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Kamal and kaoil are partners having fixed capital of Rs 500000 each as on 31 march 2016m.mkamal introduced futher caoitqk of Rs 100000 on 1 oct 2016 whareas kapil withdrew Rs100000 on 1 oct 2016 out of capital . Interest on capital is to be allowed @10% p.a The firm earned net profit of Rs 600000 for the year ended 31 march 2017 Prepare p and l a/c

Posted by Pratibha Parashar 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Difference between capital reserve and reserve capital

Posted by Sahil Mehta 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 9 months ago

BASIS FOR COMPARISON	CAPITAL RESERVE	RESERVE CAPITAL
Meaning	The profit earned by the company through special transaction, that is not available for distributing dividend to shareholders is known as Capital Reserve.	The part of uncalled capital, that is called up only on the event of company's liquidation is known as Reserve Capital.
Created out of	Capital profits	Authorized capital
Disclosure	On the equity & liabilities side of the balance sheet under the head Reserve and Surplus.	Not disclosed at all
Need of creation	Mandatory	Voluntary
Specific condition	No such conditions	Special Resolution should be passed at AGM
Utilization	To write of fictitious assets or capital losses etc.	Only when the company is about to wind up.

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List any two items appering on tge credit side of a partners current account

Posted by Prerna Gupta 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Dyuti Nag 8 years, 2 months ago

Ioc Salary

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Vineet Khandelwal 8 years, 2 months ago

By bal caried down..

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Date sheet

Posted by Harsh Goyal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Raturi 8 years, 2 months ago

Agyi. Date sheet

1Thank You

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Sir Why do we make cash flow

Posted by Yash Mehra 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Raturi 8 years, 2 months ago

To know the in flow and out flow of cash

2Thank You

ANSWER

What is the drr rate in out of the profit question?

Posted by Harshal Bafna 8 years, 2 months ago

CBSE > Class 12 > Accountancy

2 answers

Rahul Raturi 8 years, 2 months ago

It is 100 % only when redemption is out of profit

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Nisha Deshwal 8 years, 2 months ago

100%

1Thank You

ANSWER

Times Now: CBSE Class 12th, 10th Date Sheet 2018: Delay gives rise to rumour mills as people claim access to timetable. http://google.com/newsstand/s/CBIwmpujsTc

Posted by Priyam Agarwal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Did anybody know when is the admission forms of DELHI UNIVERSITY is going to release ?

Posted by Priyam Agarwal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

In revaluation trade creditors book value 70000 Revised value 60000 so where transfer in cr. Side or Dr. Side

Posted by Nimisha Jain 8 years, 2 months ago

CBSE > Class 12 > Accountancy

6 answers

Mohini Gupta 8 years, 2 months ago

Yes Priyam Deepak is right

1Thank You

Mohini Gupta 8 years, 2 months ago

I am right it will be credited not debited

1Thank You

Priyam Agarwal 8 years, 2 months ago

Maybe you are doing any other mistakes.

1Thank You

Priyam Agarwal 8 years, 2 months ago

Deepak is right. You have to put TC of ₹10,000 in cr. side of rev. a/c

0Thank You

Nimisha Jain 8 years, 2 months ago

krrr lia bt ans. Nii aya

1Thank You

Deepak Verma 8 years, 2 months ago

On..c.r side..

1Thank You

ANSWER

Anyone please tell me when the date sheet of 12th class release

Posted by Anoop Mishra 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the syllabus for accontacy practice exam ? Can anyone please share the sample copy of practice exam question paper ?

Posted by Manasa Bhat 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

From When Practical are started?

Posted by Rahul Singh 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Paakhi Ahlt 8 years, 2 months ago

Our practical dates r fixed by our teachers, they r starting from 17th

1Thank You

ANSWER

Cash flow statements

Posted by Sarthak Goel 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Harsh Kumar 8 years, 2 months ago

The inflow and outflow of cash and cash equivalent is known as cash flow statement

2Thank You

ANSWER

Plz help me in accountancy

Posted by Faiz Qureshi 8 years, 2 months ago

CBSE > Class 12 > Accountancy

3 answers

Faiz Qureshi 8 years, 2 months ago

Call in arrear advance bta do call in arrear Me kya huta h or advance

0Thank You

Faiz Qureshi 8 years, 2 months ago

Share reissue on call in advance Call in arrear

0Thank You

Kia Ahuja 8 years, 2 months ago

Wht help uh want?

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ANSWER

A ltd. Forfeited 100shares of Rs10 each fully called-up for no payment of first call of Rs3 per share and final call of Rs3 per share. All of these shares were re-issued as fully paid for Rs10 per share.

Posted by Akshay Thakur 8 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Rahul Raturi 8 years, 2 months ago

Okk??

