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The balance sheet of A and …

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The balance sheet of A and B as at 31st march,2018 is given below liabilities A,'s capital 60000 B's capital 30000 general reserve 24000 creditors 16000 Assets freehold property 20000 furniture 6000 stock 12000 debtors 80000 cash 12000 A and B shares profit and losses 2:1 they agree to admit C into the firm A provision for doubtful debts is to be created at 3% on the debtors furniture is depriciated by 5% stock is to be revalued at 10500 you are required to prepare a revaluation account

Posted by Namrata Kumari 5 months, 4 weeks ago

Jharkhand Board > Class 12 > Accountancy

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The balance sheet of A and B as at 31st march,2018 is given below liabilities A,'s capital 60000 B's capital 30000 general reserve 24000 creditors 16000 Assets freehold property 20000 furniture 6000 stock 12000 debtors 80000 cash 12000 A and B shares profit and losses 2:1 they agree to admit C into the firm A provision for doubtful debts is to be created at 3% on the debtors furniture is depriciated by 5% stock is to be revalued at 10500 you are required to prepare a revaluation account

Posted by Namrata Kumari 5 months, 4 weeks ago

Jharkhand Board > Class 12 > Accountancy

0 answers

x ltd. has rs 1200000 11 percent debentures outstanding on 1st april 2016 . during the year ,it took a loan of rs 4 lakh from axis bank for which company deposited debentures of rs 5 lakh as collateral security. pass journal entries and show how the debentures and bank loan will appear in the company's balance sheet?

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Jharkhand Board > Class 12 > Accountancy

1 answers

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Jharkhand Board > Class 12 > Accountancy

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Jharkhand Board > Class 12 > Accountancy

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Jharkhand Board > Class 12 > Accountancy

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Jharkhand Board > Class 12 > Accountancy

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Jharkhand Board > Class 12 > Accountancy

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Jharkhand Board > Class 12 > Accountancy

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A and B are partners with capital of 30000 and 10000 respectively on 1st April ,2017 . The trading profit (before taking into account the provision of deed ) for the year ended 31st March ,2018 was 12000. Interest on capital is to be allowed at 6%p.a. B is entitled to a salary of 3000 p.a. The drawing of the partners were 3000 and 2000. The interest on drawing for A is 100 and B 50 Assuming that A and B are equal partners ,prepare the profit & Loss Appropriation A/C as on 31st March ,2018 (The capital are fluctuating

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