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What will be the reason of dissolution of partnership firm? How are account settled in case of dissolution of partnership firm

Posted by Ayush Kumar 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Volume 1 chap 2 question no 51

Posted by Vaishali Choudhary 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Prepare balance sheet of recovery ltd. As per schedule 3 of the companies act 2013

Posted by Daljeet Singh 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Receipts subscription: 2019-20 (70%)8400 2020-21 (90%)216000 2021-22. 20000 244400 You are required to calculate the following : (i) Subscription in arrears for the year 2020-21. (ii) Subscription in arrears at the end of the year 2020-21.

Posted by Noora Saini 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Durga Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each at par. The amount was payable as follows: On Application Rs. 2 per share On Allotment Rs. 3 per share On First and Final Call Rs. 5 per share Applications were received for Rs. 2,80,000 shares. Applications for 30,000 shares were rejected and the money refunded. Allotment was made to the remaining applicants as follows. Category No. of Shares Applied No. of Shares Allotted I 1,50,000 85,000 II 1,00,000 15,000 Excess money received with applications was adjusted towards sums due on allotment and first and final call. All calls were made and were duly received except the final call by a shareholder belonging to Category I who has applied for 300 shares. His shares were forfeited. The forfeited shares were re-issued at a premium of 30% fully paid up. Pass necessary Journal entries for the above transactions in the book of Durga Ltd. Open Calls-in-arrears and calls in advance account wherever required.

Posted by Hardik Maan 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Amar Vineet Kamal are partners sharing profits in the ratio of 1/2, 3/10, 1/5 respectively. V retired from the firm and A and K decided to share future profits in 3:2 ratio. Calculate gaining ratio of A and K.

Posted by Sneha Sisodia 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

ᴏᴩ ɢᴀᴍᴇʀ 10 months ago

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ANSWER

Amal, Vimal and Rahul were partners in a firm sharing profits in the ratio of 2:2:1. The firm closes its books on 31 March every year. On 31-12-2015 Rahul died. On that date his capital account showed a credit balance of 3.80.000 and goodwill of the firm valued at 1.20000. There was a debit balance of 50.000 in the profit and loss account. Rahul's share of profit in the year of his death was to be calculated on the basis of the average profit of last five years was 75.000 Pass necessary Journal entries in the book of the firm on Rahul's death.

Posted by Aleena Mathew 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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State two occasions when a partnership firm is compulsorily dissolved. (

Posted by Zaid Ansari 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sneha Sisodia 2 years, 7 months ago

Following are the two situations when a partnership firm can be compulsorily dissolved: 1. When all the partners or all the partners except one become insolvent. 2. The happening of an event or any change in the government policies that makes the business of the firm unlawful.

ANSWER

2022-23 class12 ma kaise paper hoga first term and second term Ki jasa ga na ?

Posted by Shashank Mishra 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Divyanshi Kesherwani 2 years, 7 months ago

ni only final where you get all syallbus in one paper

ANSWER

Prepare income and expenditure account of baba deep Singh society for the year ended 31march2021

Posted by Karan Mongia 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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, h i Je per partner 1 by 21 by 31 / 6 respectively the balance sheet of form at 31st March 2018 for as follow

Posted by Aman Manuja 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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10. Akhil and Bimal are partners sharing profits in the ratio of 3: 2. Akhil gave loan to the firm of 1,00,000 R 1st October, 2021. On the same date, the firm gave loan to Bimal of 1, 00, 000 They do not have an agreement as to interest. Akhil had also given his personal property for firm's godown at a monthly rent of * 5,000. 1, 03, 00 (before above adjustments) for the year ended 31st March, 2022.show the distribution of profit for the year

Posted by Sris Malv 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Akhil had also given his personal property for firm's godown at a monthly rent of * 5,000. 1, 03, 00 (before above adjustments) for the year ended 31st March, 2022. Show the agreement as to interest. 10. Akhil and Bimal are partners sharing profits in the ratio of 3: 2. Akhil gave loan to the firm of 1,00,000 R 1st October, 2021. On the same date, the firm gave loan to Bimal of 1, 00, 000 They do not have an

Posted by Sris Malv 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Following information of malayalee club is given to you

Posted by Ramya S 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

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Ultimate sample paper

Posted by Shakshi Singhal 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Q-47 dk goel solution chapter cash flow statement

Posted by Alice Gupta 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

And Lata partner sharing profits the ratio in the ratio of 1:2 asha is entilled to a salary of 2 lakh pa in a commission of 8% of net profit before charging any commission letter is entilled to a commission 8% of net profit after changing her commission net profit for the year ended 31st March 2021 to the 5 lakh 40000 prepare a profit and loss and account

Posted by Yatharth Sharma 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Following information is from malayalee club

Posted by Gojo <3 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Divyanshi Kesherwani 2 years, 7 months ago

what is the information

ANSWER

When syallabus will come

Posted by Priyanshu 12 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Divyanshi Kesherwani 2 years, 7 months ago

read it

ANSWER

Tournament fund appears in the books Rs.15000 and expenses on tournament during the year were Rs.18000. How will you show this in format while preparing financial statement of a NPO?

