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. A, B and C were partners in a firm sharing profits and losses in the ratio of 3:21. C died on 30th June, 2016. After all the necessary adjustments, his capital account showed a credit balance of 70,600. C's executor was paid 10,600 on 1st July, 2016 and the balance in three equal yearly instalments starting from 30th June, 2017 with interest @10% p.a. on the unpaid amount. The firm closes its books on 31st March every year. (C.B.S.E. 2019, Comptt.) Prepare C's Executor's Account till the amount is finally paid.

    • Posted by Vishnu Prajapati 2 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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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 3 days, 4 hours ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Tanya Chaudhary 1 week, 6 days ago

    CBSE > Class 12 > Accountancy
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    • Posted by Tanya Chaudhary 1 week, 6 days ago

    CBSE > Class 12 > Accountancy
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    • Posted by Vansh Sharma 1 week, 4 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    Posted by Prachi Yadav 1 day, 18 hours 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

    • Posted by Chhavi Jain 2 days, 19 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Sushant Kamboz. 3 days, 15 hours ago

    CBSE > Class 12 > Accountancy
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    • Posted by Pozhil Veer 1 week, 2 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Saksham Aryan 1 week, 2 days ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Himalaya Singhal 1 week, 1 day ago

    CBSE > Class 12 > Accountancy
    • 0 answers

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