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What do you mean by fund based accounting??

Posted by Monica Krmdb 7 years ago

0 answers

ANSWER

Alka Ltd issued 5000,10% debentures of ₹1000 each at a discount of 10% redeemable at a premium of 5% after 5 years.According to the termsof issue ₹500 was payable on application and the balance amount on allotment of debentures.record journal entries regarding issue of 10% debentures

Posted by Xyz Abcd 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Singh 7 years ago

Bank a/c Dr. 2500000 To 10% debentue application 2500000 Debenture applucation a/c Dr. 2500000 To 10%debenture 2500000 Debentue allotment a/c Dr. 2000000 Loss in issue a/c Dr. 750000 To 10%debenture 2500000 To premeium on redemption 250000

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Difference between fixed capital a/c and fluctuating capital a/c

Posted by Monica Krmdb 4 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

<center>Fixed Capital Account</center>	Fluctuating Capital Account
Fixed capital account is that form of capital account where the business maintains two different accounts which are related to the different kinds of transactions that take place in the capital of the partners	Fluctuating capital account is that form of capital account where the capital of the partners keep on fluctuating
Fixed capital account has two accounts which are capital account and current account	Only one account that is capital account
This type of capital account remains constant	This type of capital account fluctuates
Needs to be mentioned specifically in partnership deed	No need to be mentioned in partnership deed

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Can anyone tell me ...what marks each accountancy book contains?

Posted by Riya ? 7 years ago

CBSE > Class 12 > Accountancy

3 answers

Mayank Garg 7 years ago

Yes riya

1Thank You

Riya ? 7 years ago

@mayank garg...does only chapter Npo consist of 10 marks??

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Mayank Garg 7 years ago

Partnership 35 Company 15 Npo 10 Financial statement 20

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If capital balance given in assets side of died partners and its loan amount also given in assets side and if additional information is given 12%interest on loan then how to take amount

Posted by Ashu K 7 years ago

CBSE > Class 12 > Accountancy

1 answers

J K 7 years ago

The whole amount is paid by his executors to the firm

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What is the difference b/w P/L a/c and P/L appro. a/c.

Posted by Ravi Nayak 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 7 years ago

1. Profit and loss account is made when there is loss or profit in the company .It is made after trading account. Whereas profit and loss appropriation is made when there is only profit in the company . It is an extension to profit and loss account

2. Profit and loss account contain items which are charge against the profit . Whereas profit and loss appropriation account are appropriations of profit

3. Profit and loss account follows the matching principle ( revenue =expenses) . Whereas in profit and loss appropriation account , this principle is not followed.

4. Profit and loss account neither have opening or closing balances. profit and loss appropriation account contains both opening and closing balances

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The partner paid ₹2000 to his father for heartattack. What happen ? According to chapter ,Admission of partner.

Posted by Ravi Nayak 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Deepanshu Kansal 7 years ago

its a drawing...

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The value of stock in balance sheet : ₹2,000 Adjustment : 1). The value of stock is overvalued 20%. Please how can we adjust this on Revaluation A/C.

Posted by Ravi Nayak 7 years ago

CBSE > Class 12 > Accountancy

3 answers

Saina Sezel 7 years ago

Ok then plz write the full ques. bcz i make various ques. Of these types

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Ravi Nayak 7 years ago

No it is not a correct answer

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Saina Sezel 7 years ago

Revaluation A/c....Dr 334 To stock A/c 334 i.e., 2000 × 20 ÷ 120 = 334 (approx)

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Which items is assumed to be 100 in case of common size statement of profit and loss?

Posted by Gaurav Rana 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Deepanshu Kansal 7 years ago

revenue from operation

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ANSWER

Show how will be the following items dealt while preapering the final accounts of Queen 's club for the year ended march2018 .. Expenditure on constructio of building 360000. The construction work is in progress and yet has not completed. Opening capital fund : 1080000 Opening building fund :480000 Donation recieve for building :600000 Opening 1 % building fund investments : 48000 Intrest recievd on building fund invetsment: 48000

Posted by Gaurav Rana 7 years ago

CBSE > Class 12 > Accountancy

0 answers

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What is preference and equity shares?

Posted by Sachin Singh 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Riya ? 7 years ago

a share which entitles the holder to a fixed dividend, whose payment takes priority over that of ordinary share dividends.

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Riya ? 7 years ago

Equity shares represent the ownership of a company and capital raised by the issue of such shares is known as ownership capital or owner’s funds.

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Treatment of G|W at a time of admission of partner and which ratio

Posted by Deepesh Negi 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Deepesh Negi 7 years ago

S/R or G/R which

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Shruti Tumdam 7 years ago

The goodwill which is brought by new partner will be distributed to old partners in ganing/sacrificing ratio.

