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What is meant by change in profit sharing ratio

Posted by Amit Sharma 2 years, 4 months ago

1 answers

Rozy Rozy 2 years, 3 months ago

Jab new partner partnership mein add hota hai ya kisi party ki death Ho jaati hai to fir usko Jo share hota hai change ho jata hai let exampal p ,q,r in la profit sharing ratio 3:2:1 tha now S partner enter in partnership to ab s ko bhi to share milaga so ab ya in ka according change ho jaye ka is hi ko hi change in profit sharing ratio kata hai I hope aap ko samjha Aya. Hoga

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Intrest on drawings 12% March1 6,000 June1. 4,000 September 1 5,000 December 1. 2,000

Posted by Kamal Kamal 2 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Bhumika Kalita 2 years, 4 months ago

June1 = 4000×12÷100×10÷12=400 September = 15000×12÷100×7÷12=1050 December = 12000×12÷100×4÷12=480

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Bhumika Kalita 2 years, 4 months ago

Interest on drawings march1 = 6000×12÷100×1÷12 =60

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stock is found overvalued by 10% (stock 180000)

Posted by Ishika Aggarwal 2 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Vanshika Gupta 2 years, 4 months ago

162000

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Thread, Needle and Button are in partnership and during the year ended 31st March 2017, they earned a profit of ₹83,000. Thread and Needle are entitled to 10% per annum interest on capital of ₹60,000 and ₹1,00,000 respectively. Button who has no capital in the firm is entitled to a salary of ₹12,000 p.a. Button is also entitled to a commission of 10% on the profits after charging interest, salary and commission. It is further agreed that the balance of profits should be appropriated as to 20% for charity fund and balance is shared equally by Thread and Needle. Prepare Profit and Loss appropriation account and partners capital account and current account for the year ended 31st March 2017, if the drawings

Posted by Xyz Zyx 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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Name of the companies and their period of study of 5 days

Posted by Bts 193 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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Journal legder trial balance band balance sheet entries with gst

Posted by Archana Jain 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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A and b were partners sharing profits and losses in ratio of 3 2 their balance sheet on 31 March 2018 was as follow

Posted by Tishika Garg 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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04 A and B were partners in a firm sharing profits and losses in the ratio of 3:2. They admit C for 1/6th share in profits and guaranteed that his share of profits will not be less then Rs. 25,000. Total profits of the firm for the year ended 1st March, 2015 were Rs. 90,000. Calculate share of profits for each partner when. 1. Guarantee is given by firm. 2. Guarantee is given by A 3. Guarantee is given by A and B equally.

Posted by Deeksha Gupta 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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NCERT solutions chepter 1

Posted by Ayushi Tripathi 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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SA Alam earned the profits of firm for the your year ended 31st March for the last four year were: (204) 1.01,000. (2015) 1,24,000. 2016) 1,00,000 and (2017) 1,50,000. of the firm on the calculate the value of goodwill of the basis of the wighted average postits after 3 year at purchase etter assigning Additional Information on weights 1,2,3,4. () A mayor plant repair was undertaken for 30,000, which was charged to on revenue. sep 2016 •The said sum is to be capitalised for goodwill calculation subject Page 1 depreciation of 10.1% pens an reducing de adjustment of depreciation of 10×10 belance method. closing stock to the year 2015 was overvalued. 12,000. (iii) To cover menagerien cast an annual cheage of 44,000 should be made for the -goodwill. purpose of valuation to

Posted by Devesh Chandrakar 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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Compartment exam preparation

Posted by Jeet Kamboj 2 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Nitin Joshi 2 years, 4 months ago

Yes

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Give internal or external users of financial statements

Posted by Tejal Sharma 2 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Tejal Sharma 2 years, 4 months ago

Internal users are- Management - it makes extensive use of accounting information to arrive at informed decision such as determination of seeling price , cost control and reduction Share holders - It contribute capital in the business and thus are always exposed to risk .In view of the risk involved they are always interested in Knowing the profitability . Employee - it are untilled to bonus at the end of the year besides the salary and wages taken every month. Bonus is linked to the profit earned by a enterprise Thor the employed are much interested in financial statements External users -

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Comprehensive project of any sole proprietor ship business this may state with journal entry and their ledger, posting prepration of trial balance, trading, profit and loss account and balance sheet expense, income and profit class Assets and liabilities are to be depicted using pai chart or bar diagram

Posted by Mahira Qureshi 2 years, 4 months ago

CBSE > Class 12 > Accountancy