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    • Posted by Ishika Singla 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Gangesh Sharma 6 years, 10 months ago

    78000-12000+18000+24000-12000= 96000

    0Thank You

    Anjali Parsad 6 years, 10 months ago

    -78000+12000-18000-24000+12000= 96000

    0Thank You

    Aman Nagar 6 years, 10 months ago

    60,000₹

    2Thank You

    ANSWER

    • Posted by Deepak Rawat 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Deepak Rawat 6 years, 10 months ago

    It is not given

    0Thank You

    Hjkjf Gfhdsc 6 years, 10 months ago

    Incomplete information bro With how much share of profit Mahesh was admitted?

    1Thank You

    ANSWER
    lotus ltd .was resgistered with nominal capital of ₹ 6 00000 in equity shares of ₹ 10 each . it issued 40000 share of ₹ 10 each as fully paid to the public at a premium of ₹ 2 per share payables as : ₹ 3 on application , ₹ 5 on allotment ( including ₹ 2 premium ) the balance in two equal installments of ₹ 2 each . application were received for 60000 shares and allotment was made as follows :a) applications for 10000 shares were rejected and application money were refunded . b) applicants for another 10000 shares were accepted in full . c) alloted 30000 shares to the remaining applicants on pro rata basis money overpaid on application was employed on account of sums due on allotment . pooja ,a holder of 600 shares ,belonging to category (c) failed to pay the allotment and first call and immediately after first call ,company forfeited her shares . seema ,who applied 300 shares , belonging to category (b) failed to pay two calls and company forfeited , her share after the final call . of the shares forfeited ,500shares ( including all of seema ) were reissued to meenu @ ₹ 12 per share as fully paid up pass necessary journal entries for the above transaction in the books of the company

    • Posted by Nand Kishor 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Nand Kishor 6 years, 10 months ago

    lotus ltd .was resgistered with nominal capital of ₹ 6 00000 in equity shares of ₹ 10 each . it issued 40000 share of ₹ 10 each as fully paid to the public at a premium of ₹ 2 per share payables as : ₹ 3 on application , ₹ 5 on allotment ( including ₹ 2 premium ) the balance in two equal installments of ₹ 2 each . application were received for 60000 shares and allotment was made as follows :a) applications for 10000 shares were rejected and application money were refunded . b) applicants for another 10000 shares were accepted in full . c) alloted 30000 shares to the remaining applicants on pro rata basis money overpaid on application was employed on account of sums due on allotment . pooja ,a holder of 600 shares ,belonging to category (c) failed to pay the allotment and first call and immediately after first call ,company forfeited her shares . seema ,who applied 300 shares , belonging to category (b) failed to pay two calls and company forfeited , her share after the final call . of the shares forfeited ,500shares ( including all of seema ) were reissued to meenu @ ₹ 12 per share as fully paid up pass necessary journal entries for the above transaction in the books of the company

    0Thank You

    ANSWER
    10 Years Question Bank | CBSE Guide | CBSE Syllabus | Indian Tutors | Teacher' Jobs CBSE eBooks | Schools | Alumni | CBSE Results | CBSE Datesheet | CBSE News Receipts and Payments Account For the year ended 31st December, 2018 Receipts Amount Payments Amount To Balance b/d 10,000 By Salaries 18,000 To Subscription By Purchase of Sports material 8,000 2017 4,000 By General Expenses 4,000 2018 62,000 By Rent 12,000 2019 7,000 By Electricity 3,000 To Sale of old Furniture (` 3000) 5,000 By Postage 1,000 To Rent of hall received 3,500 By Office Expenses 15,000 To Profit from entertainment 1,000 By Furniture 10,000 To Donation for Building 5,000 By Balance c/d 27,000 To Sale of news papers 500 98,000 98,000 Additional Information: a) Club has 500 members each paying annual subscriptions of ` 150. Subscriptions outstanding on 31st December 2017 were ` 6,000 b) On 31st December 2017 club owned Furniture ` 30,000 and Sports material ` 20,000. c) Furniture was sold on 1st January 2018 and while the new purchase was made on 01 July 2018 and it is subject to be depreciated @ 10 % p.a. d) Rent has been paid uniformly througout the year and has been paid only for 8 months. Prepare Income and Expenditure Account.

