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Difference between profit and loss account and profit and loss appropriation account

Posted by Breaker Ansari 6 years, 10 months ago

3 answers

Shweta Aggarwal 6 years, 10 months ago

Profit and loss account shows net profit whereas profit and loss appropriation account shows share of partners in divisible profit In profit and loss account charge against profit is recorded

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Sonali Kumari 6 years, 10 months ago

Cureent

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Sonali Kumari 6 years, 10 months ago

Current capital kese niklegi

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ANSWER

Ts grewal volume 3 scanner question number 12 solution

Posted by Rajashi Contractor 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How to treat proposed dividend plzz..answer it i am very confuse in it

Posted by Rishita Sahu 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Riya Sahu 6 years, 10 months ago

I know this treatment but mostly teachers and i saw on youtubes they suggest that previous year div...used in financing activity and current year will be added for making net profit before tax

2Thank You

Ridhi Mehta 6 years, 10 months ago

Previous year's proposed dividend will b added in working notes nd same will be deducted from financing activity ... there is no use of current year's proposed dividend

3Thank You

ANSWER

A, B and C were in partnership sharing profits and losses in the ratio 3:2:1 respectively. C was guaranteed a profit of Rs. 7500. The profit for the year 2017-18 amounted to Rs. 36000. Pass journal entries, to show appropriation of profit among partner.

Posted by Nishat Anjum 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Ridhi Mehta 6 years, 10 months ago

Profit and loss appropriation a/c Dr. 36000 . To A's capital A/C 17100 . To B's Captial A/C 11400 . To C's capital A/C 7500

3Thank You

ANSWER

Guys how to complete accountancy paper on time .?????

Posted by Diksha Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Diksha Sharma 6 years, 10 months ago

Phir bhi rah jaata h paper??

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Ujjawal Pandey 6 years, 10 months ago

Ap ko jo topic ata h vo kro sab sa phala or ussma time km lgna chyia and then vo question kro jissma aap ko thoda problem ho and spend time here u save

3Thank You

ANSWER

memorandum revaluation is in our syllabus or not ?

Posted by Bhavini Pathak 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Diksha Sharma 6 years, 10 months ago

No...it is given in grewal but it is not in our syllabus....

1Thank You

ANSWER

memorandum revaluation is in our syllabus or not ?

Posted by Bhavini Pathak 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shweta Aggarwal 6 years, 10 months ago

It is in our syllabus but not important

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ANSWER

calculate return on investment and debt equity ratio from the following information net profit after interrst and tax 300000 10%debenture 500000 tax rate 40% capital employed 4000000

Posted by Atul Soni 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajip Chowdhury 6 years, 10 months ago

Debt to equity=long term debt/shareholder equity that is 500000/3500000=0.14:1 Return on investment =net profit before interest and tax/capital employed *100 that is 300000+200000(tax)+50000/4000000=13.75 Shareholder fund = capital employed-non current liability

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Discovered Estimated value of provident fund .. will this adjustment come in revalution account?

Posted by Shruti Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Shruti Sharma 6 years, 10 months ago

But it wasn't given in the balance sheet.. then also?

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Diksha Sharma 6 years, 10 months ago

Yes...debit side as an liability is increasing...

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When interest received is considered as financing activity

Posted by Shirusti Jain 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Krishanu Saxena 6 years, 10 months ago

When we pay the interest then it will be added in operating activities and the same will be deducted from financing activity

1Thank You

Krishanu Saxena 6 years, 10 months ago

No it will be considered as investing activity

0Thank You

Snigdha Bhardwaj 6 years, 10 months ago

Interest on calls in arrears

2Thank You

ANSWER

What is the treatment of proposed dividend in cash flow statemen ?

Posted by Md Amaan 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Rajip Chowdhury 6 years, 10 months ago

According to the new rule proposed dividend now don't appear in the balance sheet it appears in the commitments in the footnote. There opening and closeing balances of proposed dividend r given out of which opening value of divided is added in operating activity and then subtracted in financing activity.

1Thank You

Pulkit Agarwal 6 years, 10 months ago

Of previous year only

1Thank You

Shubham Kumar 6 years, 10 months ago

Add in cash flow from operating activitie Less in cash flow from financing activitie

2Thank You

ANSWER

Difference btw dissolution of partnership and dissolution of firm on court basis

Posted by Sejal Choudhary 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajip Chowdhury 6 years, 10 months ago

Dissolution of partnership takes place whenever new partner is admitted., retired or in case of death but dissolution of firm means the that whole partnership firm comes to an end by order of court or when partners becomes in solvent and many other situation r there.

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ANSWER

Ajay bring 500000 and s sundry assets 150000 sundry liability 500000 share ,1/5

Posted by Jovan Malli 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

An Old customer whose account was written off as bad debt has given her Acceptance for Rs 1,750 for 2 months in full settlement of her dues. Where will this be shown and Amt also?

