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Explain nature of Accounting Standards

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Explain nature of Accounting Standards

Posted by Sambhav Jain 2 years, 2 months ago

CBSE > Class 11 > Accountancy

1 answers

Lavish Aulakh 2 years, 2 months ago

Goods returned to pankaj

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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 3 months, 4 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 3 months, 4 weeks ago

CBSE > Class 11 > Accountancy

0 answers

What is bad depts and how we can show in journal and ledger

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CBSE > Class 11 > Accountancy

2 answers

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CBSE > Class 11 > Accountancy

0 answers

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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

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CBSE > Class 11 > Accountancy

1 answers

Paid cash to kamlesh rs 15000

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CBSE > Class 11 > Accountancy

2 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

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CBSE > Class 11 > Accountancy

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Features of accounting ?

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CBSE > Class 11 > Accountancy

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Show the Accounting equation for the following transaction (i)Gopinath started business with cash

Posted by Garima Gaur 3 months, 4 weeks ago

CBSE > Class 11 > Accountancy

1 answers

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