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Last year question paper's solutions

Posted by Sushil Aggarwal 6 years ago

CBSE > Class 12 > Accountancy

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How the subscription written off will be shown in an income n expenditure Account

Posted by Komal Poddar? 6 years ago

CBSE > Class 12 > Accountancy

3 answers

Vinod Kumar 5 years, 6 months ago

It is same as bad debts in sole proprietorship business and other businesses. It will take place in the debit side of income and expenditure account. if written off amount is recovered then it will come credit side (same as bad debts recovered).

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Komal Poddar? 6 years ago

It will be added pr deducted??

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Prachi Singhal 6 years ago

Income side show

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How to calculate segmentation of a business firm using balance sheet and profit and loss ac of a company

Posted by Sri Vidya 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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How many days notice period given to a defaulter in torfeiture?

Posted by Ashish Pandey 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Geetam Kabra 6 years ago

14 days

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Cost of goods sold formula

Posted by Shashank Verma 6 years ago

CBSE > Class 12 > Accountancy

3 answers

Himani .. 6 years ago

Opening inventory + net purchases +direct expenses - closing inventory

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Vivek Dutt?? 6 years ago

Opening inventory +purchases -closing inventory

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Prem_ Kumar_Official 6 years ago

What is means of accountancy

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Define:- Average profit, Normal profit, And Super profit.

Posted by Suman Chauhan 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Maanvi ?‍♀? 6 years ago

Average profit : total profit / no of years. Normal profit : capital employed * rate /100 .Super profit: Average profit - normal profit.

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Reason for preparing profit and loss suspense account

Posted by Atiya Bano 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Kumar 6 years ago

If a partner is die on the end of an accounting year then we open P&L A/C but when a partner die in the middle or any date Which is earlier the end of accounting year so, we open P&L Suspens A/C because P&L A/C is prepare on the End of Accounting year

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Shivi Shivi 6 years ago

When a businessmen dies his capital and assets are transferred to his spouse; this is done through the Profit and Loss Suspense Account.

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He would pay cash for his share of goodwill would be based on 2.5 years purchase of average profit of past 4 years. Average profit of 4 years = 16500 His share 4/15th Calculate his share of goodwill

Posted by Suraj Thakur 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Kumar 6 years ago

11000

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Sakshay Aggarwal 6 years ago

90200rs

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As per new balance sheet why we add share forfeiture on liabilites

Posted by Rajendra Raut 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Harsh Soni 6 years ago

>The balance in the Share Forfeiture A/c is shown under the Share Capital on the liabilities side of the balance sheet. This account will remain till the said shares forfeited are reissued by the company. >Forfeited shares account appears in the Liability side of the Balance Sheet after Share Capital. >The amount paid for application, allotment and call money as may be the case is fully confiscated and the same is transferred to Forfeited shares account. >Because Company has not yet reissued the forfeited shares, it will lead to a loss for the Company. Hence, It is a liability for the Company.

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The depreciation of R Ltd. is increased from rs.100000 in 2017-2018 to rs.120000 in 2018-2019.What would be its treatment while preparing cash flow statement for the year ended 31st march, 2019.

Posted by Pinky Rawat 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Kumar 6 years ago

Add 2,00,000 on operating activities

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A, b, and c are partners in a partner sharing profit and losses in the ratio of 3:2:1. Their balance sheet as at 31st march. 2018 is as follow

Posted by Jude Soraine 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Kumar 6 years ago

Full question ???

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If a company issued 2000 debentures and received money for 3000 debentures from which 1600 debentures were accepted in full, application for 600 debentures were allotted 400 debentures then how many applications were rejected??

Posted by Zarina Akhtar 6 years ago

CBSE > Class 12 > Accountancy

4 answers

Ankit Kumar 6 years ago

1000 application were reject

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Satish Kamat 6 years ago

800

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Sakshay Aggarwal 6 years ago

The applications for 800 shares were rejected

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Veer Pratap Singh 6 years ago

1000 applications

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Goodwill adjustment

Posted by Me Rao 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Sakshay Aggarwal 6 years ago

At the time of admission of a new partner, a goodwill is already exists in the balance sheet of the firm then write off it and distribute the new goodwill among the old partners that new partner is bringing

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Journal entry of :- Malik agreed to repay his loan

Posted by Ansh Jasuja 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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By whom is 'Income and Expenditure Account' prepared?

Posted by Om Jain 6 years ago

CBSE > Class 12 > Accountancy

2 answers

Badal Raheja 6 years ago

npo

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Vishwajeet Jha 6 years ago

income and expenditure account is an account prepared by non trading concerns to ascertain surplus or deficit of income over expenditure for a particular period the accural concept of accounting is strictly followed while preparing income and expenditure account of non trading entities

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What is marking schem for each chapter of partnership

Posted by Abhay Soni 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Khushii Verma 6 years ago

Npo - 10 ,

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Where the proposed dividend show in balance sheet?

