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Class 12 · Accountancy · Expert
→A B C share profits in ratio three to two to one. A guarantees C a minimum profit of Rs 40000. Total profit is Rs 180000. What will be As final profit?
Class 12 · Accountancy · Hard
→A receives a salary of Rs 24,000 and a commission of 10% on profit after charging such commission. Profit before salary is Rs 134,000. What is A's commission?
Class 12 · Accountancy · Expert
→Net profit is Rs 220000. Interest on capital is Rs 40000 salary is Rs 30000 reserve is Rs 20000 and interest on drawings is Rs 10000. What will be the remaining distributable profit?
Class 12 · Accountancy · Hard
→In a hard profit distribution question involving commission salary interest reserve and guarantee what check is most important before final answer?
Class 12 · Accountancy · Hard
→If A and C equally bear B guarantee deficiency what happens in A and C accounts?
Class 12 · Accountancy · Hard
→If B has a guarantee and the deficiency is to be made good equally by A and C how will deficiency be shown in B account?
Class 12 · Accountancy · Hard
→Net profit is Rs 100,000. A's salary is Rs 20,000, B's commission is Rs 10,000, interest on drawings is Rs 5,000, and a reserve of Rs 15,000 is created. What is the remaining profit?
Class 12 · Accountancy · Hard
→If A is allowed share only in profits and exempted from losses what happens to A account when there is loss in the year?
Class 12 · Accountancy · Hard
→The deed says A will first receive interest on capital and will not share remaining profit. What type of arrangement is this for A?
Class 12 · Accountancy · Hard
→A B share profit in ratio two to one. Net profit is ninety thousand rupees. First A gets ten percent bonus out of profit and then remaining profit is shared. What is B share?
Class 12 · Accountancy · Hard
→If guarantee deficiency is deducted from guaranteeing partners profit why does total profit in appropriation not change?
Class 12 · Accountancy · Hard
→A B C profit ratio is three to three to four. Total profit is one lakh rupees. C is guaranteed minimum fifty thousand and A alone bears deficiency. What is A final profit?
Class 12 · Accountancy · Hard
→In profit distribution if drawings are treated as expense and deducted from profit and interest on drawings is not charged separately what is the main error?
Class 12 · Accountancy · Hard
→Sales of first period are two lakh and sales of second period are three lakh. Total profit is one lakh rupees. What profit will be considered for second period?
Class 12 · Accountancy · Hard
→If profit ratio changed during the year but profit was not earned evenly and must be divided on sales basis what should be done?
Class 12 · Accountancy · Hard
→A B profit ratio is five to four. Net profit is ninety thousand rupees and A gets ten percent bonus on remaining profit before bonus. What is B share after bonus?
Class 12 · Accountancy · Hard
→A B C share profit in ratio three to two to five. Net profit is two lakh rupees. C gets ten percent commission first. What is A profit share after commission?
Class 12 · Accountancy · Hard
→Net profit is Rs 25,000. A's salary is Rs 40,000 and the deed says the salary is fully payable. A and B share profits in the ratio 2:3. What is B's share of the loss?
Class 12 · Accountancy · Medium
→If, after allowing A's salary, the remaining profit becomes negative, what is the negative balance treated as?
Class 12 · Accountancy · Medium
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