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A and B were partners . C joins them and it is decided that A receives half of B's share and C receives one thord of A's share , find new profit sharing ratio

Posted by Aamsb Joshi 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Priyanshu Garg 6 years, 11 months ago

Yes 3:6:1

0Thank You

Deepika Rose 6 years, 11 months ago

Suppose B's share is 1 A take 1/2 B's share = 1×1/2 = 1/2 C receive 1/3 of A's share = 1/2 ×1/3 = 1/6 Then, New ratio of the firm will be - A:B:C 1/2 : 1 : 1/6 3:6:1

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ANSWER

On dissolution of a firm,balance sheet revealed total creditor 50000,total capital 48000,cash balance 3000,its asset realised at 12%less .so what will be the loss on realisation???????? Please answer this .....anyone help me

Posted by Nav Dhillon 6 years, 11 months ago

CBSE > Class 12 > Accountancy

4 answers

Nav Dhillon 6 years, 11 months ago

But how u get dis answer i want to know.....

1Thank You

Deepika Rose 6 years, 11 months ago

The loss on realisation will be- 36740 And it will be distribute among parter

2Thank You

J K 6 years, 11 months ago

Sorry but I don't think it will be loss it will bring profit of ₹36240

0Thank You

J K 6 years, 11 months ago

₹7760

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ANSWER

What will be value if goodwill of partnership firm if NRR is 10% and return on investment is 8% from spuer profit method?

Posted by Aisha Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

5 answers

Aisha Singh 6 years, 11 months ago

Ans nhi diya h ...?

0Thank You

J K 6 years, 11 months ago

Answer kitna diya hai

0Thank You

Riya Jain 6 years, 11 months ago

Return on investment se capital employed or aveage profit aa jaega phir nikaal lena.!

0Thank You

Aisha Singh 6 years, 11 months ago

Sahi h ....aise hi diya h

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Gaurav T 6 years, 11 months ago

Write properly question

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ANSWER

Why npo cannot be registered as partnership?

Posted by Aisha Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

J K 6 years, 11 months ago

Npo is opened for providing services and partnership is opened for earning profit therefore npo cannot registered as partnership firm

0Thank You

ANSWER

creditor ₹2000 does not claim his dues

Posted by Kunjan Koiri 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

J K 6 years, 11 months ago

Profit credited to revaluation a/c

1Thank You

ANSWER

How to rectify interest on cpital if it was calculated 10 % in place of 8%?

Posted by Kushal Gurung 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Chandan Kumar Singh 5 years, 5 months ago

you can either debit 2 percent or you can reverse the interest of 10 percent and provide it again at the rate of 8 percent

0Thank You

Akash Akash 6 years, 11 months ago

Debit the 2 % in capital ac

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ANSWER

How will decrease in provision of doubtful debts in dealt with in cash flow statement ?

Posted by Raman Yadav 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Luxury luxury cosmetics Limited issued 30 lacs 9% debentures of rupees 500 each at a discount of 4% redeemable at a premium of 5% after 4 years payable as Rs 200 on application and balance on allotment record necessary entries for issue of debentures

Posted by Dd Jj 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Calculate return on investment and debt equity ratio from the following information. 1. Net profit after interest and tax 300000 2.10%debenture 500000 3.tax rate. 40%. 4.capital employed 4000000

Posted by Karan Pandey 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Non profit organisation ques

Posted by Anjali Hoon 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Explain realisation account

Posted by Prince Pawar 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 6 years, 11 months ago

Realisation Account:

This account is prepared at the time of dissolution of a firm to know the profit/loss at the time of dissolution of the firm. All the assets except cash/bank are transferred to the debit side of realisation account. In case any asset has a corresponding provision or reserve that is transferred to the credit side of realisation account. Similarly all outside liabilities like creditors and loans etc. are transferred to the credit side of realisation account. After this money received on sale of assets are recorded on the credit side of realisation account and all payments made to outside parties are recorded on the debit side of realisation account. If total of credit side exceeds the total of debit side, it indicates profit and vice versa. The profit is credited to partners' capital accounts and realisation account is closed. Journal entries made at the time of preparation of Realisation A/c are:

For transferring all Assets (except cash/bank) to the debit side of Realisation A/c.

1. Realisation A/c Dr.

To All Assets

For transferring any Reserve or Provision related to the assets transferred to Realisation Account. For example Provision for Bad Debts, Provision for Depreciation A/c and Investment Fluctuation Fund.)

2. Provision/Reserve A/c Dr.

To Realisation A/c

For transferring outside liabilities to Realisation Account.

3. Liabilities A/c Dr.

To Realisation A/c

For Sale of Assets or taking over of assets by a partner.

4. Cash/Bank /Partner’s Capital A/c Dr.

To Realisation A/c

For payment of outside liabilities or taking over of liabilities by a partner. Same entry is passed for payment of Realisation Expenses.

5. Realisation A/c Dr.

To Cash/Bank/Partner’s Capital A/c

For transferring profit to the partners (reverse entry for loss).

