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Class 12 · Accountancy · Hard
→A is entitled to ten percent commission on net profit after charging commission. Profit before commission is one lakh ten thousand rupees. What is the commission?
Class 12 · Accountancy · Hard
→The deed says interest on capital is payable only when profit exists. Profit before appropriation is twenty thousand rupees and total interest on capital is thirty thousand rupees. What is the correct treatment?
Class 12 · Accountancy · Hard
→Net profit is one lakh sixty thousand rupees. Interest on drawings is eight thousand rupees salary is thirty thousand rupees interest on capital is eighteen thousand rupees and reserve is twenty thousand rupees. A and B share profit in ratio three to two. What is A final profit share?
Class 12 · Accountancy · Medium
→Which statement is most correct for final checking in a profit distribution question?
Class 12 · Accountancy · Medium
→In a profit guarantee question what is the correct first step?
Class 12 · Accountancy · Medium
→If interest on capital is credited to partner account but not debited to appropriation account what is the problem?
Class 12 · Accountancy · Medium
→If partner salary is paid immediately in cash what effect will it still have in appropriation account?
Class 12 · Accountancy · Medium
→If remaining profit is Rs 45000 and it is to be shared by A and B in ratio two to one what is the correct order of shares?
Class 12 · Accountancy · Medium
→If net profit is Rs 70,000, reserve is Rs 10,000 and salary is Rs 15,000, what is the remaining profit?
Class 12 · Accountancy · Medium
→If the deed is silent about both interest on capital and interest on drawings what will happen in profit distribution?
Class 12 · Accountancy · Medium
→In profit distribution if only interest on capital is given and no profit ratio is given how will remaining profit be shared?
Class 12 · Accountancy · Medium
→If A is exempt from loss and B and C share losses equally, and the total loss is Rs 40,000, how much will B bear?
Class 12 · Accountancy · Medium
→If the deed says A will not share losses but will share profits, how will A be treated in loss distribution?
Class 12 · Accountancy · Medium
→A was a partner only for the first six months of the year. The annual profit is Rs 120000 and his share is one-third. On a time basis, what is A's profit?
Class 12 · Accountancy · Medium
→If a partner is admitted in the middle of the year which basis becomes important in profit distribution?
Class 12 · Accountancy · Medium
→A's monthly salary is Rs 7500 and he was a partner for only eight months in the year. If the salary is time-proportionate, what total salary should be credited to A?
Class 12 · Accountancy · Medium
→If deed requires ten percent reserve and then equal sharing of remaining profit. In profit of Rs 200000 how much will each of two partners receive?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio 4:3. If B received Rs 21,000, what was the total profit?
Class 12 · Accountancy · Medium
→A, B and C share profits in the ratio 4 : 4 : 2. If A received Rs 32,000, what was the total profit?
Class 12 · Accountancy · Medium
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