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  1. Why goodwill already appeared in the bòoks is debited to old partners capital account ?
Posted by vinita sadhwani (May 15, 2017 3:47 p.m.) (Question ID: 5317)

  • Answers:
  • Goodwill is debited so as to write off the goodwill. As it shouldn't have to be shown in the current year balance sheet. For the same, goodwill should be distributed among the partner.

    Answered by Richa Aggarwal (May 23, 2017 5:40 p.m.)
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Is Profit and Loss appropriation account particularly made for partners or firm??

Posted by Richa Aggarwal (Apr 08, 2017 11:09 a.m.) (Question ID: 4775)

Net decrease in working capital will increase/decrease / not change cash flow from operating activities? Give reason

Posted by mansi mittal (Mar 30, 2017 4:01 p.m.) (Question ID: 4613)

  • Answers:
  • Increase 

    -because WC =CA-CL 

    -To reduce the WC either CA have to be reduced or CL have to be increased 

    -So in both the cases amt is added to the cash flow statement 

    Answered by Riya Girdhar (Mar 31, 2017 12:06 p.m.)
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The paper today was lenghty as well as tricky...the paper was not according to blue print...the debenture which carries a weightage of 7 marks only came out for 16 marks today

One question of debenture was out of course

The thing i just wanted to know that is there a provision of bonus marking or easy checking?

According to the student community the paper was really lenghty


Posted by ishita shah (Mar 29, 2017 8:24 p.m.) (Question ID: 4599)

  • which question was out of syllabus

    Posted by Anuj Goel (Mar 30, 2017 3:34 p.m.)
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List the categories of individuals who cannot be admitted by existing partners ?

Posted by Nitin Dubey (Mar 29, 2017 4:53 p.m.) (Question ID: 4591)

  • insolent person and those who are mentally unsound

    Posted by Anuj Goel (Mar 30, 2017 3:36 p.m.)
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when it is given in the partnership deed that to allow interest on partners' capital .But rate of interest is not given. The firm is incurring loss. Whether interest will be allowed or not.If yes at what percentage?

Posted by prasanta dash (Mar 28, 2017 9:08 p.m.) (Question ID: 4576)

  • Answers:
  • Yes . Interest will be given. Percentage will be 6%.

    Answered by Richa Aggarwal (May 25, 2017 8:24 p.m.)
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Under which sub head and major head will bill discounted but not matured will come?

Posted by Jasgul Bambah (Mar 28, 2017 6:58 p.m.) (Question ID: 4574)

What is meant by securities premium?

Posted by Neha Jha (Mar 28, 2017 10:58 a.m.) (Question ID: 4562)

  • securities premium is an account which is credited at the time of issue of share of debenture at price more than its face value.

    Posted by Jasgul Bambah (Mar 28, 2017 7:02 p.m.)
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What share of profit would a sleeping partner who has contributed 75%of tha totalcapital get in absence of a deed

Posted by HaReNdRa SiNgH (Mar 28, 2017 10:42 a.m.) (Question ID: 4561)

  • he will get equal share

    Posted by Jasgul Bambah (Mar 28, 2017 7:03 p.m.)
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What is mean by Partner's Loan Account?


Posted by Gandhirajan K (Mar 27, 2017 9:45 a.m.) (Question ID: 4545)

It is cumpolsry to make accountancy formats  with the help of pencil during exams?

Posted by Khushi Sharma (Mar 26, 2017 2:48 p.m.) (Question ID: 4524)

  • Answers:
  • Yes it is

    Answered by sanskrita Gupta (Mar 27, 2017 11 a.m.)
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What mean by dissolution of firms &partnership on the basis of closer of books 

Posted by Vipin Saini (Mar 25, 2017 10:14 p.m.) (Question ID: 4511)

  • Answers:
  • Dissolution of partnership does not require final closure of the books. 

    Dissolution of firm requires final closure of books of the firm

    Answered by meghna surana (Mar 26, 2017 8:44 p.m.)
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  • In dissolution of firm , all the accounts are come to end but in case of dissolution of partnership it's optional to close.


    Answered by ankit Goswami (Mar 26, 2017 2:19 p.m.)
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what is the nature of capital A/C?

Posted by Priya (Mar 25, 2017 5:24 p.m.) (Question ID: 4504)

  • Answers:
  • It is personal in nature*

    Answered by Khushi Sharma (Mar 26, 2017 2:54 p.m.)
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  • Personal. Account

    Answered by Khushi Sharma (Mar 26, 2017 2:48 p.m.)
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Do we divide machinery replacement fund in partnership?

Posted by Payal Sharma (Mar 22, 2017 5:54 p.m.) (Question ID: 4396)

  • Answers:
  • No we dont.

    Answered by Aditi Sidhar (Mar 22, 2017 6:51 p.m.)
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How calculations of employee stock option plan has been taken it is too confusing  please answer me my exams are near


Contact me :- 7404667845

Whatsapp :- 9416167845

Posted by Mayank Sharma (Mar 21, 2017 11:08 p.m.) (Question ID: 4366)

How to prepare executor loan account

Posted by Sagar Kumar (Mar 20, 2017 11:05 p.m.) (Question ID: 4282)

What is a capital.?

Posted by Pintu Chandra (Mar 19, 2017 7:45 p.m.) (Question ID: 4146)

  • Answers:
  • amount invested by by partners is known as capital


    Answered by Naveen Kumar (Mar 26, 2017 7:28 p.m.)
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In dissolution, how interest accrued on partner's loan is treated? Is it transferred to realisation A/c ?

Posted by Shreeya Shah (Mar 18, 2017 9:56 a.m.) (Question ID: 4046)

can we attempt the exam in reverse order....our enthusiasm level is full at starting of the exam....and we are exhausted till the last minute....doing 6-8 marks questions in the starting will help us in getting the answer.

can we do so?

Posted by Jasgul Bambah (Mar 17, 2017 3:45 p.m.) (Question ID: 3991)

  • Answers:
  • Ans. You can answer any question at any time, but make sure the question number you are giving  is same as that is in question paper. Dont make your own question number. It doesn't matter if you are answering questiom number  25th first and question number first at last. 

    All the best!

    Answered by Naveen Sharma (Mar 17, 2017 5:01 p.m.)
    Thanks (1)
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How should I prepare for accounts???

Posted by Sanjana Sood (Mar 15, 2017 9:48 p.m.) (Question ID: 3881)

  • Answers:
  • Do as more and more sample paper provided by cbse also. Also revise the book and its main points

    Answered by Muskan kakkar (Mar 16, 2017 12:38 a.m.)
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What to do when deed is silent obout appropreation or charge of items in this case .. what should be the prority?

Posted by Sahil Gupta (Mar 13, 2017 4:33 p.m.) (Question ID: 3685)

Is employement stock option plan is in the syllabus for 2k16-17?....


Posted by Anurag Renuj (Mar 02, 2017 6:33 a.m.) (Question ID: 2893)

Stock turnover ratio is 2.5 times average stock is Rs. 40000 what will be cost of good sold if profit 25% cost?

Posted by Affan Khan (Mar 01, 2017 7:33 p.m.) (Question ID: 2879)

  • Answers:
  • Inventory turnover ratio =                                  cogs/average inventory


    Inventory turnover ratio=2.5 times

    Average inventory=40000

    Cogs=2.5 × 40000=[100000]ans.

    Answered by pooja rajput (Mar 01, 2017 10:31 p.m.)
    Thanks (1)
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In consideration other than cash,chap_ debenture ,...., if the no. Of debentures comes in point like ....4222.2 etc..., we  use  fraction method , can we do the ques directly with out using it......?

Posted by nishant Bhardwaj (Feb 28, 2017 11:05 p.m.) (Question ID: 2835)

  • answer me...... 


    Posted by nishant Bhardwaj (Mar 01, 2017 12:44 p.m.)
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Actually I am not so much confident in accounts ,please suggest me ,how can I prepare for it ... and how can I build speed in accounts  ? Please suggest me some tips which help me to score good marks in accounts .......... 

Posted by nishant Bhardwaj (Feb 27, 2017 2:40 p.m.) (Question ID: 2727)

  • Teacher please reply.....

    Posted by nishant Bhardwaj (Mar 17, 2017 10:42 a.m.)
  • please reply me .... it is very important for me to know about it ................................ thank you..


    Posted by nishant Bhardwaj (Mar 01, 2017 12:42 p.m.)
  • I am not getting my answer ... reply me first...


    Posted by nishant Bhardwaj (Feb 28, 2017 11:16 p.m.)
  • Please reply me...........

    Posted by nishant Bhardwaj (Feb 28, 2017 11:58 a.m.)
  • Add Comment
  • Answers:
  • You can solve sample paper more & more    that will increase your confidence level now

    Answered by tushar vijaywargiya (Mar 20, 2017 7:36 p.m.)
    Thanks (0)
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What is goods in transist

Posted by Jashan Bachhal (Feb 26, 2017 4:10 p.m.) (Question ID: 2689)

Is coversion method of redeeming in syllabus of 2016-2017..or not?

Posted by Vikas Kumar (Feb 26, 2017 12:12 p.m.) (Question ID: 2675)

  • Answers:
  • No it is not in syllabus 

    Answered by Riya Girdhar (Feb 26, 2017 5:20 p.m.)
    Thanks (1)
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B a retiring partner who has the credit balance of rupees 1lakh has been paid 10% in cash. Journalism.

Posted by ÁBHÍŚHÉĶ PÁŃĐÉÝ (Feb 23, 2017 1:07 p.m.) (Question ID: 2488)

  • Answers:
  • B's capita  account Dr.        10000

                 To cash account                        10000

    Answered by Riya Girdhar (Feb 23, 2017 2:59 p.m.)
    Thanks (1)
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Where do we show premium on debenture redemption reserve under balance sheet

Posted by Muskan Kapoor (Feb 15, 2017 4:41 p.m.) (Question ID: 2146)

  • Answers:
  • Ans. When the debentures are redeemed at a price more than its face value or the par value, then it is said that the debentures are redeemed at premium.

    The difference between the redeemed price and the par value is regarded as a capital loss and this loss is written off till the redemption of the debentures.

    The Premium on Redemption of Debenture is shown on the Liabilities side of the Balance Sheet under the head of “Current Liabilities and Provisions” debentures are redeemed.

    Answered by Naveen Sharma (Feb 15, 2017 5:19 p.m.)
    Thanks (1)
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Treatment of provision for doubtful debts in cash flow statement 

Posted by Nikhil pandey (Feb 14, 2017 3:40 p.m.) (Question ID: 2111)

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