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PROJECT WORK It is suggested to …

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PROJECT WORK It is suggested to undertake this project after completing the unit on preparation of financial statements. The student(s) will be allowed to select any business of their choice or develop the transaction of imaginary business. The project is to run through the chapters and make the project an interesting process. The amounts should emerge as more realistic and closer to reality. Specific Guidelines for Teachers Give a list of options to the students to select a business form. You can add to the given list: 1. A beauty parlour 2. Men's saloon 3. A tailoring shop 10. Men's wear 11. Ladies wear 12. Kiddies wear 19. A coffee shop 20. A music shop 21. A juice shop

Posted by Sangeeta Kumari 2 years, 8 months ago

CBSE > Class 11 > Accountancy

1 answers

Tamana Chauhan 1 year, 4 months ago

Men's wear

ANSWER

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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.

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CBSE > Class 11 > Accountancy

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Posted by Arya Patel 3 months, 4 weeks ago

CBSE > Class 11 > Accountancy

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