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What is the differences between adjustment entry in the beginning and end of the year

Posted by Jaanvi Rana 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the best strategy to pass in accountancy class 12?

Posted by Rishabh Genius 6 years, 11 months ago

CBSE > Class 12 > Accountancy

5 answers

Riya Jain 6 years, 11 months ago

I had already visited that channel. I don't know what to do i just got diprresed, i am very weak in studies this time :(

1Thank You

Sanchit Modi 6 years, 11 months ago

More than practice understand the concept and then try to do all types of questions If you have any doubt about the concept you can go on YouTube and Type "Accounts Adda" He explains very nicely

0Thank You

Avani Jain 6 years, 11 months ago

Make perfect time table and follow it .

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Riya Jain 6 years, 11 months ago

One month se practice kr ri hu, no improvement.... Any suggestion!

1Thank You

Devendra Kumar 6 years, 11 months ago

Practice

3Thank You

ANSWER

Accountancy answer key RAC series RSPL/1

Posted by Soundharya :) 2 years, 10 months ago

CBSE > Class 12 > Accountancy

8 answers

Devsingh Pawar 5 years, 10 months ago

I need answer ki

21Thank You

Devsingh Pawar 5 years, 10 months ago

I need answer key code number RSPL/2

6Thank You

Sayan Mukherjee 2 years, 10 months ago

give the answers of rspl accountancy 2020

5Thank You

Satyam Goyal 5 years, 10 months ago

want answers

0Thank You

Lakshmi Gupta 5 years, 10 months ago

I want the RSPL answer

4Thank You

Dhruv Maheshwari 5 years, 10 months ago

I also wany

8Thank You

Vanshita Tharani 5 years, 10 months ago

show the question paper

3Thank You

Mohit Agarwal 5 years, 11 months ago

rpsl 3

9Thank You

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How to give calculate the amount of calls in advance

Posted by Priya Debnath 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

how a loan account not transfer ton capital account?

Posted by Nannu Kaur 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Daksh had an ambition to start a business.after completing his studies, he surveyed the market for business opportunity. He did a course in the production and marketing of handmade sheets, through which he would be recycling some of the waste material.on 1st April 2013 , he started his business with a capital of rs 500000 and borrowed rs 500000 from his friend at an interest of 8 % per annum. He purchased permises for rs 400000 and installed machinery valued at rs 100000. Loose tools of rs 80000 , furniture and fixtures of rs 150000 and a computer for rs 20000 were also purchased. All the cash was kept in a bank and payments were made through the bank. The following is a summary of transactions : Dye and chemicals rs 10000 total purchases rs 395000cash 205000credit rs 600000 total sales rs750000cash+250000 credit rs 1000000 wages rs 240000 electricity exp rs 18000 water exp rs 12000 cartage on purchases rs 24000 cartage on sales rs 30000 bpermises were insured on 1st OctoberOctober 2013, on a yearly premium of rs 24000.int on loan was paid by cheque and a part of loan of rs 100000 was paid at the year end. On 31st March 2014; 1 closing stock valued at rs 248000 2 wages of rs 20000 were still outstanding. 3 depriciation was to be provided @ 10 % per annum on machinery, loose tools and computer and @5 % per annum on premises and furniture and fixtures 4 a debtor of rs 7200 become insolvent and only 25 paisa in a rupees is expected to be realised form him you are required to : 1 journalise these transactions, post them into ledger accounts and perpare a trial balance 2 prepare financial statement for daksh.also, comment on the profitability and solvancy of the firm

Posted by Krishna Kumar 6 years, 11 months ago

CBSE > Class 12 > Accountancy

4 answers

Rakshita Sharma 5 years, 10 months ago

I want journal of this

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F Begum 5 years, 10 months ago

plz send answer of this ques

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Cbse Student 6 years, 11 months ago

Yes riyaa..8 mrks k que.

2Thank You

Riya Jain 6 years, 11 months ago

Are these kind of question will come in exam ????

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What is difference between fixed charge and floating charge??

Posted by Bhavya Nagpal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 11 months ago

Fixed charge	Floating charge
Fixed charge refers to a charge that can be ascertained with a specific asset, while creating it.	Floating charge refers to a charge that is created on the assets of circulatory nature.
The company has no right to deal with the property, but subject to certain exceptions.	The company can use or deal with asset, until crystallization.
Registration of charge Voluntary	Registration of charge Compulsory

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Partner currrnt ac ka nal kahan show kiya jata hai?

Posted by Gaurav Chinia 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Riya Jain 6 years, 11 months ago

If there is debit balance then bebit side of current account and asset side in balance sheet. Viz varsa for credit balance.

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Gaurav Chinia 6 years, 11 months ago

Sorry nal nhi bal.

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ANSWER

How to make index

Posted by Jas Deep 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Bhavya Nagpal 6 years, 11 months ago

Google it

0Thank You

ANSWER

What is meant by fluctuating capital of partner

Posted by Vinod Bhati 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 11 months ago

Fluctuating capital method is one in which capital balances of the partners go on changing every year due to entries for adjustments like drawings, interest on capital and drawings, salaries, commission, allowances, etc. Recorded in their capital accounts.

Under this method, only one account, i.e. capital account is maintained for each partner.

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Difference between partner loan and capital account

Posted by Vanshika Agarwal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 6 years, 11 months ago

Amount invested/contributed by a partner in a partnership business is termed as partner's capital. Partner's capital A/c is an ownership/equity amount of business and forms the last liability of the firm after all other liabilities are paid off. Capital A/c is entitled for Interest on capital,partner's salary,share of profit. Also interest on drawings is deducted from the account. No requirement to pay off the amount unless partner retires or leaves the business.
Whereas Partner's loan A/c refers to the amount provided by partner to the firm in terms of Loan. It is a liability of the firm & Firm provides interest on such loan amount to the partner. It is required to be paid off within agreed time period.

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Mahesh and suresh are partners they admit naresh into partnership .they agreed to value goodwill at 3 years purchase on weighted average profit method.profit is..2013=125000,2014=140000,2015=120000,2016=55000,2017=257000 Adjustments are= 1.the second hand machinery was purchased for 5000000on 1 july 2015 and 100000 were spent to make it operational were wrongly debited into repair accounts .machinery is depreciated by @20%p.a on written down value method 2.closing stock as on 31 march 2016 was undervalued by 50000. 3.remmuneration to each partners was considered to be charge against profit nd remmuneration was 50000p.a for each partner Calculate goodwill??

Posted by Harman Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Saleha Jamila 5 years, 8 months ago

375000

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notes for weak students of all chapters

Posted by #Ishika Garg 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Cbse Student 6 years, 11 months ago

cbse guide m jo notes hai unnhe achche se pdhlijiye

1Thank You

ANSWER

Neetu meetu and Titu your partner in a firm on 1st January 2018 me to retire on meetu retirement the Goodwill of the firm as valued at 420000 general entry for the treatment of goodwill on meetu retirnment

Posted by Badam Lodi 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Nikhil Kumar 6 years, 11 months ago

it assumes that they share profit equally Meetu's share in goodwill= 4,20,000 × 1/3=1,40,000 and meetu's cap.A/c credit by 1,40,000 and netu or titu A/c debited in the gaining raitio i.e. 1:1

1Thank You

Mayank Singh 6 years, 11 months ago

Neetu's capital a/c Dr. 70000 Titu's capital a/c Dr. 70000 To Meetu's capital a/c 140000

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When can shares held by a shareholder be forfeited ?

Posted by Nikhil Kumar 6 years, 11 months ago

CBSE > Class 12 > Accountancy