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How to study account for achieving good marks...???

Posted by Yuvika Rana 6 years, 7 months ago

2 answers

Divyansh Yadav 6 years, 7 months ago

Think practical aspect and than try to solve problems. First start with solved question solution than try unsolved 1. Prefer Dk goel. Try to solve question on times 1mark =2 minutes

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Rahulkumar Mishra 6 years, 7 months ago

Be regular and continious practical understanding for good mark in account

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ANSWER

A,B and C are partners sharing profits in the ratio of 2:2:1. D is admitted as a new partners for 1/6 share. C will retain his original share . Calculate the new profit sharing ratio and sacrificing ratio.

Posted by Sharan Kaur 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Ananya Garg 6 years, 7 months ago

Old P.S.R. = 2/5: 2/5 : 1/5

New Share of D = 1/6 = 5/30 = 10/60

New Share of C = 1/5 = 6/30 = 12/60

Remaining Profit = 1 - (1/5+1/6)

= 19/30

Share of A = 19/30 * 1/2 = 19/60

Share of B = 19/30 * 1/2 = 19/60

Sacrifice share by A = 2/5 - 19/60 = 5/60

Sacrifice share by B = 2/5 - 19/60 = 5/60

So, Sacrifice Ratio = 1:1

New Profit Sharing Ratio = 19/60 : 19/60 : 12/60 : 10/60

= 19: 19 : 12 : 10

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ANSWER

A and B are equal partners.they admit C and D as partners with 1/5 and 1/6 share .find new profit sharing ratio.

Posted by Sharan Kaur 6 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Amandeep Kaur 6 years, 7 months ago

Old ratio of A and B = 1:1 C's share =1/5 D's share =1/6 Remaining share = 1- (1/5+1/6) = 1- 11/30 =19/30 A's new share = 19/30 ×1/2 =19/60 B's new share =19/30 × 1/2 = 19/60 Hence, New P. sharing ratio= 19/60 : 19/60 : 1/5 : 1/6 = 19/60 : 19/60 : 12/60 : 10/60 =19 : 19 : 12 : 10

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Ashish Balwada 6 years, 7 months ago

6:5

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ANSWER

Archana,suresh and Deepak are partners in a firm.on 1st April 2016 the balance in their capital accounts stood at rs 600000,rs 500000 and rs400000 respectively. They shared profits in the ratio 4:2:3. Partners are entitled to interest on capital @ 7% p.a and salary to suresh @ rs10000 per quarter and a commission of rs 2000 per month to Deepak as per the provisions of partnership deed. Suresh's share of profit excluding interest on capital is guaranteed @ rs 30000 per annum. Deepak's share of profit including interest on capital but excluding salary is guaranteed @ rs 60000 per Annum. Any deficiency arising on account of shall be met by archana . The profit of the firm for the year ended 31st march 2017 amounted to rs 259000. Prepare profit and loss appropriation account?

Posted by Ruby Jain 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 6 years, 7 months ago

Profit and Loss Appropriation Account

Particulars		(Rs)	Particulars	(Rs)
To Interest on Capital			By Net profit	2,59,000
Archna	42,000
Suresh	35,000
Deepak	28,000	1,05,000
To Salary (Suresh)		40,000
To Commission (Deepak)		24,000
To Profit transferred to :
Archna	40,000
Less: Deficiency	12,000	28,000
Suresh	20,000
Add: Deficiency borne by Archna	10,000	30,000
Deepak	30,000
Add: Deficiency borne by Archna	2,000	32,000
		2,59,000		2,59,000

Working Note:

Calculation for Divisible Profit :
Divisible Profit = Rs 2,59,000 - Rs 1,69,000 = Rs 90,000
Archna’s Share of Profit = Rs 90,000 {tex}\times\frac 49{/tex} = Rs 40,000
Suresh’s Share of Profit = Rs 90,000 {tex}\times\frac 29{/tex} = Rs 20,000
Deepak’s Share of Profit = Rs 90,000{tex}\times\frac 39{/tex}= Rs 30,000

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ANSWER

Any have any kind of example ot make me understand

Posted by Shubham Verma 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Shaina Rajput 6 years, 7 months ago

Which topic ??

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ANSWER

Deprication all hurt this name my ouestion is that if we buy any product then on that we put deprication charge but on land we never hurt that there is deprication charge why

Posted by Shubham Verma 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Anubhuti Srivastava 6 years, 7 months ago

Because land is not a depreciated item. It is an appreciated item. We charge depreciation on those items only whose values decreases year after year. But in case of land, its value increases year after year, so we not charge depreciation at this item.

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