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

You should just pass the entry of distribution of revaluation profit/loss.....i am not really sure about it but if we have to prepare the accounts too journal entries won't carry that much marks.

2Thank You

Ravi Joshi 6 years, 3 months ago

Yes

2Thank You

ANSWER

*True / False* 1. In the absence of provision in the partnership deed, interest on loans given by the partners is allowed @ 6%. *Fill in the Blank* 2. If a fixed amount is withdrawn by a partner on the first day of every month interest on the total amount is charged for _________________ months. *Multiple Choice Question* 3. There are two partners in a firm P and Q. R is admitted into the firm for 1/3th share of profit with the guaranteed annual profit of Rs. 18,000. Firm’s profit for the year is Rs. 42,000. What amount of profit would be given to R as his share of profit by the firm? (a) Rs. 20,000 (b) Rs. 25,000 (c) Rs. 18,000 (d) Rs. 16,000

Posted by Anshul Koundal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Goutam Gupta 6 years, 3 months ago

1.) True 2.) It is charged for 6.5 month 3.)18000 it is guaranteed amount

0Thank You

Purva Bhardwaj 6 years, 3 months ago

1. True 2. 12 3. (C)18,000 since ite his guarantee amount

1Thank You

ANSWER

What is redemption of debentures

Posted by Shivi Goyal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Shreshtha Tripathi 6 years, 3 months ago

debentures are liability of the organization and should be paid by them.this known as redemption of debenture.

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ANSWER

Ankur limited invited application for 100000share of rupee 10 each payable as follows rupee 3 on application, rupee 3 on allotment and rupee 4 on first call and final call, application were received for 90000share and allotment was made to all of them. Journalise the transaction assuming all sums due were received and application and allotment account have been combined into one "application and allotment account. Please solved.

Posted by Prithvi Soni 6 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

44 dissolution

Posted by Saumya Varshney 6 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the partnership?

Posted by Gulshan Vashist 6 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Shreshtha Tripathi 6 years, 3 months ago

According to the Indian partnership act 1932, the relation between the two or more than two persons who have agreed to share the profit of the business,carried by all or any of them acting for all .

0Thank You

Aaid Jainism 6 years, 3 months ago

A partnership is relationship among two or more partners who agreed to share profits and loss in a firm

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Ashok Gaur 6 years, 3 months ago

Partnership is the relation between two person who agreed to share profit and loss in a business.

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ANSWER

P and q are partners sharing profit in ratio 1:2.r was a manager who received the salary of 120000 in addition to commission of 10%on net profit after charging such commission.total remuneration to r amounted to 180000.profit for the year before charging salary and commission was:

Posted by Ruchi Mittal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

if a partner is running off their business so what happening in the firm.......

Posted by Lokesh Motsra 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Ravi Joshi 6 years, 3 months ago

Retirement of partner

0Thank You

ANSWER

Adjustment of capital in retirement

Posted by Shruti Kansal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Sia ? 6 years, 3 months ago

When a partner retires from the business and if he is to be paid off his due amount immediately, the total capital of the firm is reduced.

5Thank You

Lokesh Motsra 6 years, 3 months ago

no, the capital of firm is not reduced. still consult with your teacher?......

0Thank You

ANSWER

Which book is best for cbse 12 accountancy i.e.dk goel or TS Grewal

Posted by Ritu Agarwal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

5 answers

Piyush Patel 6 years, 3 months ago

Ts grewal but concept of NCERT

0Thank You

Goutam Gupta 6 years, 3 months ago

T.s. grewal is best book for class 12

0Thank You

Pramanshu ? 6 years, 3 months ago

NCERT : Am i a joke to you?

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Nikhil ✨ 6 years, 3 months ago

Dk goel is best ...ts grewal is excessively high level which is not required in boards

1Thank You

Jaspreet Kaur 6 years, 3 months ago

Ts grewal

1Thank You

ANSWER

A And b are partner in a firm they devided their profit shairing ratio of 3:2,find out the future profit ratio if C is admitted for 1/5th share ,if 'c'is admitted for 1/4th share

Posted by Pinki Jha 5 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is adjustment of accrued income at the time of dissolution

Posted by Priyanshu Kataria 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Bholu Ram 6 years, 3 months ago

if given in the balance sheet thenIt will be shown on the dr side of realisation a/c

0Thank You

Nikhil ✨ 6 years, 3 months ago

As it is asset it will be credited to every partners cap a/c

0Thank You

ANSWER

What happen in partbership act32

Posted by Harsh Rawat 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 3 months ago

A retiring partner may be discharged from any liability to any third party for acts of the firm done before his retirement by an agreement made by him with such third party and the partners of the reconstituted firm, and such agreement may be implied by a course of dealing between such third party and the reconstituted firm after he had knowledge of the retirement.

