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

Average Profit = Profit of 1 year = 100000 Profit of 2 year= 2× 100000=200000 Profit of 3 year 3/2×200000=300000 100000+200000+300000÷3=rs 200000 Goodwill = average profit × year purchase =200000×1.5 = rs 300000

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How many subject are there of theory

Posted by Gulnaaz Rajput 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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NPO question no. 17 practical problems

Posted by Shaina Rajput 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Ashish and aakash are partners sharing profit in the ratio of 3:2. Their capital accounts showed a credit balance of ₹500000 and ₹600000 respectively as on 31st March 2019after debit of drawings during the year of ₹150000 & ₹100000 respectively. Net profit for the year ended 31st March 2019 was ₹500000. Interest on capital is to be allowed @10% p. a. Pass the journal entry for interest on capital and prepare profit and loss appropriation account.

Posted by Shikha Thakur 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Jitender Mittal 6 years, 7 months ago

Ans First of All u Have to calculate opening Capitals by Adding Drawings .then u can easily cal.the amount of interest on capital.after calculating the amount then u can pass the journal entry int. on cap to Part. cap a/c & P/l appro.A/Cdr to Int.on Cap A/c

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Amit and viney are partners in a firm sharing profits and losses in 3:1 ratio.on 1.1.2007 they admitted ranjan as a partner. On ranjans admission the profit and loss account of amit and viney showed a debit balance of Rs.40000 . Record necessary journal entry for the treatment of the same.

Posted by Bintu Kumar 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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A ,B, C are partner in a firm sharing profit and loss equally .On 1st April theur capitals are 800000 600000 600000 .1st o ct.2018 A advanced 100000to furm wgereas C took a loan of 150000 from firm on same date .it was agreed that C will pay interest@10%p.a. profit for yer 31sr march 2019is 420000 before alllowing or charging int.on loan .pass journal entry for int. on.loan.and prepare current a/c of the partners.

Posted by Prateek Sheoran 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Question 12

Posted by Amit Kt 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Rashida Khan 6 years, 7 months ago

Of which chapter and book??

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What is mean by provision for grantuity

Posted by Pooja Chaudhary 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Where would you record 'interest on drawing' when capital is fixed

Posted by Shalu Garg 6 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Sakshi Sharma??️??️ 6 years, 7 months ago

In current A/c on debit side

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Prince Kumar 6 years, 7 months ago

Current a/c

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Anita and babita are partners with capitals of ₹10000 and₹12000 respectively. They admitted Rinky as a partner with1/5 share in profits of the firm.Rinky brings ₹10000 as his share of capital.Give necessary journal entries to record goodwill

Posted by Suhail Bashir 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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I want online classes

Posted by Bhumika Arora 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Trading p & l account

Posted by Vishal Kumar 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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There were 450 member

Posted by Gaurav Patidar 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Aakriti and Bindu entered into partnership for making garment on April 01 , 2015 without any partnership agreement. They introduced Capitals of Rs. 5,00,000 and Rs.3,00,000 respectively on October 01, 2015 . Akriti advanced.Rs. 20,000 by way of loan to the firm without any agreement as to interest . Profit and loss account for the year ended March 2016 showed profit of Rs. 43,000. Partners could not agree upon the question of interest and the basis of division of profit .you are required to divide the profits between them giving reason for your solution.

Posted by Riya Kanpuriya 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Rashida Khan 6 years, 7 months ago

Interest on loan will be given to Akriti @6% p.a. and profit will be devide equally among the partners according to Indian partnership act 1932 section 4

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What is the nature of income and expenditure account

Posted by Vidushi Chauhan 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Pranav Kumar 6 years, 7 months ago

Real Account

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Reema and seema are partners sharing profits equally. The partnership deed provides that both reema and seema will gey monthly salary of 15000 each,interest on capital wiil be allowed @5%p.a.and interest on drawings will be charged @10%p.a. their capital were 500000 each and drawings during the year were 60000 each. The firm incurred net loss of 100000 during thr year ended 31st march,2019. Prepare profit and loss appropriation account.

Posted by Shivam Gupta 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Anjali Patel 2 years, 3 months ago

answers

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What is profit sharing ratio

Posted by Harshit Sharma 6 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Rashida Khan 6 years, 7 months ago

Profit sharing ratio is that ratio in which profit will be divide among the partners

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Pranav Kumar 6 years, 7 months ago

It is ratio at which the members of partnership firm share the profit earned by the firm.

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Which writer book is best for accountancy accept d .k goel

Posted by Aryan Raj 6 years, 7 months ago

CBSE > Class 12 > Accountancy

3 answers

Aryan Raj 6 years, 7 months ago

Thnks

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Sabka Boss 6 years, 7 months ago

Ncert

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Dev Narula 6 years, 7 months ago

T.S grewal

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Name the term used when there is excess of expenditure over income in case of a Not-for-profit Organisation

Posted by Nitu Choudhary 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Dev Narula 6 years, 7 months ago

Net deficit

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Name the term used for showing excess of income over expenditure of Not-for-profit Organisation

Posted by Nitu Choudhary 6 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Shaina Rajput 6 years, 7 months ago

Surplus

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Is calls in arrears is a part of share capital

Posted by Anamika Jain 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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What is direct expenses

Posted by Sangeeta Giri 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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What is meant by ostensible partner

Posted by Urmi Saroha 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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Treatment of adjustment creditors proved at 60000 one will for goods have been omitted from the books

Posted by Deepali Jha 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Asija 6 years, 8 months ago

if already included in stock than increase in the liability shown in the debit of revaluation ,, although if not added in stock thn no treatment ans two sided effct

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Objective of financial statement

Posted by Dheeraj Nirmalkar 6 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Dolly ?️ 6 years, 8 months ago

Determine :1 financial position 2 polices plane for future 3 comparison of profit with previous year is possible

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Dheeraj Nirmalkar 6 years, 8 months ago

<To provide financial data to financial positions and obligations. <To show implementation financial operating profit of financial positions. <To present true and fair information. <To assess effectiveness. <To provide information about cash flow.

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Ncert solutin class 12

Posted by Jyoti Sonkar 6 years, 8 months ago

CBSE > Class 12 > Accountancy