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Class 12 · Accountancy · Expert
→If partner salary is credited to capital account and debited to Profit and Loss Appropriation Account under which method can it be correct?
Class 12 · Accountancy · Expert
→If interest on drawings is wrongly debited to Profit and Loss Appropriation Account what is the correct treatment?
Class 12 · Accountancy · Expert
→A withdrew Rs 10000 in April and Rs 20000 in October. The accounting year ends in March and interest rate is twelve percent. What is interest on drawings?
Class 12 · Accountancy · Expert
→Equal quarterly drawings of Rs 4000 are made at the end of each quarter. At twelve percent per annum what is interest on drawings?
Class 12 · Accountancy · Expert
→Equal quarterly drawings of Rs 5000 are made at the beginning of each quarter. At eight percent per annum what is interest on drawings?
Class 12 · Accountancy · Expert
→If equal monthly drawings of Rs 3000 are made at the end of every month and interest rate is ten percent per annum what is interest on drawings?
Class 12 · Accountancy · Expert
→If equal monthly drawings of Rs 2000 are made at the beginning of every month and interest rate is twelve percent per annum what is interest on drawings?
Class 12 · Accountancy · Expert
→A invested Rs 30000 at the beginning of the year and withdrew Rs 20000 after three months. At twelve percent what will be interest on capital?
Class 12 · Accountancy · Expert
→As capital remained Rs 60000 for the full year. B invested Rs 40000 at the beginning and Rs 20000 more after six months. If interest rate is ten percent what is Bs interest on capital?
Class 12 · Accountancy · Expert
→Total interest on capital is Rs 30000 and available profit is Rs 24000. If interest claims of A B and C are in ratio five to three to two how much will C receive?
Class 12 · Accountancy · Expert
→If interest on capital is payable only up to available profit and interest of A and B is Rs 12000 and Rs 8000 respectively while available profit is Rs 15000. How much interest will A get?
Class 12 · Accountancy · Expert
→Under fixed capital method As capital is Rs 100000 and current account has Rs 3000 debit. During the year profit share is Rs 20000 and drawings are Rs 25000. What is closing current balance?
Class 12 · Accountancy · Expert
→Three partners capitals are to be in profit ratio two to three to five. Total capital is Rs 300000. What is the required capital of the third partner?
Class 12 · Accountancy · Expert
→A and B capitals should be in profit ratio four to one. As capital is Rs 120000 and Bs capital is Rs 50000. Taking As capital as base what should B do?
Class 12 · Accountancy · Expert
→A and B capitals are to be maintained in profit ratio three to two. Total capital is Rs 250000 and As actual capital is Rs 160000. What should A do?
Class 12 · Accountancy · Expert
→Bs closing capital is Rs 96000. Opening capital is Rs 80000 drawings Rs 12000 interest on capital Rs 4000 and additional capital Rs 6000. What was the profit share?
Class 12 · Accountancy · Expert
→As opening capital is Rs 70000. Additional capital is Rs 10000 loss share is Rs 8000 and closing capital is Rs 68000. What were the drawings?
Class 12 · Accountancy · Hard
→Under the fluctuating capital method, drawings of Rs 20,000 were wrongly credited to the capital account. What is the total wrong effect on the capital balance?
Class 12 · Accountancy · Expert
→If under fixed capital method interest on capital is wrongly credited to capital account what is the correct correction?
Class 12 · Accountancy · Expert
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