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can any one explain the term - number of year'purchase clearly ?

Posted by Saurabh Singh 6 years, 4 months ago

1 answers

Sia ? 6 years, 4 months ago

Number of years' purchase is the number of years' for which the firm will expect to earn the same amount of profit because of the past efforts of the firm after change of ownership.

1Thank You

ANSWER

Mere accounts me number nhi aate me kya kro mere achhe marks aye please dosto koi tarika btaoo

Posted by Rahul Sharma 6 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Sakshi Sharma 6 years, 4 months ago

As much as you can till you are not getting bored

0Thank You

Rahul Sharma 6 years, 4 months ago

How much yaaar 1 hour 2 hour ya 3 hour

0Thank You

Sakshi Sharma 6 years, 4 months ago

Practice more and more

2Thank You

ANSWER

Calculate the amount of sports material to be debited to the income and expenditure account of capital sports club for the year ended 31-3-2019 on the basis of the following: Stock of sports material on April 1,2018 is 7500 and on march 31,2019 is 6400 Creditors for sports material on April 1,2018 is 2000 and on march 31, 2019 is 2600 amount paid for sports material during the year was 19000

Posted by Chhavi Pathak 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Chhavi Pathak 6 years, 4 months ago

Sports materials consumed to be shown on the debit side of income and expenditure a/c 20700

1Thank You

ANSWER

Financial statements of not-for-profit organisation

Posted by Chhavi Pathak 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

X and y are partners sharing profits and losses in the ratio of 2 is to 1 with Capitals of 50000 and 30000 respectively show the distribution of profits in each of the following alternative cases first case if the partnership deed is silent as to the interest on capital and the profit for the year are 9000 second case if the partnership deed provides for interest on capital @ 6% per annum and the losses for the year ir6000 case third is the partnership deed provides for interest on capital @ 6% per annum and the the profits for the year r9000 case 4 if the partnership deed provides for interest on capital @ 6% per annum and the provides for the year 33000 case 5 if the partnership deed provides for interest on capital @ 6% per annum even if it is involves the forms in loss and the profits for the year 30000 give me the solution of this question

Posted by Abhishek Singh 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Vikram and abhishek are partners sharing profits and losses in the ratio of 8:5 they admitted avishi and decode that the profit sharing ratio between abhishek and avishi shall be the same as existing between vikram and abishek calculate new profit sharing ratio ?

Posted by Bhumika Jain 2 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Ishika Goyal 1 year, 6 months ago

answer bta bkl

1Thank You

Ansh Juneja 1 year, 10 months ago

nauwbeo

18Thank You

ANSWER

Calcula

Posted by Harsha Kriti 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What are the different conditions of capital adjustment during retirement of a partner?

Posted by Geetam Kabra 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 4 months ago

At the time of the retirement or death of a partner, adjustments are made for the following:

Adjustment in regard to goodwill.
Adjustment in regard to undistributed profits and losses.
Adjustment in regard to the Joint Life Policy and individual policies.
Adjustment in regard to revaluation of assets and reassessment of liabilities.

2Thank You

ANSWER

How does nature of business affect the value of goodwill of firm

Posted by Pragya Pandey 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 4 months ago

The firm that produces high value products and has stabilized demand, will be able to earn more profit and more goodwill because of repeated sales and sound customer base.

0Thank You

ANSWER

Jk ltd. purchase machinery on different payement basis during the year ended 31 march 2018. The company pay an installment of Rs 400000 which included intrest of Rs 40000 while prepearing cash flow statement. Under which type of activity this payment is being classified? Also mention the amount involve in each activity.

Posted by Animesh Rawal 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Amit Kushwaha 6 years, 4 months ago

Investing activity and financial activity

1Thank You

ANSWER

What is the nature o of wcr ,ifr,or reserve

Posted by Shubham Dhyani 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Preeti Sihag 6 years, 4 months ago

This all are parts of our profits..i.e accumulated profits

1Thank You

ANSWER

Why we make not for profit organizations?

Posted by Shail Patley 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Why we should prepare profit and loss appropriation account?

