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

Plz guese take each others mobile no. And ask personally there is no need of such rubish questions .... Ask Accontancy queries so that doubts can clear It's a request for everyone ?

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Sakshi Singh 6 years, 10 months ago

Pata chala kon h woh God.?

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Suppose there are two partners A and B... C is admitted for 1/3 share... The old ratio is 3:2 and B is to retain his share. How to we calculate new and sacrificing ratio?

Posted by Ravindra R M 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Vishal Dhedhar 6 years, 10 months ago

C's share=1/3 Remaining share=2/3 B's share=2/5(as before) So A's share is 2/3-2/5(remaining share-B's share)=4/15.....so New PSR is 4:6:5 respectively

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What do you mean by issue of bonus shares and how is it treated in the financial statements of the company?

Posted by Ravindra R M 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 10 months ago

Bonus shares are shares issued to shareholders of a company free of any cost.

From an accounting perspective, a bonus issue is a simple reclassification of reserves which causes an increase in the share capital of the company on the one hand and an equal decrease in other reserves. The total equity of the company therefore remains the same although its composition is changed.

Following journal entries are required to account for a bonus issue:

Debit	Undistributed Profit Reserves / Share Premium Reserve / or Other reserves	<i>Number of bonus shares × nominal value of 1 share</i>
Credit	Share Capital Account	<i>Number of bonus shares × nominal value of 1 share</i>

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Is proposed dividend of current year is added in net profit before tax and extraordinary items

Posted by Anupam Dhiman 6 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Aakash Vats 6 years, 10 months ago

Current year proposed dividend is added in net profit before tax and last year's shown as outflow in financing as per new rules

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Animesh Jain 6 years, 10 months ago

No current year proposed divided is not taken any where

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Shivam Nigam 6 years, 10 months ago

As per new rules proposed divided on previous year is only consider We ignore the current year propsed dividend So dividend of previous year is added to net profit and payment in financing activity

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Khushi Khandelwal 6 years, 10 months ago

Actually according to cbse's new amendment current year proposed divided will be added while calculating net profit before tax but we are advised to use previous year only while calculating npbt.

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ANSWER

Difference between‘ Equity share ’and‘preference share’¿?

Posted by Mani Bhushan 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Gaurav Seth 6 years, 10 months ago

<th>BASIS FOR COMPARISON</th> <th>EQUITY SHARES</th> <th>PREFERENCE SHARES</th>

Meaning	Equity shares are the ordinary shares of the company representing the part ownership of the shareholder in the company.	Preference shares are the shares that carry preferential rights on the matters of payment of dividend and repayment of capital.
Payment of dividend	The dividend is paid after the payment of all liabilities.	Priority in payment of dividend over equity shareholders.
Repayment of capital	In the event of winding up of the company, equity shares are repaid at the end.	In the event of winding up of the company, preference shares are repaid before equity shares.
Rate of dividend	Fluctuating	Fixed
Redemption	No	Yes
Voting rights	Equity shares carry voting rights.	Normally, preference shares do not carry voting rights. However, in special circumstances, they get voting rights.
Convertibility	Equity shares can never be converted.	Preference shares can be converted into equity shares.
Arrears of Dividend	Equity shareholders have no rights to get arrears of the dividend for the previous years.	Preference shareholders generally get the arrears of dividend along with the present year's dividend, if not paid in the last previous year, except in the case of non-cumulative preference shares.

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Khushi Khandelwal 6 years, 10 months ago

Equity share holders do not get a fixed rate of dividend while preference shareholders get a fixed rate. Equity shareholders have a right to take part in companies decisions while preference shareholders do not have.

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ANSWER

Difference between including premium and along with premium................share capital

Posted by T. Bisht 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Ravindra R M 6 years, 10 months ago

They both are the same

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ANSWER

Interest on calls in arrears major and sub head?

Posted by Piyush Israni 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is purchased goodwill

Posted by Disha Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Akshita Yadav 6 years, 10 months ago

If one is buying a company along with its assets and liabilities and paying extra then that extra amount will be purchased goodwill for example a company has 200000 of assets and 300000 of liabilities so this 100000 is purchased goodwill. Assets a/c. Dr. Goodwill a/c. Dr. To liabilities a/c

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Shanu Kumari 6 years, 10 months ago

Company are purchase goodwill in cash from another company and goodwill is valued of the firm

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ANSWER

Difference between cash acc and cash book

Posted by Harvinder Ahlawat 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Pragati Aggarwal 6 years, 10 months ago

Cash a/c is a ledger and cash book is a type of subsidiary book in which both cash and bank related transactions are recorded.

