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Raman Ltd paid rs 60000 as …

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Raman Ltd paid rs 60000 as installment for machinery purchase on credit which included interest rs 10000 how will this payment be presented while preparing cash flow statement

Posted by Yash Satwal 1 year, 3 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Tanya Chaudhary 1 week, 4 days ago

CBSE > Class 12 > Accountancy

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pari and neha are partners in a firm sharing profit and losses equally on 1st april 2018 to decided to share future profit in the ratio 2 is to 1 on the day of implementation of the decision the profit and loss account show the debit balance of 30000 and a general reserve 18000 record the necessary journal entries for the distribution of balance in the profit and loss account and general reserve for the change in the profit sharing ratio

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Sushant Kamboz. 1 day, 19 hours ago

CBSE > Class 12 > Accountancy

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Calculate the interest on drawings of X @ 10% p.a. for the year ended 31st March, 2018 in each of the following cases:- 1. If his drawings during the year were Rs. 12,000 2. If he withdrew Rs. 1,000 p.m. at the beginning of every month. 3. If he withdrew Rs. 1,000 p.m. at the end of every month. 4. If he withdrew Rs. 1,000 p.m. In the middle of each month. 5. In he withdrew the following amounts; April 30th Rs. 3,000, June 30th Rs. 2,000, October 1st Rs. 4,000, December 31st Rs. 1,500, February 1st 2,500 6. If he withdrew Rs. 3,000 at the beginning of each quarter 7. If he withdrew Rs. 3,000 at the end of each quarter. 8. If he withdrew Rs. 3,000 during the middle of each quarter.

Posted by Soniya Yadav 1 day, 8 hours ago

CBSE > Class 12 > Accountancy

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Posted by Saksham Aryan 1 week ago

CBSE > Class 12 > Accountancy

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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 1 week ago

CBSE > Class 12 > Accountancy

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