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Class 12 · Accountancy
→If the firm incurs loss in which ratio is it generally distributed?
Class 12 · Accountancy
→Profit and Loss Appropriation Account starts with which profit?
Class 12 · Accountancy
→How is interest on partners loan related to profit distribution?
Class 12 · Accountancy
→If the partnership deed is silent about interest on drawings, should interest on drawings be charged?
Class 12 · Accountancy
→If the partnership deed is silent about interest on capital, how will interest on capital be treated in the distribution of profits?
Class 12 · Accountancy
→Under what condition is partners' salary treated as part of profit distribution?
Class 12 · Accountancy
→If the profit sharing ratio is 3 : 2 and the remaining profit is ₹25,000, what is B's share?
Class 12 · Accountancy
→On what basis is the final remaining profit distributed?
Class 12 · Accountancy
→If profit is thirty thousand rupees and interest on drawings is two thousand rupees what is total amount available for appropriation?
Class 12 · Accountancy
→If total profit is ₹50,000 and interest on capital is ₹10,000, what amount of profit remains for distribution?
Class 12 · Accountancy
→If partners commission is provided in the deed what type of item is it?
Class 12 · Accountancy
→On which side does interest on drawings appear in the Profit and Loss Appropriation Account?
Class 12 · Accountancy
→On which side does interest on capital appear before profit distribution?
Class 12 · Accountancy
→If A and B share profits equally and the total profit is ₹40,000, what is B's share?
Class 12 · Accountancy
→If A and B share profits in the ratio 2:1 and the total profit is ₹30,000, what is A's share?
Class 12 · Accountancy
→Partners share of loss is debited to which account?
Class 12 · Accountancy
→Partners share of profit is credited to which account?
Class 12 · Accountancy
→What is the purpose of Profit and Loss Appropriation Account?
Class 12 · Accountancy
→What is interest on drawings for the firm?
Class 12 · Accountancy
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