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ANSWER

What is the treatment of premium on redemption of debentures in cash flow?

Posted by Sakshi Goyal 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Mukesh 6 years, 10 months ago

it is added to operationf activities and deducted from financing activities

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ANSWER

Differentiate between reconstitution of partnership and dissolution of partnership firm

Posted by Abhi Shek 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Pragati Aggarwal 6 years, 10 months ago

Reconstitution of partnership refers to the preparing new partnership deed as like change in profit sharing ratio, admittion of partner and retirement or death of partner. But dissolution refers to the ending of partnership firm not partnership as in this the bussines is ended due to completion of the purpose of the partnership firm for which it is established.

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Posted by Rohit Kumar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Sakshi Singh 6 years, 10 months ago

What do you mean by 16???????

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What do we mean by honorarium an expression of gratitude?

Posted by Babita Sindhu 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Vishesh Bansal 6 years, 10 months ago

Honorarium an expression of gratitude is the amt paid to our guests from out of gratitude It is simply as honorarium and its treatment is also same as honorarium

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ANSWER

Calculate operating profit ratio

Posted by Ishan Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Akshita Yadav 6 years, 10 months ago

Without amount

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ANSWER

Can a retiring partner or legal representative of a deceased partner have share in the sunsequent profits of the firm?

Posted by Shubham Swami 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Vishesh Bansal 6 years, 10 months ago

He would not have any share in profits

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Aman Pathak 6 years, 10 months ago

He has share in profits till the date of death or retirement

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Krupa Jain 6 years, 10 months ago

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Current ratio is 2.5 working capital is 15000 calculate the amount of current assets and current liabilities.

Posted by Anshul Diwakar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Shanu Kumari 6 years, 10 months ago

Currtent ratio = current assets /current liab 2.5 = current assets / current liab 2.5 *current liab = current asset Working capital = current asset - current liab 15000= 2.5*CL -CL 15000= 1.5 CL 15000/1.5= CL CL = 10000 CA = 2.5* 10000= 25000

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Shubham Swami 6 years, 10 months ago

Current assets - current liabilities=15000 & current ratio is 2.5;current assets /current liabilities=2.5 So,current assets=2.5 current liabilities Now from above equation, 2.5 current liabilities - current liabilities=15000 Currrent liabilities=10000 So,current assets= 25000

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ANSWER

What is the treatment of CREDITORS WRITTEN BACK?

Posted by Guddi Parasramka 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Pragati Aggarwal 6 years, 10 months ago

It will be written on debit side of revaluation a/c because due to increase in creditors, the bussines has to face loss.

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Gaurav Mukesh 6 years, 10 months ago

It is wrongly written here

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Gaurav Mukesh 5 years, 8 months ago

What did Fearenside and Teddy Henfrey talk about the stranger ?

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ANSWER

in income expenditure account if no date of purchase of asset is not mentioned..then what would we consider for calculating depreciation

Posted by Shreya ?? 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Pallavi Garg 6 years, 10 months ago

That assest was with us for the whole year so dep is charged for 1year

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ANSWER

adjustment of captial accounts Q.67(A)

Posted by Varun Kumar 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Distinguish between share and debenture

Posted by Ankit Gupta 6 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 10 months ago

Share	Debentures
Share capital forms a part of the total capital of the company and shareholders are treated as owners of the company.	Debentures are defined as a debt of the company and debenture holders are creditors to the company.
The dividend rate on shares fully depends upon the profits that are obtained by the company.	The interest rate on debentures is fixed at the beginning of the issue of the debentures.
Shareholders are paid after the debenture holders are paid interest.	Debenture holders are paid the interest before the shareholders are paid.
Shareholders are paid dividend out of profits and if the company is in losses they don't get dividend.	Debenture holders are creditors and get interest compulsorily irrespective of the company makes a profit or not.

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software solution india ltd inviting application for 20000 equity shares of rs 100 each , payable rs.40 on application,rs 30 on allotment and rs 30 on call. the company received applications for 32000 shares. application for 2000 shares were rejected and money returned to applicants. applications for 10,000 shares were accepted in full and applicants for 20,000 share alloted half of the number of share applied and excess application money adjusted into allotment.all money received due on allotment and call.