Posted by As Bhriguvanshi 6 years, 4 months ago

CBSE > Class 12 > Accountancy

4 answers

Sneha Giri 6 years, 4 months ago

To accertain the divisible profit which transfered to the partners capital a/c

0Thank You

Sobit . 6 years, 4 months ago

For partners shares

0Thank You

Manu Pandey 6 years, 4 months ago

Here will be we make profit and loss account in appropriation account because we make all the entries for partners or between for self

0Thank You

Jothi Jain 6 years, 4 months ago

To know the share of profit to partners

1Thank You

ANSWER

Accounts project of class 12 Plz provide me the project I have argent

Posted by Vish Khana 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

I sometimes get confused in Revaluation A/c with Realisation A/c. Could anybody give a brief explanations on the concepts of these accounts how to use them?

Posted by Sarita Neupane 6 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Preeti Sihag 6 years, 4 months ago

Simply revaluation a/c in made when partnership is dissolved and realsation a/c is made when firm is dissolved...

1Thank You

Sobit . 6 years, 4 months ago

Revelation a/c is prepared in following case 1. Change in profit sharing ratio among the existing partners 2. Admission of partner 3. Retirement and death of partner 4. Amalgamation of partnership firm (but covered in 12th standard) And in short any change in continuing partnership Any change in value of assets and liabilities Realisation a/c is prepared for dissolution of firm i.e firm would not be work in future Realisation of assets and paid of liability

1Thank You

Rohit Jaiswal 6 years, 4 months ago

Revaluation a/c is made when change in the value of assets and liabilities and Realisation a/c is made when business come to an end then firm assets is sold out and firm liabilities are paid off.

1Thank You

ANSWER

In revalution account. Like ex- 5000 outstanfing for salaries . Kis side hogi ye entry?

Posted by Sahaj Singh 6 years, 4 months ago

CBSE > Class 12 > Accountancy

5 answers

Sneha Giri 6 years, 4 months ago

0Thank You

Sobit . 6 years, 4 months ago

Concept of revaluation a/c ALL LOSSS DR. i.e Decrease in value of assets means loss increases in value of liability menas loss ALL PROFITS CR. decrease in value of liability menas profit Increase in value of assets means profits So outstanding salary would be dr.

1Thank You

Rohit Jaiswal 6 years, 4 months ago

Outstanding hamari liability hoti h to hum revaluation a/c k Dr. Side likhenge

1Thank You

Saurabh Singh 6 years, 4 months ago

debit side .

0Thank You

Sarita Neupane 6 years, 4 months ago

Debit side

0Thank You

ANSWER

Sample paper se jya profit hota hai

Posted by Satyam Verma 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rohit Jaiswal 6 years, 4 months ago

Aap jitna padhe ho uska check out

0Thank You

ANSWER

What ia liabalites

Posted by Rintu Pandat 6 years, 4 months ago

CBSE > Class 12 > Accountancy

4 answers

Sneha Giri 6 years, 4 months ago

Which we have to pay in future

0Thank You

Sobit . 6 years, 4 months ago

Means it is a present obligation out of past event which will be paid in future

0Thank You

Jothi Jain 6 years, 4 months ago

Liable to pay in future

0Thank You

Shubh Malik 6 years, 4 months ago

Liabilities is the things which we paid in future

0Thank You

ANSWER

Project with GST and with quantity can u Plz send me the link of the project if any one knows help me

Posted by Vish Khana 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Can you provide me accounts project with gst and with quantity fast Plz reply

Posted by Vish Khana 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

X and y are partners with capitals of 100000 and 80000 respectively on 1st April 2016 and their profitsharing ratio is 2:1. Interest on capital is agreed @12%p.a. y is to be allowed an annual salary of 6000 . The profit of the year ended 31st March 2017amounted to 50000 . Manager is entitled to a commission of 10% of the profits . Prepare profit and loss appropriation account and capital account.

