancy
→If current accounts must be closed before adjusting partners capitals in profit ratio what should be done first?
Class 12 · Accountancy
→If partner salary is due but not paid in cash what is the correct effect in capital or current account?
Class 12 · Accountancy
→If partner salary is paid in cash and also credited to current account what is the problem?
Class 12 · Accountancy
→If firm returned capital of Rs 50000 to a partner but treated it as drawings and debited current account which account needs correction?
Class 12 · Accountancy
→If credit for asset brought by partner should have been Rs 45000 but was recorded as Rs 54000 by how much is capital overstated?
Class 12 · Accountancy
→As capital remained Rs 60000 for three months Rs 90000 for six months and Rs 120000 for three months. What is average capital?
Class 12 · Accountancy
→If As average capital is Rs 90000 and interest on capital rate is eleven percent what is the interest?
Class 12 · Accountancy
→If credit items in a partners account are Rs 75000 and closing balance is Rs 13000 debit what were total debit items?
Class 12 · Accountancy
→If debit items in a partners account are Rs 42000 and closing balance is Rs 9000 credit what were total credit items?
Class 12 · Accountancy
→If total credit items in a partner's account are Rs 56,000 and total debit items are Rs 63,000, what will be the closing balance?
Class 12 · Accountancy
→If a partner purchased a computer for the firm and paid by personal card what will happen in his account?
Class 12 · Accountancy
→If the firm purchased private investments for a partner and paid from firm bank what will happen in capital accounts?
Class 12 · Accountancy
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