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

If a company issues lets,say 100 shares but receives applications for 200 shares, then the company can do 2 things...1. Reject 100 and allot 100 or 2. Allot for all 200 shares in part using 100 shares....if you applied for 10 shares you will get 5....this in part allotment is called pro-rata allotment

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An item which is not transferred to the debit side of realisation account but brings certain amount of cash at the time of dissolution.

Posted by Dhruv Goel 6 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Dhruv Goel 6 years, 10 months ago

But if it is taken by a partner

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Prateek Seth 6 years, 10 months ago

Unrecorded assets

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Tanisha Garg 6 years, 10 months ago

Unrecorded asset

1Thank You

Tanisha Garg 6 years, 10 months ago

Unrecorded asses

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How to calculate pro rata

Posted by Shrijana Subba 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shridhan Khirwal 6 years, 10 months ago

you just have to calculate the excess amount of applications received in application money then you have to substract that money from allotment for ex- suppose x limited invited application for 10,000 shares@10each and received 15,000 applications and the shares were alloted in pro-rata basis Application money 3 Allotment money. 3 First call. 2 final call. 2 In the above situation you can see 5000 excess applications are received the excess amount collected 5000×3 = rupess 15,000 bank 45,000 to share application 45,000 share application. 45,000 to share capital 30,000 to share allotment. 15,000 share allotment 30,000 to share capital. 30,000 bank 15,000 to share allotment 15,000 rest journal entries will be same as we do here you can clearly see that how the pro rata allotment take place

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From the following information calculate advance subscription as on 31st March 2018... 1. A club has 39 members each paying an annual subsrciption of rs600. 2. Subscription received during the year rs30000. 3 . Subscription received in advance as at 31st March, 2017 rs6000 4. Subscription outstanding as at 31st March 2018 rs5400 5. Subscription outstanding as at 31st March 2017 rs10800 6. Subscrption of rs4200 are still in arrears for the year 2016-17.

Posted by Gangesh Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Suraj Kumar 4 years, 6 months ago

8Thank You

Krishna Chaudhary 6 years, 10 months ago

7200

5Thank You

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2018edition ts grewal sample paper ,sample no 9 question no 22 page no. M.172

Posted by Krishna Chaudhary 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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if assets and liabilities are not given in the balance sheet and we have to prepare a memorandum balance sheet then what will the balance occurring on asset side be called??

Posted by Priya Jindal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Ayush Bafna 6 years, 10 months ago

sundry Assests

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Prateek Seth 6 years, 10 months ago

Fixed assets

1Thank You

ANSWER

How to check that NPO surplus is correct and for capital fund is correct

Posted by Chayan Maloo 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Seth 6 years, 10 months ago

I don't there is any methoed to do so... Keep practicing... That's all you can do.. Try to get perfection in it... Make it correct

3Thank You

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Any trick to do NPO alway correct

Posted by Chayan Maloo 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Seth 6 years, 10 months ago

No trick... Just practice... Try doing diffrent tyoes of questions... Especially subscription,cost of consumable goods...

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Why purchases of bar in npo shown in inco.e and expenditure side

Posted by Sher Singh Dasila 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Can anyboady teach me accounting for share capital please?

Posted by Mahesh Gowda 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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a new partner is admitted with 100000Rs. as a capital and 20000Rs. as goodwill. And there is a bank overdraft of 150000Rs. what will be the balance of bank overdraft in new balance sheet??? Will new partner's capital and goodwill be adjusted with bank overdraft???

Posted by Priya Jindal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Prateek Seth 6 years, 10 months ago

Bank over draft will reduce to ₹30000(150000-120000) same as told by him

2Thank You

Rajbeer Singh 6 years, 10 months ago

yes, new partner's capital and goodwill adjusted in bank account

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How does the calculate interest on loan ? Such as Ram gave loan Rs.20000 to shyam in 6% per annum, And shyam paid the loan in 6 month only , lets tell you how many interest paid by shyam and how did you calculated please tell , step by step , thanks

Posted by Jitendra Kumar Rathiya 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Divya Dd 6 years, 10 months ago

Intrest on Ram's loan = 6/100 × 20000 × 6/12 = 600

1Thank You

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2018 edition sample paper ts grewal sample paper no 11 question no 12&13

Posted by Krishna Chaudhary 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Seth 6 years, 10 months ago

(Ans. 12) You are required to make an adjustment table.. First credit interest on capitals then debit interest on drawings calculate firm's profit or loss then distribute it equally... Show the net effect in journal.. (Ans 13) A. Journal about revaluation only... Distribute revaluation's profit/loss in old ratio. B. C's share 1/5... Remaining share =4/5.. Total capital of the firm =( 60,000 + 40000) ✖ 5/4=₹1,25,000. C's capital =125000 ✖ 1/5=25000 C. Revaluation profit =8000..distribute it among partners in old ratio... Pass journal... Revalueation dr. 8000 To x. 4000 To y. 2400 To z 1600

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what will be the treatment of investment fluctuation reserve at the time of dissolution of partnership when investments are not given in the balance sheet ?

Posted by Priya Jindal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Krishna Chaudhary 6 years, 10 months ago

In realisation account investment fluctuation reserve is transfer only credit side but not realise in cash

0Thank You

Dev Patel 6 years, 10 months ago

Write off among partners

1Thank You

Savita Sahu 6 years, 10 months ago

Write off among partners

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How to calculate profit in case of death of existing partner on the basis of sales..????....

Posted by Sakshi Jain 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Seth 6 years, 10 months ago

U can do it by finding the ratio or %. First find profit to sales ratio i.e,profit / sales.. Now consider the sales and find out profit using this.. And then ✖ it with deceased partner's share

2Thank You

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What is the eassy method to calculate new profit sharing ratio..???? And how can i check that my answer is correct...???

Posted by Sakshi Jain 6 years, 10 months ago

CBSE > Class 12 > Accountancy