Posted by Abhay Tater 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Vishwajeet Jha 6 years ago

the proposed dividend become the part of the liabilities in the company's balance sheet it will be shown under the head reserves and surplus on the other side it will be soon as below the LINE statement under the profit and loss account and also popular known as profit and loss appropriation account

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purchaed goods of rs.200000 out of which rs.180000 is on credit pass journal entry if igst is 12%

Posted by Kulwant Singh 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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From the following information prepare comaparative balance sheet of X ltd.

Posted by Shreya Khandelwal 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Ansh Jasuja 6 years ago

Please give information

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Insurnace was paid on 1st January 2008 to run for One year. In receipts and payment a/c insurance is 3000 what will its adjustment

Posted by Priti Kumari 6 years ago

CBSE > Class 12 > Accountancy

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Asin and shreya are partners in a firm. They admitted ajay as a new partner with one fifth share in the profit of the firm. Ajay brings rupee 500000 as his share of capital.The value of the total assets of the firm was rupee 1500000 and outside liability were valued at rupee 500000 on that date. Give the necessary journal entry to record goodwill at the time of Ajay admission

Posted by Sonam Sharma 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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What is the accounting treatment of redemption of preference share at premium in cash flow statement

Posted by Sohail Khan 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Sachin Yadav 6 years ago

Premium will be added back while calculating profit before tax and Redemption of preference shares will be treated as outflow of financing activity

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A B partners ratio 3:2 Iiab. S.cr 35,000 Wc 25000 Epf 15000 G R 60000 Cap. A 155000 B 110000 Assets- Cash at bank 40000 Dr 120000 Provision 1000 Stk 50000 Investment 120000 Patents 30000 Goodwill 50000 C admitted in the firm with one fourth share adjustments are follows 1.new profit sharing ratio 6:9:5 she brings capital equal to one fourth share of total of new firm 2.Goodwill valued at four years purchase average super profit of the last 3 years 80000 3. While the new profit can be earned capital employed are rupees 40000 no goodwill appear in the book 4. C brings 20,000 out of his share of goodwill 5. Patents to be written down 8000. 6. Stock undervalued 3000 7.30% general reserve to provision for doubtful debts. 8. 10000 including Sunday creditors is no longer payable 9.out of the amount of insurance which is debited to profit and loss account rupees 12000 carried forward as unexpired insurance. 10. Unaccounted accrued income of rupees 4000 provided for 11.debtors which dues of rupees 10,000 is bad debts paid 80% in full settlement 12.a claim of rupees 5000 on account of workmen compensation provided for 13.market value of investment rupees 10,000 half of the investment was 10,000 where taken over in their old profit sharing ratio Prepare revaluation account partners capital account and balance sheet

Posted by Sakshi Sankule 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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Accounting ratios

Posted by Aisha Singh 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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How to calculate and analyse segmentation of a company

Posted by Sri Vidya 6 years ago

CBSE > Class 12 > Accountancy

0 answers

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Share capita

Posted by Sushain Sahni 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Amrit Gupta 6 years ago

Share capital are those capital which is owned by company .

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Essential element of partnership?

Posted by Tom Cruise 6 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years ago

1] Contract for Partnership

A partnership is contractual in nature. As the definition states a partnership is an association of two or more persons. So a partnership results from a contract or an agreement between two or more persons. A partnership does not arise from the operation of law. Neither can it be inherited. It has to be a voluntary agreement between partners.

2] Association of Two or More Persons

A partnership is an association between two or more persons. And persons by law only includes individuals, not other firms. The law also prohibits minors from being partners. But minors can be admitted to the benefits of a partnership.

3] Carrying on of Business

There are two aspects of this element. Firstly the firm must be carrying on some business. Here the business will include any trade, profession or occupation. Only that some business must exist and the partners must participate in the running of such business.

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anyone having preboard papers?

Posted by Singh Rajput 6 years ago

CBSE > Class 12 > Accountancy

4 answers

Singh Rajput 6 years ago

plz share

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Heartless Saif Khan 6 years ago

Yes

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Amrit Gupta 6 years ago

Yes

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Tom Cruise 6 years ago

Still not

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Give me the solution of question 15 of chapter cash flow statement of T.S grewal book

Posted by Sapna Singh 6 years ago

CBSE > Class 12 > Accountancy

3 answers

Sapna Singh 6 years ago

Thanku

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Mayank Kaushik 6 years ago

This question is according to new book

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Mayank Kaushik 6 years ago

Net profit+income tax refund+ dividend paid- compensation for natural disaster+dep.+ loss onsale of investment - gain on sale of inv.- dividend received+ dec.in. ca+ inc.in cl- dec.in.cl- inc.in.ca - net income tax ( income tax refund - income tax paid)

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Purchase of building is a ______expenditur while salaries Paid is a _______expenditure for Non-for-profit organisation.

Posted by Shristi P 6 years ago

CBSE > Class 12 > Accountancy