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Class 12 · Accountancy · Hard
→A and B share profits equally. Total profit is ₹60,000. A is paid a salary of ₹10,000 and B receives a commission equal to 10% of the profit after deducting the salary. What is the amount of B's commission?
Class 12 · Accountancy · Hard
→A B profit ratio is three to five. Net profit is sixty four thousand rupees. Interest on drawings is four thousand rupees and reserve is eight thousand rupees. What is B profit share?
Class 12 · Accountancy · Hard
→If net profit and interest on drawings both are credited in appropriation account what is the correct difference between them?
Class 12 · Accountancy · Hard
→A B C share profit in ratio two to two to one. C gets salary fifteen thousand rupees and then share in remaining profit. Net profit is fifty thousand rupees. What is C total benefit?
Class 12 · Accountancy · Hard
→A B share profit in ratio three to two. A is guaranteed minimum thirty thousand rupees by B. Total profit is forty thousand rupees. What is B final profit?
Class 12 · Accountancy · Hard
→If reserve is created after partners profit share though deed required it before profit share what is the effect?
Class 12 · Accountancy · Hard
→In which situation can allowing partner salary increase firm loss?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio 7:5. Available profit is Rs 24,000, but A first receives a special bonus of Rs 6,000. What is B's share after the bonus?
Class 12 · Accountancy · Hard
→What is the logic of adding interest on drawings in profit distribution?
Class 12 · Accountancy · Hard
→A B profit ratio is two to three. Net profit is thirty thousand and total interest on capital is fifty thousand. Deed is silent whether interest is charge. Under normal treatment how will A B get remaining profit or loss?
Class 12 · Accountancy · Hard
→If partner salary is treated as normal business expense before net profit while it was appropriation what problem arises?
Class 12 · Accountancy · Hard
→The deed says A annual salary of thirty six thousand rupees is payable irrespective of profit or loss. Firm has loss of twenty thousand rupees before salary. What is total loss after salary?
Class 12 · Accountancy · Hard
→A B C profit ratio is three to three to two. C is guaranteed forty thousand rupees and total profit is one lakh twenty thousand. A and B bear deficiency equally. What is correct final profit?
Class 12 · Accountancy · Hard
→A B C profit ratio is three to three to two. C is guaranteed forty thousand rupees and total profit is one lakh twenty thousand. A and B bear deficiency equally. What is A final profit?
Class 12 · Accountancy · Hard
→A B C ratio is two to three to five. Total profit is two lakh rupees. B is guaranteed minimum seventy thousand rupees by A and C equally. What is C final profit?
Class 12 · Accountancy · Hard
→If reserve was to be debited in appropriation account but was directly debited to partners capital accounts what is the main error?
Class 12 · Accountancy · Hard
→A B profit ratio is four to three. B gets seven percent commission before charging commission. Profit before commission is one lakh rupees and remaining profit is shared in ratio. What is A final profit?
Class 12 · Accountancy · Hard
→A partner is to receive twelve percent commission on profit after charging commission. Profit before commission is fifty six thousand rupees. What is commission?
Class 12 · Accountancy · Medium
→A, B and C share profit in the ratio 5:3:2. Net profit is Rs 1,00,000. Reserve is Rs 10,000 and A's salary is Rs 20,000. What is C's share of the remaining profit?
Class 12 · Accountancy · Medium
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