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

Combined capital = 90000+60000= 150000 Let total share =1 Remaing share = 1-2\7 =5\7 Total capital of the firm = 150000*7\5 =210000 Z ' s capital = 210000 * 2\7 = 60000

1Thank You

Savita Sahu 6 years, 10 months ago

(90,000+60,000)*7/5=2,10,000 total capital of firm 2,10,000*2/7=60,000 capital share of z

2Thank You

ANSWER

rajeev and sanjeev are partners sharing profit in the ratio 3:2. they admit renu into partnership, renu is paying only Rs.30,000 for premium out of her share ofRs. 50,000 for 1/4 share. goodwill a/c appears in book at Rs. 60,000 pass the necesarry entry for the treatment of goodwill.

Posted by Pretty Girl 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Hitesh Kumar 6 years, 10 months ago

Bank A/C Dr 30000 To premium for goodwillA/C 30000 Premium for goodwill A/C Dr 30000 Renu's current A/C Dr 20000 To rajeev&sanjeev's cap A/C 50000

7Thank You

Hitesh Kumar 6 years, 10 months ago

Rajeev& sanjeevA/C Dr(old ratio) Rs 60000 To goodwillA/C Rs 60000

2Thank You

ANSWER

What is profit

Posted by Amit Yadav 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Hitesh Kumar 6 years, 10 months ago

Profit is scuess surplus

0Thank You

Siddhant Pandey 6 years, 10 months ago

Profit is the surplus amount earned by a business over its investment.

0Thank You

ANSWER

in the year ended 31st march 2018 the subscription received by the jaipur literary society were rs 420000 these subscription include 14000 received for the year ended 31st 2017 .on 31st march 2018 subscription due but not received were 10000 what amount should be credited to income and expenditure account for the year ended 31st march 2018 as subscription

Posted by Susheel Samant 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Tanisha Garg 6 years, 10 months ago

420000-14000+10000= 416000

0Thank You

ANSWER

x,y and z were partners in a firm sharing profits and losses in the ratio of 5:3:2. Due to difference of opinion, they decided to dissolve the partnership with effect from 1st april, 2018, on which date the firm's balance sheet was as follows

Posted by Gayathri Devi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is vesting period and vesting date?

Posted by Garima Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Jb investment fluctuations fund increase hota h to increase wali value ko distribute krte h ya pehle wali ???

Posted by Aisha Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Hitesh Kumar 6 years, 10 months ago

May be pehle wali

0Thank You

Pretty Girl 6 years, 10 months ago

increased wali ko

0Thank You

ANSWER

Not for profit organisation

Posted by Shivangi Kesharwani 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Siddhant Pandey 6 years, 10 months ago

NPOs are the organisation's which operate with the main motive of rendering services and not to earn profit.

0Thank You

ANSWER

What is fund base accounting

Posted by Bhavesh Bohra 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Siddhant Pandey 6 years, 10 months ago

Fund base accounting is the accounting in which a special account is opened for a specific cause and all the expenses and incomes related to that cause is treated from the same account.

0Thank You

ANSWER

X &Y are partner in partnership share profit and losses in the ratio 3:1 .They admit Z 1/3share of the profits.the partners decide that the new firm will engage a person to keep area around the business premises neat.From the following journal entries calulatrle the new profit sharing ratio and identify the vakued practiced

Posted by Rahul Jat 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Shweta Aggarwal 6 years, 10 months ago

Remaining share =1-1/3=2/3 Now, Xs new share=2/3*3/4=6/24 And Ys new share=2/3*1/3=2/9

0Thank You

Shweta Aggarwal 6 years, 10 months ago

Let total share of the firm be 1 Share of Z =1/3

0Thank You

ANSWER

What is meant by reserve capital?

Posted by Bharti Aggarwal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 6 years, 10 months ago

If is an uncalled amount of shares and called at the time of winding up.

0Thank You

ANSWER

What is buy back of shares?

Posted by Satyam Kumar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 6 years, 10 months ago

When company buys their own equity shares from the public back so it called buy back of equity shares.

0Thank You

ANSWER

Anybody please help me i dont know the way to learn accountancy give me some methods and tricks to learn accountancy

Posted by Ananthu Ak 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Hitesh Kumar 6 years, 10 months ago

May trick according what you wants and some funny forms

1Thank You

Tanisha Garg 6 years, 10 months ago

Understand it do not do craming

1Thank You

ANSWER

What does "the capital amount of the old partners will be in the proportion of new partners capital to his share in the business ie actual cash to be paid off or brought in by the old partners by cheque as case may be"...mean?

Posted by Delphine Maria 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Tanisha Garg 6 years, 10 months ago

On basis of new partners capital method is used

0Thank You

ANSWER

Plz tell me yl how to manage tym during accounts exam bcz i was not able to complete my paper yl

Posted by Pallavi Garg 6 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Pallavi Garg 6 years, 10 months ago

Thanks anshika?

0Thank You

Honey 8 6 years, 10 months ago

I do the part 2 of the account paper first and then head towards part 1. Do the questions as soon as possible and in end i have time for one big partnership sum and the shares around 30 mins.

