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

1) When ther is credit balance in the partner's capital account 2) when the partnership deed contains a clause on respect of provision of interst on capital

0Thank You

ANSWER

Cbse question paper 2019 accountancy set1 question number 16 answer please

Posted by Yuvraj Dhaliwal 6 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

comprehensive project account class 12 cbse question with solution

Posted by Parmod Jaat 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Samar Gagneja Panjabi Boy Samar 6 years, 2 months ago

Accountancy ki book ke piche h

0Thank You

ANSWER

List any four featur of partnership

Posted by Shubham Gujjar 6 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Yogita Ingle 6 years, 2 months ago

1. Two or More Owners

The basic feature of a partnership is the presence of more than one owner of the business. Partnership is formed by two or more persons joining together to conduct a business within the legal framework of Indian Partnership Act of 1932. The maximum number of partners in a firm is legally restricted to 10 for banking business and 20 for non banking business.

2. Agreement

As stated in the definition a partnership business is based on the agreement between partners. This agreement should be in conformity with the provisions of Indian Partnership Act, 1932, which is the governing law for the partnership firms in India. From the legal point of view, it is not compulsory that the partnership agreement is made in writing. But it is a matter of common sense that the agreement is made in writing to avoid unnecessary dispute between partners in future. The written agreement between partners is known as Partnership Deed.

3. Business

The object of partnership is to conduct a lawful business. In the absence of such a business, an agreement between individuals will not become a partnership in the legal sense.

4. Sharing of profit

A business activity will result in profit or loss. This profit or loss has to be shared by the partners. Usually the profit sharing ratio will be mentioned in the partnership agreement. But if it is not mentioned in the agreement, the Partnership Act specifies that, the partners shall share profit or loss equally.

5. Mutual Agency

Mutual principal agency relationship is a special feature of a partnership business. Due to this relationship any act by a partner on behalf of the firm shall be automatically be binding on other partners also. Similarly any default of a partner shall be considered a default of all the partners.

0Thank You

Aman Khan 6 years, 2 months ago

1.right of voting 2.partner have right to take a copy of financial statement

0Thank You

ANSWER

What hardwork we have to achieve 90% in board exam Give me tips and ideas for study

Posted by Aaid Jainism 6 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Samar Gagneja Panjabi Boy Samar 6 years, 2 months ago

Practice & practice

0Thank You

Abhinav Yadav 6 years, 2 months ago

Practice and sefe

0Thank You

ANSWER

Sir how does the average period is done in interest on drawing

Posted by Mohit Srivastava 6 years, 2 months ago

CBSE > Class 12 > Accountancy

3 answers

Prerna Dewani 6 years, 2 months ago

Formula for calculating average period is = (months left after first drawing + months left after last drawing )÷ 2 This formula applies only if equal drawings are made in equal intervals of time

0Thank You

Abhinav Yadav 6 years, 2 months ago

6 months

0Thank You

Ravi Joshi 6 years, 2 months ago

There is a table for interest on drawing according to time period in your book understand tha table

0Thank You

ANSWER

Reissue of pro-rata

Posted by Neha Kumari 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Ravi Yadav 6 years, 2 months ago

Question to bta

0Thank You

ANSWER

Sonakshi LTD. issued 12000 shares of RS 100 each. The amount of shares payable as rs 20 on application, rs 40 on allotment and rs 40 on first and final call. All amount have been duly received. Pass the necessary journal entries. (Cash received only)

Posted by Ayushi Rawat 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Kshitij Awasthi 6 years, 2 months ago

Bank A\c Dr... 240000 To Share Application. 240000 Share Application Dr.... 240000 To share capital ...... 240000 Share Allotment Dr..... 480000 To Share capital ..........480000 Bank A/c Dr........... 480000 To Share Allotment 480000 Share First & Final Dr....480000 To Share Capital ............480000 Bank A/c dr..... 480000 To share First & Final call 480000

2Thank You

ANSWER

Explain Quality of a leader

Posted by Ggt Ggj 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 2 months ago

Motivators- Team players respect a sports leader who is a hard worker and maintains enthusiasm for team goals, as well as for individual player success. One of the most important qualities you need as a coach is a passion- for the sport itself and toward activities on the team. A successful sports leader keeps team members motivated and optimance eventually realizes positive outcomes, such as team cohesion, performance and satisfaction.
Effective communicator in sports - A team filled with the best players in the league who communicates poorly will, flounder in mediocrity, while a team filled with run of-the-mill players who communicate flawlessly will be contenders every year. Effective communication in sports in an absolute essential trait that quality teams must have to be successful, from the coaches, to team leaders, all the way down to the role players.
Visionaries - Sports leaders inspire other because they maintain a positive attitude, high morale and persistent drive toward goals, Johnson says. Effective leaders, including coaches and team leaders, are highly focused on a vision for their team and drive others toward outcome and results for trekking that vision.

0Thank You

ANSWER

Entry of employees stock option outstanding

Posted by Kunal Gupta 6 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Calculate the interest on drawing@12% per annum in the following cases- a) 1000 are drawn four times during the year i.e. 1st january, 1st april,1st july, and 1st october

Posted by Amatullah Haideri 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Jhanwar Santosh 6 years, 2 months ago

From 1st jan to 31st march 1000*3/12*12/100=30 From 1st april to 31st june 1000*3/12*12/100=30 From 1st july to 31 september 1000*3/12*12/100=30 From 1st october to 1st january 1000*3/12*12/100=30 Now add all of them, 30+30+30+30=120.

1Thank You

ANSWER

A and d started partnership business 1 january 2017 Without any partnership agreement with capital Repestivity ₹30,000 and ₹20,000.a further brought ₹ 5000 as loan to the firm 1-7-2017 Without any agreement as to interest.the profit of the firm for the year ended 31st dec 2017 amount to ₹ 20000.B was fully engaged in firm business during the year.the arise dispute between A and B at the time of distribution of profit

Posted by Amatulla Haidery 6 years, 2 months ago

CBSE > Class 12 > Accountancy