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Y ltd. forfeited 1500 shares of Rs 10 each(Rs 7 called up) for non payment of allotment money of Rs 4 per share including Rs 1 as premium. Out of these 1000 shares were reissued to M as per share of Rs 7 called up. Journalise the above.

Posted by Nvneet Kaur 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Yash Pant 5 years, 11 months ago

Bank A/c. Dr 7000 To share capital A/c 7000 Reason: if information is not given as to how much amount is credited to share capital account it is credited with the amount credited before forfeiture

5Thank You

Aman Talreja 5 years, 11 months ago

Bank a/c Dr 7000 Share forfeited Dr 3000 To share cap a/c 10000

0Thank You

ANSWER

stock absolete item in revaluation account

Posted by Bidyut Sonowal 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and B were partners in a firm .They admit C as a new partner contribute stock Rs.30,000;Furniture Rs.40,000;Machinery Rs.Rs.1,00,000 and cash Rs.20,000 towards his Capital and Goodwill.Goodwill on the due date of admission was valued at Rs.1,80,000.Calculate C’s share of Capital

Posted by Anish Lahoty 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Gayatri Nanda 5 years, 11 months ago

Without any share or ratio??

0Thank You

ANSWER

P, Q and R are running a partnership firm. P is entitled a commission of 5% of net profit. Pass the necessary journal entry for recording this commission in the book profit for the year amounted ₹ 500000?

Posted by Abhi Saini 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Gayatri Nanda 5 years, 11 months ago

Profit n loss appropriation account Dr. To p's capital/ commission account with 25000

0Thank You

ANSWER

. X, Y and Z are partners sharing profits and losses equally. Their capital balances on March 31, 2012 are 80000360000 and 340,000 respectively. Their personal assets are worth as follows : X-20,000, X-15,000 and Z- 10,000. The extent of their liability in the firm would be : (A) X-80,000: Y-60,000 : and Z-40,000 (B) X-20,000: X-15,000 : and Z-10,000 (C) X- 2100000 : Y- 375,000 : and Z-50,000 (D) Equal

Posted by Manpreet Singh 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

treatment of increase in bank overdraft in cash flow statement

Posted by Geetam Kabra 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Priyanshi Sahu 6 years ago

Will be added in financing activity.

1Thank You

ANSWER

A and b are the partners in a firm with capital 54000 and 36000 resp. They admitted C as a partner for 1/3rd share in the profit . C brought capital proportionate to his capital. Then how much capital brought by C ?

Posted by Sakshi Uppal 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Haya Fatima 5 years, 11 months ago

90,000×3/2×1/3= 45,000

1Thank You

Vishwajeet Jha 6 years ago

30000

0Thank You

ANSWER

What is the weight age of questions chapter wise for 2019-20 cbse board examination?

Posted by Somya Sain 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Pg no 6.57

Posted by Shivam Rawat 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Amar Rawat 5 years, 11 months ago

Rawat saab kya batana cha rahe ho..

0Thank You

ANSWER

Difference between expenses and expenditure??

Posted by Sunidhi Singh 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Vishwajeet Jha 6 years ago

expenses are those costs which are incurred to earn revenues whereas expenditures are those costs which are incurred to purchase or increase the value of the fixed assets of the organisation.

1Thank You

ANSWER

Treatment of "Finance Cost" in Cash Flow Statements

Posted by Dd D 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Dd D 6 years ago

What treatment of interest payable with respect to finance cost

1Thank You

Vishal Biyani 6 years ago

Subtract it from financing activity and add it in operating activities

1Thank You

ANSWER

Treatment of interest on Bank Overdraft in Cash Flow Statements?

Posted by Dd D 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Vishal Biyani 6 years ago

Subtract from financing activity and add in operating activities

1Thank You

ANSWER

In partnership jurnal how profit is transferred at last

Posted by Lil Pshyo 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Maanvi ?‍♀? 6 years ago

In given profit sharing ratio or if profit sharing ratios are not given then in equal ratio.

1Thank You

ANSWER

....... is a scheme under which whole time director officer and employee of a company are right to purchase the securities of the company at a future date

Posted by Alka Roy 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Alka Roy 6 years ago

Plz reply my answer it is too late

0Thank You

ANSWER

Give any one circustance in which sacrificing ratio may be applied

Posted by Alka Roy 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years ago

Circumstances in which sacrificing Ratio may be applied are:
(i) At the time of admission of a new partner for distributing goodwill brought in by the new partner.
(ii) For adjustment goodwill in case of change in Profit - sharing ratio of existing partners.

1Thank You

ANSWER

Tax reserve is shown under the major head.........

