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

Sacrifice of Raj in favour of thampi =3/5*1/3 =1/5 Sacrifice of Mohan in favour of thampi =2/5*1/4 =1/10 Raj's new profit sharing ratio =3/5 - 1/5=2/5 or 4/10 Mohan's new profit sharing ratio = 2/5 - 1/10 = 3/10 Thampi's share = 1/5 + 1/4 = 9/20 New profit sharin ratio of Raj, Mohan and Thampi = 4/10, 3/10, 9/20 or 8:6:9

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The balance sheet of bushanrajat amd kamalkant who share profit in the ratio of 3:3:4 as on 31st march 2014

Posted by Dipu Karmakar 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rishabh Pandey 6 years, 4 months ago

This is rong oue

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ANSWER

A company issued 10000 share of the value ofRs 10 each payable 3 on application ,3 on allotment and 4 on first and final call. All amounts are duly received except the call money on 100 shares these shares are subsequent forfeited by director and are resold as fully paid up for 500ruppee give necessary journal entries for the transactions.

Posted by Harman Grewal 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

a and b are partners in a firm from 1 april 2001 with capitals of 60,000 and 40,000 respectively. they shared profits and losses inth ratio of 3:2 . they carried on business for two years. in the first year they made a profit of 50,000 but in the second year they incurred a loss of 20000 as the business was no longer profitable they decided to windup. creditors on that date were 20000 the partners withdraw 8000 each per year for their personal expenses. the assets realised 100000. the expenses on realisation was 3000. prepare realisation account and show your workings clearly.

Posted by Dev Goyal 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A partner draws Rs 1000 per month.Under the partnership deed interest is to be charged@ 15% p.a. Calculate interest that should be charged to the partner if the drawing are made : 1.in the beginning of the month

Posted by Sneha Sharma 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Nivhedhitha Sridhar 6 years, 4 months ago

1000×12×15/100×13/24 1000×15/100×13/2 150×13/2=75×13=975

1Thank You

ANSWER

Liability on account of outstanding salary not recorded in the books, amounting to 15000 was met. ? What would be entry under the realisation account ?

Posted by Ansh Jasuja 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Miss Mor 6 years, 4 months ago

Realisation a/c dr To bank a/c

2Thank You

ANSWER

Redemption of debenture application

Posted by Anand Dubey 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Commission is our asset or liabilities

Posted by Lokesh Gahlot 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Naman Aggarwal 6 years, 4 months ago

It is an asset because it is an income. If it is received in advance then it is our liability. If it is not mention that the commission is received in advance then it is our asset.

3Thank You

Khushi Oberoi 6 years, 4 months ago

Neither asset nor liability,it's either income or expenditure,thus it goes in pnl acc

1Thank You

ANSWER

How many chapter comes.in SA-1(account)

Posted by Ankit Shareen 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Abhishek Srivastava 6 years, 4 months ago

50%

1Thank You

ANSWER

Out sdading sub

Posted by Anitha G N 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Sorry for 2nd question but can we study with youtube in good way

Posted by Vivan Tiwary 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 4 months ago

You can check the videos here : https://mycbseguide.com/video/

1Thank You

ANSWER

What is ratio analysis

Posted by Devanand Kushwaha 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Harsh Soni 6 years, 4 months ago

Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational efficiency, and profitability by comparing information contained in its financial statements. Ratio analysis is a cornerstone of fundamental analysis.

1Thank You

ANSWER

Can we study all subject without tution

Posted by Vivan Tiwary 6 years, 4 months ago

CBSE > Class 12 > Accountancy

4 answers

Sakshi Sharma 6 years, 4 months ago

It's totally depends on you if you can manage•••

0Thank You

Miss Mor 6 years, 4 months ago

Yep...try studying at night...it works for me

1Thank You

Abhishek Gupta 6 years, 4 months ago

Yes, you can study if you can manage

1Thank You

Aryan Raj 6 years, 4 months ago

Depend upon yourself

1Thank You

ANSWER

Mohan one of the partner of the firm was asked to look into the dissolution of the firm for which he was allowed a commision of 2000

Posted by Paĺlavi Kapil 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Wadhwa 6 years, 4 months ago

Realisation 2000 To bank 2000

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ANSWER

Pass journal entry: Motor car of book value 50000 taken over by creditors of book value 40000 in full settlement

Posted by Paĺlavi Kapil 6 years, 4 months ago

CBSE > Class 12 > Accountancy

5 answers

Sakshi Sharma 6 years, 4 months ago

There will not be any entry

0Thank You

Harman Sandhu 6 years, 4 months ago

No entry

0Thank You

Khushi Oberoi 6 years, 4 months ago

Motor car dr 40000 Discount allowed10000 To creditor 50000

0Thank You

Alisha Wadhwa 6 years, 4 months ago

No entry. Realisation To realisation Nullify the effect of each other

0Thank You

Ankit Arya 6 years, 4 months ago

No entry

0Thank You

ANSWER

P, Q and R were partners in a firm. On 31st March, 2018 R retired. The amount payable to R ` 2,17,000 was transferred to his loan account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. State the rate at which interest will be paid to R.

Posted by Vaidika Sahu 6 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Ankit Singh 6 years, 4 months ago

1Thank You

Paĺlavi Kapil 6 years, 4 months ago

6% p.a

1Thank You

Vaidika Sahu 6 years, 4 months ago

6% p.a.

1Thank You

ANSWER

If a partner take loan .....loan account will be formed or not

Posted by Sneha Giri 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Sakshi Sharma 6 years, 4 months ago

Yes it will be formed

0Thank You

Suvidh Shah 6 years, 4 months ago

Yes Partner loan a/c. Dr To cash / bank a/c

1Thank You

ANSWER

When a partner retires then in which case his loan account is not debited nor he will be paid in cash

Posted by Anu Priya 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Creditors written back it is profit or loss????

Posted by Surpreet Kaur 6 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Saurabh Singh 6 years, 4 months ago

Loss

0Thank You

Sneha Giri 6 years, 4 months ago

Profit

0Thank You

Raju Taluja 6 years, 4 months ago

Profit

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ANSWER

The Balance sheet of Rajesh,Pramod and Nishant who were sharing profit in proportion to their capitals stood as on March 31,2015

Posted by R K Sah 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Sakshi Sharma 6 years, 4 months ago

Write the question properly

2Thank You

Paĺlavi Kapil 6 years, 4 months ago

Ask propsrly

1Thank You

ANSWER

What's is realisation account

Posted by Crazy Boys 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 4 months ago

Realisation account is a nominal account which is prepared at the time of dissolution of firm to record the realized value of assets and payment of the liabilities.

0Thank You

ANSWER

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