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    • Posted by Palak Kumari 3 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    • Posted by Annu Sahani 4 months ago

    CBSE > Class 12 > Accountancy
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    Q. 120. Risha and Nisha were partners. The partnership deed provides: (1) That the accounts be balanced on 31st December each year. (ii) The profits be divided as follows: Risha one-half, Nisha one-third and carried to Reserve account one-sixth. (ii) That in the event of death of a partner, her executor will be entitled to the following: (a) The capital to her credit at the date of death. (b) Her proportion of profit to date of death based on the average profits of the last three completed years. (c) Her share of goodwill based on three year's purchase of the average profits for the three preceding completed years. On 31st December, 2020 the Trial Balance was as under: Particulars Risha's Capital Nisha's Capital Reserves Bills Receivables Investments Cash Creditors Dr. (3) Cr. (3) 90,000 60,000 30,000 50,000 40,000 1,10,000 20,000 2,00,000 2,00,000 The profits for the three years were: 2018 ₹4,200; 2019 ₹3,900 and 2020 ₹4,500. Nisha died on 31st May, 2021. Draw up the deceased Partner's Capital A/c and Executor's A/c. Ans. Balance due to Nisha's Executor's ₹77,740.]

    • Posted by Srishti Arya 1 month, 1 week ago

    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    Posted by Account Deleted 4 months, 2 weeks ago

    CBSE > Class 12 > Accountancy
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    Posted by Rohith C 4 months, 2 weeks ago

    CBSE > Class 12 > Accountancy
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    Posted by Mahek Jhamtani 4 months, 2 weeks ago

    CBSE > Class 12 > Accountancy
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    CBSE > Class 12 > Accountancy
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    • Posted by Heer Sharma 4 months, 2 weeks ago

    CBSE > Class 12 > Accountancy
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    Sania Choudhary 4 months, 2 weeks ago

    hjj

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    • Posted by Jagdish Singh 4 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
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    Posted by Priyanshi Surana 4 months, 2 weeks ago

    CBSE > Class 12 > Accountancy
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    • Posted by Davinder Kaur Shergill 4 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
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    • Posted by Sanchit Kapri 4 months, 3 weeks ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sanchit Kapri 4 months, 3 weeks ago

    Sir question doubt

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    • Posted by Tenheiba Meetei 4 months, 4 weeks ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Sehajveer Singh 4 months, 3 weeks ago

    Firstly you have to calculate A.P as follows.. Step 1:5L + 4L + 6L= 15L. Step2: divide total by 3 because we added three values.. Its answer will be 500000 Step3: now they said calculate goodwill on basis of 4 years. Step4:now multiply your answer with 4. It will be 500000×4=20,00000 This is how goodwill will be calculated!

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    Sanchit Kapri 4 months, 3 weeks ago

    Sir question doubt

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    2 Sachin and Dravid are partners in a frm sharing profits and losses in the ratio of 3-2. Their balance sheet is given below. Balance Sheet as on 31.03.2017 Liabilities sets RS Creditors 18.000 Cash in Hand 2.000 els Payable 12.000 Cash at Bank 18.000 Reserve Fund 3.000 Sundry debtors 25.000 Capitals PD 2.000 23,000 Sachin 50,000 Stock 10,000 Dravid 50.000 100.000 Furniture 25,000 Buildings 50.000 P & L Account 5.000 133,000 133.000 On 01.04.2017 they admitted Ashwin as new partner into partnership on the following terms a. He brings in Rs. 40,000 as capital and Rs. 18,000 toward Goodwill for 1/4th share in future profits b. Depreciate Furniture by 10% and Buildings are revalued at Rs. 45,000. C.PDD increased to Rs. 3.500. d. Prepared insurance Rs. 2,000. Prepare: i). Revaluation Account ii). Partners Capital Account sii) New Balance sheet as on 01.04.2017 Ans:- Loss on Revaluation Account Rs. 7,000, Capital Account balance Sachin - Rs. 55,400, Dravid - Rs. 53.600, Ashwin - Rs. 40,000, Bank Account Rs. 78,000, Balance Sheet total Rs. 1.79,000)

    • Posted by Haarika Pattabiraman 4 months, 4 weeks ago

    CBSE > Class 12 > Accountancy
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    • Posted by Jaid Ali 4 months, 4 weeks ago

    CBSE > Class 12 > Accountancy
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