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Plant A/C Dr..6,00,000 To Vendor A/C ..6,00,000 No. Of debenture issued = 6,00,000÷120=5000 (100+20 premium) Vendor A/C Dr.. 6,00,000 (5000×100)To9% deb A/C 5,00,000 (5000×20)To security premium 1,00,000

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Explain various components of f s and npo

Posted by Sardar Khan 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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How will be the following items shown in the balance sheet of a raghunath sports club

Posted by Shrutidhruv Malik 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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XYZ Ltd.involved in manufacturing electronic goods.Company purchased a Machinery for Rs. 18 00 000.Company also received divided of Rs.1 00 00 000 on investment in shares.The company also sold an old machine costing Rs. 6 00 000 (Accumulated Depreciation thereon Rs.1 50 000) at a loss of 20%.Compute Cash flow from Investing Activities.

Posted by S. K 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Frm the following statement of profit n loss of star ltd.for the year ended on 31st March 2020 and 2014 prepare a comperative statement of profit and loss

Posted by Ap Diphungaolou 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Naina Goyal 2 years, 7 months ago

Question complete nhi h

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Furniture purchase for 100000 , 80000 was on loan and 20000 was paid by cash . How this will effect on cash flow?

Posted by Ashi Sharma 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Subscription received during year 50000

Posted by Husan Preet 2 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Husan Preet 2 years, 8 months ago

Question ❓

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B ltd issued 9% of 100₹ each at a premium of 20% to vendor for purchase of plant costing 600000 Pass the journal entry for payment made to vendor

Posted by Kiranveer Kaur 2 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Arun Singla 2 years, 8 months ago

Vendor a/c dr. 600000 To security premium a/c 100000 To 9%debenture a/c 500000

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Teesha Dharmshalani 2 years, 8 months ago

Bank a/c dr. To sh. Allot and application

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Following is the balance sheet ofx ltd as on 31st march 2018

Posted by Aisha Tamang 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Husan Preet 2 years, 8 months ago

Question ❓

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Madhuri and Arsh were partners in a firm sharing profits and losses in the ratio of 3 : 1. Their Balance Sheet as at 31st March, 2019, was as follows: Balance Sheet of Madhuri and Arsh as at 31st March, 2019 Liabilities Amount (₹)Assets Amount (₹)Capitals: Machinery 4,70,000Madhuri3,00,000 Investments 1,10,000Arsh2,00,0005,00,000Debtors1,20,000 Workmen’s Compensation Fund 60,000Less: Provision for doubtful debts10,000 Creditors 1,90,000Stock 1,40,000Employees’ Provident Fund 1,10,000Cash 30,000 8,60,000 8,60,000On 1st April, 2019, they admitted Jyoti into partnership for th share in the profits of the firm. Jyoti brought proportionate capital and ₹40,000 as her share of goodwill premium. The following terms were agreed upon: Provision for doubtful debts was to be maintained at 10% on debtors. Stock was undervalued by ₹10,000. An old customer whose account was written off as bad, paid ₹15,000. 20% of the investments were taken over by Arsh at book value. Claim on account of workmen’s compensation amounted to ₹70,000. Creditors included a sum of ₹27,000 which was not likely to be claimed. Prepare Revaluation Account, Partners’ Capital Accounts, and the Balance Sheet of the reconstituted firm. Posted by Meet Gosai 1 year, 5 months ago

Posted by Monika Gehlot 2 years, 7 months ago

CBSE > Class 12 > Accountancy

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Parul and Aruna school time friends

Posted by Skina_15.24 Xalxo 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Parul and Aruna school friends

Posted by Skina_15.24 Xalxo 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Following are the balance sheet of seerat limited on 31march 2021

Posted by Chinky Verma 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Simar, Raja and Rita were partners in a firm sharing profits and losses in the ratio of 2:2: 1. The firm was dissolved on 31st March, 2019. After the transfer of assets (other than cash) and external liabilities to the Realization Account, the following transactions took place : (1) A debtor whose debt of ₹90,000 had been written off as bad, paid 288,000 in full settlement. (II) Creditors to whom 1,21,000 were due to be paid, accepted stock at 271,000 and the balance was paid to them by a cheque. (ili) Raja had given a loan to the firm of 218,000. He was paid 17,000 in full settlement of his loan. (iv) Investments were 53,000 out of which investments worth 43,000 were taken over by Simar at 252,000 and the balance of the investments were sold for ₹12,000. (v) Expenses on dissolution amounted to 19,000 and the same were paid by the firm. Pass the necessary journal entries for the above transactions in the books of the firm.

