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What is debentures

Posted by Raiffel Dias 6 years, 10 months ago

1 answers

Mbj Jha 6 years, 10 months ago

Debenture refers to long -term loan capital .Debenture -holders are the creditors of the company . They are paid interest on their debenture s regularly at fixed rate.

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answers of foreign set 2 2016

Posted by Riya Chauhan 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Harsh Singh 6 years, 10 months ago

It is available in mycbseguide app Install it from playstore

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What is meant by deceased partner?

Posted by Praharshith Maurya 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Rajput 6 years, 10 months ago

Deceased partner means a person or a partner who have recently died.

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Pass journal entry : A debtor, sudhir for Rs20000 agreed to pay dissolution expenses which were 19800 in full settlement of his debt.

Posted by Vatsal Dave 6 years, 10 months ago

CBSE > Class 12 > Accountancy

5 answers

Megha Pandey 6 years, 10 months ago

No entry will be passed

0Thank You

Anushka G 6 years, 10 months ago

Sorry it'll be realisation a/c dr. To sudhir's capital a/c

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Prateek Seth 6 years, 10 months ago

No entry

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Anushka G 6 years, 10 months ago

Realisation A/c Dr. 19800 To bank. 19800

1Thank You

Tanisha Garg 6 years, 10 months ago

No entry

1Thank You

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Admission chapter freehold premises adjustment

Posted by Md Mehraj 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Rajput 6 years, 10 months ago

If freehold premises is increase than it will credited in revaluation account (i.e. by side) and if freehold premises is decrease than it will debited in revaluation account (i.e. to side)

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Treatment of proposed divident

Posted by Jyoti Rathore 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Indrajeet Arora 6 years, 10 months ago

Last year proposed dividend is added to determine net profit before tax and extraordinary item and last year proposed dividend is shown as paying it in financing activities. The proposed dividend of current year is shown in notes to accounts as contingent liability

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Xltd invited application 7000@10 each application received for 8000 share on pro-rata basis on application for 3;on allotment for 3;on I and final call balance.pass entries

Posted by Tinku Choudhary 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Hardik Kamboj 6 years, 10 months ago

Easy question you ar very poor i teach u 600 per month for tusion

1Thank You

Mandeep Rao 6 years, 10 months ago

Bank ac dr. To. To share app ac

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If sale of firm is 1200000 . Profit of this year is 200000. Year is 2018 1 july partner died. Sale show growth of 20%

Posted by Ajay Dankher 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Manvi Khaitan 6 years, 10 months ago

1200000×120%=1440000 200000÷1200000=1by6 1440000×1by 6= 240000 240000×3by 12×5by 10= 30000 ans

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While preparing Adjustment table of past adjustments , is gain or loss from P&L appropriation recorded or not ??

Posted by Prableen Kaur 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Seth 6 years, 10 months ago

You can ignore recording profit if it is distributed correctly otherwise if the profit is distributed in wrong ratio it is necessary to debit profits in already distributed ratio

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Proposed dividend

Posted by Arti Kalender 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Mohit Dixit 6 years, 10 months ago

Vhi made hai vhi paid hai new pattern ke hisaab se. ... Adjustment m aaega proposed dividend.... Question m to hm operating m net profit m add kr denge Tatha financial m ghata denge....

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Inventory

Posted by Naveen Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Harsh Singh 6 years, 10 months ago

Inventory or stock is the goods and materials that a business holds for the ultimate goal of resale. Inventory management is a discipline primarily about specifying the shape and placement of stocked goods.

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Mohit Dixit 6 years, 10 months ago

Inventory ka Mtlb hai stock Iska main head hai current assets

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Vanshika Garg 6 years, 10 months ago

Stock

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Journal entry for goodwill?

Posted by Manav Ahuja 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Mohit Dixit 6 years, 10 months ago

Gaining partner capital account Dr To sacrifice partner capital account ( being goodwill adjusted) ..........isko sacrifice ratio m krna hai Sacrifice ratio = old ratio -new ratio

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Vanshika Garg 6 years, 10 months ago

Goodwill .....dr to old partners capital ac

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Amar ram mohan and sohan were partners in a firm

Posted by Anmol Ratan 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Difine locker rent ?

