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To make an imaginary portfolio of a sum of ₹50000 equity in any 5 companies as per their choice and create 10 % to 15% profit minimum 7 days

Posted by Rhythm Arya 2 months ago

CBSE > Class 12 > Accountancy

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myCBSEguide No products in the cart. Homework HelpCBSEClass 12Accountancy Accountancy publication ltd. issued 50000 equity … CBSE, JEE, NEET, CUET Question Bank, Mock Tests, Exam Papers NCERT Solutions, Sample Papers, Notes, Videos Install Now Accountancy publication ltd. issued 50000 equity shares of 10rup each at a premium of 10% payable as under: On application 3; on allotment 4(premium);on first call 2;and on final call 2. The whole of the issue was called for by the company and all the money were duly received except the allotment and calls money on 500 shares. These shares were, therefore, forfeited and later on re-issued at 9 per share as fully paid. Pass the necessary journal entries to record the above transaction. Plz sir solve it..

Posted by Shiv Yadav 6 days, 6 hours ago

CBSE > Class 12 > Accountancy

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Z Ltd. forfeited 800 equity shares of Rs. 10 each issued at a discount of 10% for the non-payment of first and final call of Rs. 3 per share. The forfeited shares were reissued at Rs. 12 per share as fully paid-up.

Posted by Kumari Shailja 6 days, 13 hours ago

CBSE > Class 12 > Accountancy

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Angad Ltd with authorised capital of 6 lakh invited application for 40000 equity shares at the rate 10 each

Posted by Anuradha Yadav 1 week, 4 days ago

CBSE > Class 12 > Accountancy

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Monalichakraborty 22.12.2022 Accountancy Secondary School answered • expert verified Ajay and Vijay are in partnership sharing profits and losses in the ratio of 3:1. On 1st April, 2021, their capitals were ₹ 1,00,000 and ₹ 90,000. The terms of their partnership are as follows: (i) Interest on capital to be allowed at @ 6% per annum. (ii) Interest on drawings to be charged @ 4% per annum. (iii) Partners to get a salary of ₹1,000 each per month. (iv) Vijay to get a commission of 2% on the correct net profit. (v) Any partner taking a loan from the firm to be charged interest on it @ 8% per annum. Ajay had borrowed ₹ 10,000 from the firm on 1st October, 2021. Vijay had withdrawn ₹ 8,000 on 1st July, 2021. During the year ending 31st March, 2022, the firm earned a net profit of ₹ 60,000 before any of the provisions mentioned in the partnership deed. You are required to prepare for the year ending 31st March, 2022: (i) Profit and Loss Appropriation Account. (ii) Ajay’s Capital Account.

Posted by Utkarsh Srivastav 17 hours ago

CBSE > Class 12 > Accountancy

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Mig ltd.

Posted by Mohit Gupta 10 hours ago

CBSE > Class 12 > Accountancy

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Y Ltd. reported a net profit after tax of `3,10,000 for the year ended 31st March 2016. The relevant items of Balance Sheet appeared as follows: 31.03.2015 31.03.2016 Inventories 4,50,000 3,90,000 Trade Receivables 1,50,000 2,20,000 Trade Payables 60,000 80,000 Prepaid Expenses 4,000 10,000 Goodwill 40,000 30,000 Provision for Tax 30,000 22,000 Following item appeared on the Profit & Loss Statement for the year ended 31st March, 2016: (i) Bad Debts written off during the year `10,000. (ii) Depreciation on Fixed assets charged during the year `34,000. Calculate the net cash flow from Operating Activities. BUSINESS STUDIES (05

Posted by Trisha Parsaniya 1 week, 2 days ago

CBSE > Class 12 > Accountancy

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Y ltd fortified 1500 shares of rs 10 each(Rs 7 called up valu) for non payment of allotment money of rs 4 per share including Rs 1 as permium of these 1000 shares were reissued of M and rs 6 per share and Rs 7 called up. Journalis the following transactions in books of Y ltd

Posted by Parth Khandelwal 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Practical file on cash flow of company

Posted by Raja Di Hatti 6 days, 7 hours ago

CBSE > Class 12 > Accountancy

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How to entry of debenture in cash flaw statment

Posted by Manish Keut 21 hours ago

CBSE > Class 12 > Accountancy

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Madhuri and Arsh were partners in a firm sharing profits and losses in the ratio of 3 : 1. Their Balance Sheet as at 31st March, 2019, was as follows : Liabilities Amount Assets Amount Capitals : Machinery 4,70,000 Madhuri 3,00,000 Investments 1,10,000 Arsh 2,00,000 5,00,000 Debtors 1,20,000 Workmen compensation fund 60,000 Less : provision for d/d 10,000 1,10,000 Creditors 1,90,000 Stock 1,40,000 Employees provident fund 1,10,000 Cash 30,000 8,60,000 8,60,000 On 1st April, 2019, they admitted Jyoti into partnership for 1/4th share in the profits of the firm. Jyoti brought proportionate capital and Rs 40,000 as her share of goodwill premium. The following terms were agreed up on : (i) Provision for doubtful debts was to be maintained at 10% on debtors. (ii) Stock was undervalued by Rs 10,000. (iii) An old customer whose account was written off as bad, paid Rs 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 Rs 70,000. (vi) Creditors included a sum of Rs 27,000 which was not likely to be claimed. Posted by Komal Yadav

Posted by Anvika Chaudhary 2 days, 10 hours ago

CBSE > Class 12 > Accountancy

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