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what is the treatment of bad debts in case of provision for doubtful debt is given.

Posted by Ujjwal Singh 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Gk Verma 8 years, 1 month ago

Bad debts wld be deducted from debtors nd prov. Fr b/d wld remain same if thr.s no info. Fr these alone.

1Thank You

ANSWER

In cash flow operating activity full format

Posted by Poorvi Jain 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Anjali Yadav 8 years, 1 month ago

First written cash flow from operating activity than second line net profit before tax next line adjessstment of non cash and non operating activity next add like deposit loss on sale

0Thank You

ANSWER

How to make prorata

Posted by Arpit Baller 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Liji Anna 8 years, 1 month ago

Pro-rata in its accounting sense means to allot shares to all the applicants applying for a category of shares. For example if 2 people have applied for 2000 shares when the company has issued for subscription only 1000 shares, on pro rata allotment, instead of allotting 1000 shares to only one person, the company allots shares to both the persons proportionally i.e 500 to each. This implies that each person who applies for a company's shares gets some allotment. And the excess money received on application(for which allotment is not done) is adjusted towards further calls.

2Thank You

ANSWER

How To Easily Answer Value Vased Quetions In Accounts Can I Get Any Key Answers For Specific Details Mentioned In The Question

Posted by Kanishak Kakkar 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Liji Anna 8 years, 1 month ago

In order to effectively answer value based questions mere knowledge of some english adjectives which are applicable in the given situation is enough.

0Thank You

ANSWER

Cal debtor tunrover ratio Opening debtor 100000 Cash sale 25%of cr sale Total sale 300000 Opening dr are 60000 more than closing dr

Posted by H H 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

H H 8 years, 1 month ago

Koi answer de do

0Thank You

ANSWER

Find the value of current asset and current liablity if current ratio is 2.5:1 and iventory value is 78000 Please give answer fastly

Posted by H H 8 years, 1 month ago

CBSE > Class 12 > Accountancy

3 answers

H H 8 years, 1 month ago

Nhi

0Thank You

Vaidehi Saraf 8 years, 1 month ago

Vaise CA=2.5CL

0Thank You

Vaidehi Saraf 8 years, 1 month ago

Isme aur koi ratio nhi given kya

0Thank You

ANSWER

What is prefrece share

Posted by Vaishanavi Mishra 8 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is a difference between capital reserve and reserve capital ??

Posted by Akshit Jain 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

Key Difference Between Capital Reserve and Reserve Capital

A portion of profit set aside that can be used for specific purposes only is known as Capital Reserve. Reserve Capital is that form of uncalled share capital that can be called up by the company only in the event of the liquidation of the company.
Capital Reserve the result of accumulating capital profit, whereas Reserve Capital is created out of authorized capital.
On the equity & liabilities side of the Balance Sheet, Capital Reserve appears under the head Reserves & Surplus. Unlike Reserve Capital, which is not disclosed at all.
There is a compulsion in the creation of capital reserve by every company which is not in the case of reserve capital.
For the creation of reserve capital, the special resolution should be passed by the company at Annual General Meeting (AGM).
Capital Reserve has various uses like writing off fictitious assets, or capital losses, etc. but Reserve Capital is used only when the company goes into liquidation.

0Thank You

ANSWER

Sir compartment ka paper nhi hai

Posted by Raja Dwivedi 8 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How prepaid salaries are recorded in revaluation account?

Posted by Pranjal Purkayastha 8 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Vaidehi Saraf 8 years, 1 month ago

If there is no change in prepaid salary it is not recorded.

0Thank You

Shivam Jaiswal 8 years, 1 month ago

I think it will be recorded in credit side

0Thank You

ANSWER

Astha and gomti are partners in a firm sharing profit and losses i the ratio of 2:1 their capital a/c as on 1 april 2011 stand at rs 70000 and rs 30000 respectively the partesrs are allowed interest on capital @10% p.a the drawings of the partners during the year ended 31st march 2012 amounted to rs 4800 and rs 3600 respectively interest charged on drawings at the rate of 10 % p.a. astha has given a loan to firm as on november 2011 of rs 20000 the profit of the firm before above adjustment was rs 80000 10 % of this profit is to be kept in reserve account Current a/c balances ob 1st april 2011 were astha rs 5000 cr gomti rs 23000 dr prepare p/l appropriate a/c

Posted by Praveem Nayak 8 years, 1 month ago

CBSE > Class 12 > Accountancy

4 answers

Sakshi Sodey 2 years, 3 months ago

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78Thank You

Harsh Agrawal 5 years, 2 months ago

astha and gomti are partners sharing profits in the ratio 2:1 their capital ac stood at

48Thank You

Rajesh Goel 6 years, 1 month ago

can u make the account

33Thank You

Shivam Jaiswal 3 years, 3 months ago

Profit of ashtha was 41748 and gomti was 20874

43Thank You

ANSWER

Bank overdraft's treatment in cash flow

Posted by Ravneet Singh 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sirat Sidhu 8 years, 1 month ago

Increase in bank overdraft is inflow of cashand added in financial activities while decrease is outflow thus subtracted in financial activities

3Thank You

ANSWER

What is the use of scanner in book?

