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Dev Ltd. Is registered with an authorized capital of 4000000 divided in equity shares of 10 each. Subscribe and fully paid up capital of company was 20,00,000.the company decided to issue 50000 equity shares of 10 each and 20000,11% debentures of 100 each.the debrntures redeemable after 5 years.the issue of equity shares and debrntures was fully subscribe. A shareholder holding 1000 shares fail to pay the final call or 2 per share.

Posted by Shivani Sheikh 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Meaning of buyback of shares

Posted by Anand Lamba 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Paakhi Ahlt 8 years, 2 months ago

Purchasing your own shares

ANSWER

Sacrificing ratio

Posted by Shubham Chaudhary 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 2 months ago

Old share - New share ( after admission of new partner ,old partner give their share to new partner and to calculte that share we have to find sacrificing ratio of old partners)

ANSWER

What to do with existing goodwill?

Posted by Asaf Pathan 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 2 months ago

Distribute between old partners in old ratio it means it will be write-off

ANSWER

Is it is a rule in cash flow if no adjustment is given about issue or redemption than its interest was calculated on opening balance.

Posted by Muskaan Suri 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Raturi 8 years, 2 months ago

We can give a note and then take any balance to calculate interest

ANSWER

C and D are partner in a firm.C has contributed 100000 and D 60000 as capital. Interest is payable@ 6%p.a and D is entitled to a salary of rs 300 per month . in 2016-17 .the profit was Rs 80000 before interest and salary.divide the amount between C and D.

Posted by Shekhar Kumar 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 2 months ago

C = 33400 , D = 33400

ANSWER

Bricks Ltd.forfeited 800 shares of Rs 10 each fully paid up, on which the holder has paid only the application money of Rs 3 per share .out of these 500 shares were reissued at Rs 11 per share, fully paid up.

Posted by Naman Agrawal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Ria Munjal 8 years, 2 months ago

Share capital a/c..................Dr. 8000 To share forfeiture a/c. 2400 To capital reserve a/c. 5600 Bank a/c................................Dr. 5500 To Share capital a/c. 5000 To Security premium reserve a/c. 500 Share forfeiture a/c..............Dr. 1500 To capital reserve. 1500

Ria Munjal 8 years, 2 months ago

Pr 1500 kyu

Ria Munjal 8 years, 2 months ago

(1) Share capital A/c.....................Dr 8000 To share forfeiture a/c. 2400 To calls in arrear a/c. 5600 (2) Bank A/c...................................Dr 8800 To share capital a/c. 8000 To security premium resrve a/c. 800 (3) share forfeiture a/c...................Dr 35000 To capital reserve a/c. 35000 Working note 1. Amount of forfeiture on 500 shares 5600÷800×500 =3500

Sonal Jawla 8 years, 2 months ago

Capital reserve will RS. 1500

ANSWER

Six friends started a partnership business by investing rupess 2 lakhs .tgey decided to share profit ewually name the terms by which they will be called insividually and collestivly.

Posted by Kml Sandhu 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Nisha Deshwal 8 years, 2 months ago

Individually=partner , collectively=Firm

Arihant Jain 8 years, 2 months ago

Individually they are called partner and collectively they are called firm

ANSWER

Prepare necessary account ing voucher

Posted by Nadir Khan 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Acc project

Posted by H H 8 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Nisha Deshwal 8 years, 2 months ago

YouTube se...

Nisha Deshwal 8 years, 2 months ago

I think so, meko toh yaad hi ni Tha project me Kya krna h mne to same to same chape Diya ...?

H H 8 years, 2 months ago

Project is same for school na

Nisha Deshwal 8 years, 2 months ago

Watch on YouTube accountancy project by sunidhi gupta

ANSWER

What is meant by capital reserve

Posted by Anushka Sinha 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Manish Bansal 8 years, 2 months ago

It is not free to distrubute it as dividend.

Shraddha P 8 years, 2 months ago

Capital reserve refers to reserve which are made from capital gain and use to cover capital loss

ANSWER

Particulars. Amar ltd. Akbar ltd. Rs. Rs. Capital Employed. 25,00,000. 30,00,000 Net profit before tax. 5,30,000 6,00,000 Revenue from opt. 26,50,000. 29,00,000 Tax rate 50% Compare the profitability n efficiency of two co. N suggest which one of them is better

Posted by Harshit Iyer 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

If in accounts , a question based on fixed capital is given and question tells you to show patners capital a/c , then are you required to show patners current account?

Posted by Ujjwal Singh 8 years, 2 months ago

CBSE > Class 12 > Accountancy

3 answers

Robin Sahni 8 years, 2 months ago

No. capital manga h to capital a/C hi show kro.

Rahul Mehra 8 years, 2 months ago

Yoo

Nisha Deshwal 8 years, 2 months ago

Yes

ANSWER

What is another name of revaluation account?

Posted by Md Kashif 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 2 months ago

Profit and loss adjustment account

ANSWER

Guaranteed by partner or guaranteed by firm is same or not??????

