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

amount of commission after charging such commission=net profit x (commission%/100+commission%) =220000 x (10/100+10) =220000 x 10/110=Rs.20000 hope this helps!!

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X and Y are partners with capital of ₹100000 and ₹80000 respectively on 1st April 2016 and their profit sharing ratio is 2:1. Interest on capital is agreed @12%p.a. Y is to be allowed ab annual salary of ₹60000. The profit for the year ended 31st March! 2017 amounted to ₹ 50000. Manager is entitled to a commission of 10%of the profits. Prepare profit and loss appropriation account and capital account.

Posted by Rajkumari Jaiswal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Aakash Anand 6 years, 5 months ago

Heyy it cant be solved here it needs complete format and then we have to put ioc,net profit,and divisble profit in the debit and credit column of p and l appropriation account

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Solvency ratio

Posted by Harsh Agrawal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Solvency Ratios are calculated to judge the long-term solvency of the business. It indicates the ability of a business firm to meet its long term liabilities. It is calculated by dividing a company's cash flow or after-tax net operating income by its total debt obligations.

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Is joint life policy is a part of cbse syllabus or not?

Posted by Utkarsh Anand 6 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Sia ? 6 years, 5 months ago

Check syllabus here : https://mycbseguide.com/downloads/cbse-class-12-accountancy/1315/cbse-syllabus/1/

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Suruchi Shrivastav 6 years, 5 months ago

No its syllabus of bihar board

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How we find out hidden goodwill

Posted by Husan Dhaliwal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Hidden goodwill is the goodwill which is calculated on the basis of new partners capital and his share of profit.

Hidden Goodwill = Total capital required on the basis of new partners capital and his share of profit - Actual Capital Employeed of New Firm

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A and B were partners sharing profits in the ratio of 21:9 . C admitted on 9/21 share in profits.calculate new profit sharing ratio of the partners.

Posted by Riya Riya 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Aakash Anand 6 years, 5 months ago

A:B --21:9 ,C--9/21 share.Let the profit be 1 then remaing profit--(1)-9/21 i.e, (12/21).New ratio of A 21/30 multiplied by 12/21.New ratio of B 9/30 multiplied by 12/21. Now make denominator equal of A,B and C.It will come A--84/210, B--36/210, C--90/210.Hence new ratio of A,B and C will be 84:36:90.

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is computorised accountancy a theory based or numerical or both

Posted by Shruti Awasthi 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Aakash Anand 6 years, 5 months ago

It is theory based but it have some proframs which we have to learn practically.

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Abc were partners in the form sharing profit in the ratio. Of 8:4:3 B retire and his share is taken up by equally by A and C find a new profit sharing ratio

Posted by Himanshi Roy 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Maanvi Chouhan? 6 years, 5 months ago

b's share =4/15 B retires and share taken up in equal ratio = 4/15 *1/2= 2/15 A 's new share = 8/15+2/15=10/15 or 2/3 C's new share =3/15+2/15=5/15 or 1/3 So new ratio of new firm is 10:15 or 2:1.

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Partnership deed is compulsory or partly compulsory

Posted by Prachi Khatri 6 years, 5 months ago

CBSE > Class 12 > Accountancy

5 answers

Hameer R 6 years, 5 months ago

Partnership deed is not compulsory. Partners can give oral agreement also.Partnership deed is only advisable to avoid conflicts .you can also start partnership firm without agreement.

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Prachi Khatri 6 years, 5 months ago

Yaa of course agar partnership deed nhi hoga to conflict hoga but book m to nhi h n ki partnership deed compulsory h

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Prachi Khatri 6 years, 5 months ago

I know that but agar question m dono option ho to mujhe kon sa tik karna chahiye

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Tushar Dhiman 6 years, 5 months ago

No partnership deed is not compulsory because partnership is formed by a act is "Indian partnership act1932"

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Himanshi Roy 6 years, 5 months ago

Yes partnership deed are compulsory agar ye nhi ho gi to partner ko share Disbiute krne mein problem aayegi because agar koi partner partner ka bhi koi zyada kaam kar le toh phir woh kahega ki maine zyada kaam karein toh mujhe profit zyada milna chahiye

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Please tell. Me the jornal entry of advertisement include unissued material of 4000

Posted by B Benipal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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T. S grewal .. chapter 4 ques no. 15??