Posted by Shubham Kashyap 8 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Shubham Kashyap 8 years, 1 month ago

Achaa bhai

0Thank You

Davinderpal Singh 8 years, 1 month ago

for solving the past years question for preparing board exams

1Thank You

ANSWER

Sir/Mam, Can i attempt Section II(Computing Accounting) in CBSE board?

Posted by Badal Kumar 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Innocent Girl 8 years, 1 month ago

if u know then u attempt otherwise not

0Thank You

ANSWER

What is remuneration where tis entry do it

Posted by Anjalu Rawat 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sirat Sidhu 8 years, 1 month ago

It is a form of salary given to a person for work done

1Thank You

ANSWER

What is the treatment of overvalued and undervalued patents?

Posted by Divya S 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sirat Sidhu 8 years, 1 month ago

Overvalued means decrease while undervalued means increase , overvaluation of patents on debit side while undervaluation on credit side of revaluation

3Thank You

ANSWER

On 1 st April 2014 ABC Ltd issued 10000 12% debenture of rs 100 each at a discount of 5% redeemable as follows 31 march 2015 - 2000 31 march 2016 - 3000 31 march 2017 - 3000 31 march 2018 - 2000 Pass the necessary journal entry and prepare loss on discount on issue of debenture a/c

Posted by Anas Khan 8 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the treatment of interest on bank overdraft in cash flow statements?

Posted by Samridhi Jain 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sirat Sidhu 8 years, 1 month ago

It is added in operating activities and subtracted in financing activities

1Thank You

ANSWER

Meaning of the Contingent liability

Posted by Hritanshu Sharma 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Vaidehi Saraf 8 years, 1 month ago

The liability which arise suddenly

1Thank You

ANSWER

Can I get Dk goel Solutions?

Posted by Pooja Yadav 8 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is debit?

Posted by Sandhya Mahesh 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Abhishek Relan 8 years, 1 month ago

Debit what comes in

0Thank You

ANSWER

What is Single entry system

Posted by Probit Naiding 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sirat Sidhu 8 years, 1 month ago

When every adjustment has or given single effect only

0Thank You

ANSWER

Unsolved question paper of accuntancy

Posted by Ajay Saxena 8 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Ali,Bimal and Deepak are partners in a firm.On first April,2011their capital accounts stood at ₹400000,₹300000and200000 respectively. They shared profits and losses in the proportion of5:3:2. Partners are entitled to interest on capital @10%per annum and salary to Bimal and deepak@2000per month and 3000,per quarter respectively as per the provision of the partnership deed. Bimal's share of profit (excluding int.on cap. But including salary) is guaranteed at a minimum of 50000 p.a. Any deficiency arising on that account shall be met by Deepak. The profits of the firm for the year ended 31st mar,2011 amounted to ₹200000. Prepare P/L App. A/c for the year ended on 31st mar 2012.

Posted by Kaushikee Patel 8 years, 1 month ago

CBSE > Class 12 > Accountancy

4 answers

Sirat Sidhu 8 years, 1 month ago

Something is wrong in qyes

0Thank You

Karnika Agrawal 8 years, 1 month ago

Is it correct ?

1Thank You

Karnika Agrawal 8 years, 1 month ago

Ali's share of profit= rs. 37000 and bimal's share = rs. 26000 and deepak's share = rs. 11000

0Thank You

Harsh Rana Rana 8 years, 1 month ago

Tffdtgfg

8Thank You

ANSWER

Some tips for company accounts

Posted by Rohan Roy 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Riya Ahuja 8 years, 1 month ago

Use youtube

0Thank You

ANSWER

All journal entries related to dissolution in partnership...

Posted by Arushi Gupta 8 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Cash flow statement Non operating items Non cash

Posted by Afrideen Seraj 8 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Vinay Bhadana 8 years, 1 month ago

Depreciation of fixed assets, Goodwill written off ,patents written off ,provision for doubtful debts, loss on sale of fixed assets, profit on sale of fixed assets, dividend received, income received etc.

1Thank You

ANSWER

Accounting for partnership firm , ch3 question no 30

Posted by Priya Bhootra 8 years, 1 month ago

CBSE > Class 12 > Accountancy