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Rspl paper Set- 1 Question in needed ..

    • Posted by Kavii Preetha 5 months, 4 weeks ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER
    http://mycbseguide.com/examin8/

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    A B and C were partners sharing profits in the ration of 5:3:2 . The balance as at 31-3-2020 was as follows . A died on 30-9-2020 and B and C decided to share future profits in the ratio of 7:3

    • Posted by Fansab Khan 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    8. X, Y and Z are partners sharing profits and losses in the ratio of 3:2:1. Their Balance Sheet as on 31.3.2018 was as follows: Balance Sheet as on 31.3.2018 Liabilities Assets Capitals: Machinery ₹ 30,000 Investments 40,500 X Stock in trade 10,000 Joint Life Policy 20,830 Y 20,000 17,550 14,000 10,000 8,700 1,500 Mrs.Y's loan Creditors Debtors 18,500 Profit and loss A/c Life Policy Fund 14,000 6,000 Cash at bank 5,420 Investment Fluctuation fund 1,08,500 The firm was dissolved on the above date. 1,08,500 a) Joint life policy is surrendered for 12, 000. Machinery is realised for 755,000, Stock is realised for 15, 000, Debtors realised * 6,150 b) Investments are taken over by Mr. X for 717, 500 c) Mr. Y agrees to discharge his wife's loan. d) It is found that an investment not recorded in the books is worth 13,000. The same is taken over by one of the creditors.. e) Expenses of realisation amounted to 1600. Prepare: a. Realisation A/c | b. Partners' capital Accounts and c. Bank A/c (Ans: Profits on Realization Rs 26,470, Final capital balance paid

    • Posted by Divya Divya 2 weeks, 5 days ago

    CBSE > Class 12 > Accountancy
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    • Posted by Payal Bhardwaj Payal Bhardwaj 2 weeks, 4 days ago

    CBSE > Class 12 > Accountancy
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    A and B were partners in a firm sharing profits and losses in the ratio 2:3. They admit C for 1/6 share in profits and guaranteed that his share of profits will not be less than ₹25,000. Total profits of the firm for the year ended 1st March 2015 were ₹90,000. Calculate share of profit for each partner and guarantee is given by A.

    • Posted by Dakshita Kulshrestha 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
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    Q .A and B are partners in a firm sharing profits or losses in the ratio of 2:3 capitals of 24,00,000 and 8,00,000 respectively on 1st April, 2022. Each partner im entitled to 10% p.a. interest on his capital. B is entitled a commission of 10% on n profit remaining after deducting interest on capital but before charging commission. A is entitled a commission of 8% of net profit remaining after dedacing interest on capital and after charging all commissions. The profit for the year ended 31st March, 2023 prior to calculation of interest on capital was 6,00,000. Prepare Profit and Loss Appropriation Account

    • Posted by Lucky Rathore 4 days, 20 hours ago

    CBSE > Class 12 > Accountancy
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    Abha beena chanda were partners in a firm

    • Posted by Aryan Vats 4 days, 21 hours ago

    CBSE > Class 12 > Accountancy
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    Sunbeam Ltd. Issued 20000, 11% debentures of 100 each at a premium of 10%,redeemable at a premium of 5%. The 'loss on I ssue of debentures account'will debited by :

    • Posted by Udaypratap Singh 1 week, 2 days ago

    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    Ch 3.52 Q 33

    • Posted by Harman Singh 2 weeks, 5 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    Amara Madura and prema are partners sharing profit and losses in the ratio of 2:1:1 Their balance sheet as on 31/3/2018 was as follows Balance sheet as on 31/3/2018 Liabilities amount Assets Amt Bills payable. 4300 cash in Creditors. 5700 hand 1000 Capital Bills receivable 400 Amara. 30000 stock 20000 Madhura. 20000 Debtors 7000 Prema. 20000 Less PBD 400 Joint life policy 6600 Fund. 4000 Joint life Policy. 4000 Machinery 50000 Prepaid rent 20000 84000 84000 The firm was liquidated on the above date (A) Amara took over joint life policy for Rs 5000 (B) stock realised for rs 22000 debtors realised rs 4100 and machinery was sold for rs 58000 (C) Bills on hand realised in full (D) One bill for rs 500 under discount was dishonoured and had to be paid by the firm

    • Posted by Deepali Shah 2 days, 20 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers

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