Posted by Tanisha Gupta 6 years, 5 months ago

CBSE > Class 12 > Accountancy

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A and B are partners. A's capital is 100000 and N'Djamena capital is 60000 .Interest on capital is payable @ 6% p.a. B is entitled to a salary of 3000 per month. Profit for the current year before interest and salary to B is 80000. Prepare Profit and Loss Appropriation Account

Posted by D Jaat Jat 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Profit and Loss Appropriation Account for the year ending on

Particulars		Amount	Particulars	Amount
To Salary to Y		360	By Profit and Loss A/c(Net Profit)	800
To Interest on Capital:	...
X	60	...		...
Y	36	96		...
To Net Profit transferred	...	...		...
X's Capital A/c	172	...		...
Y's Capital A/c	172	344
	...	800		800

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Koi Yeh bata sakta h kya ki cbse me partnership fundamentalz wale chapter me jo guarantee of profit topic h usme loss ka koi case toh ni h?

Posted by Shaily Jain 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Shivam Sharma 6 years, 5 months ago

In case of net loss, the guarantee of profits adjusted in partner's capital A/C

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Cbse 2019 se

Posted by Anamika Anamika 6 years, 5 months ago

CBSE > Class 12 > Accountancy

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From the following given below,prepare receipt and payment account of railway club for the year ended 31st march,2019: Rs. Cash in hand 4,390 Subscription 37,600 Donations 8000

Posted by Khushi Bhatia 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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How do convert fixed capital method into fluctuating capital method

Posted by Shivam Sharma 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Shaily Jain 6 years, 5 months ago

In fluctuating capital method u have to make only one account i.e,capital account . Format of capital account in case of fluctuating method is given in the book

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Kya account es year kuch change hua h

Posted by Shahbaz Rana 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Check syllabus here : https://mycbseguide.com/cbse-syllabus.html

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Distinguish between 'fixed capital account' and 'Fluctuating capital account' on the basis of credit balance

Posted by Hans Jaiswal 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 5 months ago

Difference between fixed and fluctuating capital account is stated below

Basis	Fixed Capital account	Fluctuating capital account
Credit balance	It always shows credit balance in capital account as Capital seldom changes except introduction of new capital or withdrawal of capital.	Fluctuating capital can also show credit balance, as well as, debit balance because all entries are made in one account. Therefore, when losses are more or when drawings are more than capital, it may show a debit balance too

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On 1 dec 17 a major repair was made in respect of plant incurring 30000 which was charged to revenue the said the sum is agreed to be capitalised for goodwill calculation sunject to adjustment of dep of 10% on reducing bal method Iska kya treatment hoga ?? If we want to calculate goodwill

Posted by Surpreet Kaur 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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Reduce stock 25880

Posted by Biswajit Chamda 6 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

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x y and z are partner in a firm sharing profit and loss in the ratio of 2:2:1. D admits from 1 april. on his admission following balances appeared in the book of the firm. advertisement suspense account 25000, contingency reserve 15000, wcr 20000, p & loss (cr) 15000. Pass the necessary journal entries for the adjustments of these items.

Posted by Gayatri Nanda 6 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Prachi Khatri 6 years, 5 months ago

X Ac dr 10000 Y Ac dr 10000 Z Ac dr 5000 To advertisment suspense Ac 25000 Contingency reserve Ac 15000 Workmen compensation reserve Ac 20000 P/L Ac 15000 To X Ac 20000 To Y Ac 20000 To Z Ac 10000

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Please tell me about project work

Posted by Mankirat Kaur 6 years, 5 months ago

CBSE > Class 12 > Accountancy