    • Posted by Prathibha M 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Sushil Chauhan 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Sourabh Yadav 6 years, 10 months ago

    If you want to prepare then you first prrpare appropriation A/c ?

    3Thank You

    ANSWER

    • Posted by Ayush Sharma 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Manav Gupta 6 years, 10 months ago

    Share issue expenses are added in OA under the name non operatung expense and deducted from financing activity

    3Thank You

    ANSWER

    • Posted by Shubham Singh 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Mohd. Hamza 6 years, 10 months ago

    Arrears of previous year are shown in previous year balance sheet and arrears of current year are shown in the current year balance sheet

    1Thank You

    Shweta Aggarwal 6 years, 10 months ago

    Arrears of current year is added and of previous year is deducted

    1Thank You

    ANSWER

    • Posted by Roop Singh 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Jatin Negi 6 years, 10 months ago

    easy most probably forfeiture because of non payment of allotment money if the allotment carry security premium reaerve then it will be debited or first of all you have find applied and alloted shares of shareholder

    1Thank You

    ANSWER

    • Posted by Manav Gupta 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Mohd. Hamza 6 years, 10 months ago

    Tds payable is deducted from operating activity.

    0Thank You

    Manav Gupta 6 years, 10 months ago

    Can you please elaborate

    0Thank You

    Rahul Soni 6 years, 10 months ago

    Tds payable is shown as operating activity

    0Thank You

    ANSWER

    • Posted by Manav Gupta 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Mohd. Hamza 6 years, 10 months ago

    No both are same

    0Thank You

    ANSWER

    • Posted by . Jain 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Pranit Gajmer 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Manav Gupta 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Saloni Osari 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Manav Gupta 6 years, 10 months ago

    When allotment is made in a certain proportion and entire applied shares are not alloted it is called partial or pro rata allotment

    2Thank You

    ANSWER

    • Posted by Saima Mumtaz 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Yogita Ingle 6 years, 10 months ago

    <th>Basis for Comparison</th> <th>Revaluation Account</th> <th>Realisation Account</th>
    Meaning Revaluation account is an account prepared to ascertain the variation in the values of the assets and liabilities of the firm. Realisation account is an account prepared to ascertain the net profit or loss on the sale of assets or discharge of liabilities.
    Comprise of Only those assets and liabilities which are revalued. All the assets and liabilities.
    Preparation At the time of reconstitution. At the time of dissolution.
    How many times it can be prepared? It can be prepared at various events during the life of the firm. It can be prepared only once, i.e. when the firm is dissolved.
    Accounting entries Based on the difference in the book value and the revalued amount of assets and liabilities. Based on the book value of assets and liabilities.
    Remaining balance Transferred to the capital account of old partners. Transferred to the capital account of all partners.

    2Thank You

    ANSWER

    • Posted by Bhumika Swami 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Parichay Story 6 years, 10 months ago

    R.f.o. =cost of r.f.o +g.p. 292500 = x +30x/100 292500 =130x/100 292500*100/130 =x 225000= x(cost of r.f.o) ITR = COST OF RFO / AVG. INVENTORY 5 = 225000/y Y = 45000 AVERAGE INVENTORY = (OPEN. + CLOSING.)/2 45000 ={ x+(x+40000)}/2 90000 = 2x+ 40000 2x= 50000 X= 25000 Opening = 25000 Closing =25000+40000 = 65000

    0Thank You

    ANSWER

    • Posted by Prateek Seth 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Parichay Story 6 years, 10 months ago

    Past years profit/past years sale*100= profit% Profit % *curr year sale / 100 = n.p of surviving period N.p. of surviving period * his share = amount shown to p/l suspense a/c.

