Search questions
Choose which content to search, then combine terms with AND or OR.
Class 12 · Accountancy · Hard
→Interest on drawings twelve thousand rupees should have been credited but was wrongly debited. Compared with correct position how will available profit appear?
Class 12 · Accountancy · Hard
→Interest on partner loan was already deducted while calculating net profit. Still it was debited in appropriation account by fifteen thousand rupees. What is the effect on distributable profit?
Class 12 · Accountancy · Hard
→The deed says reserve of thirty five thousand rupees must be created first and then interest on capital is allowed. Profit is one lakh rupees and total interest on capital is eighty thousand rupees. What amount is available for interest on capital?
Class 12 · Accountancy · Hard
→Sales of first period are three lakh and sales of second period are five lakh. Total profit is one lakh sixty thousand rupees. What profit will be considered for second period?
Class 12 · Accountancy · Hard
→For first four months ratio was one to two and for next eight months ratio was three to two. Annual profit one lakh eighty thousand rupees accrued evenly. What is correct total profit of A?
Class 12 · Accountancy · Hard
→For first four months profit ratio was one to two and for next eight months it became three to two. Annual profit one lakh eighty thousand rupees is assumed earned evenly. What is total profit of A?
Class 12 · Accountancy · Hard
→The deed says partner salary is payable irrespective of profit or loss. Profit before salary is twelve thousand rupees and salary is thirty five thousand rupees. What will be the result after salary?
Class 12 · Accountancy · Hard
→The deed says interest on capital is payable only if profit is available. Available profit is seventy two thousand rupees and interest on capital for A and B is fifty thousand and forty thousand rupees respectively. How much interest will A get?
Class 12 · Accountancy · Hard
→A B C share profit in ratio two to five to three. A is guaranteed minimum fifty thousand rupees. Total profit is two lakh rupees. Deficiency is borne by B and C in their ratio. What is the correct deduction from C?
Class 12 · Accountancy · Hard
→A B C share profit in ratio two to five to three. A is guaranteed minimum fifty thousand rupees. Total profit is two lakh rupees. Deficiency is borne by B and C in their ratio. How much is deducted from C?
Class 12 · Accountancy · Hard
→B is to receive eighteen percent commission on profit before charging commission. Profit before commission is two lakh rupees. What is B commission?
Class 12 · Accountancy · Hard
→A receives twenty five percent commission on profit after charging commission. Profit before commission is one lakh twenty five thousand rupees. What is A commission?
Class 12 · Accountancy · Hard
→Net profit is three lakh rupees. Interest on drawings is fifteen thousand rupees. Total partner salary is fifty thousand rupees interest on capital is twenty five thousand rupees and reserve is forty thousand rupees. A B C ratio is four to three to three. What is C share of remaining profit?
Class 12 · Accountancy · Expert
→In a complex profit distribution question involving guarantee salary reserve and interest what is the safest final check?
Class 12 · Accountancy · Expert
→If A received Rs 48,000 under the old ratio but should have received Rs 60,000 under the new (correct) ratio, what will be the adjustment entry in A's account?
Class 12 · Accountancy · Expert
→If profit ratio has changed but remaining profit was distributed in old ratio what will be the basis of correction?
Class 12 · Accountancy · Expert
→If debit and credit totals of appropriation account are not equal after distributing final profit what is the most likely reason?
Class 12 · Accountancy · Expert
→In the Profit and Loss Appropriation Account the credit side shows net profit of Rs 200000 and interest on drawings credited Rs 12000. Total debit items are Rs 72000. The remaining profit is to be divided in the ratio 3 : 4 : 5. What is the third partner's share?
Class 12 · Accountancy · Expert
→If interest on capital for A and B is Rs 30000 and Rs 20000 respectively. Available profit is Rs 45000. How much proportionate interest will B get?
Class 12 · Accountancy · Expert
→