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ram and shyam case study

Posted by Dev Saini 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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Commenced business with cash 10000

Posted by Kalpna Punmagar 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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Start business with cash 10000 brought goods from manvir2000

Posted by Op Gaming 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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Angad, Fateh and Kothari were partners in a firm sharing profits in the ratio of 3 : 4 : 5. The fixed capitals were Angad Rs.2,00,000, Fateh Rs.2,50,000 and Kothari Rs.3,00,000 respectively. The partnership deed provided for the following: (i) Interest on capital @6% p.a. (ii) Salary of Rs.15,000 p.a. to Kothari. (iii) Interest on partner’s drawings will be charged @12% p.a. (iv) During the year ended 31.3.2009 the firm earned a profit of Rs.1,35,000. (v) Angad withdrew Rs.5,000, Fateh withdrew Rs.6,000 and Kothari withdrew Rs.7,500 on 31.12.2008

Posted by Meenu Chaurasiya 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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A business story with 25 transactions related to the business

Posted by Avijit Bera 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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The trial balance of Shri Manoj Kumar & Sons in respect of the year ending 31st March 2019 in given below.

Posted by Ayush Agrawal 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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X and Y started business with capital of Rs. 1,00,000 and Rs. 60,000 on 1st April 2018. Y is entitled to a salary of Rs. 800 per month. Interest is allowed on capitals and is charged on drawings at 6% per annum. Profits are to be distributed equally after the above noted adjustments. During the year X withdrew Rs. 16,000 and Y withdrew Rs. 20,000. The profit for the year before allowing for the terms of the partnership deed came to Rs. 60,000. Assuming the capitals to be fixed , prepare the capital and current accounts of X and Y.

Posted by Balkrishna Porwal Balkrishna Porwal 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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Balkrishna Porwal Balkrishna Porwal 1 year, 4 months ago

20000

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Assassin a accounting equation means assets are always equal to capital and liability reason are under double entry concept every debit will have a corresponding credit option A both a and R current B A is correct but R is not correct c both A and R incorrect d R is correct A is incorrect

Posted by Chetan Sharma 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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On 1st April 2017, the total assets in external liabilities where rupees and rupees 10000 expectability during the year the proprietor introduced additional capital of rupees 50000 and head with rupees 1000 per month for personal use at the end of the year the total assets we are rupees 3 lakh calculate capital as Kaun Dharti March 2018 and profit and during the year

Posted by Chetan Sharma 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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Supplied goods costing 3600 to Sanjay . Issued invoice at 20 % above cost less 10 % trade discount

Posted by Shreya Verma 1 year, 4 months ago

CBSE > Class 11 > Accountancy

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I'm so confused while preparing balance sheet . Chapter accounting equation .

Posted by Prabh Virk 1 year, 5 months ago

CBSE > Class 11 > Accountancy

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Neerav and madhur are partners in a firm they share profits in the ratio of 3:2

Posted by Abhishek Parida 1 year, 5 months ago

CBSE > Class 11 > Accountancy

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Q43. Vikram Ltd. issued 50,000 shares of Rs. 10 each at a premium of Rs. 1 per share payable as follows: Rs. 3 on Application Rs. 4 on Allotment (including premium) Rs. 2 on First Call Balance when required Applications were collected for 46,000 shares and all of these were accepted. Directors did not make final call. A shareholder holding 800 shares did not pay the (Rs.) pending on first call. The shares were forfeited and re-issued at Rs. 7 per share, Rs. 8 per share paid. Pass Cash Book and Journal Entries

Posted by Uditya Jha 1 year, 5 months ago

CBSE > Class 11 > Accountancy

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Journal entries of Q 18. Ch 3

Posted by Harini Brahmbhatt 1 year, 5 months ago

CBSE > Class 11 > Accountancy

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To know the exact reason leading to net profit or net loss

Posted by Mohit Arora 1 year, 5 months ago

CBSE > Class 11 > Accountancy

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On 1st may 2020 cash book bank overdraft balance was ₹4000 on depositing ₹20,000 into bank and giving a cheque of ₹14,400 for rent the balance will be

Posted by Anshul Verma 1 year, 5 months ago

CBSE > Class 11 > Accountancy

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Difference between expenses and expenditure

Posted by Rehaan Nanda 1 year, 6 months ago

CBSE > Class 11 > Accountancy

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Ashish Prajapati 1 year, 5 months ago

Expenses refer to the cost of goods or services that are used up in the process of generating revenue. Expenditure refers to the outflow of cash or other assets in order to make a purchase. Expenses are classified

