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

Cost of goods sold = 300000×100/120 ". =250000. Inventor turnover ratio = cost of good sold / average inventory. Let opening inventory =x, so closing inventory = 6000+x. So.,...........average inventory = 6000+2x/2 ......................= 3000+x I.T.R = 25000/3000+x=4 So, x{opening inv.}= 59500 & closing = 59500+6000= 65500.

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Aisha Singh 7 years ago

Solution mil skta h??

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Riya Jain 7 years ago

59500 is opening, 65500 is closing is this rigit ???

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ANSWER

How to calculate share forfeiture and securities premium reserve when allotment money include premium and premium amount is more than that of allotment

Posted by Anshika Jaiswal 7 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

State two main rights of a newely admitted partner acquires in the firm

Posted by Roshni Oberoy 7 years ago

CBSE > Class 12 > Accountancy

3 answers

Saina Sezel 7 years ago

1. To get the share in profit of the firm. 2. To get the share in Assets of the firm.

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Jolly Chabra 7 years ago

to participate in the management of business

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Vasu Bihani 7 years ago

1). get the share of profits of the firm

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ANSWER

Ashok david and rahul are partners sharing in ratio 5:3:2 ashok died on 1 july 2012 and his share of profit calculated on basis of sale sale for the year ending 31 march 2012 were 1200000and profit were 200000 and sales show a growing trend of 20 percent find his share of profit

Posted by Vishal Arora 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Riya Jain 7 years ago

Can you provide solution??

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Vasu Bihani 7 years ago

30000

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ANSWER

Capital receipt which directly goes in capital fund

Posted by Abhinav Singh 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Vasu Bihani 7 years ago

Life membership fees

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ANSWER

How can we prepare accountancy cmplt chapter revision???

Posted by Sandhya Rani 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Zeel Patel 7 years ago

By preparing oswal sample papers

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ANSWER

Why does the surplus is not distributed in the partners

Posted by Jyoti Kashyap 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Love Sandhu 7 years ago

Because there are not partners only members

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Riya Jain 7 years ago

If you mean profit and loss ac surplus, it is distributed in partners

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ANSWER

Illustration no.1 chapter. 3

Posted by Abhijeet Seth 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Riya Jain 7 years ago

Which book??

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ANSWER

Is provision for employees benefits long -term provision or short-term provision???

Posted by Aayushi . 7 years ago

CBSE > Class 12 > Accountancy

3 answers

Love Sandhu 7 years ago

Short term

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Manushi Bera 7 years ago

Long term

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Ishmeet Bhatia 7 years ago

Long term provision

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ANSWER

Hey guys i dont have any questions but if have any questions regarding question paper or want some usefull short notes or some entry than i can help u"[email protected]"is my email id only genuine persons who are concerned about account paper only dm

Posted by Zeel Patel 7 years ago

CBSE > Class 12 > Accountancy

7 answers

Lakshita Sharma 7 years ago

Isn't ur id is prsnl...do many people uses tht...or u its not ur own??? I wss nd ya i was just warning u...now do wht u want to doo...zeel...u will b banned...if smne reported ur ques...i m not forcing u...just WARNING u...do as u wish...i hve did wht i can...?

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Zeel Patel 7 years ago

And yes one thing if i want to just give personal information than i would have given my watsupp number not email id ???. Just think about it

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Zeel Patel 7 years ago

Sorry for this

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Zeel Patel 7 years ago

I was just trying to help u

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Lakshita Sharma 7 years ago

Thnx for being wth me sandhya...?

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Sandhya Rani 7 years ago

Hmm really?? i agree with u

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Lakshita Sharma 7 years ago

Pls dont share ur prsnl info here....if anyone wants help then he or she will ask here...or will get frm anywhere...this site has strictly prohibited sharing prsnl info...so...its a humble request to everyone...DON'T SHARE UR PRSNL INFO ON THIS SITE... it will b much better then being banned...hope all understood this msg...

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ANSWER

Calculate net profit ratio if gross profit = 460000 ; administrative expenses= Rs 150000; selling expenses =110000 ;interest on debt=70000 ; tax Rs 40000 and revenue from operations= rs 2500000.

Posted by Gopika Agarwal 7 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Is there any question from issue of debenture in exams because i see several sample paper there is no question of it?? Plz answer fast..

Posted by Sakshi Chauhan 7 years ago

CBSE > Class 12 > Accountancy

4 answers

Zeel Patel 7 years ago

But if you are interested than "[email protected]" is my email id you can message ther???