Posted by Muskan Verma 2 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Alice Gupta 2 years, 7 months ago

It will shown in income and expenditure A/C of expenditure side - tournament expenses minus tournament fund... Because expenditure is greater than fund thatwhy it's shown in incomes and expenditure A/C

Anushri Sahu 2 years, 7 months ago

It will show in liability side dr. Tournament fund Less: tournament expenses.

ANSWER

Mrs vikas enterprises purchased a printing machine for rs.4,00,000 on 1 July 2016 and rs. 50,000 on its transportation and installation another machine for rs. 3,50,000 on 1jan,2018 dep. Is charged@ 20% p.a by using WDV method. On 1 oct 2018 1st machine was sold off for rs. 1,85,000. Prepare machinary a/c upto 31 March 2020.

Posted by Nishi Jangir 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Why subscription advance in beginning is add

Posted by Robin Kumar 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Krishna Parashar 2 years, 7 months ago

subscription received in advance in the beginning is added because it is received or it belongs to the current year

ANSWER

E f and g are partners in the firm sharing ratio 3:2:1

Posted by Annu Kumari 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

E F And G are partners I the firm sharing ratio 3:2:1

Posted by Annu Kumari 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Following information of Malayalee Club is given to you: Particulars. Subscription in arrears on 31 March, 2020 Subscription received in advance on 31/3/2020 Total subscription received during the year ending 31/3/21(including 1,80,000 for 2019-20 2,50,000 1,50,000 and 2,50,000 for 2021-22) Subscription outstanding on 31/3/2021 35,50,000 5,50,000 (a) Calculate the amount of subscription outstanding for the year 2020-21. (b) What is the amount of subscription received on 2020-21 for the year 2020-21? 3 (c) Calculate the amount of subscription to be credited to Income & Expenditure a/c for the year ending 31/3/21.

Posted by Simranjit Kaur 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Rahul start business of rs 300000

Posted by Arbin Kispotta 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Pass necessary journal entries and prepare 9% debenture account for the issue of 7500, 9% debenture of 50 each at a discount of 6% redeemable at a premium of 10%.

Posted by Shubhi Gupta 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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ANSWER

From the following Receipts and Payments Account of Kool Welfare Club, Prepare Income and Expenditure Account for the year ended 31st March 2021: Receipts And Payment A/c - To Balance b/d: 42500 To Subscriptions: 2018-19 1,500 2019-20 60,000 2020-21 1,800: 63300 To Proceeds from Charity show (Included 1,700 of last year): 81700 By Salaries: 33500 By Printing: 23000 By Sports Material: 21000 By Furniture (1.10.2020) 20000 By 10% Investment (1.10.2020) 70000 By Balance c/d: 20,000 Additional Information : Depreciation to be provided @ 20% p.a. on Furniture.

Posted by Sneha Sisodia 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

From the following Receipts and Payments Account of Kool Welfare Club, Prepare Income and Expenditure Account for the year ended 31st March 2021: Receipts Amount Amount Payments rio roe To Balance b/d To Subscriptions: 9 2018-19 1,500 2019-20 60,000 2020-21 1,800 To Proceeds from Charity show9 (Included 1,700 of last year) 42,500 By Salaries By Printing & By Sports Material By Furniture (1.10.202014 63,300 By 10% Investment (1.10.2020) 81,700 By Balance c/d 33,500 23,000 21,000 20,000 70,000 20,000 De 1,87,500 1,87,500 Additional Information : Depreciation to be provided @ 20% p.a. on Furniture.

Posted by Sneha Sisodia 2 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sneha Sisodia 2 years, 7 months ago

This question is wrong please don't answer it

ANSWER

During the year 2015, subscriptions received by a sports club were Rs. 80,000. These included Rs. 3,000 for the year 2014 and Rs.6,000 for the year 2016. On March 31, 2016 the amount of subscriptions due but not received was Rs.12,000. Calculate the amount of subscriptions to be shown in Income and Expenditure Account as income from subscription.

Posted by Saumya Dwivedi 2 years, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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