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1)is registration of a firm is compulsory or optional. 2)state the purpose of allowing interest on capital of a partner. 3)why is it desirable to make the partnership agreement in writing .

Posted by Kirubakaran Kiru 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Wadhwa 6 years, 6 months ago

1) Registration of a partnership firm is optional but in case of limited liability partnership ,,it is compulsory. 2) interest on capital is allowed to compensate that partner who contributed excess capital in the firm. 3) it is not necessary to make partnership agreement in writing but it is useful to make partnership agreement in writing because it helps to settle disputes and misunderstandings among partners

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Adjustment of profit on revaluation of assets and reassessment of liabilities was rs 10000

Posted by Abhinav Mishra 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Tanishq Shukla 6 years, 6 months ago

Revaluation ac dr. To old partners capital or current ac

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What is the sub heading of patent being developed by company

Posted by Pankaj Kriplani 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 6 months ago

BALANCE (ASSETS SIDE ONLY)

Particulars	Note No.	Rs.
I. ASSETS
1. Non Current Assets:
a. Fixed Assets
Tangible
Intangible
Capital Work in Progress
Intangible Assets under Development
b. Non Current Investments
c. Deferred Tax Assets (Net)
d. Long term Loans and Advances
e. Other Non Current Assets
2. Current Assets:
a. Current Investments
b. Inventories
c. Trade Receivables
d. Cash and Cash Equivalents
e. Short-term Loans and Advances
f.Other Current Assets

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What are changes when capital are fixed?

Posted by Shivam Sharma 6 years, 6 months ago

CBSE > Class 12 > Accountancy

3 answers

Shivam Sharma 6 years, 6 months ago

When fixed capital method, the new partner's capital show in capital A/C, only withdrew of capital show in Dr. Side of capital A/C or but Drawings is show in Dr. Side of current A/C , premium for goodwill in Cr. Side, OR OTHER INCOME IN Cr. Side AND OTHER EXPENSES IN Dr. Side.

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Shaily Jain 6 years, 6 months ago

If the question is asking to make capital account then in this case u have to make both capital and current account

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Shaily Jain 6 years, 6 months ago

Changes in what?

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ANSWER

Chpter 1 partnership firm Unsolved question no 11 Dk goel

Posted by Muskan Agarwal 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sagar Sharma 6 years, 6 months ago

Ho jayega mgr apko ese smjha nhi skte kyuki yaha pe smjhana mushkil h

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X,Y,Z were in partnership sharing profits and losses equally. Y retires from the firm. After adjustments,his capital account shows a credit balance of 300000 as on 1 st April,2016 . Balance due to Y is to be paid at 3 equal annual installments along with interest @10% p.a . Prapare Y's loan account until he is paid the amount due to him. The firm closes its books as on 31'st march every year .

Posted by Sneha Gupta 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Comperhensive question of coffee including gst with solution

Posted by Tristi Rajput 6 years, 6 months ago

CBSE > Class 12 > Accountancy

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Aand B are partners sharing profits in the raio of 3:1. C admitted and new ratio is 5:3:2 .calculate sacrificing ratio

Posted by Surendra Gangwar 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 6 months ago

Old Ratio of A and B = 3 : 2
New Ratio Of A, B and C = 5 : 3 : 2
Sacrifice of share = Old share - New share
Thus, A's sacrifice is {tex}\frac { 3 } { 5 } - \frac { 5 } { 10 } = \frac { 6 - 5 } { 10 } = \frac { 1 } { 10 }{/tex}
And, B’s sacrifice is {tex}\frac { 2 } { 5 } - \frac { 3 } { 10 } = \frac { 4 - 3 } { 10 } = \frac { 1 } { 10 }{/tex}
Hence, sacrificing ratio of A and B = {tex}\frac { 1 } { 10 } : \frac { 1 } { 10 }{/tex} or 1 : 1.

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How to do comprehensive project???

Posted by Anna Anna 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Freatment of Hidden Goodwill). Rurn and Rahim are partners in a firm They share profits snd losses in the ratio of 3:2. Their Balance sheet as at 31 March, 2014 was Liabilities Rs. Assets Rs. Capital A/cs Cash at Bank 1,20,000 3,00,000 150.000 Ram 2,00,000 20.000 Debtors 1,80.000 Rahim Craditors Bills Payable Outstanding Rent 4,50.000 Less:prov.ForBD 1.50.000 Stock 80.000 Plant and Machinery 20.000 Prepaid Expenses 7,00,000 50,000 3.40,000 10,000 7,00,000 They admiticd Prabhu as a new pariner on I" April, 2014 on the following terms ) Prabhu will bring in Rs. 2,00,000 as capital and the necessary amount for goodwill. (ii) The new prolit-sharing ratio among Ram, Rahim and Prablu will be 5:3:2 (i) The amount of goodwill is to be based on Prabhu's share in profits and capital contributed by him. (iv) Stock to be depreciated by 10% Provision for Doubtful Debts is to be only Rs. 5,000. (v) (vi) Plant and Machinery Prepare Revaluation Account, Bank Account, Partners' Capital Accounts and the Balance Sheet of the New are to be depreciated by 5%.