1Thank You

Anshika Sundrani 6 years, 10 months ago

According to me as i was able to complete my preboard exams on time 1. You should attempt the second part in first 45 min. 2. Start the first part from question from shares it should not take more than 15-20 min. And continue from back itself. 3. If you are facing the problem in getting your b/s equal do not stop there leave it for the end (as you will not loose much marks on your ans.) 4. Most importantly be calm while doing calculations otherwise you would end up with silly mistakes. 5. Solve sample papers using stop watch and count how much time do you require for a question and try to reduce it next time. All the best :)

2Thank You

Tanisha Garg 6 years, 10 months ago

Same here

0Thank You

ANSWER

How to make Company Balance Sheet

Posted by Biru Pathak 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the present adjustment for proposed dividend in cash flow statement... Plz help sombody says taking current year balance in operating activities and somebody sayz previous year balabce in operating activity

Posted by Sachin Kumar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Sachin Kumar 6 years, 10 months ago

But according to my CA sir latest adjustments for proposed divided is- previous year balance is added in net profit before tax and extraordinary items as well as it should be deducted from financings activity

0Thank You

Pallavi Garg 6 years, 10 months ago

Current year balance is to be added in operating activity nd previous year balance is to be substracted from financing activity

1Thank You

Garima Singh 6 years, 10 months ago

The previous year balance will be added in net profit before tax and extraordinary items in working notes and current year balance will deducted in financing activity

1Thank You

ANSWER

Who to find hidden goodwill

Posted by Ajay Khandelwal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 6 years, 10 months ago

Goodwill = capital on the basis of new partner - acrual capital of all the partners

1Thank You

ANSWER

Bank overdraft is closed in realisation account or not?

Posted by Khushi Jain 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Tanisha Garg 6 years, 10 months ago

Bank overdraft is to be written on credit side and then paid off

1Thank You

ANSWER

What is full form of DRR and DRI?

Posted by Aman Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 6 years, 10 months ago

DRR- debenture refemption reserve DRI- debenture redemption investment

1Thank You

ANSWER

a firm maintain partner's capital account under fixed capital method. the accountant of the firm has credited interest on capial and salaries to partner's capital account.do you agree with the treatment?give reasons

Posted by Nishtha Kain 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 6 years, 10 months ago

No because in fixed method two accounts are prepared i.e.capital and current account and all the adjustment takea place in current account

0Thank You

ANSWER

Case flow statement

Posted by Alok Agrawal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Siddhant Pandey 6 years, 10 months ago

Cash flow statement is the statement in which all the inflows & outflows of Operating, Investing & Financing activities are shown.

0Thank You

ANSWER

Z Limited is a company which carries on business of Financing funds to the borrowers. following is information from the books of accounts of z Ltd. interest on loans 500000 dividend 90000 gain on sale of furniture 55000 miscellaneous income to 15000 from the above information compute revenue from operations other income and total revenue for z Limited

Posted by Anisha Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Vibhorr Gupta 6 years, 10 months ago

Revenue from other income = dividend received + gain on sale of asset + miscellaneous income And Total revenue= revenue from other income . Revenue is the amount received by firm from its operations

0Thank You

ANSWER

E ltd alloted 10,000 shares to the applicant of 14,000 shares on pro rata basis. The amt payable on application was 2 . F applied for 420 shares .what will be thd alloted shares and amt carried forward for adjustment against allotment money due from f

Posted by Prerna Goyal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Vibhorr Gupta 6 years, 10 months ago

300 (10000÷14000×420) alloted share. Amt adjusted = 240( 840-600)

1Thank You

ANSWER

What are you mean by horizontal analysis

Posted by Sahil Shukla 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 10 months ago

Horizontal analysis is used in financial statement analysis to compare historical data, such as ratios, or line items, over a number of accounting periods. Horizontal analysis can either use absolute comparisons or percentage comparisons, where the numbers in each succeeding period are expressed as a percentage of the amount in the baseline year, with the baseline amount being listed as 100%. This is also known as base-year analysis.

0Thank You

ANSWER

Goodwill in books=60000, Goodwill of firm=90000 change in profit sharing ratio from 2:3 to 3:2 retain the books of goodwill pass single adjustment entry.

Posted by Riya Jain 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Tanisha Garg 6 years, 10 months ago

A= 2/5-3/5= 1/5 (gain) B= 3/5-2/5 =1/5 (sacrifice)

0Thank You

Prerna Goyal 6 years, 10 months ago

90000-60000=30000 and divided into into gaining ratio which is 1/5 &1/5

1Thank You

ANSWER

are there chances of getting a question pertaining to preparation of memorandum balance sheet in admission chapter???

Posted by Devika Rajesh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Pallavi Garg 6 years, 10 months ago

Only 1% chance is there

1Thank You

ANSWER

Effect of miscellaneous expenditure in cash flow statement ,when it is shown in balance sheet

Posted by Shilpa Kathor 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

I really want help. In admission, my concept is clear and I have practice many questions then also in exam my balance sheet doesnot match. Suggest me

Posted by Akanksha Priya 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Aman Singh 6 years, 10 months ago

Same as above, she is right...!

0Thank You

Prerna Goyal 6 years, 10 months ago

Just focus on your concepts don't run behind the answers , if u did each and everything correctly and your balancesheet dont tally only half marks will deduct

1Thank You

ANSWER

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