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    • Posted by Dolly Yumnam 11 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Gautam Singhal 1 day, 2 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Sehaj Batra 1 day, 23 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Sehaj Batra 1 day, 23 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Gurvinder Singh 2 days, 3 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Anwushka Soni 4 days ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Rajan Vaishy 3 days, 9 hours ago

    Dr

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    • Posted by Sarsij Mishra 4 days, 5 hours ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Anwushka Soni 4 days ago

    On 1st April,2023 A and A commenced business with capitals of ₹600000 and ₹200000 respectively on 31st March 2024 the net profit (before taking into account the provision of deed) was ₹240000 interest on capital is to be allowed at 6% per annum b was entitled to a salary of ₹60000 per annum the drawings of the partners a and b were ₹60000 and ₹40000 respectively the interest on drawings for a being ₹2000 and b ₹1000 assuming that A and b are equal partners prepare the profit and loss appropriation account and partners capitals account as at 31st March 2024

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    Posted by Tanvi Chogale 1 week ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Tanvi Chogale 1 week, 1 day ago

    Give journal entries

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    Tanvi Chogale 1 week ago

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    Posted by Prachi Yadav 1 week ago

    CBSE > Class 12 > Accountancy
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    ANSWER
    A, B and C were partners in a firm having capitals of ₹2,00,000; ₹2,00,000 and ₹80,000 respectively on 1st April, 2022. Their Current Account balances were A : *20,000; B: ₹10,000 and C: ₹5,000 (Dr.). According to the partnership deed the partners were entitled to interest on capital @ 10% p.a. B being the working partner was also entitled to a salary of ₹6,000 per quarter. The profits were to be divided as follows: (a) The first ₹60,000 in proportion to their capitals. (b) Next 1,00,000 in the ratio of 4: 3: 1. (c) Remaining profits to be shared equally. The firm made a profit of ₹2,80,000 for the year ended 31st March, 2023 before charging any of the above items. Prepare the Profit & Loss Appropriation Account and pass necessary journal entry for apportionment of profits.

    • Posted by Lakshay Agarwal 1 week, 3 days ago

    CBSE > Class 12 > Accountancy
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    • Posted by Vansh Saini 1 week, 4 days ago

    CBSE > Class 12 > Accountancy
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    • Posted by Shivangi Shivi 2 weeks ago

    CBSE > Class 12 > Accountancy
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    • Posted by Srinivas Srinivas 2 weeks, 1 day ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Srinivas Srinivas 2 weeks, 1 day ago

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    Posted by Prachi Yadav 2 weeks, 5 days ago

    CBSE > Class 12 > Accountancy
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    Posted by Chhavi Jain 2 weeks, 2 days ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Surender Kushwa 2 weeks, 2 days ago

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    • Posted by Soniya Yadav 2 weeks, 6 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Sushant Kamboz. 3 weeks ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER
    Pooja and Archna are parmas in a finn sharing profits and losses 1. Their capital accounts as en 1st April, 2017 stand at 70,000 ratio of 2 respectively. The partners the partners during s are allowed muret in capital @ 10% the year ended 31st March, 2018 amounted to p.a. The respectively. Interest is charged on drawings at the tale of 10% p.a. and t 1st December 1st February Interest on drawings is charged @ of A for the year ended 31st March, 20 [Ans. Interest on Drawings ₹221. Q. 22 (A). Gopal is a partner in a dras first day of every month during th If interest on drawings is c drawings of Gopal. 4,800 and Pooja has given a loan to firm as on 1st November, 2017 of ₹20,000. The profit of the firm for the year ended ist March, 2018 before adjustments was 280,000. 10% of this pult is beligt in a Reserve Account Current A/c balances on 1st April, 2017 wet Pooja ₹5,000 (Cr.); As 23,000 (Dr

    • Posted by Himalaya Singhal 3 weeks, 4 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Saksham Aryan 3 weeks, 5 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER
    Madhuri and Arsh were partners in a firm sharing profits and Their Balance Sheet as at 31 ^ (st) * M * a * r * c * h 2019, was as follows: losses in the ratio of 3: 1. Balance Sheet of Madhuri and Arsh As on 31 ^ (st) March, 2019 4 Assets Amount (3) Liabilities Amount () 4,70,000 1,10,000 Capital Madhuri Arsh 1,20,000 2,00.000 Machinery Investments 5,00,000 Debtors Less: Provision for doubtful 60,000 debts Workmen's Compensation Fund (10,000) 1,10,000 Creditors Employees' Provident Fund 1,90,000 Stock 1,10,000 8,60,000 Cash 1,40,000 30,000 8,60,000 On 1 ^ (st) April, 2019, they admitted Jyoti into partnership for 1 / (4 ^ (th)) share in the profits of the firm. Jyoti brought proportionate capital and 40,000 as her share of goodwill premium. The following terms were agreed upon; (i) Provision for doubtful debts was to be maintained at 10% on debtors. (ii) Stock was undervalued by 10,000. (iii) An old customer whose account was written off as bad, paid 15,000.. (iv) 20% of the investments were taken over by Arsh at book value. (v) Claim on account of workmen's compensation amounted to 70,000. (vi) Creditors included a sum of 27,000 which was not likely to be claimed. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm

    • Posted by Pozhil Veer 3 weeks, 6 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Vansh Sharma 4 weeks, 1 day ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Tanya Chaudhary 1 month ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Tanya Chaudhary 1 month ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Kinara Bhatt 1 month ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Payal Gurung 1 month ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Akash Seervi 1 month ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    Posted by Pragya Shukla 1 month ago

    CBSE > Class 12 > Accountancy
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    • Posted by Ritu Bansal 1 month, 1 week ago

    CBSE > Class 12 > Accountancy
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    • Posted by Tanisha .. 1 month, 1 week ago

    CBSE > Class 12 > Accountancy
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    Posted by Manvi Zaildar 1 month, 2 weeks ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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