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Class 12 · Accountancy
→A B C share profits equally. Total profit is Rs 90000. A gets salary Rs 20000 and C has minimum profit guarantee of Rs 30000. What is Cs deficiency?
Class 12 · Accountancy
→If the deed clearly says interest on capital will be allowed as expense before profit what will be its treatment in loss year?
Class 12 · Accountancy
→If interest on capital is in the deed but there is a loss in the year and no special expense clause exists, what is the correct treatment?
Class 12 · Accountancy
→If interest on drawings is in the deed but a partner refuses due to loss year. What is the correct accounting view?
Class 12 · Accountancy
→If profit Rs 90000 was wrongly shared in ratio two to two to one among A B C whereas correct ratio was one to two to two. How much must A return?
Class 12 · Accountancy
→If total profit is Rs 240000 and first A gets salary Rs 30000 B gets commission Rs 20000 then remaining profit is shared in ratio two to three to one. What is Cs share?
Class 12 · Accountancy
→If profit is Rs 180000 and B gets ten percent commission on remaining profit after charging commission after As salary Rs 20000 is first deducted. What is commission?
Class 12 · Accountancy
→If total profit is Rs 180,000 and A first receives a salary of Rs 20,000, then B receives a commission equal to 10% of the remaining profit. What is B's commission?
Class 12 · Accountancy
→If A receives salary Rs 30000 and commission Rs 12000 and remaining profit is Rs 90000. A and B share remaining profit in ratio two to one. What is As total claim?
Class 12 · Accountancy
→A, B and C share profits in the ratio 3:2:1. Total profit is Rs 210000. A is paid a salary of Rs 30000 before profit distribution. What is B's final share?
Class 12 · Accountancy
→If the firm guarantees A a minimum profit of Rs 50,000 and A's normal share is Rs 55,000, what will be the effect of the guarantee?
Class 12 · Accountancy
→A B C share profits equally. C must get minimum profit of Rs 50000. Total profit is Rs 120000 and A alone will bear deficiency. What is As final share?
Class 12 · Accountancy
→If the deed says A will get one fourth of total profit in lieu of salary and the balance will be shared equally by B and C. Total profit is Rs 160000. What is Bs share?
Class 12 · Accountancy
→A and B have claims on interest on capital in the ratio 4 : 1. Available profit is Rs 50,000 and the total claim amount is Rs 75,000. How much will A receive?
Class 12 · Accountancy
→A B C share profits in ratio two to three to five. If C received Rs 110000 including Rs 10000 guarantee deficiency what was total profit?
Class 12 · Accountancy
→Reserve Rs 25000 was wrongly credited to appropriation account though it should be debited. By how much will distributable profit be overstated?
Class 12 · Accountancy
→A and B shared profit Rs 72000 equally. Later it was found that A should first get salary Rs 12000 and remaining profit should be shared equally. How much more will A get in correction?
Class 12 · Accountancy
→If interest on loan Rs 9000 has been debited to appropriation account in profit distribution what is the correct correction?
Class 12 · Accountancy
→A receives a commission of 10% on profit after deducting salary and before creating reserves. Total profit is Rs 250,000 and salary is Rs 50,000. What is A's commission?
Class 12 · Accountancy
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