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Class 12 · Accountancy · Hard
→If a partner's personal income tax is recorded as a firm expense, what error will occur in the accounts?
Class 12 · Accountancy · Hard
→A salary is forty thousand and B salary is twenty thousand. Available profit is thirty thousand rupees and salary is payable proportionately up to available profit. How much salary will A receive?
Class 12 · Accountancy · Hard
→A B share profit equally. Net profit is forty thousand rupees. A salary is thirty thousand and B salary is thirty thousand. Salary is payable only to available profit and ratio is equal. How much salary will each receive?
Class 12 · Accountancy · Hard
→A B C profit ratio is one to two to three. A is guaranteed thirty thousand rupees and total profit is ninety thousand. Deficiency is borne by B and C in their ratio. What is B final profit?
Class 12 · Accountancy · Hard
→A B C profit ratio is one to two to three. A is guaranteed minimum thirty thousand rupees. Total profit is ninety thousand rupees. Deficiency is borne by B and C in their ratio. How much is deducted from C?
Class 12 · Accountancy · Medium
→If remaining profit after appropriations is seventy thousand rupees and A, B and C share profits in the ratio 2:2:3, what is C’s share?
Class 12 · Accountancy · Hard
→Net profit is eighty thousand rupees. Interest on capital is twenty five thousand salary is fifteen thousand and interest on drawings is five thousand. A B ratio is five to four. What is A share?
Class 12 · Accountancy · Hard
→A B profit ratio is three to two. A salary is fifteen thousand and B commission is ten thousand. After appropriations there is loss of twenty five thousand rupees. What is the net effect in A account?
Class 12 · Accountancy · Hard
→Reserve was credited in appropriation account though it should have been debited. Reserve amount is ten thousand rupees. What is total error effect on distributable profit?
Class 12 · Accountancy · Hard
→If a bonus is 20% of the remaining profit after charging the bonus, and profit before the bonus is Rs 96,000, what is the bonus?
Class 12 · Accountancy · Hard
→Net profit is one lakh twenty thousand rupees. A gets ten percent commission before charging commission and B gets twenty percent bonus on remaining profit. A commission is deducted first then B bonus. What is B bonus?
Class 12 · Accountancy · Hard
→A B profit ratio is four to one. Total profit is seventy five thousand rupees. B is guaranteed minimum twenty thousand rupees by A. What is A final profit?
Class 12 · Accountancy · Hard
→The deed guarantees A minimum total benefit of forty five thousand rupees including salary. A salary is fifteen thousand and actual share of remaining profit is twenty thousand. What is guarantee deficiency?
Class 12 · Accountancy · Medium
→A and B share profits equally. B is first allowed a fixed amount of Rs 25,000 from profit, and the remaining profit is shared equally. Total profit is Rs 65,000. What is A's share?
Class 12 · Accountancy · Hard
→A B C share profit in ratio two to three to five. C gets salary ten thousand rupees in addition to profit share. Net profit is one lakh ten thousand rupees. What is C total benefit?
Class 12 · Accountancy · Hard
→Interest on drawings was seven thousand rupees but was not added in appropriation account. What is the effect on profit distribution?
Class 12 · Accountancy · Medium
→If interest on capital of Rs 18,000 should have been debited in the Appropriation Account but was omitted, what is the effect on distributable profit?
Class 12 · Accountancy · Hard
→The deed says reserve is created first and interest on capital is allowed afterwards. Profit is fifty thousand rupees reserve is twenty thousand and total interest on capital is forty thousand. How much is available for interest on capital?
Class 12 · Accountancy · Hard
→Net profit is one lakh rupees. A first receives salary fifteen thousand rupees and then ten percent commission on remaining profit after charging commission. What is A commission?
Class 12 · Accountancy · Hard
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