CBSE > Class 12 > Accountancy | CBSE Board | Homework Help

1) Registration of a partnership firm is optional but in case of limited liability partnership ,,it is compulsory. 2) interest on capital is allowed to compensate that partner who contributed excess capital in the firm. 3) it is not necessary to make partnership agreement in writing but it is useful to make partnership agreement in writing because it helps to settle disputes and misunderstandings among partners

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Adjustment of profit on revaluation of assets and reassessment of liabilities was rs 10000

Posted by Abhinav Mishra 1 day, 16 hours ago

CBSE > Class 12 > Accountancy

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Yogesh Shukla 16 hours ago

Revaluation ac dr. To old partners capital or current ac

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What is the sub heading of patent being developed by company

Posted by Pankaj Kriplani 1 day, 16 hours ago

CBSE > Class 12 > Accountancy

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Sia 🤖 1 day, 16 hours ago

BALANCE (ASSETS SIDE ONLY)

Particulars	Note No.	Rs.
I. ASSETS
1. Non Current Assets:
a. Fixed Assets
Tangible
Intangible
Capital Work in Progress
Intangible Assets under Development
b. Non Current Investments
c. Deferred Tax Assets (Net)
d. Long term Loans and Advances
e. Other Non Current Assets
2. Current Assets:
a. Current Investments
b. Inventories
c. Trade Receivables
d. Cash and Cash Equivalents
e. Short-term Loans and Advances
f.Other Current Assets

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What are changes when capital are fixed?

Posted by Shivam Sharma 1 day, 20 hours ago

CBSE > Class 12 > Accountancy

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Chpter 1 partnership firm Unsolved question no 11 Dk goel

Posted by Muskan Agarwal 1 day, 21 hours ago

CBSE > Class 12 > Accountancy

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Sagar Sharma 1 day, 2 hours ago

Ho jayega mgr apko ese smjha nhi skte kyuki yaha pe smjhana mushkil h

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X,Y,Z were in partnership sharing profits and losses equally. Y retires from the firm. After adjustments,his capital account shows a credit balance of 300000 as on 1 st April,2016 . Balance due to Y is to be paid at 3 equal annual installments along with interest @10% p.a . Prapare Y's loan account until he is paid the amount due to him. The firm closes its books as on 31'st march every year .

Posted by Sneha Gupta 2 days, 7 hours ago

CBSE > Class 12 > Accountancy

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Comperhensive question of coffee including gst with solution

Posted by Tristi Rajput 2 days, 8 hours ago

CBSE > Class 12 > Accountancy

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Aand B are partners sharing profits in the raio of 3:1. C admitted and new ratio is 5:3:2 .calculate sacrificing ratio

Posted by Surendra Gangwar 2 days, 12 hours ago

CBSE > Class 12 > Accountancy

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Sia 🤖 2 days, 12 hours ago

Old Ratio of A and B = 3 : 2
New Ratio Of A, B and C = 5 : 3 : 2
Sacrifice of share = Old share - New share
Thus, A's sacrifice is {tex}\frac { 3 } { 5 } - \frac { 5 } { 10 } = \frac { 6 - 5 } { 10 } = \frac { 1 } { 10 }{/tex}
And, B’s sacrifice is {tex}\frac { 2 } { 5 } - \frac { 3 } { 10 } = \frac { 4 - 3 } { 10 } = \frac { 1 } { 10 }{/tex}
Hence, sacrificing ratio of A and B = {tex}\frac { 1 } { 10 } : \frac { 1 } { 10 }{/tex} or 1 : 1.

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How to do comprehensive project???

Posted by Anna Anna 2 days, 16 hours ago

CBSE > Class 12 > Accountancy

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Freatment of Hidden Goodwill). Rurn and Rahim are partners in a firm They share profits snd losses in the ratio of 3:2. Their Balance sheet as at 31 March, 2014 was Liabilities Rs. Assets Rs. Capital A/cs Cash at Bank 1,20,000 3,00,000 150.000 Ram 2,00,000 20.000 Debtors 1,80.000 Rahim Craditors Bills Payable Outstanding Rent 4,50.000 Less:prov.ForBD 1.50.000 Stock 80.000 Plant and Machinery 20.000 Prepaid Expenses 7,00,000 50,000 3.40,000 10,000 7,00,000 They admiticd Prabhu as a new pariner on I" April, 2014 on the following terms ) Prabhu will bring in Rs. 2,00,000 as capital and the necessary amount for goodwill. (ii) The new prolit-sharing ratio among Ram, Rahim and Prablu will be 5:3:2 (i) The amount of goodwill is to be based on Prabhu's share in profits and capital contributed by him. (iv) Stock to be depreciated by 10% Provision for Doubtful Debts is to be only Rs. 5,000. (v) (vi) Plant and Machinery Prepare Revaluation Account, Bank Account, Partners' Capital Accounts and the Balance Sheet of the New are to be depreciated by 5%.

