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Vikram blender and pragyan are partner …

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Vikram blender and pragyan are partner sharing profit in the ratio of 321 their capital were 3 lakh 2 lakh and 1 lakh as on April 1 2022 partner or entitle to interest on capital 8% per annum per Gyan is given guarantee that is here of profit in any year will not be less than 38000 short for any to be born by Vikram following is the profit and loss app account for year ended

Posted by Komalpreet Kaur 1 month, 1 week 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 week ago

CBSE > Class 12 > Accountancy

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On 1 April 2021 x, y and z starded a business un partnership contribute 90000 at first

Posted by Shivangi Shivi 1 day, 2 hours ago

CBSE > Class 12 > Accountancy

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Tom and Josh are partners in a firm sharing profits and losses in the ratio of 3 1. They admed Max as a new partner 1/10th share in the profits and losses. Max contributes the following assets to his capital and his share for goodwill: Sma a0,000 Land and Building 3,00,000, Plant and Machinery 2,60,000, Capital 74,00,000. Record the journal entries in the books of the firm on Max's admission. necesey

Posted by Vansh Sharma 2 weeks, 2 days 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 2 weeks ago

CBSE > Class 12 > Accountancy

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Rajesh and Rakesh are partners in a firm sharing profit and loss in the ratio 3:2 there their balance sheet as 31st March 2023 students follows

Posted by Srinivas Srinivas 2 days, 16 hours ago

CBSE > Class 12 > Accountancy

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Posted by Sushant Kamboz. 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Posted by Himalaya Singhal 1 week, 6 days ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy