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

Current year proposed dividend is added in net profit after tax to calculate net profit before tax and extraordinary items. And previous year proposed dividend is subtracted in financing activity. Hope this helps

2Thank You

Honey 8 6 years, 11 months ago

And both should be the opening balance. (Previous year)

0Thank You

Dev Sharma 6 years, 11 months ago

Add in net profit before tax and less from financing activities

0Thank You

ANSWER

What is share option outstanding a/c ?

Posted by Johny Depp 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Executors account in four equal half yearly installments

Posted by Hiten Goyal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Krishanu Saxena 6 years, 11 months ago

Executors account ka jo balance ho usko utha kr By bal b/d kro aur fir installments ka rupiya kat te jao jitni bhi ban rhi ho

0Thank You

Riya Jain 6 years, 11 months ago

I think you mean payment to executer in installments , What do you want to know aboit that?

1Thank You

ANSWER

As per the new guidelines of the companies act 2013 what minimum amount of investment is required to be the time of redemption?

Posted by Pinki Yadav 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Vatsal Dave 6 years, 11 months ago

15 percent.

2Thank You

ANSWER

Neetu meetu and teetu were partners in a firm on 1st January,2018,meetu retired.on meetu's retirement the goodwill of the firm was valued at rs 420000 Pasd necessary journal entery for the treatment of goodwill on meetu's retirement

Posted by Jass Kaur 6 years, 11 months ago

CBSE > Class 12 > Accountancy

4 answers

Riya Jain 6 years, 11 months ago

But there is no year mentioned so how could you dicide the time, and also time is not calculated while calculating goodwill.

1Thank You

Vatsal Dave 6 years, 11 months ago

My previous answer posted at 8:21 p.m is wrong

1Thank You

Vatsal Dave 6 years, 11 months ago

Sorry there is a mistake in my answer that is.. 420000×1÷3×9÷12=105000 since he retired on 1st jan..so calculation will be of 9 months... so journal entry will be Neetu' s capital account Dr52500 Titu's capital account Dr52500 Tomeetu' capital account 105000

1Thank You

Vatsal Dave 6 years, 11 months ago

Neetu,meetu,teetu are equal partners since their profit sharing ratio is not given.. Hence profit sharing ratio is1:1:1 Goodwill of firm is420000 So meetu's share will be 420000×1÷3=140000 and this will be divided among existing partners equally so journal Entry is Neetu's capital accountDr70000 Teetu's capital accountDr 70000 To meetu's capital account140000

1Thank You

ANSWER

P,Q,R sharing p&l in the ratio of 1/2 , 1/3 ,1/6 respectively . Q retired , P&R decided to share future P&L in the ratio of 2:1 respectively. (1) value of patents was to be reduced by 40% and that of machinery to 90% (2) The provision for doubtful debts to be maintained @5% on debtors

Posted by Ishaan Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Kavita, meenakshi and gauri are partners doing a paper business in ludhiana. After the accounts of partnership have been drawn up and closed, it was discovered that for the years ending 31st march, 2013 and 2014 . Interest on capital has been allowed to partners @ 6% p. a. although there is no provision for interest on capital in the partnership deed. Their fixed capitals were rs 200000,160000 and 120000 respectively. During the last two years they had shared the profits as under Year. Ratio 31st march 2013. 3:2:1 31st march 2014. 5:3:2 You are required to give necessary adjustments entry for interest on capital on april 1,2014

Posted by Gouri Goyal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Soalnki 6 years, 11 months ago

20Thank You

ANSWER

Sir, proposed dividend ka old method use kr na he ya Ns4 revised.

Posted by Ashraf Khan 6 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Hitesh Mittal 6 years, 11 months ago

Previous year proposed dividend is taken as it is paid in current year

1Thank You

Riya Jain 6 years, 11 months ago

I also confused on that

1Thank You

Prerna Goyal 6 years, 11 months ago

U should use old method

1Thank You

ANSWER

In total how many cases are there for Realisation Expenses ? Chapter -Dissolution of a Partnership firm...

Posted by Lucifer Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Lucifer Singh 6 years, 11 months ago

But in Sandeep garg it's given 12 cases..

1Thank You

Kapil Dhawan 6 years, 11 months ago

1.if paid by firm. 2.if paid by partner. 3.if paid by a partner on behalf of firm. 4.if paid by firm on behalf of partner.

1Thank You

Kapil Dhawan 6 years, 11 months ago

1Thank You

ANSWER

Endowment fund ka treatment kya hota hai non profit organization me

Posted by Prince Rai 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Kapil Dhawan 6 years, 11 months ago

Shown in closing liability side

2Thank You

ANSWER

Share capital practical problem question number 79

Posted by Deepak Deepak 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Lucifer Singh 6 years, 11 months ago

Which book ?

2Thank You

Prince Rai 6 years, 11 months ago

Kiska 79 question bhai

2Thank You

ANSWER

A and B are partners sharing profits and losses in the ratio 3:2. They admit C,a new partner who acquires 1/5 of his share from A and 4/25 share from B.calculate the new profit-sharing ratio.

Posted by Sumitra Murmu 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Prince Rai 6 years, 11 months ago

A new ratio 10/25 B new ratio 6/25 C new ratio 9/25

3Thank You

ANSWER

A and B are partner sharing profit in the ratio 5/10 & 2/10 and transfer to general reserve 2/10

Posted by Khushi Ojha 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Rose Mathew 6 years, 11 months ago

Just divide profits in the ratio 5:2

0Thank You

Prince Rai 6 years, 11 months ago

What to do in that question

3Thank You

ANSWER

A company has current assets rs 250000 and current liabilities rs 120000 therefore, it bought goods on credit for rs 20000.compute current ratio after this transaction

Posted by Salim Saifi 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Prince Rai 6 years, 11 months ago

Current ratio = current assest / current liability. So Current ratio = 270000/140000 So ratio will be 1.92 : 1

0Thank You

ANSWER

Why revalution account is prepared ?

Posted by Abbishek Rai 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Yogita Ingle 6 years, 11 months ago

Revaluation a/c is prepared to find out the true value of assets and liabilities.So whenever there a adjustments regarding regarding increase or decrease of assets and liabilities revaluation a/c has to be prepared.

1Thank You

Sakib Arslan 6 years, 11 months ago

Because we have to find out profit or loss or revalu vo assets

0Thank You

ANSWER

In what situation revalution account is prepared?

Posted by Abbishek Rai 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Pragya Bhatt 6 years, 11 months ago

It can be prepared in following situations - : 1 when there is change in profit sharing ratio among existing partners. 2 when a new parntner is admitted. 3 at retirement or death of a partner

0Thank You

Yogita Ingle 6 years, 11 months ago

A Revaluation Account is prepared in order to ascertain net gain or loss on revaluation of assets and liabilities and bringing unrecorded items into books. The Revaluation profit or loss is transferred to the capital account of all partners including retiring or deceased partners in their old profit sharing ratio.

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ANSWER

Question no 60 from ts grewals 2017 addition

Posted by Shikha Pandey 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Honey 8 6 years, 11 months ago

Please tell the chapter

0Thank You

ANSWER

treatment of employes provident fund

Posted by Poonam Goyal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Akash Kumar 6 years, 11 months ago

Employees provident fund is not ditributed in partners capital accont it is appear in next balancesheet

0Thank You

Rohit Mehra 6 years, 11 months ago

it not be distributed in partner ...will appear in nxt balance sheet

2Thank You

ANSWER

Plz someone help me i want full format of net profit before tax and extra ordinory items with year mention Plz its a request i want it urgently tommorow is my exam!!!!

Posted by Riya Jain 6 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Riya Jain 6 years, 11 months ago

So are we adding of current year or previous year??

0Thank You

Akash Kumar 6 years, 11 months ago

Acvording to new schedule propsed dividend or interim dividend are treated as same according to question given or transfer of general reserve and provision for taxation added in the profit or surplus

2Thank You

Cbse Student 6 years, 11 months ago

Add-1 proposed dividend 2 interim dividend 3 transfer to general reserve 4 provision for taxation Less-1 receipts from extraordinary items 2 refund for tax We get net profit before tax and extarordinary items

3Thank You

ANSWER

Non recurring income will add or subtract in adjusted profit

Posted by Nitin Dewan 6 years, 11 months ago

CBSE > Class 12 > Accountancy