6. Realisation A/c Dr.

To All Partners

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ANSWER

How to hidden goodwill

Posted by Harry Sharma 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Why it is necessary to reveal assets and liabilities of a firm in case of admission of a partner

Posted by Pramod Madhukar 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Deepika Rose 6 years, 11 months ago

Because at the admission of a partner the profit & loss will be happen in the assets & liabilities. At market value of assets & liabilities changes so, it is necessary to reveal the assets & liabilities at the admission of a partner . The profit and loss on the revaluation will be distribute among old partners in old ratio

1Thank You

ANSWER

What is accountancy?

Posted by Harish Kumar 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What will be the treatement of " liability for workmen compensation to the extent of Rs 750 is to be created" in Revaluation account if workmen compensation reserve is given Rs 12000 in balance sheet

Posted by Seema Jain 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Kaushik Nagarajan 6 years, 11 months ago

Settle the claim to the extent of Rs. 750 and distribute the remaining amount of Rs.11250 among the partners in the credit side of their capital account

1Thank You

ANSWER

general studies k mrks board m jaate hai kya ? Main 5 subject hi hote hai na main ?

Posted by Cbse Student 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Cbse Student 6 years, 11 months ago

ohh ..ok ok thankuu..

1Thank You

Manshvi Goyal 6 years, 11 months ago

Yes gs marks are shown as grade in board marksheet it doesn't effects for marks

3Thank You

ANSWER

How to decorate project work

Posted by Jas Deep 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Cbse Student 6 years, 11 months ago

Decorate..? Accountancy's project is not decorated...ok Simple file bnao

3Thank You

ANSWER

1. SONIYA,DANIYA,and,STELA ARE PARTNER IN RATIO OF3:1:1.Their fixed capital were 2,00,000rup.,1,60,000 and 1,20,000 respectovely. The partnership deed provides the following which were not recorded in the books: 1.Interest on capital @5%p.a. 2.salary to soniya and stela rup.1500p.m. and rup.1000p.m. 3.transper of profit to general reserve rup.10000. Net profit for the year ended 31march,2018 was rup.1,00,000 Pass necessary rectifying entry.

Posted by Muskan K 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Proposed divided kis major head and sub head me aata h...?? Please answer me

Posted by Varun Goel 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Hitesh Kumar 6 years, 11 months ago

equity and liabilities

1Thank You

Kaur S 6 years, 11 months ago

Major head- current liabilities Sub head- short term provision

2Thank You

ANSWER

So my que is from chapters Npo ...cash in hand 5000..cash at bank25000 ..subscribtion 165000...donation 35000 investment purchased 80000 ..rent paid20000...general expense 21500. ...postage and stationary2000. ..courer 1000 sundry expanses 2500 closing cash in hand 12000 ... Prepare receipt and payment account...... Solution plzzz

Posted by Swecha Sharma 6 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Swecha Sharma 6 years, 11 months ago

Ty?

0Thank You

Hitesh Kumar 6 years, 11 months ago

it is already recept and payment account prepar exp and incpme account

1Thank You

Hitesh Kumar 6 years, 11 months ago

income=sub=165000+donation=35000=200000-- exp= rent=20000 generl exp=21500postage and stationary=2000 courer=1000 sundry exp =2500 =47000

1Thank You

ANSWER

A company issued 100000 equity share of

Posted by Anuj Bansal 6 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

2018-2019 ka sample paper ques.no.15 optional uss me salary "p.a" h but solution me 18000 kyu??

Posted by Aisha Singh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Cbse Student 6 years, 11 months ago

Misprint hai ques. Ppr m "P.a".... Nhi p.m hai

0Thank You

Madhav Bhusal 6 years, 11 months ago

I think wo p.m. hona chahiye tha misprint ho gya hoga

1Thank You

ANSWER

What is sacrificing ratio?

Posted by Joy Ghosh 6 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Cbse Student 6 years, 11 months ago

Sacrificing ratio = old ratio - new ratio.

1Thank You

Swecha Sharma 6 years, 11 months ago

Old ratio - new ratio

3Thank You

Suraj Singh 6 years, 11 months ago

Sacrificing ratio is calculated at the time of admission of new partner. It is the proportion in which old partners sacrifices their share in favour of new partner.

1Thank You

ANSWER

When goodwill is not given

Posted by Ravi Negi 6 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Aisha Singh 6 years, 11 months ago

Hidden goodwill.....

0Thank You

Bharat Sukhija 6 years, 11 months ago

Incomplete question

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ANSWER

What is partners?

Posted by Harish Kumar 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Bharat Sukhija 6 years, 11 months ago

Partner are the person who agree to carry the business and share profits

1Thank You

ANSWER

Sample paper 1 question no.21

Posted by Akansha Yadav 6 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Cbse Student 6 years, 11 months ago

ye tho bhout easy h yr comparative balance shhet Phle apni note book m se copy krlo usske bd absolute chng dono m subtract krke likna hai or fir %chng k. Formula h Absolute chng /previous year *100..... Ok

1Thank You

ANSWER

Cash flow statements of bajaj auto and its audit report

Posted by Sunita Rawat 6 years, 11 months ago

CBSE > Class 12 > Accountancy