Posted by Vansh Khurana 2 days, 17 hours ago

CBSE > Class 12 > Accountancy

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25 MCQs of chapter 1 financial statement not for profit organization

Posted by Suniti Singh 2 days, 18 hours ago

CBSE > Class 12 > Accountancy

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Ks Praveen 2 days, 11 hours ago

this important for profit organization

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Accountancy short case study on any enyerprise

Posted by Anish Khan 2 days, 20 hours ago

CBSE > Class 12 > Accountancy

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Is there Any project in net ABI comprehensive project with gst

Posted by Anees Mariam 3 days, 10 hours ago

CBSE > Class 12 > Accountancy

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Nehru club has 1500 members .each contributes rs 50 p.a. total subscription received during the year ending 2017 was rs 105000 including 25000 for the yr 2016 and 22000 for the year 2018 .forty members paid their subscription for 2017 in 2016 . Compute subscription

Posted by Sanchi Jain 3 days, 11 hours ago

CBSE > Class 12 > Accountancy

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Page no.-5.113, Question no. 102, Chapter 5, T.S.Grewal

Posted by Kaamni Sharma 3 days, 11 hours ago

CBSE > Class 12 > Accountancy

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Babu Seer Singh 2 days, 20 hours ago

Apna whatsapp no bhej dena takiii me. Uspr answer ka pic bhej du

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x and y are partners in a firm.z is admitted as a new partner and new psr between is decided 1:2:2 the sacrificing ratio is 4:1 calculate old psr

Posted by Rhea Chattani 3 days, 11 hours ago

CBSE > Class 12 > Accountancy

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Alisha Wadhwa 2 days, 20 hours ago

New+sacrifice = old X: Old= 1/5+4/5=5/5 Y: Old=2/5+1/5=3/5 Hence,old ratio=5:3

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x and y are partners in a firm.z is admitted as a new partner and new psr between is decided 1:2:2 the sacrificing ratio is 4:1

Posted by Rhea Chattani 3 days, 11 hours ago

CBSE > Class 12 > Accountancy

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Page no 3.163. Question number 76 of dk Goel

Posted by Ratnesh Pandey 3 days, 13 hours ago

CBSE > Class 12 > Accountancy

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Ram and raghav were twin brothers ram was interested in computer science.......

Posted by Arnavsingh Yadav 3 days, 14 hours ago

CBSE > Class 12 > Accountancy

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A b and c were partners in a firm sharing profit and losses in the ratio of 2:2:1 their balance sheet as on 31st March 2018 was as follows... Liabilities- creditors 20,000 bills payable 5,000 general reserve 40,000 workmen compensation reserve 35,000 investment fluctuation reserve 10,000 capital account a 2,00,000 b 150000 1,00,000 lakh Asset -cash and Bank 30,000 daters 60,000 stock 1,50,000 investment (market value 320,00 )40000 plant and machinery 2,60,000 profit and loss account to 20,000 ..D is admitted for 1/4th share ..Pass journal entry

Posted by Aryan Rana 3 days, 17 hours ago

CBSE > Class 12 > Accountancy

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There is only 20 objective in which we have to give answer in words and make accounts in left 60 marks question in 80 number paper

Posted by Abhijeet Jadon 3 days, 17 hours ago

CBSE > Class 12 > Accountancy

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Sia 🤖 3 days, 17 hours ago

Check the syllabus here : <a href="https://mycbseguide.com/cbse-syllabus.html">https://mycbseguide.com/cbse-syllabus.html</a>

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Rajat Vashisth 2 days, 8 hours ago

Yes. But don't take it lightly. The one word will trouble you the most. Few questions will be Hots which will be hell tricky and not to mention, even lengthy.

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Solution of account

Posted by Mohd Javed 4 days, 4 hours ago

CBSE > Class 12 > Accountancy