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Difference between new profit sharing ratio and sacrificing ratio?

Posted by Ashmita Mishra 6 years, 10 months ago

1 answers

Roma Yadav 6 years, 10 months ago

The ratio at which partners are agreed to share their profit and loss in future is known as New profit sharing ratio. The ratio which is sacrifice by a partner for other partner is known as sacrificing ratio.

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I am not able to understand subscription Ac & calculations of subscription please explain me kindly

Posted by Mahima Goel 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Mahima Goel 6 years, 10 months ago

But yrr knowledge to honi chahiye i can't understand npo well

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Tanisha Garg 6 years, 10 months ago

Subscription account is not required use direct formula

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What is dormant company

Posted by Manik Vij 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 10 months ago

A dormant company is an excellent opportunity to start a company for a future project or hold an asset/intellectual property without having significant accounting transactions . A dormant company is one that has been registered with Companies House but is not carrying on any kind of business activity or receiving any form of income. Therefore, HMRC considers it dormant (or inactive) for corporation tax purposes. It can be dormant from the date of its incorporation, or it can become dormant after a period of activity.

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Tax can be shown in operating, investing, financing activity.when? Asked in practical

Posted by Aakash Vats 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Roma Yadav 6 years, 10 months ago

Income tax will only shown in operating activity.... If addtional information regarding tax is not given then closing tax will be added in net profit before tax and extraordinary item and opening will be deducted from cash generated from operating activity .. Hope answer will help you

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Anyone knows what types of question should asked in practical

Posted by Apekshit Srivastava 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Suvetha Dhanasekar 6 years, 10 months ago

Basic accounting definitions for journal, ledger, trial balance..... Why suspense account is created? Ratios formulas... Why non cash items are detected in operating activities?

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Shivam Nigam 6 years, 10 months ago

What is section 48 of partnership act

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Dev Narula 6 years, 10 months ago

Commonly these questions are asked in accountancy practical........ What are the types of partneship Treatment of goodwill in dissolution of firm

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Current investment = 40000 Inventories. = 5000 Trade recivable. = 2000 Short term borrowing = 20000 Trade payble. = 2500 Short term provison = 3000 Other current liabilities = 5000 Short term loan and advances = 4000 Tangible assets = 100000 Cash and cash equivalents = 10000

Posted by Pragya Vaishnav 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Tanisha Garg 6 years, 10 months ago

Current assets = 40000+5000+2000+4000+10000= 61000 Current liabilities= 20000+ 2500+5000+3000=30500 Current ratio = 61000/30500= 2:1 Quick assets = 61000- 5000= 56000 Quick ratio = 56000/30500=1.83/1

3Thank You

Pragya Vaishnav 6 years, 10 months ago

Find cr and qr

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The balance sheet of cancel Limited as on 31st March 2016 and 31st March 2017 prepare cash flow

Posted by Pramod Yadav 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Neha Kumari 6 years, 10 months ago

2017

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I have given my practical for financial statement but i wanted to give exam on computerised accounting ..so' can i do this??

Posted by Ansari Irshad 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Nav Dhillon 6 years, 10 months ago

Hve u gave practical of bst on principle ....... Wat ques. They asked u...

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Nav Dhillon 6 years, 10 months ago

No u cant..

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If the partners has capital in debit balance.then will he allowed for interest on capital

Posted by Shivam Nigam 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Tanisha Garg 6 years, 10 months ago

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Shweta Aggarwal 6 years, 10 months ago

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What is the treatment of still in arrear subscription in NPO

Posted by Shivam Nigam 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Shivam Nigam 6 years, 10 months ago

I mean to say treatment of still in arrear subscription in income and expenditure account

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Roma Yadav 6 years, 10 months ago

If subcription arrear is of current year ...then the subscription is asset for firm so it is shown on asset side of balance sheet

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Shweta Aggarwal 6 years, 10 months ago

It is shown as assets side of balance sheet

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ANSWER

A, B, C are in partnership sharing profit nd losses in the ratio 2:1:1. Capital on 1 april 2008 was A- 20000 B- 15000 C- 10000 . Drawings were A-6000 B-4000 C-4000. Life insurance premium 1oct2008 was 2000 . Life insurance of A has been paid by the firm nd had been charged to general expense A/c . Partners are allowed 8% pa. Interest on capital nd 10% on drawing . Profit for the year ending 31march 2009 was amounted to 20800 . While calculating profits , depreciation at the rate of 20% pa. Has been omitted on building of value of 20000 . Prepare profit nd loss account and partners capital account for the year.

Posted by Harshita Aggarwal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What to do when insurance rs 3000 is paid upto 31mar. 17 but year end on 31dec16 in NPO

Posted by Manik Vij 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Pragati Aggarwal 6 years, 10 months ago

In this situation, the premium is paid up from middle of the year to middle of the year . So there were prepaid of rs.750 is for year 2017and it will be shown at assets side of closing balance sheet. But same amount was also appearing in as prepaid in opening balance sheet because premium is always paid for a year. Thus prepaid expenses rs. 750 will apper in both balance sheets and rs. 3000 (3000-750+750) will appear in expenditures.

