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

No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question

Comment on liquidity postion of x ltd.from the financial data of the company.by caluculating quick ratio Cureent assets 1000000 Current liability 200000 Inventory 400000

Posted by neet****@***** 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Ayushi Chouhan 5 years, 10 months ago

Quick ratio = quick asset/current liability = 600000/200000 = 3:1 Quick assets = current assets - inventory - prepaid expense = 1000000- 400000- 0 = 600000

0Thank You

Hardik Gupta 5 years, 10 months ago

Quick ratio = current assets - inventory/current liab. Therefore, 600000/200000 =3:1 Since ideal ratio should be 1:1 but firm has better liquidity position than required

0Thank You

ANSWER

A and B are partners of h firm having a capital of 54000 and 36000 Respectively.they admitted C for 1/3 share In the profit C brought proportionate amount of capital. Which amount C brought??

Posted by Saloni Gupta 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Ayushi Chouhan 5 years, 10 months ago

Combined capital = A+ B =54000+ 36000 =90000 Combined share = 1 - 1/3 =2/3 X- 2/3 = 90000 X = 90000× 3/2 = 135000 C's share = 135000 × 1/3 = 45000

0Thank You

Ritesh Maheshwari 5 years, 10 months ago

45000

2Thank You

ANSWER

The average profit earned by a firm is 100000which includes undervaluation stock of rs 40000on an average basis.the capital invested in the business is 630000and the normal rate of return is 5%.calculate good will on the firm on the basis of 5times the super profit. Pls give me solution

Posted by Archana Verma 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A,B are partners in the firm shared the profit in the ratio 4 : 3 on 1st January 2015 they admitted c as a new partner on the date of admission the balance sheet of a and b show the general reserve of 70000 and debit balance of 7000 in profit and loss account pass journal entries for the treatment of the items on C admission with 1.partner decided not to show this balance in the books of new firm 2. partner decided to show this balance in the books of new firm

Posted by Mahi Singh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Ayushi Chouhan 5 years, 10 months ago

1) general reserveDr 70000 To A 40000 To B 30000 A Dr 4000 B Dr 3000 To p/l 7000 2) B Dr 5500 To A 5500

0Thank You

ANSWER

Opening stock is 35000 closing stock is 26000, opening creditor is 20000 and closing creditor is 32000 sport material purchased during the year ended 31-3-2017 were 200000 calculate the amount of sports materials to be debited in income and expenditure account for the year ended 31st March 2019

Posted by Niharika Niharika 5 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Ayushi Chouhan 5 years, 10 months ago

Openins stock = 35000 + cash purchase = 0 + credit purchase = 32000( find by creditor a/c) - sales = 0 - closing stock = 26000 Total = 41000

0Thank You

Kishor Kumar 5 years, 10 months ago

35000+200000-26000=209000 creditors is not included because purchase is given

0Thank You

Pratap Bharti 5 years, 10 months ago

2,00,000+35,000+32,000--26,000--2,0000=2,21,000

3Thank You

Ritesh Patel 5 years, 10 months ago

197000

1Thank You

ANSWER

What is book keeping

Posted by Runak Morya 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Kabir Singh 5 years, 10 months ago

Book keeping is keeping the record in systematic order....

0Thank You

ANSWER

A and b are partners sharing profits. They admit Cas a new partner. C contributes stock ₹30,000; furniture₹40000 machinery ₹100000 and cash 20000 towards his capital and goodwill. Goodwill in the date of admission was valued at ₹180000. Calculate C's share of goodwill and capital

Posted by Sukrati Tiwari 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Suyam Kumar 5 years, 10 months ago

30000

0Thank You

ANSWER

What is the treatment of closing balance of securities premium reserve in cash flow statement

Posted by Kishor Kumar 5 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Pratap Bharti 5 years, 10 months ago

Sayed fanancing m add hoga ?

1Thank You

Chotu Pal 5 years, 11 months ago

Operating activities m add hoga

1Thank You

ANSWER

Previous year question paper had same or not means only difference in question number but statement will be same plz tell me

Posted by Jaspreet Singh 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Nirmal Singh Jammu 5 years, 10 months ago

No , this is not true. Question paper is totally different .

0Thank You

ANSWER

Which amongst the following shares confer voting rights on its holders

Posted by Aahuti Dodiya 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Ritesh Patel 5 years, 10 months ago

Equity shares

0Thank You

ANSWER

Under which activity sale of shares of another shares is included in cash flow statement

Posted by Mahesh Saini 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Ritesh Maheshwari 5 years, 10 months ago

Add in investing activities

1Thank You

ANSWER

Xyz entered into partnership on 1st October 2017 to share profits and losses in the ratio of 4:3:3. X, personally guaranted that z share of profitafter charging interest on capital 10% per annum. would not be less than 80000 in any year. The capital contribution were x 300000, Y 200000 and z rupees 150000 .profit for the year ended 31st March rupees 160000. Prepare profit and loss appropriation account. Please give me the solution I need

Posted by Archana Verma 5 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Ayushi Chouhan 5 years, 10 months ago

