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Class 12 · Accountancy
→If net profit appears on credit side of Profit and Loss Appropriation Account what does it mean?
Class 12 · Accountancy
→On which side are partners shares of profit written in Profit and Loss Appropriation Account?
Class 12 · Accountancy
→What does net profit mean in profit distribution?
Class 12 · Accountancy
→If profit before commission is Rs 55000 and a partner is to receive 10 percent commission on profit after charging commission what will be the commission?
Class 12 · Accountancy
→What is the safest order for solving a multi adjustment profit distribution question?
Class 12 · Accountancy
→If profit distribution ratio is clear but capital ratio is different which ratio is used for residual profit?
Class 12 · Accountancy
→In a profit distribution question what is the most useful check before distributing final residual profit?
Class 12 · Accountancy
→Total profit is Rs 60,000 and A has a minimum guarantee of Rs 20,000 while his normal share is Rs 24,000. What should be done in this situation?
Class 12 · Accountancy
→A and B share profits in ratio 3 to 1 and A guarantees B minimum Rs 25000. Total profit is Rs 80000. Will there be a deficiency?
Class 12 · Accountancy
→A and B share profits in ratio 5 to 3. If A is guaranteed minimum profit of Rs 50000 and total profit is Rs 72000 what is As deficiency?
Class 12 · Accountancy
→If both interest on capital and interest on drawings are given in profit distribution how is net effect found?
Class 12 · Accountancy
→Net profit is Rs 100000. A gets salary Rs 20000 and B gets commission Rs 10000. Remaining profit is shared in ratio 7 to 3. What is Bs total share?
Class 12 · Accountancy
→A gets salary Rs 12000 and B gets commission Rs 8000. On which side will both appear in Profit and Loss Appropriation Account?
Class 12 · Accountancy
→When a partnership's net loss is distributed among partners, what entry is made in their capital or current accounts?
Class 12 · Accountancy
→Where does the second effect of partners residual profit share go from Profit and Loss Appropriation Account?
Class 12 · Accountancy
→If interest on drawings is not provided how will it be treated in profit distribution?
Class 12 · Accountancy
→If deed has no provision for partner salary what will be its treatment in profit distribution?
Class 12 · Accountancy
→Total interest on capital claim is Rs 20000 and available profit is Rs 16000. A and B have equal claims. How much will A receive?
Class 12 · Accountancy
→If interest on capital is allowed but the firm's profit is insufficient, what is generally done?
Class 12 · Accountancy
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