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

If question is silent about the treatment of over subscribed money, Excess money received on application will be adjusted only on allotment and the balance will be refunded.

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P and q were partners sharing profits in the ratio 7:5 they admitted r into partnership for 1/4s share p and q decided to share profits/ losses equally what is the premium for goodwill if q gets 20000 as share of premium?

Posted by Sanya Arora 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Sakshi Jain 7 years, 3 months ago

Total goodwill of the firm = 50000 P's share = 20000 Q's share = 20000 R's share = 10000

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B and C were Partners in a firm sharing profits and losses in the ratio of 4:3. They admitted D as a new partner for 1/4th share in the profits which he acquired from B and C in 3:4 ratio. D brought ₹1,80,000 for his capital and ₹42,000 for his1/4th share in goodwill. Calculate new profit ratio of B,C and D and pass necessary journal entries for the above transactions on D's admission in the books of the firm.

Posted by Amit Pandey 7 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Sakshi Jain 7 years, 3 months ago

New Profit sharing ratio = 13 : 8 : 7 Cash A/c Dr. 2,22,000 To D's capital A/c. 180000 To D's PFG. A/c. 42000 (Being D's capital and pfg brought) D's PFG A/c Dr. 42000 To B's capital A/c. 18000 To C's capital A/c. 24000 (Being PFG distibuted in sacrificing ratio)

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A company issued 20,000 shares of Rs. 100 each issued at premium of Rs. 20 payable as application Rs 30 , Allotment Rs 50 and balance in two equal installments .All sum were received except first and final call on 200 shares . His shares were forfeited and reissued at Rs 100 . Journalise

Posted by Aship Barwa 7 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A limited company bought a building for 900000 and the consideration was paid by issuing 10% debentures of the nominal (face) value of 100 each at a discount of 10%

Posted by Divya Rana 7 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Pankhuri Dokania 7 years, 3 months ago

Vendor's A/c Dr.900,000 Discount on Debentures A/c Dr.100,000 To 10%Debentures A/c 1000,000 (Issue of 10,000 debentures of Rs 100 each at 10%discount ).

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Forfieture

Posted by Komal Sharma 7 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Sakshi Jain 7 years, 3 months ago

If any shareholder can't pay his due of any call then the director cancel his share is known as forfieture of share.

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Pratima Verma 7 years, 3 months ago

It means the cancellation of shares .. who doesn't pay the call money......

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Aship Barwa 7 years, 3 months ago

Forfeiture of shares means cancelling the shares for non- payment of calls due

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What do you mean by face valie

Posted by Pritam Kumar 7 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Sakshi Jain 7 years, 3 months ago

It is a value of one share . At which vaule the shareholder subscribe one share is kown as face value.

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Aship Barwa 7 years, 3 months ago

Face value means nominal value of a particular share

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ANSWER

What is private placement memorandum.

Posted by Parveena Banu 7 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

https://play.google.com/store/apps/details?id=com.application. Download onead app from your playstore to earn Paytm money use refferal code for ₹15 Bonus 89RZQTBK. Your referral code for registration is 89RZQTBK.

Posted by Zerrel Rock 7 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Download onead app from your playstore to earn Paytm money use refferal code for ₹15 Bonus 89RZQTBK. Your referral code for registration is 89RZQTBK.

Posted by Zerrel Rock 7 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Mohan started a business with cash

Posted by Amit Amit 7 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Kavya Kavya R L 7 years, 3 months ago

Cash a/c.............Dr To Capital a/c

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ANSWER

Please tell me the weightage of numerical and theoretical marks in accountancy subject

Posted by Pardeep Kaur 7 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Pratima Verma 7 years, 3 months ago

Only 7-9 marks theory left one numerical marks..

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Kavya Kavya R L 7 years, 3 months ago

Total 100 marks

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on 1 april 2018 an existing firm had assets of rs 75000 excluding cash rs 5000 the partner capital ac showed a balance of rs 60000 and reserve constituted the rest if the normal rate of ventures is 10 %and goodwill of the firm is valued at rs 24000 at 4 yera purchase of super profit find the avarage profit of the firm

Posted by Roshan Kumar 7 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Alisha Aryan 7 years, 3 months ago

Goodwill:-superprofit*no of years purchase 24000=superprofit*4yeaes Superprofit=24000/4=6000 Normalprofit=capital employed*nnr 75000*10/100=7500 Superprofit=averageprofit-normalprofit 6000=averageprofit-7500 Averageprofit=13500

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Kavya Kavya R L 7 years, 3 months ago

Good: Average profit *Number of years of purchases 24000*4:: 96000

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ANSWER

A,B,C are partners in proportions of 3:2:1 .D admitted in the firm as a new partner with 1/6 share. Claculate NPSR

Posted by Lovish Narang 7 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Muskan K 7 years, 3 months ago

New ratio will be 15:10:5:6

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ANSWER

Is it compulsory to prepare notes to accounts in chapter share capital Plz tell

Posted by Khushi Bhargav 7 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Pankhuri Dokania 7 years, 3 months ago

Not necessary and if it is written in the questions to make notes to account, then it is compulsory.

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ANSWER

topics included in company accounts

Posted by Nikita Malav 7 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Aship Barwa 7 years, 3 months ago

Accounting for Non profit organisation

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Kavya Kavya R L 7 years, 3 months ago

GAAP , Corporate accounting

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Riya Jain 7 years, 3 months ago

No idea

3Thank You

ANSWER

Show how would you deal with the following items in the final accounts of a club:

Posted by Lovepreet Gill 7 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Can we prepare balance sheet without revaluation and capital account

Posted by Arslan Khan 7 years, 3 months ago

CBSE > Class 12 > Accountancy

4 answers

Kavya Kavya R L 7 years, 3 months ago

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Pankhuri Dokania 7 years, 3 months ago

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Aarushi Arora 7 years, 3 months ago

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Vinay Kumar 7 years, 3 months ago

No.

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If an intangible asset is given in the balance sheet and there is no other information about it. What will be acccounting treatment in the case of dissolution of partnership

Posted by Prachi Bhavya 7 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Deepak Kohli 7 years, 3 months ago

Then if adjustment is given only then Assets will realise (without adjustment assets will not realise)

2Thank You

Deepak Kohli 7 years, 3 months ago

All the intangible assets will go Debit side of Realisation Account

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ANSWER

Deepika and rajshree are partners in a firm sharing profit and losses in the ratio of 3:2. On 31st March 2018 their balance sheet was

Posted by Anugya Chaudhary 7 years, 3 months ago

CBSE > Class 12 > Accountancy

4 answers

Kavya Kavya R L 7 years, 3 months ago

This question is incomplete

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Riya Jain 7 years, 3 months ago

At least question to poora do yrrr

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Shashi Ramachandran 7 years, 3 months ago

incomplete question

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Deepak Kohli 7 years, 3 months ago

What u want to know

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Retirement of partner

Posted by Anshul Mittal 7 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Aryan 7 years, 3 months ago

Retriment of partner means retring from the frim i..e ceasing to be a partner of the frim . A partner may retire from the frim:- If there is a agreement to that effect If all the partner agree to his retriment: or If the partnership Is at will by giving a written notice to all the other partners of his decision to retire.

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Chapter computerized accounting is not there

Posted by Vivek Gupta 7 years, 3 months ago

CBSE > Class 12 > Accountancy