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Class 12 · Accountancy · Medium
→If interest on capital is Rs 5000 what is its effect on distributable profit?
Class 12 · Accountancy · Medium
→If interest charged on drawings is Rs. 3,000, what effect will it have on distributable profit?
Class 12 · Accountancy · Medium
→Net profit is Rs 80000 and total interest on capital is Rs 12000. Remaining profit is shared equally between two partners. What will each receive from remaining profit?
Class 12 · Accountancy · Medium
→Net profit is Rs 90000 and A gets salary of Rs 15000. Remaining profit is shared equally by A and B. What is A's total share?
Class 12 · Accountancy · Medium
→If the net profit is Rs 1,00,000 and a reserve of 10% is to be created, how much will be deducted before distribution?
Class 12 · Accountancy · Medium
→Which profit is taken first for profit distribution?
Class 12 · Accountancy · Medium
→On which side is interest on drawings recorded in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Medium
→On which side is interest on capital recorded in Profit and Loss Appropriation Account?
Class 12 · Accountancy · Medium
→Where is partner salary shown before distributing profit?
Class 12 · Accountancy · Medium
→Net profit is Rs 75000 and three partners share profit equally. What will each partner get?
Class 12 · Accountancy · Medium
→The net profit is ₹60,000 and A and B share profits in the ratio 2:1. What is A's share?
Class 12 · Accountancy · Medium
→What is the main purpose of Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
→If the partnership deed does not provide a profit-sharing ratio, how will profit be distributed?
Class 12 · Accountancy · Easy
→What should be kept in mind to get the correct final answer in a profit distribution question?
Class 12 · Accountancy · Easy
→Does inequality of capital automatically change the profit-sharing ratio in profit distribution?
Class 12 · Accountancy · Easy
→If partners share losses in the ratio A : B = 3 : 1 and the total loss is ₹40,000, what is B's share?
Class 12 · Accountancy · Easy
→A and B share profit in the ratio 5:3. If total profit is ₹80,000, what is A's share?
Class 12 · Accountancy · Easy
→Which item can appear on credit side of Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
→Which item can appear on debit side of Profit and Loss Appropriation Account?
Class 12 · Accountancy · Easy
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