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Finding difficulty in npo kou plz help krdo olzzzz

Posted by Saksham Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

6 answers

Riya Jain 6 years, 10 months ago

Hopeit will help you

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Riya Jain 6 years, 10 months ago

And do question on yourself prospective as a organization, If you think it is liablity to you then put in left side and if you think it is good for me then put it right side of b.s.

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Riya Jain 6 years, 10 months ago

You just have to keep in mind a single thing that whatever you put in income and expenditure ac is of only current year if there is outstanding then add and advance subtract...

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Saksham Singh 6 years, 10 months ago

Almost full chapter i can do 3 marks questions but 6 marks questions its very difficult for me i have completed every single things in accounts accept this chpter plsz helpp

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Mahima Goel 6 years, 10 months ago

Subscription Ac

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Riya Jain 6 years, 10 months ago

What kind of problem ??? Any topic or full chapter...

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Different between stock and inventory

Posted by Akash Kumarakash 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Sanjot Singh 6 years, 10 months ago

Stock is the quantity which is available with the seller at a particular point of time where as inventory is a quantity which is made available for the customer

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Anshika Sundrani 6 years, 10 months ago

Inventory includes stock, loose tools ,stores and spares. stock is the sub part of inventory.

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What is the treatment in cashflow statement of interim dividend?

Posted by Jeevesh Roy 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Adil Faiz 6 years, 10 months ago

Add while calculating net profit before tax in operating activities and less from financing activities

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Shanu Kumari 6 years, 10 months ago

Interium divid added in operating act and deducting in financing act

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Workmen compensation mtlb kya hota hi

Posted by Zyan Aftab 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Roma Yadav 6 years, 10 months ago

Workmen compensation is a typ of reserve which the company kept aside from the profit to compensate the claims of workers

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Adil Faiz 6 years, 10 months ago

Kind of reserve to fulfill the claims of workers

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Rent received in which place of Cash Flow Statement?

Posted by Pratishtha Omar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Roma Yadav 6 years, 10 months ago

Rent received is an investing activity and there is inflow of cash so it will be added in investing activity

1Thank You

Adil Faiz 6 years, 10 months ago

Add in investing avtivities

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Zyan Aftab 6 years, 10 months ago

Inflow

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If a partner has a capital of ₹100000 and his drawings against capital is ₹10000 . Then what will be the interest on capial given to him and what will be the interset on drawing charged on him?? #GIVE ANSWER!

Posted by Mr. Nd Stranger 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Riya Sharma 6 years, 10 months ago

Int on drawing is not charged as int is charged on drawings against profit And for int on capital u have not given the rate at which int is to be paid So considering it be x percent Int on capital= 90000*x/100

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Manju purchased 100 shares @rs 120 per share and paid brokerage of 0.5% .find out the total amount spent by her. Pass necessary journal entry for this investment

Posted by Rajat Tyagi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Sager ltd Investment is 112000 Liquid assets are 128000 And quick ratio 1.6 Workout current Ratio

Posted by Anees Ahmad 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Kesar Kansal 6 years, 10 months ago

Firstly calculate current liabilities by liquid * 6 and then add inv. And liquid assets to find out current assets .After this put the formula of current ratio and calculate current liabilities

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A company earned gross profit of 25 % on cost for the ended 31st March 2017 its gross profit was 5,00,000 Equity share capital 10,00,000 Reserve and surplus 2,00,000 Long term loan 3,00,000 Non current assets. 10,00,000 Calculate working capital turnover ratio

Posted by Mohd Ashraf 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Anushka Goel 6 years, 10 months ago

Working capital turnover ratio =net sale /wc 2500000/1500000 =1.6 times Net sale =500000×125/25 =2500000 Wc=deb +equity +reserve =300000 +1000000 +200000 =1500000

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Accounting ratios main Equity find karte time Surplus (debit balance) Add+ karenge ya less- T.s gerewal main Illustration 42 main less kiya haii Illustration 52 main add kiya haii #NEED_HELP

Posted by Pratham Gahoi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Mr. Nd Stranger 6 years, 10 months ago

Its a common thing .....if there is negative balance of surplus..then it will be deducted definitely.....usi ques. Ke niche dekho note h...

2Thank You

Ayesha Ayesha 6 years, 10 months ago

Add nhi krenge..

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Animesh Jain 6 years, 10 months ago

Less karanga because it is a loss

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What is liabilities

Posted by Durgesh Yadav 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Sakshi Singh 6 years, 10 months ago

Gaurav Seth is right.

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Animesh Jain 6 years, 10 months ago

Liabilities is amount which is owed by firm

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Gaurav Seth 6 years, 10 months ago

A liability is an obligation arising from a past business event.

It is reported on a company's balance sheet.

Liabilities are also part of the basic accounting equation: Assets = Liabilities + Stockholders' Equity.

Liabilities are often viewed as claims against the company's assets.

However, liabilities can also be viewed as sources of the company's assets.

Examples of a Liability Examples of a liability include: accounts payable loans payable wages payable interest payable customer deposits deferred revenues

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Short term loans and advances are included in which activity of cash flow statement

Posted by Anupam Dhiman 6 years, 10 months ago

CBSE > Class 12 > Accountancy