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

I had tried this questio again its ans..is 60,000 not 90,000 am sorry for giving wrong ans.... Now... Hw 60K comes...share between X:Y(1:1) Z's share (1/5) Remaining share 4/5 X`s share=1/2*4/5=4/10 Y`s share=1/2*4/5=4/10 New ratio...X:Y:Z(2/5:2/5:1/5) 2:2:1 Sacrifice ratio...X=1/3-4/15=5-6/15=-1/15 Same as Y(-1/15) Z sacrifices=1/3-1/5=5-3/15=2/15 Goodwill treatment=4,50,000*2/15=60,000 X's capital a/c Dr..30,000 Y's capital a/c Dr...30,000 To Z's capital a/c 60,000

1Thank You

Preeti Sihag 6 years, 4 months ago

Z's share in firm's goodwill=450000×1/5=90000 Old ratio=X:Y(1:1) Nothing is mentioned for sacrifice and gain or for way of getting share so old ratio is sacrificing ratio...i.e(1:1) Z's capital a/c dr..90000 Xcr...45000Ycr..45000

0Thank You

Sachin Yadav 6 years, 5 months ago

X'capital a/c Dr 90000 Y's capital a/c Dr 90000 To z's capital a/c 180000

0Thank You

ANSWER

Can you tell me how to score good marks in company accounting because i can't able to solve single question

Posted by Aryan Raj 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

At the time of admission of a partner c, assets and liabilities of a and b were revalued as follows: 1. A provision for doubtful debts ,@10 percent was made on sundry debtors₹50000 2. Creditors were written back by ₹5000. 3. Building was appreciated by 20percent book value of building ₹200000. 4. Unrecorded investments were valued at₹15000. 5. A provision of 2000 was made for an outstanding bill for repairs. 6. Unrecorded liability towards supplies was 3000. Pass necessary journal entries

Posted by Vimlagola Vimlagola 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Why we calculate sacrificing ratio

Posted by Himanshu Ji 6 years, 5 months ago

CBSE > Class 12 > Accountancy

5 answers

Sia ? 6 years, 5 months ago

Old share in profit - New Share in profit

0Thank You

Ankit Arya 6 years, 4 months ago

sacrificing ratio is computed for distributing the goodwill brought by new partner, which is also known as premium for goodwill.

0Thank You

Chirag Pandat 6 years, 5 months ago

partner share numerator 1 then old ratio is sacrifing ratio

0Thank You

Suman Chettri 6 years, 5 months ago

I order to know how much capital both the partners has to give or sacrifice

0Thank You

Archi Khetan 6 years, 5 months ago

To know the sacrifice of the existing partners

0Thank You

ANSWER

Will this app give some award to winners of quiz competition????i won the quiz competition of accountancy with 8th rank

Posted by Lovely Dhawan 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How many of u had participated in accountancy quiz compitetion?????......nd also tell me ur rank

Posted by Lovely Dhawan 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Why loss on issue of debentures are current assets

Posted by Prince Singh 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Arya 6 years, 4 months ago

who says loss on issue of debentures is current assets.. loss on issue of debenture is not current assets

0Thank You

ANSWER

Tell me about realisation a/c

Posted by Rahul Kumar 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Suman Sharma 6 years, 5 months ago

Realisation account me agar liabilities de ho to use pay Karna jaruri hota h agar uski adjustment bhi di hue na ho balki assets ke sath aesa nahi hota or realisation account me Dr. side sabhi assets sate h cash/bank balance and profit & loss account ko chod kar or Cr. side partners loan, partners capital, general reserves, workmen compensation reserve ko chod Kat sabhi liabilities aate h

0Thank You

Pranshu Mishra 6 years, 5 months ago

Realisation me ham firm band hone ke bad ham assets ki real value ati hai

0Thank You

ANSWER

1 marks Questions MCQ Aayge kya sir?

Posted by Moj Rawat 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Lovely Dhawan 6 years, 5 months ago

Yes of course

0Thank You

Suman Sharma 6 years, 5 months ago

Haa aayega o bhi 20

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ANSWER

Anand, basant and hemant formed a partnership on 1st january 2004 by contributing 40,000 24,000 8,000 respectively as capital. After 1 month hemant invested capital of 4,000. Anand is entitled a salary of 1, 600 per year. which is payable 1000 from the profit of Basant and 600 from the profit of hemant. After charging interest on capital the profit of the firm is to be devided as under First 8,000 is the ratio of 5:2:1 Next as 18,000 is the ratio of 8:6:4 Balance is the ratio of 1:1:1 The profit of the firm in 2004 before charging interest on capital was 63,000. Prepare profit and loss adjustment account and statement of distribution of profit and loss account.

