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Difference between fixed capital and fluctuating capital

Posted by Suhani Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

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What is contingent liability

Posted by Sukhdeep Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Rahul Ostwal 6 years, 10 months ago

Contingent liability is that liability which may become payable depending on a happening in future .....

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Yogita Ingle 6 years, 10 months ago

A contingent liability is a liability that may or may not happen. This means there is uncertainty about recording such a liability in the financial accounts. This is because the happening or not happening of a contingent liability is not in the hands of the future. There are two ways contingent liability can be defined. One method involves a past event and the other one a future event. It is an obligation that may possibly arise from the occurrence or the non-occurrence of a certain future event. The company itself has no control over the said event.

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how to find out iod

Posted by Sameer Ghesani 6 years, 10 months ago

CBSE > Class 12 > Accountancy

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Calculate current ratio and liquid ratio Liquid asset=75000 Inventory=35000 Prepaid expense=10000 Working capital=60000

Posted by Junior Lion 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Singh 6 years, 10 months ago

Current ratio =current assets/current liabilities Current assets=liquid assets+inventory+prepaid expenses Current assets=75000+35000+10000=120000 Current liabilities =current assets-- working capital Current liabilities =120000--60000=60000 current ratio=120000÷60000=2:1 Liquid ratio=liquid assets /current liabilites Liquid ratio=75000÷60000=1.25:1

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What is the treatment of wcr in admission chapter

Posted by Kaurgeous Mandeep 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 6 years, 10 months ago

It will be distributed between the partner.

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Accountnig ratio example 9

Posted by Dilip Vishwakarma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shweta Aggarwal 6 years, 10 months ago

Kon si book m s

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How to calculate capital reserve

Posted by Keerthi Murali 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shweta Aggarwal 6 years, 10 months ago

Difference between Credit balance of forfeited shares while forfeit the shares and debit balance of forfeted shares while reissue of shares

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What is the meaning of interim dividend

Posted by Ankita Kumari 6 years, 10 months ago

CBSE > Class 12 > Accountancy

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What is the treatment of proposed dividend of current year and proposed dividend of previous year???

Posted by Neeru Goyal 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Muskan K 6 years, 10 months ago

Proposed dividend of prev. Year will be shown in financing activity less. And also add in operating activity of prev. Year

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Shweta Aggarwal 6 years, 10 months ago

Proposed dividend of previous year will be shown in financing activity and proposed dividend of current year will be added while calculaton of net profit before tax and extaordinary items

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How to deal if premium for redemption of preference shares is given while preparing cash flow statement

Posted by Kaju Kalu 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Nav Dhillon 6 years, 10 months ago

Then it comes under financing activities as outflow of cash

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Kaju Kalu 6 years, 10 months ago

Please answer quickly

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What the amount is transfer to general reserve of DRR?

Posted by Arpita Pal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Himanshu Sharma 6 years, 10 months ago

If there is no information is given in question about DRR....then it is compulsory to transfer 25% in DRR

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Kusum Jain 6 years, 10 months ago

Minimum of 25%

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Guess how too get 40 marks only in accountancy easily in 12 board

Posted by Sahil Shekhawat 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Mayank Tripathi 6 years, 10 months ago

For eco you have to solve all the sample paper Business no idea but when you have cofidence in business you get better marks

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Sahil Shekhawat 6 years, 10 months ago

And economic and business also tell me how to get 50 marks

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Mayank Tripathi 6 years, 10 months ago

Prepare the book of partnership

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Maurya issued 50000 shares @ 10 each 20% premium payable as follows 4 application 3 allotment ( including premium) Balance on call Application received 120000 pro rata allotmemt was made. Akash a shareholder who applied for 2880 paid only application money and his share forfeited and reissued at 20 % discount.

Posted by Akash Gupta 6 years, 10 months ago

CBSE > Class 12 > Accountancy

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Ram was good in making design.he started making designer garments.he baught a sewing machine for rs 50000,spent rs 200000 on its renewal and purchased fabric for rs500000 .find out net cash flow from investing and operating activites and identify the account involved.

Posted by Rishi Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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What is meant by a database report?

Posted by Jaspreet Kaur 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Please Confirm me that in cash flow statement chapter their is a point Proposed dividend changes this year

Posted by Vipin Education And Fun 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Ashika Gupta 6 years, 10 months ago

Proposed dividend for current year is added in net profit and extraordinary item And previous year amount is deducted from financial activities

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Calculate opening TR and closing TR cost of revenue from operation 800000 TR turnover ratio 5 times GP20% Closing TR 70000 more the begning cash sales 1/4 of credit sales.

Posted by Junior Lion 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Cash book undercast by rs.250

Posted by Manshita Sharma 6 years, 10 months ago

CBSE > Class 12 > Accountancy

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Rahul started business with Rs 3000000 which he arrange by getting a loan of rupees 20 lakh from his father and Rs 10 lakh from a bank at the rate 12% per annum he bought machines for Rs 1500000 raw materials for Rs 780000 and paid rent of 12000 during the year

Posted by Nishita Jain 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Is there any importance of comparative statement and common size statements

Posted by Pushpak Patel 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 6 years, 10 months ago

Yes because in boards 4 marks qus. Will straight away from.comperative and common size balance sheet

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Second part chapter 1 ncert numerical qus..

Posted by Harsh Mishra 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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commercial bill or treasurey bill kiska part hai

Posted by Jolly Chabra 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Tanisha Garg 6 years, 10 months ago

Commercial bill like bill payables is part of current liabilities ( trade payables).

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Prachi Singh 6 years, 10 months ago

These are cash and cash equivalents

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accounting treatment of redemption of debenture on discount

Posted by Jolly Chabra 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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Window dressing

Posted by Anjali Arora 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 10 months ago

Window dressing is actions taken to improve the appearance of a company's financial statements. Window dressing is particularly common when a business has a large number of shareholders, so that management can give the appearance of a well-run company to investors who probably do not have much day-to-day contact with the business. It may also be used when a company wants to impress a lender in order to qualify for a loan. If a business is closely held, the owners are usually better informed about company results, so there is no reason for anyone to apply window dressing to the financial statements.

Examples of window dressing are:

Cash. Postpone paying suppliers, so that the period-end cash balance appears higher than it should be.

Accounts receivable. Record an unusually low bad debt expense, so that the accounts receivable (and therefore the current ratio) figure looks better than is really the case.

Fixed assets. Sell off those fixed assets with large amounts of accumulated depreciation associated with them, so the net book value of the remaining assets appears to indicate a relatively new cluster of assets.

Revenue. Offer customers an early shipment discount, thereby accelerating revenues from a future period into the current period.

Depreciation. Switch from accelerated depreciation to straight-line depreciation in order to reduce the amount of depreciation charged to expense in the current period. The mid-month convention can also be used to further delay expense recognition.

Expenses. Withhold supplier invoices, so that they are recorded in a later period.

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Major heads and sub heads

Posted by Anjali Arora 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Indrajeet Arora 6 years, 10 months ago

See your ncert book

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If credit sales are . 12,00,000 and cash sales are 20 % of Total Sales find out cash flows from cash sales from operating activities.

Posted by Harsh Agrawal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Hardik Saxena 6 years, 10 months ago

Please clearify your question. In cash sales is 20/100*total sales. It means credit sales is 80/100(total sales) It can be solved : Total sales=1200000*100/80 =1500000

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Ncrt sum solution of 90

Posted by Gopal Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy