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Class 12 · Accountancy · Expert
→If a partner's normal share of profit is Rs 85,000 and he has a guarantee of Rs 80,000, what deficiency (if any) will be recognized?
Class 12 · Accountancy · Expert
→A B C share profits equally. A must get minimum profit Rs 100000. Total profit is Rs 240000 and B alone will bear the deficiency. What is Bs final share?
Class 12 · Accountancy · Expert
→The deed says A will get fifteen percent of total profit as management fee and remaining profit will be shared by B and C in ratio four to three. Total profit is Rs 420000. What is Cs share?
Class 12 · Accountancy · Expert
→A and B's interest-on-capital claims are in the ratio 5:7. The available profit is Rs 96,000 and the total claim is Rs 1,20,000. How much will A receive?
Class 12 · Accountancy · Expert
→A B C share profits in ratio two to four to six. C received Rs 130000 including Rs 10000 guarantee deficiency. What was total profit?
Class 12 · Accountancy · Expert
→Reserve Rs 60000 was wrongly credited though it was a debit item. By how much will distributable profit be overstated?
Class 12 · Accountancy · Expert
→A and B shared profit Rs 150000 equally. Later it was found that A should first get salary Rs 30000 and remaining profit should be shared in ratio two to three. What happens to A in correction?
Class 12 · Accountancy · Expert
→Interest on partner loan Rs 22000 was debited to appropriation account. What is the correct correction?
Class 12 · Accountancy · Expert
→A gets six percent commission on profit after salary and before reserve. Profit is Rs 480000 and salary is Rs 80000. What is the commission?
Class 12 · Accountancy · Expert
→C's deficiency is Rs 18,000. A and B will bear it in the ratio 9:2. How much burden will fall on A?
Class 12 · Accountancy · Expert
→A B C share profits in ratio nine to two to one. C is guaranteed minimum Rs 48000. Total profit is Rs 360000. What is Cs deficiency?
Class 12 · Accountancy · Expert
→Available amount is Rs 170000. Interest on capital claim is Rs 70000 and salary claim is Rs 120000. If no order is given how much salary will be allowed?
Class 12 · Accountancy · Expert
→Net profit is Rs 160000 and interest on drawings is Rs 10000. Interest on capital claim is Rs 70000 and salary claim is Rs 120000. No order is given. What is the available amount?
Class 12 · Accountancy · Expert
→Profit is Rs 450000. A B C receive salaries Rs 70000 Rs 50000 and Rs 30000 respectively. Remaining profit is shared in ratio three to four to five. What is Cs total claim?
Class 12 · Accountancy · Expert
→A B C share profits in ratio four to six to five. Total profit is Rs 300000. C has firm guarantee of Rs 110000. What is Bs final share?
Class 12 · Accountancy · Expert
→Partner salary Rs 32000 was wrongly credited to appropriation account though it should be debited. What is the effect on remaining profit?
Class 12 · Accountancy · Expert
→Interest on drawings Rs 14000 was wrongly debited to appropriation account. Correctly it should be credited. By how much will distributable profit be understated?
Class 12 · Accountancy · Expert
→Total credit in appropriation account is Rs 510000. Salary is Rs 80000 interest on capital Rs 90000 and reserve Rs 50000. Remaining profit is shared by A and B in ratio six to five. What is As share?
Class 12 · Accountancy · Expert
→A receives a salary of Rs 60,000 and B is paid a 16% commission on the profit remaining after this salary is deducted. Profit before salary is Rs 410,000. What is B's commission?
Class 12 · Accountancy · Expert
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