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Class 12 · Accountancy · Medium
→If salary is to be given first and then remaining profit is shared what is the correct order of calculation?
Class 12 · Accountancy · Medium
→The net profit is Rs 70000. A partner is to be paid salary of Rs 10000 and commission of Rs 5000. What amount of residual profit will remain after these payments?
Class 12 · Accountancy · Medium
→Net profit is Rs 50000 and interest on drawings is Rs 2000. Interest on capital is Rs 7000. What is the remaining profit?
Class 12 · Accountancy · Medium
→If there is loss instead of profit on which side is final loss distributed in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Medium
→A, B and C share profits in the ratio 4 : 3 : 2 and the total profit is Rs 81,000. What is B's share?
Class 12 · Accountancy · Medium
→Total profit is Rs 90000. Ratio of A : B : C is 2 : 2 : 1. What is C's normal share?
Class 12 · Accountancy · Medium
→If minimum profit is guaranteed by the firm what will the deficiency affect?
Class 12 · Accountancy · Medium
→If partner A has guaranteed a minimum profit to partner B and there is a deficiency in profit, from which source will the deficiency be met?
Class 12 · Accountancy · Medium
→A is guaranteed minimum profit of Rs 30000. His normal share is Rs 26000. What is the deficiency?
Class 12 · Accountancy · Medium
→If interest on drawings appears in Profit and Loss Appropriation Account on which side will it appear?
Class 12 · Accountancy · Medium
→The credit side of Profit and Loss Appropriation Account generally starts with what?
Class 12 · Accountancy · Medium
→Net profit is Rs 150,000. First 20% is transferred to reserve and the balance is divided between A and B in the ratio 2:1. What is A's share of the remaining profit?
Class 12 · Accountancy · Medium
→If a general reserve is created before distribution of profits, what is the effect on the profit remaining for distribution among partners?
Class 12 · Accountancy · Medium
→What is the main difference between interest on capital and interest on partner loan?
Class 12 · Accountancy · Medium
→In profit distribution how is interest on partner loan treated?
Class 12 · Accountancy · Medium
→If commission is on profit after charging commission what care is needed in calculation?
Class 12 · Accountancy · Medium
→Net profit is Rs 1,20,000 and a partner's commission is fixed at 5% on net profit. If the commission is paid on the net profit itself, what is the commission amount?
Class 12 · Accountancy · Medium
→In profit distribution where is partner commission shown?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio 3:2 and the firm incurs a loss of Rs 50,000. What is B's share of the loss?
Class 12 · Accountancy · Medium
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