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What is accounting? What are its …

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What is accounting? What are its abjectives?

    • Posted by Jubeda Khatoon 4 years ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    11 Commerce Helper 4 years ago

    And objectives are To get real and true information Get orginal record And check our business status Main objective to check what we gain profit or loss

    0Thank You

    11 Commerce Helper 4 years ago

    Accounting is a process wher we record a transaction in systmatic and legal manner and it is based on double entry system

    1Thank You

    Jubeda Khatoon 4 years ago

    What is acconting ? What are its objectives ?

    0Thank You

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    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 6 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 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 1 month, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    Started business with cash RS 90000 stock 30,000 Purchase परचेज फर्नीचर परचेज फर्नीचर फॉर कैश फॉर कैश 15000 में चेक पैड कैरिंग चार्ज रुपीस 1000 इन कैश सोल 1 की 2 का अबोव स्टॉक तो राम ऑन क्रेडिट रिसीव फ्रॉम राम आफ्टर ए डिस्काउंट का 200 रेंट पैड रुपीस 7000 आउट ऑफ़ व्हिच 2000 इस प्रिपेयर्ड

    • Posted by Anirudh Sarkar 6 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 1 answers
    Paid cash to kamlesh rs 15000

    • Posted by Alok Bhartiya 6 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 2 answers
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    CBSE > Class 11 > Accountancy
    • 0 answers
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    • Posted by Garima Gaur 6 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
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    CBSE > Class 11 > Accountancy
    • 2 answers
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    • Posted by Ansh Dwivedi 6 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers
    Goods of the selling price of 3000 are further withdrawn by Sonia for personal use 20% of cost is added to fix up the selling price

    • Posted by Prabhdeep Mall 6 months, 3 weeks ago

    CBSE > Class 11 > Accountancy
    • 0 answers

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