Posted by Neeraj Panjwani 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Anil, ankur and Lakshmi are partner in a firm of capital 5000 and ratio 3:2:1 what's is the capital of ankur

Posted by R K 6 years, 10 months ago

CBSE > Class 12 > Accountancy

5 answers

Mani Bhushan 6 years, 10 months ago

Ankur=5000.2/6=1666.6666666

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Shanu Kumari 6 years, 10 months ago

Ankur's capital = 5000*2/6= 1666.6

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Shubham Swami 6 years, 10 months ago

Ankur capital = 5000*2/6= 1666

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Gaurav Mukesh 6 years, 10 months ago

Ankur capital = 3/6×5,000 = 2,500

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Rahul Chauhan 6 years, 10 months ago

1666

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ANSWER

Kaun sii sample papers sahi rahengii ??

Posted by Aisha Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Safi Siddique 6 years, 10 months ago

Oswaal mein cbse ka sample paper aur toppers note available hii...

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Safi Siddique 6 years, 10 months ago

Oswaal kee

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Piu Sharma 6 years, 10 months ago

Shiv das or full circle

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If Y takes away goods for personal use in memorandum joint venture method then account to be debited will be Personal account Purchase account Joint venture account None

Posted by Subarthi Nandy 6 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Midee ltd invited application for issuing 27000 shares of 100 each payable as follow

Posted by Harsh Thakur 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Adityan Sumesh Kumar 4 years, 9 months ago

Explanation: Bank A/c - Rs. 20,00,000 - To Equity Share Application A/c (Application money received on 40,000 shares) Equity Share Application A/c - Rs. 20,00,000 To Equity Share Capital A/c - Rs. 13,50,000 To Calls in Advance A/c - Rs. 6,50,000 (Application money transferred to Share Capital) Equity Share Allotment A/c - Rs. 2,70,000 - To Equity Share Capital A/c (Allotment money due) Bank A/c - Rs. 94,000 Calls in Advance A/c - Rs. 2,00,000 To Equity Share Allotment A/c - Rs. 2,70,000 To Calls-in-Advance A/c - Rs. 24,000 (Allotment money received) Equity Share First Call A/c - Rs. 10,80,000 - To Equity Share Capital A/c (Call money due) Bank A/c - Rs. 6,26,500 Calls-in-Advance A/c - Rs. 4,50,000 Calls-in-Arrears A/c - Rs. 3,500 To Equity Share First Call A/c - Rs. 10,80,000 (Call money received) Equity Share Capital A/c- Rs. 20,000 To Equity Share First Call A/c - Rs. 3,500 To Equity Share Forfeiture A/c - Rs. 16,500 (200 shares forfeited for non-payment of call money) Bank A/c - Rs. 21,000 To Equity Share Capital A/c - Rs. 20,000 To Securities Premium A/c - Rs. 1,000 (200 shares re-issued at Rs.105 per share) Equity Share Forfeiture A/c - Rs. 16,500 - To Capital Reserve A/c (Profit on re-issue transferred to Capital Reserve)

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Pragati Aggarwal 6 years, 10 months ago

What do u want to ask? Plz write your question complete

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ANSWER

A ,B and C are partner sharing profit in the ratio 3:2:1 . B died on 31 july 2018 . on b death goodwill of the firm valued is rs 60000 pass journal entries for treatment of goodwill

Posted by Anjani Devi 6 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Shanu Kumari 6 years, 10 months ago

Gaining ratio =3.1 B's goodwill = 60000*2/6= 20000 A's goodwill=20000*3/4=15000 B's goodwill=20000*1/4=5000 Jounral entry A's capital Dr. 15000 C's capital Dr. 5000 To B's capital. 20000

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Gaurav Mukesh 6 years, 10 months ago

G.R. of A and C = 3:1 B share of goodwill = 2/6×60,000 = 20,000 Journal entry. Dr. Cr A' s capital A/C ....Dr. 5,000 To B's capital A/C. 15,000 ( Being share of goodwill of deseaded partner is distributed to remaining partner in their gaining ratio

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ANSWER

Give two sources of income of not-for-profit organisation.

Posted by Poyam Singh 6 years, 10 months ago

CBSE > Class 12 > Accountancy