    1Thank You

    ANSWER

    • Posted by Sanu Kumar 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Parichay Story 6 years, 10 months ago

    Old g/w & adv. Suspense & dr. Balance of p&l will debited to old partners in old ratio. G.r & i.f.f & p&l etc will be credited in old ratio. New g/w will be shared among old partners in sacrifycing ratio

    0Thank You

    Sanu Kumar 6 years, 10 months ago

    Old ratio

    0Thank You

    ANSWER

    • Posted by Aanchal Gajwani 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Anjali Parsad 6 years, 10 months ago

    1 question of profit and loss appropriation 2 partner capital account 3 past adjustments 4 guarantee of profit These are main topic of 1 ch

    0Thank You

    ANSWER

    • Posted by Dhruv Goel 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Dhruv Goel 6 years, 10 months ago

    Dividend*

    0Thank You

    Dhruv Goel 6 years, 10 months ago

    No. Divest paid is always a financing activity

    0Thank You

    ANSWER

    • Posted by Sudhanshu Sharma 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Savita Sahu 6 years, 10 months ago

    Now there is a limited time, so must go through the past year paper. Try to solve them if not then see the solution and then again try similar question and other paper too...you need to do aleast one paper daily

    1Thank You

    Salma Begum Choudhury 6 years, 10 months ago

    Firt try to learn the basic things like interest on capital, its jornal etc...then go through the illustration i.e examples question which can be same as the practice question ...and slove it as many time as u can ....read the question many time if u didn't understand it..

    0Thank You

    ANSWER

    • Posted by Deepthi Harinath 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Parichay Story 6 years, 10 months ago

    Before incorporation all the exp. Are known as preliminary It includes : Cost of raising funds from equity debts etc Promoters comm. Underwritters comm. Etc

    1Thank You

    Avni Gupta 6 years, 10 months ago

    Preliminary expenses are those expenses which occur when a company issue shares to the public

    1Thank You

    ANSWER

    • Posted by Jabir Mhd 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Parichay Story 6 years, 10 months ago

    Revaluation a/c is prepared to revalue all the assets and liabilities of the firm at the time of reconstitution of partnership firm in order so that no partner is on advantageous or disadvantageous side.

    0Thank You

    Savita Sahu 6 years, 10 months ago

    Actually it is revaluation a/c

    0Thank You

    ANSWER

    • Posted by Jaspreet Singh 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Pratishtha Omar 6 years, 10 months ago

    Net profit for the year (closing - opening) Add: provision for tax (current year) Interim dividend (note) General reserve (closing - opening) Proposed dividend (previous year) Extraordinary items such as losses (loss on fire) Extraordinary items such as profit (refund of tax). Net profit before tax and extraordinary items

    2Thank You

    Shweta Aggarwal 6 years, 10 months ago

    Net profit as per tatement of profit and loss(closing surplus-opening surplus) Add:proposed dividend (current year) Prvision for tax (current year) Extraordinary losses such as loss on fire Less:extraordinary prfit such as insurance claim received Refund of tax

    1Thank You

    ANSWER

    • Posted by Cbse Student 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Parichay Story 6 years, 10 months ago

    For any further

    1Thank You

    Parichay Story 6 years, 10 months ago

    74000 rs Op. Deb. + net sales - closing deb. = cash received

    1Thank You

    Cbse Student 6 years, 10 months ago

    Plzz answer me fast .....

    0Thank You

    ANSWER

    • Posted by Abhi Arya 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by S. N Shukla 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Avni Gupta 6 years, 10 months ago

    In admission if g/w is given in the balance sheet then it is written off in old ratio b/w old partners and the new g/w is distributed b/w the sacrificing partners in the sacrifice ratio..

    1Thank You

    ANSWER

    • Posted by Shruti Laddha 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 1 answers

    Tanisha Garg 6 years, 10 months ago

    If investments on assets side are not given then it will be distributed among the partners

    2Thank You

    ANSWER

    • Posted by Shaan Saini 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
    ANSWER

    • Posted by Saksham Khera 6 years, 10 months ago

    CBSE > Class 12 > Accountancy
    • 3 answers

    Avni Gupta 6 years, 10 months ago

    No

    0Thank You

    Priyansh Saini 6 years, 10 months ago

    Ha bhai....

    0Thank You

    Abhishek Kumar 6 years, 10 months ago

    No it's not in a syllabus

    0Thank You

    ANSWER

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