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

aur past the necessary general and diaries for the following transactions on the dissolution of the farm of Sudha and Shiva after the various assets other than cash and outside liabilities have been transfer to realisations amount first Sudha agri to pay of her husband loan 19000 second or debater whose debate of 9000 was written of in the books paid 7500 in full settlement 3rd Shiva took over all investments at 13300 4th 3 creators 10000 where paid at 9% discount

Posted by Anchal Kumari 1 year, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Aryan Maurya 1 year, 9 months ago

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

0Thank You

Lavish Bansal 1 year, 9 months ago

Realisation A/c. dr. 19000 to sudha capital A/c. 19000 Bad-debt recovered A/c Dr 7500 to Realisation A/c. 7500 Shiva capital A/c dr. 13300 to Realisation A/c. 13300 Realisation A/c dr. 9100 to Creditors A/c. 9100

2Thank You

ANSWER

Dhruv Kalra 1 year, 9 months ago

Profit and Loss Adjustment Account for the year ended 31st March 2019 Dr. Cr. Particulars Amount (₹) Particulars Amount (₹) Manager’s Commission (3,00,000×5%) 15,000 Profit and Loss A/c (Net Profit after Y’s salary) 2,40,000 Y’s Salary 60,000 Profit transferred to Profit and Loss Appropriation A/c 2,85,000 3,00,000 3,00,000 Profit and Loss Appropriation Account for the year ended 31st March 2019 Dr. Cr. Particulars Amount (₹) Particulars Amount (₹) Salary to Y 60,000 Profit and Loss Adjustment A/c 2,85,000 Interest on Capital: (After manager’s commission) X 40,000 Y 30,000 70,000 Profit transferred to: X’s Capital A/c 93,000 Y’s Capital A/c 62,000 1,55,000 2,85,000 2,85,000 Working Notes: WN 1 Calculation of Manager’s Commission Profit for making Managers’ Commission = 2,40,000 + 60,000 (Y’s Salary) = ₹3,00,000

myCBSEguide

myCBSEguide

Test Generator

CUET Mock Tests

Download myCBSEguide App

All Courses

Other Websites

CBSE Courses

Resources

Corporate

NCERT Solutions

CBSE Sample Papers