1Thank You

ANSWER

Difference between expenses and revenue

Posted by Deepesh Negi 7 years ago

CBSE > Class 12 > Accountancy

2 answers

J K 7 years ago

Expenses are the payment made or cost incurred and revenue are the recipt of money or amount due sale of goods and services rendered to others

1Thank You

Vikram Kumar 7 years ago

Deficit

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Guidelines for accountancy project

Posted by Parveen Shama 7 years ago

CBSE > Class 12 > Accountancy

0 answers

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Is the lang and building was undervalued by 26000 and the L&B in b/sheet was rs.300000 what treatment i will do?

Posted by Pranav Bhatnagar 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Deepesh Negi 7 years ago

Undervalue so will take dr.side on revaluation A/c because it is nominal A/c

0Thank You

Mayank Garg 7 years ago

First show on credit side of revaluation account and then make it correct in new balance sheet 326000 l&b

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Iron products Ltd. issued 5000,9% debentures of 100 each at a premium of ₹40 payable as follows:(i)₹40,including premium of ₹10 on application (ii) ₹45 including premium of ₹15 on allotment. (iii) balance as first and final call. The issue was subscribed and allotment made. Calls were made and due amount was received.pass journal entries.

Posted by Xyz Abcd 7 years ago

CBSE > Class 12 > Accountancy

0 answers

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At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner?

Posted by Monica Krmdb 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Muskan Dabas 7 years ago

Its always provided in the question

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Under which type of activity will you classify 'dividend received by a finance company' while preparing cash flow statement

Posted by Anus Singh 7 years ago

CBSE > Class 12 > Accountancy

3 answers

Love Sandhu 7 years ago

Operating activities

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Aryan Singhania 7 years ago

Investing

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Ritika Choudhary 7 years ago

Operating activities

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How does capital fund is calculated?

Posted by Shruti Tumdam 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Love Sandhu 7 years ago

By making opening balancesheet

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A and B are equal partners.They admitted C and D as partners with 1/5 th and 1/6th share respectively. Find new profit ratio

Posted by Dhananjay Sharma 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Dhananjay Sharma 7 years ago

As you wrote 1-1/5- 1/4 =11/20 is A's new share it means that 1 in this equation is A's Share

0Thank You

Sweety Arya 7 years ago

Let total profit be 1 then Remaining share =1- 1/5-1/4=11/20 A new share =1/2*11/20= 11/40 B new share =1/2*11/20= 11/40 C's share =1/5 , D's share = 1/4 New ratio will be 11/40 , 11/40,1/5,1/4= 11:11:8:10

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P q and r are partners sharing profits in the ratio of 1/2 2/5 and 1/10. Find the new ratio of remaining partners , if r retires and his share is taken up by p.

Posted by Ayushi Bedia 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Love Sandhu 7 years ago

P's share =5/10+1/10=6/10 and q's share=4/10 and new ratio =3:2

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Charu Gautam 7 years ago

A share 1/2 +1/10=3/5. B share 2/5

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ANSWER

ak and bk sharing profits

Posted by Palak Ledwani 7 years ago

CBSE > Class 12 > Accountancy

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Building of Rs. 240000 sold for Rs.300000 through a broker who charged commission of 2% on the deal. Journalise the transacton at the time of dissolution of the firm.

Posted by Saina Sezel 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Aryan Singhania 7 years ago

Bank a/c dr. 294000 To Realisation a/c. 294000

1Thank You

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What is Accounting period concept?

Posted by Aditya Thakur 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Shruti Tumdam 7 years ago

It is the period for which books are balanced and the financial statements are prepared.

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ANSWER

What is window dressing?

Posted by Bhavya Nagpal 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Shruti Tumdam 7 years ago

Window dressing refers to actions taken or not taken prior to issuing financial statements in order to improve the appearance of the financial statements.

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ANSWER

radha, vanshika, sakshi are partner in a firm with capital of1,00,000, 150000 and 110000. they share profit in ratio 3:4:2. at the end of the year, it was notice that year's profit77400 was distributed among partners equally after providing int on capital @9% wheras deed provide @8%

Posted by Jolly Chabra 7 years ago

CBSE > Class 12 > Accountancy

4 answers

Jolly Chabra 7 years ago

no, the answer is wrong

0Thank You

Love Sandhu 7 years ago

Particular / radha / vanshika / sakshi /tot Int on cap @9% dr/9000 / 13500 /9900/32400 Int on cap@8% cr/8000 /12000 /8800/28800 Net effect dr/1000 /1500 /1100/3600 Div(3600)in3:4:2 cr/1200 /1600 /800/3600 Net effect /cr 200 /cr 100 /dr 300/ So Radha's cap a/c Dr 200 Vanshika'cap a/c Dr 100 To sakshi's cap a/c 300

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Mayank Garg 7 years ago

Radhika's capital a/c. Dr. 200 Vanshika's. Capital a/c. Dr. 100 To sakshi's. Calital a/c. 300

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Jolly Chabra 7 years ago

pls solve it

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ANSWER

distinguished between intra-firms analysis and intra-firms analysis

Posted by Jolly Chabra 7 years ago

CBSE > Class 12 > Accountancy