Posted by Abhishek Dansena 2 years ago

CBSE > Class 12 > Accountancy

2 answers

Neha Sahu 2 years, 3 months ago

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0Thank You

Ankit Arya 6 years, 4 months ago

kya problem ho rhi h es question me

21Thank You

ANSWER

Formula of opening capital when fixed capital are given

Posted by Aman Garg 6 years, 5 months ago

CBSE > Class 12 > Accountancy

4 answers

Ankit Arya 6 years, 4 months ago

profit is not transfer to capital account when capital is fixed.. profit is transfer to partners current account.. so the answer given by dev thapar is wrong..

0Thank You

Ankit Arya 6 years, 4 months ago

when capital is fixed.. opening capital = closing capital +withdrawal of capital - additional or fresh capital

0Thank You

Alisha Wadhwa 6 years, 5 months ago

No need of calculating opening capital because opening capital is equal to closing capital in case of fixed capital if there is no additiona cap and no withdrawal.............And of additional capital and withdrawal is given then calculate opening capital by deducting withdrawal and by adding additional capital..

1Thank You

Dev Thapar 6 years, 5 months ago

Closing capital - Additional Capital - Profit= Opening Capital

3Thank You

ANSWER

Abhay babu and charu are partners sharing profit and losses equall

Posted by Kusum Soni 4 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

P q r are in partnership sharing profits in ratio of 3:2:1. R retire . Following bal appeared in their book: goodwill 12000 bank 10000 other assets 70000 creditors 14000 capital : p 40000 q 20000 r 18000 goodwill is agreed at 30000 . Sufficient is to be introduced so that r is paid off and leave 4000 in cash at bank. P and q are to provide such sum as will make their capital proportin to their share of profit . Prepare necessary entries ledger and new balance sheet

Posted by Prachi Khatri 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Pranshu Mishra 6 years, 5 months ago

Bhai itna bada sawal ham is par nahi bata sakte

0Thank You

ANSWER

When the partners’ capital are fixed ,where the drawing made by a partner recorded?

Posted by Ajay Yaduvanshi 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Sachin Yadav 6 years, 5 months ago

On Dr side of current a/c

0Thank You

Preeti Sihag 6 years, 5 months ago

In current account

0Thank You

ANSWER

Mam\sir I am having doubt in share capital

Posted by Sanjay Raja 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Arya 6 years, 4 months ago

what is your doubt??

0Thank You

Mihir Jain 6 years, 5 months ago

What your doubt

0Thank You

ANSWER

A and B are sharing profits and losses equally. With effect from 1st april 2019, they agree to share profits in the ratio of 4:3. calculate individual partner's gain or sacrifice due to the change in ratio.

Posted by Sunaina S 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Bhaskar Roy 6 years, 5 months ago

Old psr - new psr If it's negative then gain If positive then sacrifice

0Thank You

ANSWER

Unaccounted accrued income of ₹ 2400 to be provided for a debtor, whose dues of ₹4,800 were written off as bad debts,paid 50% in full settlement. How it is adusted in revaluation account.

Posted by Srijan Giri 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Manish Singh 5 years, 3 months ago

Debtors are of rs 4800 And it is given that 50% is paid in full settlement unaccounted accrued income are of rs 2400 the entries in revaluation account are accrued income a/c dr. 2400 bad debts recovery a/c dr. 2400 To

3Thank You

Jasnoor Kaur 5 years, 3 months ago

yes

2Thank You

ANSWER

What is Accumulated profit A/c

Posted by Rahul Gupta 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Akbar Md 6 years, 5 months ago

Accumulated profit is not a accounts, its a profit.. There are 7 names to this profit.. 1. workmen compensation reserve 2 investment fluctuation reserve 3 reserve 4 general reserve 5 profit and loss account ---(cr.) 6 contingency reserve 7 Joint life policy fund

0Thank You

ANSWER

What is accounted as a capital receipt and added to capital fund .It is not accounted is income because it is a one time payment

Posted by Keshav Goyal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How to understand fundamental in A/C

Posted by Divyanshu Maheshwari 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Aboobakkar Siddiq 6 years, 5 months ago

To understand the fundamental you buy ( double entry book keeping accountancy) ts grewal. In this each and every cocept has told in detailed manner that u can understand. And it is better to buy the class 11 book because it has more basics so buy the class 11 book first and learn the basics overview it. And practice class 12

1Thank You

ANSWER

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