Posted by Alka Roy 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Afreen Parween 5 years, 11 months ago

Shareholder's fund- heading Reserve and surplus - sub- heading

0Thank You

Amrainder Singh 6 years ago

Current liability

0Thank You

ANSWER

why are marketable securities included in cash and cash equivalents

Posted by Geetam Kabra 6 years ago

CBSE > Class 12 > Accountancy

3 answers

Maanvi ?‍♀? 6 years ago

Examples of cash equivalents include commercial paper, Treasury bills, and short-term government bonds with a maturity date of three months or less. Marketable securities and money market holdings are considered cash equivalents because they are liquid and not subject to material fluctuations in value.

4Thank You

Alka Roy 6 years ago

Say thank to me i am a 12 standard student

1Thank You

Alka Roy 6 years ago

Cash on hand bank balance and current investment is marketable securties

1Thank You

ANSWER

What is the difference between extraordinary items and non operating items ?

Posted by Sakshi Uppal 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is tradaing account??

Posted by Sunidhi Singh 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years ago

Trading account shows the result of buying and selling of goods for a particular period. The trading account records the amount of purchase and expenses relating to manufacturing of goods are known as direct expenses. When sales exceed the cost of the saleable stage, all these expenses are known as direct expenses. When sales exceed the cost of goods sold, it results in gross profit and gross loss will result in the reverse case.

1Thank You

ANSWER

What's balance sheet

Posted by Sonali Mishra 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years ago

A balance sheet records a company’s assets, shareholders‘ and liabilities equity at a particular point of time and furnishes a basis for calculating rates of return and assessing its capital substructure. It is a financial statement that furnishes a print of what a company possesses and incurs, and the amount invested by investors.

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ANSWER

while preparing the financial statement the accountant has put together items of similar nature under a common heading thi process is called..........

Posted by Kulwant Singh 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yash Pant 5 years, 11 months ago

Classification

0Thank You

ANSWER

Jb ltd issued 10,00,000 6% debenture qt a premium of 4% redeemable at a premium of 5% after 4 year the debenture were issued on 1 January 2001 .pass journal entries at the time of issue and redemption of debenture

Posted by Rishu Khan 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Treatment for provision for doubtful debt in cash flow statement

Posted by Shivani Melka 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Asif and ravi are partners in a firm sharing profits and losses in ratio of 3:2. Their fixed capitals as on 1 april,2016 were ₹600000 and ₹400000 respectively.their partnership deed provided for the following : Partners are to be charged interest on drawing@ 4% per annum Partners are to be allowed inrerested on their capitals @10% per annum

Posted by K Raj 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Sir Can i know the chapterwise weightage of accountancy.. class12th board exam

Posted by Keshav Modi 6 years ago

CBSE > Class 12 > Accountancy

3 answers

Maanvi ?‍♀? 6 years ago

In accountancy everything is important, there are not specific topics, if sushil you want you can take reference of Sample papers.

0Thank You

Sushil Shrivas 6 years ago

Hlw ! Can you give tell some imp and optional topics???

0Thank You

Maanvi ?‍♀? 6 years ago

See the syllabus of accounts in this app, not chapter wise but books wise weightage is given

0Thank You

ANSWER

Proportnate method of retirement

Posted by Anjana Govindani 6 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

I want to ask about the treatment of proposed dividend...... If it is given under sub head 'short term provision' either we take current year's amount in operating and previous in financing OR take amount of previous year in both places

Posted by Shivang Varshney 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Rupender Singh 6 years ago

Bro treatment of proposed dividend is quiet different from others. Just try to understand what i want to tell you ... Proposed Dividend P/y. C/y. #operating 1st.(add) X #financing (less) No use

0Thank You

ANSWER

'dividend received from current investment' treatment in cash flow statement

Posted by Geetam Kabra 6 years ago

CBSE > Class 12 > Accountancy

3 answers

Jasmine Sharma 6 years ago

I think it's neither financial nor investing activity. Bcoz current investments are part of cash and cash equivalents.

1Thank You

Jasmine Sharma 6 years ago

Dividend received is investing activity Not financing, as financing activities include Payment of dividend .

1Thank You

Rupender Singh 6 years ago

Add in financing activities

1Thank You

ANSWER

adjustment of provision for tax if Income Tax paid is not given in cash flow statement

Posted by Geetam Kabra 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Rupender Singh 6 years ago

If income tax paid is not given to apko ya to made given hoga...to aap income tax account khole ke b/f paid nikal skte ho (to cash) other wise if made is also not given then p/y provision for tax ko he made and paid dono mano

2Thank You

ANSWER

treatment of loss of asset due to fire in cash flow statement

Posted by Geetam Kabra 6 years ago

CBSE > Class 12 > Accountancy