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The following is the trial balance of Zoya steel ltd. As on 31st March 2018

Posted by Ankita Chauhan Ankita Chauhan 1 year, 6 months ago

CBSE > Class 11 > Accountancy

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sum

Posted by Arifa Meharun 1 year, 6 months ago

CBSE > Class 11 > Accountancy

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Kuldeep, general merchant, keeps his accounts on that informatio the results of his business on alat March, 2023 and for that following information is ava 1st April, 2022 (1) 1,50,000 31st March, 2023 1,75,000 Cash in Hand 7,50,000 Bank Balance Furniture Stock 6,50,000 Creditors 3,50,000 Debtors 2.50,000 3,00.005 During the your, he had withdrawn ₹5,00,000 for his personal use and as additional capital. Calculate his profits on 31st March, 2023 and Stateme of Affairs as on that date. invested ₹25000円 (Profit - 74 ,75,000)

Posted by Tanishka Thakur 1 year, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Ad Raj 1 year, 6 months ago

500

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Define provision

Posted by Sneha Gupta 1 year, 6 months ago

CBSE > Class 11 > Accountancy

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Mutri Kadila 1 year, 6 months ago

Provision is a charge against profit that created to meet future possible losses like bad debts.

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Which method is best

Posted by Piyush Sama 1 year, 7 months ago

CBSE > Class 11 > Accountancy

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What is n8n current assets

Posted by Shivi Tiwari 1 year, 7 months ago

CBSE > Class 11 > Accountancy

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Priyanshu Singh 1 year, 7 months ago

That's goods which doesn't use for long time in business is know as non current assets.

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the following is the trial balance of Zoya steel limited on 31st March 2018 as required to prepare accounting profit and loss account balance sheet as on that date after considering the following adjustment

Posted by Satyajeet Phakhira 1 year, 7 months ago

CBSE > Class 11 > Accountancy

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Cheque for 8400 sent for collection have not been cleared by the bank

Posted by Lincy Soni 1 year, 7 months ago

CBSE > Class 11 > Accountancy

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Jayant Jain 1 year, 7 months ago

-8490

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How to give commission before net profit of 20%

Posted by Puneet Pathak 1 year, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Priya Sharma 1 year, 7 months ago

XX % of commission / 100 +rate of commission

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Akashi Baruah 1 year, 7 months ago

net profit before commision×20/100

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Ram Purchased computer on 01.04.2010 for 6, 00,000. They are charging depreciation on written down value method. On 31.3.2011, they sold the computer for 1, 65,000 and incurred a loss of 75,000. What was the rate of depreciation p.a.?

Posted by Ayisha Jia 1 year, 7 months ago

CBSE > Class 11 > Accountancy

2 answers

Priyanshu Singh 1 year, 7 months ago

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Kartik Gupta 1 year, 7 months ago

10 percent

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In which acc premises go

Posted by Nidhi Khatwani 1 year, 7 months ago

CBSE > Class 11 > Accountancy

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Priya Sharma 1 year, 7 months ago

Premises or property where the business has gone is property or plants and equipment and in final account asset side of balance sheet

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Antima Agarwal 1 year, 7 months ago

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

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34 The following is the Trial Balance of Zoya Steels Ltd. as on 31 March 2018. 6 Name of Accounts Debit (Rs) Credit (Rs) Cash in Hand 1,080 Cash at Bank 5.260 Purchases and Sales 81,350 1,97,560 Return Inwards and Outwards 1.360 1.000 Wages 20,960 Fuel and Power 9,460 Carriage on Sales 13,400 Carriage on purchases 4,080 Opening Inventory 11,520 Building 60,000 Freehold Land 20.000 Machinery 36.000 Salaries. 33,000 Patents 12,000 General Expenses 6,000 Insurance 1.200 Capital Drawings Sundry Debtors and Creditors Total 1,42.000 10,490 29,000 15,600 3,56,160 3,56,160 You are required to prepare Trading Account, Profit& Loss Account and Balance Sheet as on that date after considering the following adjustments- 1. Inventory at the end was 13,600, 2. Insurance includes a premium of 170 for the next year. 3. Wages include a sum of 4,000 spent on the erection of cycle shed for employees. 4 A provision for bad and doubtful debts is to created on debtors @5% on sundry debtor. 5. Manager is to be given a commission of 10% on Net Profits before charging such commission.

Posted by Anurag Kashyap 1 year, 7 months ago

CBSE > Class 11 > Accountancy