Posted by Aarti Singh Rajput 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Following Information is provided by vinod welfare club on 31 marcg 2021 Subcription : 2019-20 ( 70%) 8400 2020-21 (90%) 216000 2021-22 20000 TOTAL = 244400

Posted by Ruchika Arora 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Following is the Receipt and Payment Account of Women's Welfare Club for the year ended 12 To Proceeds of Charity Show 1.65.000 By Expenses on Charity [5] 1.29,000 Show To Interest on Investments @ 10% for fill year 70.000 By Newspapers 10,000 To Sundries Income 4,000 By Lectures Fee 1.65,000 By Honorarium to Secretary 1,20,000 By Cash in Hand 20,500 By Cash at Bark 2.50.000 13.12.000 Additional Information: 13,12.000 Particulars 1st April 2018 (*) 31st March 2019 () Outstanding Salaries 12,000 18.000 Insurance Prepaid 7.000 3,000 Subscription Outstanding 37,500 25,000 Subscription received in advance 17,500 10,000 Electricity charges outstanding 12.500 Stock of Stationery 22.500 7,000 Equipments 2.56.000 5.02.000 Building 12,00,000 11.40,000 Prepare Income and Expenditure Account for the year ended 31st March, 2019 and Balance Sheet as on that date

Posted by Ff Ghiff 2 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Ff Ghiff 2 years, 8 months ago

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From the following information determine the amount to be debited to stationery account in income and expenditure account for the year ended 31 march 2020 Stock of stationary on 1 april 2019 Rs . 30,000 Creditor stationary on 1 april 2019 Rs 20,000 Amount paid for stationary during the year ended 31 march 2020 Rs 1,08,000 Stock stationary on 31 march 2020 Rs 5,000 Creditor for stationary on 31 march 2020 Rs 13,000

Posted by Vibhav Shinde 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Madhuri and Arsh were partners in a firm sharing profits and Their Balance Sheet as at 31 ^ (st) * M * a * r * c * h 2019, was as follows: losses in the ratio of 3: 1. Balance Sheet of Madhuri and Arsh As on 31 ^ (st) March, 2019 4 Assets Amount (3) Liabilities Amount () 4,70,000 1,10,000 Capital Madhuri Arsh 1,20,000 2,00.000 Machinery Investments 5,00,000 Debtors Less: Provision for doubtful 60,000 debts Workmen's Compensation Fund (10,000) 1,10,000 Creditors Employees' Provident Fund 1,90,000 Stock 1,10,000 8,60,000 Cash 1,40,000 30,000 8,60,000 On 1 ^ (st) April, 2019, they admitted Jyoti into partnership for 1 / (4 ^ (th)) share in the profits of the firm. Jyoti brought proportionate capital and 40,000 as her share of goodwill premium. The following terms were agreed upon; (i) Provision for doubtful debts was to be maintained at 10% on debtors. (ii) Stock was undervalued by 10,000. (iii) An old customer whose account was written off as bad, paid 15,000.. (iv) 20% of the investments were taken over by Arsh at book value. (v) Claim on account of workmen's compensation amounted to 70,000. (vi) Creditors included a sum of 27,000 which was not likely to be claimed. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm.

Posted by Akshat Rawat 2 years, 8 months ago

CBSE > Class 12 > Accountancy

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Posted by Akshat Rawat 1 year, 9 months ago

CBSE > Class 12 > Accountancy

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