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Class 12 · Accountancy · Easy
→If remaining profit is zero what will be final profit distribution?
Class 12 · Accountancy · Easy
→Why is it incorrect to distribute gross profit directly among partners?
Class 12 · Accountancy · Easy
→Which profit is first used as base in profit distribution?
Class 12 · Accountancy · Easy
→If interest on A's capital is Rs. 2,000, what happens in A's account?
Class 12 · Accountancy · Easy
→If interest on A's drawings is Rs. 1,000, what entry will be made in A's account?
Class 12 · Accountancy · Easy
→If salary of five thousand rupees and commission of three thousand rupees are payable to A what total credit will be made to A account?
Class 12 · Accountancy · Easy
→If the loss is to be shared among A, B and C in the ratio 1 : 1 : 2 and the total loss is ₹40,000, what is C's share?
Class 12 · Accountancy · Easy
→If A and B share profit in the ratio 3:1 and the divisible profit is Rs 32,000, what is A's share?
Class 12 · Accountancy · Easy
→If a reserve is to be created during profit distribution, what is done before sharing profits among partners?
Class 12 · Accountancy · Easy
→If interest on partners loan is allowed in which account is it correctly shown?
Class 12 · Accountancy · Easy
→Why is interest on partners loan not shown in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
→What is the correct difference between drawings and interest on drawings?
Class 12 · Accountancy · Easy
→If a partner's drawings are mistakenly added to profit while distributing profits, what will be the effect?
Class 12 · Accountancy · Easy
→In profit distribution what is partners personal life insurance premium generally treated as if firm paid it?
Class 12 · Accountancy · Easy
→In the context of profit distribution, how is a partner's personal income tax generally treated?
Class 12 · Accountancy · Easy
→If commission is calculated after charging commission what type of base is generally used?
Class 12 · Accountancy · Easy
→If net profit is ₹90,000 and A is entitled to a commission of 10% before charging the commission, what is A’s commission?
Class 12 · Accountancy · Easy
→By whom is deficiency of guarantee generally made good?
Class 12 · Accountancy · Easy
→A guaranteed partner’s actual share of profit is ₹20,000, while the guaranteed minimum is ₹18,000. How much will the partner receive?
Class 12 · Accountancy · Easy
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