Posted by Vansh Khurana 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

25 MCQs of chapter 1 financial statement not for profit organization

Posted by Suniti Singh 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Ks Praveen 6 years, 6 months ago

this important for profit organization

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Accountancy short case study on any enyerprise

Posted by Anish Khan 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

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Is there Any project in net ABI comprehensive project with gst

Posted by Anees Mariam 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

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Nehru club has 1500 members .each contributes rs 50 p.a. total subscription received during the year ending 2017 was rs 105000 including 25000 for the yr 2016 and 22000 for the year 2018 .forty members paid their subscription for 2017 in 2016 . Compute subscription

Posted by Sanchi Jain 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Suresh Yadav 4 years, 6 months ago

75000

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Page no.-5.113, Question no. 102, Chapter 5, T.S.Grewal

Posted by Kaamni Sharma 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Babu Seer Singh 6 years, 6 months ago

Apna whatsapp no bhej dena takiii me. Uspr answer ka pic bhej du

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x and y are partners in a firm.z is admitted as a new partner and new psr between is decided 1:2:2 the sacrificing ratio is 4:1 calculate old psr

Posted by Rhea Chattani 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Wadhwa 6 years, 6 months ago

New+sacrifice = old X: Old= 1/5+4/5=5/5 Y: Old=2/5+1/5=3/5 Hence,old ratio=5:3

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x and y are partners in a firm.z is admitted as a new partner and new psr between is decided 1:2:2 the sacrificing ratio is 4:1

Posted by Rhea Chattani 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

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Page no 3.163. Question number 76 of dk Goel

Posted by Ratnesh Pandey 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

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Ram and raghav were twin brothers ram was interested in computer science.......

Posted by Arnavsingh Yadav 3 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A b and c were partners in a firm sharing profit and losses in the ratio of 2:2:1 their balance sheet as on 31st March 2018 was as follows... Liabilities- creditors 20,000 bills payable 5,000 general reserve 40,000 workmen compensation reserve 35,000 investment fluctuation reserve 10,000 capital account a 2,00,000 b 150000 1,00,000 lakh Asset -cash and Bank 30,000 daters 60,000 stock 1,50,000 investment (market value 320,00 )40000 plant and machinery 2,60,000 profit and loss account to 20,000 ..D is admitted for 1/4th share ..Pass journal entry

Posted by Aryan Rana 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

There is only 20 objective in which we have to give answer in words and make accounts in left 60 marks question in 80 number paper

Posted by Abhijeet Jadon 6 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Sia ? 6 years, 6 months ago

Check the syllabus here : <a href="https://mycbseguide.com/cbse-syllabus.html">https://mycbseguide.com/cbse-syllabus.html</a>

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Rajat Vashisth 6 years, 6 months ago

Yes. But don't take it lightly. The one word will trouble you the most. Few questions will be Hots which will be hell tricky and not to mention, even lengthy.

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Solution of account

Posted by Mohd Javed 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Show the following information in the balance sheet of the Vinod sports club as on 31st march 2007

Posted by Greeshma P.R 4 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

pg 6.94 q65

Posted by Rahul Sharma 6 years, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Page no. 4.43 question no.27

Posted by Priya Sharma 6 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Babu Seer Singh 6 years, 6 months ago

Hame is question me reserve nhi distribute krna hai....iske liye adustment entry pass krna hai....

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Shubham Raj 6 years, 6 months ago

Which book

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K,M and L sharing profit &loss in the ratio of 1:2:2,decide to share future profit equally with effect from 1st April 2019. On that date, general reserve had a balance of 40,000:P&L a/c 80,000 and 30,000 as the balance of advertisement suspens a/c . You are required to give a journal entry showing the decision that the values will not be affected

Posted by Yogita Suri 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Tushar Mittal 6 years, 6 months ago

General reserve a/c dr.40,000 Profit and loss a/c dr.80,000 To k's capital a/c 24,000 To m's capital a/c 48,000 To l's capital a/c 48,000 K's capital a/c dr.6,000 M's capital a/c dr. 12,000 L's capital a/c dr.12,000 To advertisement suspence a/c30,000

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A and B are partner in a firm sharing profit & losses in the ratio of 3:2 . They admit C for 1/6 share in profit and guaranteed that his share of profit will not be less than 90000. Calculate share of profit for each partner when (a) Guarantee is given by firm (b) Guarantee is givem by A (c) Guarantee is given by A and B equally

Posted by Sunita Keshari 6 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Sunita Keshari 6 years, 6 months ago

Whi to question h ki firm ka profits nhi given nhi h

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Alisha Wadhwa 6 years, 6 months ago

Firm ka profit kitna h???

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ANSWER

What we do if partner loan is charge againts profit

Posted by Abhijeet Jadon 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Ram Sham 6 years, 6 months ago

It will be show on dr. side of profit and loss a/c

1Thank You

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Give journal entry for the following on the admission of vinod ,as a partner in the journal of amit and bobby (a) Unrecorded Investment worth Rs.20000 (b) Unrecorded Liabilities towards suppliers for Rs. 6000

Posted by Nandini Rai 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Shivam Sharma 6 years, 6 months ago

Unrecorded Investment A/C. Dr. To Revaluation A/C. Revaluation A/C. Dr. To Unrecorded Liabilities A/C.

2Thank You

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State the purpose of allowing interest on drawing of a partner

Posted by Nandini Rai 6 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Wadhwa 6 years, 6 months ago

Interest on drawings is a means of discouraging partners from withdrawing excessive amounts from the business. So that,,,it is credited to profit nd loss appropriation a/c and debited to partner's capital a/c

1Thank You

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