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Class 12 · Accountancy · Easy
→If the final result is a loss, how will it be recorded in the partners' accounts?
Class 12 · Accountancy · Easy
→When the remaining profit is distributed among partners, what effect occurs in the partners' accounts?
Class 12 · Accountancy · Easy
→If interest on capital is credited to a partner's account, what is the reason for this?
Class 12 · Accountancy · Easy
→If interest on drawings is debited to a partner’s account, what is the reason?
Class 12 · Accountancy · Easy
→Which item is debited in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
→Which item is credited in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
→If a partner gives loan to the firm how is interest on that loan treated?
Class 12 · Accountancy · Easy
→In profit distribution what is the nature of both interest on capital and partner salary?
Class 12 · Accountancy · Easy
→A, B and C share profit in the ratio 3:4:5. If total profit is ₹24,000, what is B's share?
Class 12 · Accountancy · Easy
→If A and B share profits in the ratio 2:7 and the total profit is ₹9,000, what is A's share?
Class 12 · Accountancy · Easy
→If net profit is fifty thousand rupees interest on drawings is two thousand rupees and interest on capital is seven thousand rupees what is remaining profit?
Class 12 · Accountancy · Easy
→A partner’s actual share of profit is ₹25,000 and the guaranteed minimum is ₹20,000. What is the deficiency?
Class 12 · Accountancy · Easy
→If guarantee deficiency is two thousand rupees and B gave the guarantee whose profit will be reduced?
Class 12 · Accountancy · Easy
→If A has minimum profit guarantee of twenty thousand rupees and actual share is seventeen thousand rupees what is deficiency?
Class 12 · Accountancy · Easy
→What is the immediate effect of creating a reserve on the profit share distributed to partners?
Class 12 · Accountancy · Easy
→If total profit is ₹80,000 and the reserve fund is ₹16,000, what is the distributable profit?
Class 12 · Accountancy · Easy
→If fifteen percent of profit is to be transferred to reserve and profit is forty thousand rupees what is reserve amount?
Class 12 · Accountancy · Easy
→If deed has no profit ratio but A worked more how will profit be shared?
Class 12 · Accountancy · Easy
→If deed gives profit ratio two to three but partners capitals are equal in what ratio will profit be shared?
Class 12 · Accountancy · Easy
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