Posted by Abhishek Pal 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rohit Jaiswal 6 years, 4 months ago

Easy h bro

2Thank You

Inamul Lala 6 years, 4 months ago

Hjj

2Thank You

ANSWER

Difference between 1/4th of share and 1/4th from share

Posted by Bhawana Agrawal 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rohit Jaiswal 6 years, 4 months ago

Of diya h to multiply aur from diya h to given

0Thank You

Preeti Sihag 6 years, 4 months ago

For example if we say R and P are partners 7:3 R takes1/4 of p's share it means 3/10*1/4=3/40 P's new share=3/10-3/40 And instead (1/4 of p's) if 1/4 from we will directly deduct 1/4 from 3/10(3/10-1/4) By multiply we will find out how much share he get from P,R,Zetc...and if simply gives 1/4 from we wouldn't need to multiply it with old share

3Thank You

ANSWER

Why a firm dissolved??

Posted by Tejas Sukhija 6 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rohit Jaiswal 6 years, 4 months ago

Because of loss

0Thank You

Ankit Arya 6 years, 4 months ago

Dissolution of firm means winding of the firm.. A firm can be dissolved either voluntarily or by an order from the Court.Voluntary dissolution can be of four types. 1] By Agreement... 2] Compulsory Dissolution 3] On the happening of certain contingencies 4] By notice of partnership at will..

1Thank You

ANSWER

What journal entries will be made for the following transaction on the dissolution of a firm a) payment of unrecorded liabilities 3,200 b) stock worth ₹7500 is taken by a partner Rohit c) profit on realisation accounting to 18,000 is to be distributed between partners Ashish and Tarun is the ratio of 5:7 d) an unrecorded asset realized ₹5500

Posted by Tanya Rani 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Arya 6 years, 4 months ago

a) Realisation a/c dr. 3200 To bank/cash a/c 3200 b) Rohit capital a/c dr. 7500 To Realisation a/c 7500 c) Realisation a/c dr. 18000 To ashish capital a/c 7500 To tarun capital a/c 10500 D) Bank/Cash a/c dr. 5500 To realisation a/c 5500

1Thank You

ANSWER

Money and Arun share profit as forests 21 their balance sheet on 31st March 2012 was his followes On the above date mediaeval is admitted for 250 share the following terms were agreed upon accrued rent receivable not appearing in the balance sheet is 5500 there is a claim against workmen compensation fund for 3500 and old customer whose account was written off as bad as promised to pay 5000 in settlement of his account market value of investment is 80000 Matthew brings 20000 as capital and 30000 out of his share of goodwill is 35000 prepare necessary ledger account and balance sheet of the new form

Posted by Vanshika Gupta 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Page no. 6.96

Posted by Urvashi Sîñgh 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Chapter 6 quetion no. 71

Posted by Urvashi Sîñgh 6 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Amara, madhura and prema are partners sharing profits and losses in the ratio of 2:1:1. Their balance sheet as on 31.3.2018

Posted by M Suma 1 year, 6 months ago

CBSE > Class 12 > Accountancy

4 answers

Punith .S 1 year, 6 months ago

answer please

28Thank You

Nagashayanamurthy Bp Shayana 4 years ago

thanks

11Thank You

Sowmya Sowmya 4 years, 10 months ago

answer

11Thank You

Prajwal Bhat 4 years, 10 months ago

answer plz

19Thank You

ANSWER

What is sacryfice ratio

Posted by Arbaj Khan 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Arya 6 years, 4 months ago

Sacrificing ratio is the ratio where the old partners give their consent to forego their share of gains into the new partner. The forego (sacrifice) by a partner is equivalent to: Old Share – New Share

0Thank You

ANSWER

Provide me new pattern of question paper of accounts!

Posted by Juhi Ray 6 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Arya 6 years, 4 months ago

NPO 10 marks... partnership 30 marks... company accounts 20 marks... financial statement of companies nd analysis (including comparative nd common size statement, ratio analysis ) 12 marks... cash flow statement (including 2 marks theory or numerical) 6+2 marks.... Total 80 marks.. The paper pattern will be objective questions 20 marks(20x1)... Short answer 6marks (2quesx3)... Short answer 20 marks (4quesx5)... Long answer 18marks (3quesx6)... Long answer 16 marks (2quesx8)..

1Thank You

ANSWER

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