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[11/3, 7:41 PM] Gaurav Sir: *CA. (Dr.) G. S. GREWAL* *Objective Type Question / MCQs* *Question Series 5* Admission of a Partner *True/False * 1. The claim of Workmen Compensation is less than Workmen Compensation Reserve at the time of admission of a partner. The difference is Workmen Compensation Reserve and claim will be transferred to Capital Accounts of the old partners in their old profit sharing ratio. *Fill in the Blank * 2. If book value and the market value of investment is same, Investment Fluctuation Reserve at the time of Admission of a Partner, is distributed among _______________ in their _____________________. *Multiple Choice Question* 3. A, B and C are partners sharing profits and losses in the ratio 6 : 3 : 3, they agreed to take D, as new partner with 1/8th Share of profits. The new profit sharing ratio will be: (a) 14 : 7 : 7 : 4 (b) 1 : 1 : 1 : 1 (c) 12 : 27 : 36 : 42 (d) 12 : 36 : 27 : 42. [11/3, 7:41 PM] Gaurav Sir: *CA. (Dr.) G. S. GREWAL* *Objective Type Question / MCQs* Valuation of Goodwill *Question Series 6* *True/False* 1. Two factors affecting goodwill are efficient management, repeated customers leading to higher sales and profit thus; it leads to higher value of goodwill. *Fill in the Blank* 2. A firm earns profit of Rs. 1,10,000. The Normal Rate of Return is 10% on Capital. Assets of the firm are Rs. 11,00,000 and Liabilities Rs. 1,00,000. Value of Goodwill by Capitalisation of Average Profit will be _____________________. *Multiple Choice Question* 3. In the event of firm’s business being taken over, the amount paid in excess of net assets (Assets – Liabilities) is debited to (a) Profit and Loss Account (b) Capital Accounts (c) Reserve Account (d) Goodwill Account.
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Mayank Garg 6 years, 1 month ago

Ignore Current year's proposed dividend. Both adjustments are made on previous year's dividend. Add in Net proft and payment in Financing Activities
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Kunal Gupta 6 years, 1 month ago

Ok thanks

Aaditya Sharma 6 years, 1 month ago

No

Kunal Gupta 6 years, 1 month ago

Plz send the anwer
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Syed Zaid 6 years, 1 month ago

Yes examiner will come at your school for checking your project
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Syed Zaid 6 years, 1 month ago

I think February
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Vishal Singh 6 years, 1 month ago

Hlo
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Syed Zaid 6 years, 1 month ago

Ok i I have a pdf Tell me your wahats app number then i will send you
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Harsh Chaudhary 6 years, 1 month ago

Can you plz send the question..( Ease in explaining )

Akshat Tripathi 6 years, 1 month ago

Isnt it hard to explain it here....wld have been easy on insta
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Mayank Garg 6 years, 1 month ago

Jis date ko Balance sheet bani h usi din kar denge neeche ek note daalkar ki ye assume kiya gya h

Sweksha Singh 6 years, 1 month ago

Ques no. 50 of retirement of a partner , page no. 4.131 in book (previous year).

Ilma Khan 6 years, 1 month ago

reitremnt ki date mention hoti h hmesha
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Ilma Khan 6 years, 1 month ago

zyada walo ko km shares dena is pro rata
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Sakshi Sharma ??️??️??️ 6 years, 1 month ago

EAD???

Sakshi Sharma ??️??️??️ 6 years, 1 month ago

T.s.grewal- An aids to accountancy

Rishabh Saraf 6 years, 1 month ago

EAD
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From Ts grewal
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Mayank Garg 6 years, 1 month ago

765 Shares were applied. Reason: First of all pass its journal whic is as follow Bank a/c. Dr 2,200 Share forefeiture a/c. Dr. 1,200 To Share Capital a/c. 3,400 ₹3,400 must be the Face Value of Reissued share and each share is of ₹10. That means number of shares is ₹3,400/₹10 = 340 Shares Now 340 shares are 2/3 of total shares. Which means total number of shares = (340×3)/2= 510 Shares Ratio of Applied and Alloted Shares is 3:2 Applications. Allotment 3. ->. 2 x. ->. 510 Applied Shares = (510/2)*3 = 765 Shares.
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Vishal Singh 6 years, 1 month ago

What question
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Anand Taparia 6 years, 1 month ago

Cash A/C DR 345000 To guru capital A/C 300000 To premium for Goodwill A/C 45000 Premium for goodwill A/C Dr 45000 To kavi capital A/C 37500 To Hari capital A/C 67500

Amit Mehta 6 years, 1 month ago

Case A/c DR 345000 To Guru capital A/c 300000 To premium of goodwill A/c 45000 premium of goodwill A/c Dr 45000 Kavi A/c Dr 37500 To hari capital A/C 67500

Amit Mehta 6 years, 1 month ago

Case A/c DR 345000 To Guru capital A/c 300000 To premium of goodwill A/c 45000 premium of goodwill A/c Dr 45000 Kavi A/c 31 5000×5/42. Dr 37500 To hari capital A/C 315000×9/42 67500 To Ravi capital A/c. 15000 WK Hari = 2/6 -2/7 = 9/42 Ravi = 2/6-2/7 = 2/42 Kavi = 1/6-2/7= -5/42
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Tanisha Singh 6 years, 1 month ago

thnx harshita

Harshita Jangid 6 years, 1 month ago

P&L app. a/c is make to distribute the profits among all the partners but P&L suspense a/c is made to give the profit ony to the dead partner

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