List of top Accountancy Questions

Interest on capital will be provided to Aditi and Saurabh in which of the following ratio?
Omkar and Shiva were partners in a firm. Omkar was entitled to a salary of \rupee 20,000 p.a. while Shiva was entitled to a salary of \rupee 50,000 p.a. Net profit for the year ended 31\textsuperscript{st March, 2023, after charging the salaries of Omkar and Shiva, was \rupee 5,60,000. The total amount credited to Omkar’s capital account will be:}
Vanya and Aanya were partners in a firm sharing profits and losses in the ratio of 3:2. Their capitals were \rupee 5,00,000 and \rupee 1,00,000 respectively. Vanya was entitled to interest on capital @ 8\% p.a., and Aanya was entitled to salary @ \rupee 5,000 per month. The net profit before any appropriation was \rupee 1,75,000. Vanya’s share in divisible profit will be:
As per the provisions of Companies Act, 2013 Securities Premium cannot be utilized for:
Which one of the following items is not dealt through Profit and Loss Appropriation Account?