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ANSWER

Atul and neera were partner in a firm sharing profit in the ratio 3:2 They admitted Miltali as a new partner. Goodwill premium of Rs 20,000 in cash which is entirely credited to atuls capital account. Calculate the new profit sharing ratio.

Posted by Vidya Tiwari 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 3 months ago

Firm's Goodwill = Rs. 2,00,000

Mitali brings goodwill = Rs. 20,000

So, Mitali's share in profit must be = {tex}\frac { 1 } { 10 }{/tex}
Entire premium for goodwill is credited to Atul

means Mitali got her share totally from Atul

So, Atul's new share = {tex}\frac { 3 } { 5 } - \frac { 1 } { 10 } = \frac { 5 } { 10 }{/tex}
Neera's share = {tex}\frac { 2 } { 5 }{/tex}
Mitali's share = {tex}\frac { 1 } { 10 }{/tex}
New ratio = 5 : 4 : 1

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ANSWER

Redemption of Debentures *True / False* 1. Redemption out of profit means the company shall set aside amount equal to 100% of the nominal (face) value of debentures to DRR. *Fill in the Blank* 2. After redemption of debentures, proportionate amount from Debenture Redemption Reserve Account may be transferred to _______________ Account. *Multiple Choice Question* 3. What is the nature of ‘Premium on Redemption of Debentures Account’? a) Real b) Nominal c) Personal d) Expense

Posted by Anshul Koundal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Yashika Choudhary 6 years, 3 months ago

1.true 2.general reserve 3.personal

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ANSWER

meantion to item that may apprce on debit side of patner fixede capital account

Posted by Ankit Mourya 6 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Komal Poddar? 6 years, 3 months ago

Permanent capital withdrawn n balance c/d

0Thank You

Purva Bhardwaj 6 years, 3 months ago

- drawings - interest on drawings - transfer of loss from P&L app. A/c - balance c/d

0Thank You

Koshik Bishnoi 6 years, 3 months ago

there will be prepare current account

1Thank You

ANSWER

If the amount of general reserve is more than the subscription received for the year than how the general reserve should be treated

Posted by Priyam Singhal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Shubham Dahiya 6 years, 3 months ago

Yes

0Thank You

ANSWER

A building is auctioned for 3,55,000/- .Commission on auction is 5,000/- . What will be the treatment in realisation a/c at the time of dissolution of the firm (TS grewal XII scanner chapter-7 ques 5/)

Posted by Purva Bhardwaj 6 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Lokesh Motsra 6 years, 3 months ago

3,60,000 the firm will paid for the building..

1Thank You

ANSWER

Please upload cbse board question 2017..2018.2019.1st outside delhi 2nd Delhi set nd 3rd india

Posted by Sonali Singh 6 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Comprehensive sums from partnership firm

Posted by Christina Mary Anthony 6 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Chapter 4 of dk goel..retirement or death of a partner..,.question 34 (B)

Posted by Ravi Prakash 6 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

*Multiple Choice Question* A and B are sharing profits and losses in the ratio of 3 : 2. They admit C as partner for 1/3rd share in the profits. He takes this share 3/5th from A and 2/5th from B. New profit sharing ratio will be: (a) 5 : 6 : 3 (b) 2 : 4 : 6 (c) 6 : 4 : 5 (d) 18 : 24 : 38

Posted by Anshul Koundal 6 years, 3 months ago

CBSE > Class 12 > Accountancy

4 answers

Ashok Gaur 6 years, 3 months ago

Old ratio of A and B = 3:2 C admitted C takes from A = 1/3 * 3/5 =3/15 (it means 1/5) A new share = 3/5 - 1/5 = 2/5 C takes from B = 1/3 * 2/5 = 2/15 B new share = 2/5 - 2/15 = 4/15 C share = 1/3 Then, New profit sharing ratio will be 2/5 : 4/15 : 1/3 = 6 : 4 : 5

1Thank You

Anshul Koundal 6 years, 3 months ago

Solve kr ke dona mera galt aa raah hai

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Ravi Prakash 6 years, 3 months ago

6:4:5

1Thank You

Tikshika Kumari 6 years, 3 months ago

c) 6:4:5

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ANSWER

Company formed by special act is called