How does the Profit and Loss Appropriation Account relate to the Profit and Loss Account in a partnership?
Anonymous Quiz
20%
It is a separate financial statement unrelated to the Profit and Loss Account.
52%
It is an extension of the Profit and Loss Account.
22%
It is used to calculate the net profit in the partnership.
5%
It is a replacement for the Profit and Loss Account.
๐1
According to Profit and Loss Account, the net profit for the year is โน3,00,000. The total interest on partner's capital is โน36,000 and interest on partner's drawings is โน4,000. The net profit as per Profit and Loss Appropriation Account will be:
Anonymous Quiz
16%
โน3,32,000
18%
โน3,40,000
19%
โน2,60,000
47%
โน2,68,000
โค1
๐ฒ Quiz '๐จ๐๐๐๐๐๐๐๐๐๐ ๐ธ๐๐๐ ๐๐'
๐ป๐๐๐๐๐๐๐๐ ๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐ ๐ท๐๐๐๐๐๐ ๐๐๐ ๐ณ๐๐๐๐๐
๐ 10 questions ยท โฑ 30 sec
๐ป๐๐๐๐๐๐๐๐ ๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐ ๐ท๐๐๐๐๐๐ ๐๐๐ ๐ณ๐๐๐๐๐
๐ 10 questions ยท โฑ 30 sec
๐ฅ1
According to Profit and Loss Account, the net profit for the year is โน8,40,000. Salary of a partner is โน10,000 per month and the commission of another partner is โน20,000. The interest on drawings of partners is โน8,000. The net profit as per Profit and Loss Appropriation Account will be:
Anonymous Quiz
55%
โน7,08,000
21%
โน6,92,000
12%
โน8,18,000
12%
โน8,02,000
A, B and C are partners. A's capital is โน6,00,000 and B's capital is โน2,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants โน60,000 p.a. as salary. Firm earned a profit of โน3,00,000. How much will be each partner's share of profit?
Anonymous Quiz
21%
A: โน1,20,000 B: โน1,20,000 C: Nil
24%
A: โน1,80,000 B: โน60,000 C: Nil
24%
A: โน80,000 B: โน80,000 C: โน80,000
31%
A: โน1,00,000 B: โน1,00,000 C: โน1,00,000
๐ฒ Quiz '๐จ๐๐๐๐๐๐๐๐๐๐ ๐ธ๐๐๐ ๐๐'
๐ป๐๐๐๐๐๐๐๐ ๐๐ ๐ฎ๐๐๐ ๐๐๐๐ ๐๐ ๐จ๐ ๐๐๐๐๐๐๐ ๐๐ ๐ท๐๐๐๐๐๐
๐ 10 questions ยท โฑ 30 sec
๐ป๐๐๐๐๐๐๐๐ ๐๐ ๐ฎ๐๐๐ ๐๐๐๐ ๐๐ ๐จ๐ ๐๐๐๐๐๐๐ ๐๐ ๐ท๐๐๐๐๐๐
๐ 10 questions ยท โฑ 30 sec
๐ฅ1
CBSE_Datesheet_2026 (4).pdf (1) (1).pdf
2.8 MB
Save and Share with Your Friends
โฆฟ ๐๐ข๐๐ก โฃ @Adda247commerce
Please open Telegram to view this post
VIEW IN TELEGRAM
๐ฒ Quiz '๐จ๐๐๐๐๐๐๐๐๐๐ ๐ธ๐๐๐ ๐๐'
๐ญ๐๐๐๐๐๐๐ ๐๐ ๐ท๐๐๐๐๐๐๐๐๐๐ & ๐ท๐๐๐๐๐๐๐๐๐๐ ๐ซ๐๐๐
๐ 10 questions ยท โฑ 30 sec
๐ญ๐๐๐๐๐๐๐ ๐๐ ๐ท๐๐๐๐๐๐๐๐๐๐ & ๐ท๐๐๐๐๐๐๐๐๐๐ ๐ซ๐๐๐
๐ 10 questions ยท โฑ 30 sec
๐ฅ1
โ CUET Adda Presents : Grand SRCC MEET-UP๐| The Most Awaited Event is Here! ๐
โฐโโค Watch on YouTube
โฐโโค Watch on YouTube
Which factor may make products more expensive for consumers?
Anonymous Quiz
25%
Technological advancements
10%
Increased competition
62%
Increase in taxes by government
4%
Political uncertainty
What may create fear in the minds of investors?
Anonymous Quiz
19%
Increased competition
35%
Changes in fashions and tastes
21%
Increase in taxes
25%
Political uncertainty
A health food startup sees a rise in demand for plant-based protein powders due to increasing awareness of health and wellness. Which feature of the business environment is illustrated?
Anonymous Quiz
31%
Dynamic nature
11%
Uncertainty
37%
Inter-relatedness
20%
Specific and general forces
A fast-fashion company struggles to predict next season's trends due to rapidly changing fashion. Which feature of the business environment does this illustrate?
Anonymous Quiz
50%
Dynamic nature
32%
Uncertainty
15%
Complexity
3%
Relativity
โค2
The food and beverage industry is influenced by consumer tastes, regulations, and global supply chain issues. Which feature does this illustrate?
Anonymous Quiz
12%
Uncertainty
23%
Complexity
40%
Dynamic nature
25%
Relativity
Why is understanding the business environment important for identifying opportunities?
Anonymous Quiz
24%
It allows for quick adaptation to changes
18%
It helps in coping with threats
9%
It helps in resource allocation
49%
It helps in getting the first mover advantage
How does understanding the business environment assist in planning and policy formulation?
Anonymous Quiz
74%
Provides the basis for future courses of action
8%
Allows for increased competition
11%
Enhances the quality of products
7%
Increases market fragmentation
โค1
Assertion: Firms need to adapt according to external environmental forces.
Reason: Firms have no control over these forces.
Reason: Firms have no control over these forces.
Anonymous Quiz
66%
Both Assertion and Reason are true and Reason is the correct explanation for Assertion.
23%
Both Assertion and Reason are true but Reason is not the correct explanation for Assertion.
8%
Assertion is true but Reason is false.
3%
Assertion is false but Reason is true.
What forces affect a business directly and immediately?
A. Political conditions
B. Social conditions C. Investors D. Customers E. Competitors
A. Political conditions
B. Social conditions C. Investors D. Customers E. Competitors
Anonymous Quiz
22%
A and B only
28%
A, D and E only
39%
C, D and E only
11%
B, D and E only
An Indian firm notices a foreign multinational entering the market with substitutes for its products. What should this observation act as?
Anonymous Quiz
17%
Opportunity
59%
Early warning signal
8%
Resource
15%
Competitive advantage
What is the primary role of Directing in management?
Anonymous Quiz
11%
Organizing resources
77%
Instructing and motivating employees
6%
Financial management
7%
Conducting performance appraisals
At what level of an organization does Directing take place?
Anonymous Quiz
21%
Only at the top level
18%
Only at the middle level
9%
Only at the supervisory level
53%
At every level of the organization
โค1