Posted by Krishna Chaudhary 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Harsh Singh 6 years, 10 months ago

Safe Deposit Locker Charges. Locker rates vary based on location of branch and locker sizes. Annual Rent for Lockers have been revised. ... Locker rent is charged annually and rent is payable in advance.

0Thank You

Vanshika Garg 6 years, 10 months ago

Rent paid for acquiring locker facility

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What is the diff b/w proposed dividend and interim dividend What will be there posting in cash flow?

Posted by Rishika Puri 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Hp pencil ltd issued 425000 equity shares of 10/- each payable as to 2.5/- on applicatiob ,2.5/-on allotment, 2.5/- on first call ,2.5/- on second call .Prepare the cash book of the company

Posted by Shikha Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

what journal entry is passed for transfer 20% of profit to general reserve (profut being ₹350000)

Posted by Iliyas Khan 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 6 years, 10 months ago

Profit and loss a/c. Dr. 70000 To general reserve 70000

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Journalise the following transactions 1) kiplerltd redeemed rs 190000,14%debentures of rs 10 each issued at a premium of 25%.

Posted by Raiffel Dias 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 6 years, 10 months ago

1. Statement of profit and loss ac dr. 47500 To. Deb. Red. Reserve. 47500 2. Deb red. Investment a/c. Dr 28500 To. Bank. A/c. 28500. 3. 14% deb. Ac. Dr. 190000 Prem on redemption ac dr. 47500. To deb. holder's. 237500. 4. Bank ac dr. 28500 To deb. Red. Investment. 28500 Deb holder. Ac dr. 237500 To bank. 237500 5. Deb red res. Ac dr 47500 To gen reserve. 47500

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How can find the pro-rata allotment by share capital

Posted by Junu Kbfc 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Bharath Ramurthy 6 years, 10 months ago

Allotted shares * allotment money

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Is interest on drawings out of capital, is charged?

Posted by Deepanshu Batra 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Kiran Makate 6 years, 10 months ago

No... It's the additional capital that they had withdrawn during the year and should be charged on it.

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Dinesh died on 1 july 2018 calculate his share of profit on the basis of actual sales till date of his death. Sales for the year ended on 31march 2018 was 12,00,000 and profit for the same year was 200,000. Sales show a growth trend of 20% and Percentage of profit earnings remain same.

Posted by Khushi Modi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Mayank Garg 6 years, 10 months ago

Firm. Profit will be 240000. Now you have to find out Dinesh profit

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Deepesh Negi 6 years, 10 months ago

30000

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What are non operating expenses

Posted by Bishal Chettri 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Manav Gupta 6 years, 10 months ago

Expense which are not directly connected to the principle revenue producing activity of an enterorise . These are usually not recurring in nature

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Sangeeta Jain 6 years, 10 months ago

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Pls tell the answer of 2011 class 12 accountancy set2

Posted by Aayush Agrawal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Wat is executors account??why is it prepared?when is it prepared?

Posted by Deepthi Harinath 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Jot Randhawa 6 years, 10 months ago

Executors a/c made for the deceased partner and the profit will be transfer to deceased partner's legal heir.it us prepared when any of partner of partnership firm is deceased (died).it is prepared to give the share of deceased partner's profits to his/her legal heir

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Can i get the working notes of ques 17 of lst year ppr?

Posted by Sanjana Pataliya 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Sanjana Pataliya 6 years, 10 months ago

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Prateek Seth 6 years, 10 months ago

Which one? Option 1 or 2?

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What is honorarium?

Posted by Prateek Seth 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 10 months ago

Honorarium comes from the Latin word honorary for “gift.” An honorarium is like a gift of a small amount of money that's paid once for a service. If a doctor or lawyer gives a speech for an organization, they might be given an honorarium.

It is a payment given for professional services that are rendered nominally without charge.

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What is the journal entry of"A commission of 5% allowed to mr. X, a partner, on sale of assets." Sale of assets :50000 Chap: Dissolution of a partnership firm.

Posted by Ritika Mishra 6 years, 10 months ago

CBSE > Class 12 > Accountancy