Incorrect URL accessed!!!!

Shruthi Ganesh 6 years, 8 months ago

If it is drawings against profit..then It would be written in the debit side coz there is no change in the capital

ANSWER

Share capital.?

Posted by Dhiraj Ahuja 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 8 months ago

The Share Capital is the total sum of money received by an enterprise after selling its shares to the investors. It comprises of all funds raised by a company in exchange for shares of either preferred or common shares of stock. The amount of share capital or equity financing a firm can differ over time. A company that desires to increase the equity, can acquire authorization to issue and sell additional shares, hereby raising its share capital.

ANSWER

A b and c are partners sharing the profit and losses 2:3:5 ,on 1st july,2004,a ans b granted loans of ₹2,00,000 and ₹1,00,000 respectively to the firm.show the distribution of profits/losses for the year ended 31 march,2005,in the following cases: A. If the profits before interest for the year amounted to ₹7500. B. If the loss before interest for the year amounted to ₹7500

Posted by Ri Tesh 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Sarvagya Jain 6 years, 8 months ago

In both the cases interest on loan will be provided @6% p.a. even if the firm incurs a loss because these are charge against profit.

ANSWER

X and Y are partners sharing profit in the ration of 2:1. Z is admitted with 5/11th share which he takes 3/11th from X and 2/11th from Y . Calculate the new profit sharing ratio of partners.

Posted by Pawan Swami 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What to do when subscription is given of previous year current year and next Year

Posted by Shivangi Tomar 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Deepanshu Jain 6 years, 8 months ago

When there is outsatoutst subscription for the beginning of the year then it is to be deducted & when outstanding for end of the year it is to be added in the years subscription

When there is advance for the beginning of the year it is to be added & when advance at the end then it is to be deducted.

ANSWER

Calculate value of stock from the following Cash sales Rs 40,000 Sales return(out of credit sales) Rs 5,000 Purchase return Rs 4,000 Closing stock Rs 36,000 Credit sales Rs 1,65,000 Purchase Rs 1,24,000 Carriage inward Rs 8,000 Rate of gross profit 40% on sales

Posted by Asghar Rizvi 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Calculate operating profit from the following Net profit 1,00,000,rent rec 10,000, gain on sale of machinery 15,000, interest on loan 20,000 and donation 2,000

Posted by Asghar Rizvi 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Calculate operating profit from the following Net profit 100000, rent rec 10000,gain on sale on machine 15,000,intrest on loan 20,000,

Posted by Asghar Rizvi 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is mean the provisions of the partnarship deed

Posted by Shivam Sharma 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 8 months ago

A partnership deed is a written document that contains terms and conditions agreed between the partners who enter together in a partnership venture for profit making.
Having a partnership deed ensures that potential disputes are avoided by clearly defining the terms of mutual agreement.

3Thank You

ANSWER

Is there is any changes in new eddition of dk goel accountancy

Posted by Aayat Fernandez 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

My concepts of accountancy class 11 is not good enough what to do yr ???

Posted by Victor The Victorious 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

what was the third new book in class 12th

Posted by Dhrav Rathi 6 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Aayat Fernandez 6 years, 8 months ago

Accounting for NPO

D J 6 years, 8 months ago

When u know tell me

ANSWER

What are the objectives of Non profit organization?

Posted by Jyoti Shah 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Shivam Sharma 6 years, 8 months ago

Provide services but adequate amount of profits

A and B are partner with capital of 100000 and 50000 respectively. on 1st April 2017 the trading profit of the firm for the year before appreciation as per partnership deed was 67500. As per partnership deed they were entitled to: 1)interest on capital @ 9% per annum 2)A to get salary to 1000 per month 3)B to get Commission 10000 4)Drawings of A and B varsh 6000 and 5000 respectively and interest thereon amount rupees 400 and 300 respectively. Show how the profit for the year 2016-17 will be distributed between A and B and also show capital account under: 1) fixed capital 2) fluctuating capital

ANSWER

Explaination of receipt and payment account with example question

Posted by Niveditha A 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Posted by Manan Singh 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

how many of u have decided to go for CA after 12th exam?

Posted by Nishika Arora 6 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

D J 6 years, 8 months ago

Don't worry sb whi kr rhe h except me

Yash Garg 6 years, 8 months ago

ANSWER

Is trade receivable current assets ??

Posted by Khushii Verma 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Harshit Mishra 6 years, 8 months ago

Yes, trade receivables are current asset as these are the amount which company will receive within twelve months

6Thank You

ANSWER

How many books are there?

Posted by Vishnu Gurjar 6 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Harshit Mishra 6 years, 8 months ago

There are total of 3 books for accountancy 1. Partnership 2. Company's account 3. Analysis

Khushii Verma 6 years, 8 months ago

ANSWER

Plzz inform me about Accountancy How many accounts textbook are their or volumes

Posted by Mahesh Ahir 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Netal Soni 6 years, 8 months ago

3, vol. 1 is available in the market

ANSWER

Current account balance where will go on

Posted by Ashutosh Vishwakarma 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Aryan Agarwal 6 years, 8 months ago

Liabilities side

ANSWER

State any two contants of partnership deed

Posted by Riya Singh 6 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Ashish Kumar 6 years, 8 months ago

Name and address of partners

Dev Narula 6 years, 8 months ago

1-Name of business 2-Duration of partnership.....

ANSWER

Lokesh and azad are partners sharing profit in the ratio 3:2, with capitals of rs50000 and 30000 respectively. Interest on capital is agreed to be paid @ 6% p.a. Azad is allowed a salary of 2500 p.a. During 2013 the profits prior to the calculation of interest on capital but after charging Azad's salary amounted to 12500. A provision of 5% of profits is to be made in respect of manager's commission. Prepare accounts showing allocation of profits and partner's capital accounts.

Posted by Mudra Patel 6 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Paid rent in advance

Posted by Abhishek Kumar 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajat Vashisth 6 years, 8 months ago

If you want journal entry here it is prepaid rent account debit to rent account

ANSWER

Example of capital expenditure and revenue expenditure

Posted by Rashmeet Kaur 6 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajat Vashisth 6 years, 8 months ago

Amount spent for getting licence amount spent for buying building etc. is capital expenditure and whitewashing the building anually is revenue expenditure