Posted by Ansh Jain 8 years, 2 months ago

CBSE > Class 12 > Accountancy

5 answers

Vinay Maheshwari 8 years, 2 months ago

No

Nisha Deshwal 8 years, 2 months ago

No Rahul

Sachin Dhiran 8 years, 2 months ago

Not because by partner only single person is reponsible to pay guaranteed amount and by firm it includes more than 1 partner or may be

Rahul Raturi 8 years, 2 months ago

Nisha u also join the commerce group

Nisha Deshwal 8 years, 2 months ago

Not

ANSWER

What is cash and cash equivalent ?

Posted by Dhiraj Kumar 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Sumit Shukla 8 years, 2 months ago

It includes cash , bank, Short term investment, /marketable security

ANSWER

Are yrr Delhi se kon kon belong krta h mujje accounts me help chahiye

Posted by Md Aftab 8 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Md Aftab 8 years, 2 months ago

are Nisha tum smjhi ni meri baat ab koi concept clear nhi hoga to kya yaha smjhaogi btao

Nisha Deshwal 8 years, 2 months ago

Ok...?

Rahul Raturi 8 years, 2 months ago

Haha but may be kuch concept ese h jo yha ni smjaye ja sakte isliye

Nisha Deshwal 8 years, 2 months ago

Sirf Delhi walo ko hi tumhari prblms aat h Kya?

ANSWER

What is the meaning of profitability

Posted by Rahul Pandey 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Advertisement suspense account is loss or profit

Posted by Preeti Saroha 8 years, 2 months ago

CBSE > Class 12 > Accountancy

3 answers

Pari Jain 8 years, 2 months ago

Losd

Md Aftab 8 years, 2 months ago

Yes you are right

Nisha Deshwal 8 years, 2 months ago

Loss

ANSWER

What is the difference b/w financial enterprise and nonfinancial enterprise???

Posted by Sonu Pandey 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Shubham Rajourh 8 years, 2 months ago

Financial enterprise work to earn profits but non financial work for social welfare like ngo

ANSWER

On 2.3.2016 L and B Ltd. Issued 635, 9% debentures of Rs. 500 each. Pass the necessary journal entries for the issue of Debentures, in the following situation : (a) When debentures were issued at 5% discount, redeemable at 10% premium. (b) When debentures were issued at 12% premium, redeemable at 6% premium.

Posted by Vikas Sharma 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Ria Munjal 8 years, 2 months ago

(A) Bank a/c..............................Dr 301625 Loss on issue of Deb.a/c..Dr 47625 To deb. Application and allotment a/c. 317500 To premium on Redumption of deb. A/c. 31750 (B) Bank a/c...............................Dr 355600 Loss on issue of Deb. A/c..Dr 19050 To deb. Application and Allotment A/c. 317500 To security premium Reserve A/c. 38100 To premium on. Redumption of deb. A/c. 19050

ANSWER

A group of 40 people wants to form a partnership firm. They want your advice regarding the maximum number of persons that can be their in a partnership firm and the name of the act number whose provision it is given

Posted by Vikas Sharma 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Aryan Mittal 8 years, 2 months ago

Companies act 2013

Gulab Chhabra 8 years, 2 months ago

200is the maximum persons can form a partnership firm but i don't know act

ANSWER

Examination questions

Posted by Yash Mittal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How does the factor 'Location' affect Goodwill of a firm

Posted by Anurag Prasad 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Karishma Kandoi 8 years, 2 months ago

if an enterprise is located near the market it will have esay access to the costumers therefore goodwill is likely to be higher .. not sure ..may be i m correct ??

ANSWER

Please tell me from where i can get computerized Accounting part B book of class 12 ? Any Publication ?

Posted by Naved Anjum 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Datasheet..

Posted by Adarsh Meena 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Nishu Singh 8 years, 2 months ago

5/3/18 - English 9/3/18 - Business Study 15/3/18 - Accountancy 26/3/18 - Economics 9/4/18 - Physical Education

ANSWER

In flow of money

Posted by Prabhat Lakta 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

When partner retired than what will be entry will be passed of goodwill

Posted by Ankush Kumar 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Ravi Rajput 8 years, 2 months ago

Gaining partners'capital a/c dr. To retiring partner ' a/c

Manish Bansal 8 years, 2 months ago

Remaining partner' capital a/c .........Dr. To retiring partner's capital a/c

ANSWER

On 31 March 2016 G Ltd had rs. 800000 ;9% Deb. Due for redemption. The company had a balance of rs. 140000 in its dry pass necessary journal entries

Posted by Shivani Gandhar 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Ravi Rajput 8 years, 2 months ago

1). Statement of Profit and Loss a/c ..dr Rs60000 Todrraccount......rs60000 2). 9%debentures account dr800000 To debenture holder's account 800000 Debentures holder's account dr 800000 To bank account 800000

ANSWER

Marking scheme of all subjects chapter wise and omitted topics

Posted by Tanya Bhatia 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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