Profit X= 38000- 51500 Y= 28500 Z= 28500+ 51500 Total 95000

0Thank You

Archana Verma 5 years, 11 months ago

Sorry answer sheet me match nhi ho raha

0Thank You

Ishika Arora 5 years, 11 months ago

X=1500 Y=28500 Z=65000 bta bhi dena shi h ya ni

1Thank You

ANSWER

retirement of partner is ........ of partnership firm

Posted by Kulwant Singh 5 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Chotu Pal 5 years, 11 months ago

Reconstitution

0Thank You

Amrainder Singh 5 years, 11 months ago

Reconstitution

0Thank You

ANSWER

Explain the data

Posted by Hitesh Agrawal 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Send questions on accounting for not for profit organizations and partnership firms with answers

Posted by Vishal Soni 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Writing of loss on issue of debenture is not on the syllabus

Posted by Anjali Singh 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Balam Singh Rawat 5 years, 11 months ago

This is in our syllabus

0Thank You

ANSWER

Pls send questions no. 64 ,65,69

Posted by Akash Bisht 5 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Samar Gagneja Panjabi Boy Samar 5 years, 11 months ago

Kon se chapter ke ? ?

0Thank You

Akash Bisht 5 years, 11 months ago

Of t s Grewal book edition 2019

3Thank You

ANSWER

Please give solution to question no. 72 on page 5.99 of T S Grewal. Chapter admission of a partner

Posted by Shelka Arora 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

X and y are partners sharing profit and losses in the ratio of 3:2. They employed z as their manager to whome they paid ae salary of rupees 7500 per month. Z had deposited rupees 200000 on which interest was payable@9% per annum. At the the end of the accounting year (I.e., 31st March 2018) 2017-18(after division of the year profit), it was decided that z should be treated as a partner with effect from 1st April 2014 with 1/6 share of profit his deposits Being considered as a a capital carrying interest 6% per annum. Like capital of other partners. The farm profit and losses after allowing interest on capital where 2014 to 15 profit rupees 590000 2015 to 16 profit rupees 626000 2016 to 17 loss rupees 40000 and 2017 to 18 profit rupees 780000. Record necessary journal entries to give effect to the above Interest on capital is to be allowed as a charged.

Posted by Archana Verma 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

ABC were partners their capitals 30,000 20,000 10000 respectively according to the partnership deed they were entitled to an interest on capital 5% p.a. in addition B was entitled tu to draw a salary of rupees 500 per month. C was entitled to a commission of 5% on the profit after charging interest on capital. But before charging the salary payable to B. The net profit for the year 30000 distributed in the ratio of capitals without providing for any e of the above adjustments. The profit were to be share in the ratio of 5 :3:2. Pass necessary adjustment entry showing the working clearly.

Posted by Archana Verma 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How is realisation expense met by firm treated at the time of admission

Posted by Sudarshan Pujari 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Nirmal Singh Jammu 5 years, 10 months ago

Dr. Realisation account and credit bank account

0Thank You

ANSWER

P q r are the partners sharing profits and losses 5:3:2, they decided to share future profit equally in future with the effect from 1st april 2019. On this date,the balance sheet showed a balance of rs 24000 in general reserve .pass journal entry for it.

Posted by Diksha Pandey 5 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Pratap Bharti 5 years, 10 months ago

Adjustment entry nhi boli hai.so, general reserve to old partners in old ratio

0Thank You

Balam Singh Rawat 5 years, 11 months ago

P's Capital A/C Dr 4000 To Q's Capital A/C 800 To R's Capital A/C 3200

0Thank You

ANSWER

dk goel solution of dissolution question no 6

Posted by Pratiksha Mishra 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Wellness co ltd issued 20000 90% debentures of rs 100 each

Posted by Sakshi Jain 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Interest coverage ratio

Posted by Nudhi Bhaes Singh 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How to prepare accounts in revision

Posted by Ayush Jain 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

From the information given below, calculate (1) Current Ratio and (in) Debt to Equity Ratio: Information: Net profit of the year 80,000; Fixed Assets 2,00,000; Closing Inventory 10,000; Other Current Assets 1,00,000; Current Liabilities 30,000; Equity Share capital 1,00,000; 10% Preference Share Capital 70,000; 12% Debentures 60,000 and Revenue from Operations, ie, Net Sales during the year 5,00,000 * I want debt to equity ratio *

Posted by Dhanuja Shri 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

a balance sheet of sona thomas as on 1-1-11 and 31-12-11 were....... during the year a machine costing 10000( accumulated depreciation 3000) was sold for 5000 the provision for depreciation...... net

Posted by Tanisha Mehta 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Mohan Patidar 5 years, 11 months ago

Hi tanisha wanna chat on instagram My id : mohan__patidar

3Thank You

ANSWER

main ltd inviting application for 112000.....?

Posted by Kirti Chauhan 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Pratap Bharti 5 years, 10 months ago

Over subscription ya under sub,

0Thank You

ANSWER

પૃવેશ

Posted by Parth Valand 5 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Page 100 of 338

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Install Now

Test Generator

Create papers online. It's FREE.

Try Now

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Install Now

myCBSEguide

myCBSEguide

Test Generator

CUET Mock Tests

Download myCBSEguide App

All Courses

Other Websites

CBSE Courses

Resources

Corporate

NCERT Solutions

CBSE Sample Papers