No products in the cart.

Intrest on drawings 12% March1 6,000 …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Intrest on drawings 12% March1 6,000 June1. 4,000 September 1 5,000 December 1. 2,000

Posted by Kamal Kamal 3 months, 3 weeks ago

CBSE > Class 12 > Accountancy

2 answers

Bhumika Kalita 3 months, 3 weeks ago

June1 = 4000×12÷100×10÷12=400 September = 15000×12÷100×7÷12=1050 December = 12000×12÷100×4÷12=480

Bhumika Kalita 3 months, 3 weeks ago

Interest on drawings march1 = 6000×12÷100×1÷12 =60

ANSWER

http://mycbseguide.com/examin8/

Related Questions

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 4 days, 20 hours ago

CBSE > Class 12 > Accountancy

0 answers

Jatin and gupta were partners

Posted by Daman Lamba 2 days, 16 hours ago

CBSE > Class 12 > Accountancy

0 answers

Nishant Ltd. acquired assets of 25,00,000 and took over creditors of 5,00,000 from Ram Enterprises for a purchase consideration of 24,00,000. The consideration was paid by the issue of 9% Debentures of ₹ 100 each at a premium of 20%, to be redeemed at par after 5 years. Pass the necessary Journal entries for the above transactions.

Posted by Puja Acharya 23 hours ago

CBSE > Class 12 > Accountancy

0 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Jiya Kashyap 5 hours ago

CBSE > Class 12 > Accountancy

0 answers

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 6 days, 20 hours ago

CBSE > Class 12 > Accountancy

0 answers

A company issue for public subscription 50000 share of 10 each at par payable as 4+3+2+1. Public applied for 75000 share an allotment was made to they applicant on 60000 share on pro database. Other applications being rejected all money was duree received except. Mr.a holding 2000 share failed to pay 2 call Mr.b holding 1000 share failed to pay the finale call

Posted by Prem Agarwal 40 minutes ago

CBSE > Class 12 > Accountancy

1 answers

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, 3 days ago

CBSE > Class 12 > Accountancy

0 answers

Abha beena chanda were partners in a firm

Posted by Aryan Vats 6 days, 22 hours ago

CBSE > Class 12 > Accountancy

0 answers

Gopal

Posted by Sehajdeep Singh 20 hours ago

CBSE > Class 12 > Accountancy

0 answers

23)A company forfeited 4,000 shares of 10 each, called up 8, on which application money of 3, 2 on allotment each has been paid. Out of these, 2,000 shares were reissued at 9 per share, fully paid. Pass necessary journal entries for above transactions.

Posted by Puja Acharya 22 hours ago

CBSE > Class 12 > Accountancy

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App