Posted by Sarthak Mehra 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shweta Aggarwal 6 years, 10 months ago

It will be shown in revaluation account as bad debt recovered in credit side by 1750

1Thank You

ANSWER

I really want to do gud in accountancy as my board exam is scheduled on 6th March 2019 but i could not able to do better can i have a board exam paper of 2019 ???? As a sample (pattern)

Posted by Shivani Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Tanisha Garg 6 years, 10 months ago

cbse.academic.nic.in

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ANSWER

Calculate subscriptions to be shown in income and expenditure account by given information for year March 31 2007 Subscriptions 2005-06 = 7000 2006-07 =30000 2007-08 =5000 Subscriptions outstanding March 31,2006 85000 Total subscriptions outstanding March 31, 2007 18500 Subscriptions received in advance as on March 31,2006 4000

Posted by Aishwarya Chabba 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rajip Chowdhury 6 years, 10 months ago

Subscription =30000(for the current year)+17000(18500 total subscription -1500 for last year)+4000 as opening advance=51000.i think opening outstanding given is wrong it will be 8500 not 85000.

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Can a partner be exempted from sharing the losses in a firm? If yes, under what circumstances? 1. If all partners agree 2. If there is no partnership deed 3. If one partner is new 4. If one partner is active partner Which option is correct?

Posted by Anushka G 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shweta Aggarwal 6 years, 10 months ago

Option 1

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ANSWER

X,Y,Z are partner sharing profits in the ratio 1/2,2/5,1/10 find the new ratio remaining partners if Zretries please give me answer

Posted by Sourav Pathak 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Jowan Bhullar 6 years, 10 months ago

5:2

1Thank You

Sarthak Mehra 6 years, 10 months ago

5:4

0Thank You

Shweta Aggarwal 6 years, 10 months ago

5:4

0Thank You

ANSWER

what is the treatment when old partner take over the assets on the admission of new partner?

Posted by Priyanka Rautela 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Divya Chawla 6 years, 10 months ago

Old partner cap a/c dr. To asset a/c

2Thank You

ANSWER

Marking scheme for each question??

Posted by Sakshi Chauhan 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rishita Sahu 6 years, 10 months ago

Listed on samplepaper and books also

0Thank You

ANSWER

What is fund based accounting in easy words?

Posted by Roshni Verma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Divya Chawla 6 years, 10 months ago

Expenses aur income of particular fund ka treatment usi fund ke sath krna

1Thank You

ANSWER

There is too much of confusion in chapter 1 of accountancy like the concept of past adjustment. Please Give some tips to learn?

Posted by Roshni Verma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Sakshi Jain 6 years, 10 months ago

Firstly clear your concept (through your teachers or online tutors) than do practice of related question....i think your confusion will be clear...? all the best

1Thank You

ANSWER

x,y,z are equal partners in a firm. they decided to change profit sharing ratio to 3:2:1 Balance sheet show general reserve 15000, wcr 18000 and p&l (dr.) 6000. Case1 when they decide to maintain identity of reserves and surplus. Case 2 when they decide to keep only wcr at 24000. Show accounting treatment

Posted by Khushi Modi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and B started business on july 1,2004, each partner contributing RS.1,50,000 as his share of capital. Three months later , on October 1,2004, B makes an additionally contributed of RS.1,00,000 which is treated as loan the profit for the period ending march 2005 was RS.85,000 before charging any interst .all the partner were entitled to a salary of RS.3,000each per quarter .the partner had drawn RS.24000 each on 1st January 2005 prepare p/l appropriation account

Posted by Dharun R.K. 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

From the following information prepare the balance sheet of gitanjali ltd as per the schedule

Posted by Shubam Babar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Divya Chawla 6 years, 10 months ago

Format of balance sheet

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Divya Chawla 6 years, 10 months ago

Company accounts ka schedule 3

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Sakshi Jain 6 years, 10 months ago

Where is schedule

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ANSWER

Short term borrowings ka treatment kon kon si activity me hota hai...

Posted by Yash Rochwani 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Rishita Sahu 6 years, 10 months ago

Some tyms in short term borrowing provision for tax given so current year tax is used on making net profit before tax nd previous year is less to make case flow from operating activity after tax

1Thank You

Rajip Chowdhury 6 years, 10 months ago

It will come under financing activity. If the borrowing increases then it will added and if borrowings r reduced it means payment is done and thus subtracted.

2Thank You

ANSWER

Bank owardraft cash flow me kaha jata hai or kya karte hai +/-

Posted by Saumya Kesharwani 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Saumya Kesharwani 6 years, 10 months ago

Means that in case opening bank overdraft is greter than closing no entry made

0Thank You

Rajip Chowdhury 6 years, 10 months ago

It will come under financing activity. If opening bank overdraft is greater than closeing it means that during the year bank overdraft is paid but if closing is greater than the opening it means bank overdraft has increased and thus it will be added.

4Thank You

ANSWER

Will Employees Provident Fund will be paid during dissolution of firm in realisation why or why not please reply fast

Posted by Nikita Lohiya 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Yashvardhan Sharma 6 years, 10 months ago

Yes it will be paid in realisation because it is considered as an outside liability and it is compulsory to pay off outside liabilities

3Thank You

ANSWER

What is honorarium

Posted by Chhaya Sandeep 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 10 months ago

An honorarium is a voluntary payment given to a person for services delivered. These are generally acts or services for which customs and traditions disallow a price to be set. Payments are made just as a gesture to thank or appreciate the person for rendering the services. The honorarium is not legally required.

Example

A person was told to judge a competition for which the sponsors were only willing to offer an honorarium, so, legally there is no payment to be made for this task. There is no salary, it is not a freelance or an hourly contract.

Another example of an honorarium could be a situation where a person gives a speech at a conference, he/she may receive an honorarium for the service.

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Cash flow question 42

Posted by Devashish Dwivedi 6 years, 10 months ago

CBSE > Class 12 > Accountancy