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Zeel Patel 7 years ago

But i cant send here because it does not allow

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Zeel Patel 7 years ago

I have one data of question paper which tells that what question of which chapter of how many marks are going to come

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Zeel Patel 7 years ago

Yes there is one question of issue as well as debenture

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ANSWER

Want help in notes to account of share capital forfieture and reissu of shares

Posted by Riya Jain 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Zeel Patel 7 years ago

I have photos which i cant share here because it does not allow me to do so If you are genuinely interested than "[email protected]"is my email id you can message ther remember if you are genuinely interested than only

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ANSWER

3+3=8. How

Posted by Vivek Singh 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Vivek Singh 7 years ago

Galti se

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ANSWER

Can u send me the book name or details of computezed accounting class 12

Posted by Himanshu Sahu 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Zeel Patel 7 years ago

No book is there like ts grehwal

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ANSWER

Plz tell me ,is in exam the question of shares come with balance sheet also ?

Posted by Riya Jain 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Zeel Patel 7 years ago

Hey if you want any help i can provide u with accounts as i have some useful notes but i cant share it here because this app odes not allow "[email protected]" is my email id you can message there

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Himanshu Sahu 7 years ago

One full question

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ANSWER

In the accounts cash flow statement can do for accounting standard 3 ,4

Posted by Suraj Kr 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Sanchit Baveja 7 years ago

its As per AS-3

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ANSWER

State the rights acquired by a newly admitted partner

Posted by Kamal Maurya 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 7 years ago

Right to get share in profit Right to participate in business meeting Right to take decisions

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ANSWER

Marks distribution as per new syllabus

Posted by Namrata Agarwal 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Tanvi Thakur 7 years ago

Npo 10 marks Company 15marks Partnership 35 marks Cash flow and financial statement. 20 marks

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ANSWER

Which sample paper is best for accountancy

Posted by Kunal Patel 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Bansal 7 years ago

I think arihant

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ANSWER

What is disolution of firm

Posted by Class 9 7 years ago

CBSE > Class 12 > Accountancy

3 answers

Ishaa Yadav 7 years ago

Dissolution ofthe firm means closing or winding up of business and after that no longer the firm will exists

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Mayank Garg 7 years ago

It means the firm is closing its business or winding up business and after dissolution the firm is no longer exists in the business

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Muskan Tyagi 7 years ago

It means closure of the firm and end of business relationship among all the partners

2Thank You

ANSWER

Questions no 81 edition 2018 ts grewal

Posted by Mohit Saini 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 7 years ago

Chapter ??

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ANSWER

Stock was overvalued by 5,000 in revaluation where it is come

Posted by Vanshika Agarwal 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Vishesh Tomar 7 years ago

Debit side will be debited by 5000 As, to stock

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Kiran Thakran 7 years ago

It will be decrease in current year

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ANSWER

I was asking that why there is not a chapter of VALUATION OF GOODWILL

Posted by Ayush Patel 7 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A,B,Cand D wwere partners in a firm sharing profit in the ratio 3:2:3:2.On 1st April 2016 their balance sheet was as follows BALANCE SHEET Liabilities amt Assets amt Cr 90000 Fixed assets 825000 Workmen 25000 Current assets Compensation 300000 Capital A 200000 B 250000 C 250000 D 310000 1010000 -------------- ----------- 1125000 1125000 --------------- -------------- From the profile above date the partners decided to share the future profit in the ratio of 4:3:2:1.For this purpose the goodwill of the firm was valued at Rs.270000.It was also considered that 1. Claim against workmen compensation reserve will be depreciated by 25000. 2 The capital of the partners will be adjusted according to the new profit sharing ratio by opening current account of the partners . Prepare revaluation account, partners capital account and the balance sheet of the firm

Posted by Aishu Aishu 7 years ago

CBSE > Class 12 > Accountancy

2 answers

Mayank Garg 7 years ago

If you need full answer then contact me on Instagram @mgarg3230 I tell you in short now Goodwill will be divided in gaining to sacrifice ratio Then w.c. reserve have two ways whether you show in revaluation cr side or divide it in partners capital account and after all adjustment find the effect and the effect will be adjusted by current account

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Ishaa Yadav 7 years ago

Complete answer is required or u have any doubt?

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ANSWER

Chandra Gupta Ltd issued 10,000, 12% debentures of Rs 100 each at a discount of 5% payable as follows On application Rs 40 On allotment Balance Show the journal entries assuming that all the installments were duly collected. Also show the relevant portion of the balance sheet, if company had a balance of Rs 2,20,000 in securities premium reserve account.

Posted by Ambika Gupta 7 years ago

CBSE > Class 12 > Accountancy

1 answers

Mayank Garg 7 years ago

Bank account dr. 400000 To debenture application a/c. 400000 . . Debenture application account dr. 400000 To. % deb. 400000 Deb first and final call ac. Dr.. 600000 To. % debenture ac. 600000 Bank account dr. 550000 Discount on issue of deb. Dr. 50000 To. Deb first and final call 600000 If you have any doubt contact me on Instagram@mgarg3230

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ANSWER

What is the meaning of fixed cumulative preference?

Posted by Sunita Pitaliya 7 years ago

CBSE > Class 12 > Accountancy