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what do you meant by accounting

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what do you meant by accounting

    • Posted by Keshav Kumar 6 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Bokaro Gamers 6 years, 10 months ago

    Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494.

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    • Posted by Ansh Dwivedi 1 year, 4 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    Illustration 62. Given below is the Balance Sheet of Krishna & Suresh who are partners in a firm sharing profits in the ratio of 3 : 2: Liabilities Amount Creditors Bank Overdraft Investment Fluctuation Fund Contingency Reserve Capital A/c : Krishna Suresh 30,000 20,000 21,000 2,000 6,000 5,000 50,000 84,000 Assets Plant Patents Furniture Investments (Market value Stock Debtors Cash 14,000) Amount (₹) 30,000 5,000 3,000 15,000 13,000 17,000 1,000 84,000 Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.​

    • Posted by Arya Patel 1 year, 4 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Anirudh Sarkar 1 year, 5 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers
    Mohan is admitted as a partner for 1/5th share on the following terms: (a) He is to contribute 14,000 as his share of capital which includes his share of premium for goodwill. (b) Goodwill is valued at 2 years' purchase of the average profits of the last 4 years, which were 10,000; 9,000; 8,000 and 13,000 respectively. (c) Plant to be written down to 25,000 and patents written up by * 8,000. Prepare the Revaluation Account, Partners' Capital Account and the Balance Sheet of the new firm.

    • Posted by Arya Patel 3 months ago

    CBSE > Class 11 > Accountancy
    • 0 answers
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    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
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