0Thank You

Akshay Thakur 8 years, 2 months ago

Yeah?

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Rahul Raturi 8 years, 2 months ago

1 Share capital a/c Dr 1000 To share forfiture 400 To calls in arrears 600 2 bank a/c dr 1000 To share capital 1000 3. Share forfiture a/c dr. 400 To capital reserve 400

2Thank You

Rahul Raturi 8 years, 2 months ago

Is capital reserve 400

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Average profuts of a firm is Rs 100000which includes undervaluatuon of stock of Rs 40000. Calculate goodwill 2 years purchase . Undervaluation stock konsa lenge opening ya closing and why?

Posted by Manish Bansal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

in balance sheet assets side debtor 20000 provision 2000 is equal to 18000 adjustment entry Debtor rupees 1600 so will be bad debt and a provision of 5% will be created for bad and doubtful debts pass journal entry

Posted by Sourav Awathi 8 years, 2 months ago

CBSE > Class 12 > Accountancy

9 answers

Nisha Deshwal 8 years, 2 months ago

Hmmm

0Thank You

Rahul Raturi 8 years, 2 months ago

Yr check kr Lena mera eco ka project complete Ni h vo kra hu ??

0Thank You

Nisha Deshwal 8 years, 2 months ago

Ye Wala answer likhte wakt toh tum project nahi KR rahe the na?

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Rahul Raturi 8 years, 2 months ago

Nisha u know what it is again wrong dad debt written off m 1600 Provision is 2920 and Revaluation mai 4520 M sry guys mera mind ek taraf project m h or ek taraf yha so mistake hori h btw aap plz yeh ans bhi confirm kr Lena m sry

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Nisha Deshwal 8 years, 2 months ago

Koi baat Ni...

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Rahul Raturi 8 years, 2 months ago

Galat he h Mene kuch or kr diya. Right ans yeh h Revaluation a/c Dr 4020 To bad debt written off 1600 To provision for bad debt 2420 This is right ans mene kuch or smj ke kr diya tha sry

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Sanskar Joshi 8 years, 2 months ago

Balance I.e statement of profit and loss a.c. Dr To debenture redemption reserve a/c

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Nisha Deshwal 8 years, 2 months ago

Muje toh entry galat lg Rahi h ...

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Rahul Raturi 8 years, 2 months ago

The entry will be Revaluation a/c Dr 2020 To bad debt written off 1600 To provision for bad debt 420

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ANSWER

A company issued 250000 equity shares of Rs10 each to public.all amount have been received in lump sum.pass necessary journal entries in the books of the company

Posted by Lata Kasa 8 years, 2 months ago

CBSE > Class 12 > Accountancy

7 answers

Nisha Deshwal 8 years, 2 months ago

Isme 6 entry nahi hogi sirf issue ki hogi ...

0Thank You

Rahul Raturi 8 years, 2 months ago

Na Ni hogi

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Pravit Chaudhary 8 years, 2 months ago

(i) Bank a/c Dr 2500000 To share application and allotment a/c 2500000 (ii) Share application and allotment a/c Dr 2500000 To Share Capital a/c. 2500000

0Thank You

Rahul Raturi 8 years, 2 months ago

Shares h yeh bahi Debencher Ni

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Shuchi Bhatnagar 8 years, 2 months ago

Isme lumpsum method ki entry nhi hogi kya??

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Rahul Raturi 8 years, 2 months ago

1 bank a/c Dr 250000 × 10 To eq share app and allotment a/c 250000 × 10 2 eq share app and allotment a/c Dr 250000 ×. 10 To share capital a/c 250000 × 10

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Shuchi Bhatnagar 8 years, 2 months ago

6 entry hogi isme

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ANSWER

A and b are partners sharing profits. They admit Cas a new partner. C contributes stock ₹30,000; furniture₹40000 machinery ₹100000 and cash 20000 towards his capital and goodwill. Goodwill in the date of admission was valued at ₹180000. Calculate C's share of goodwill and capital

Posted by Ankur Sharma 8 years, 2 months ago

CBSE > Class 12 > Accountancy

4 answers

Pravit Chaudhary 8 years, 2 months ago

Stock a/c Dr 30000 Furniture a/c Dr 40000 Machinery a/c Dr 100000 Cash a/c Dr 20000 To Premium for Goodwill a/c 60000 To C's Capital a/c 130000 [{ C's goodwill is 1/3rd of firm's goodwill i.e.,180000} , {C's capital is = stock+furn.+much.+cash- premium for goodwill} here, premium for goodwill is the amount of goodwill bought by C]

1Thank You

Rahul Raturi 8 years, 2 months ago

Inki entry bnegi but mene short m comments m explain kiya h

2Thank You

Shuchi Bhatnagar 8 years, 2 months ago

Rahul phir bhi capital 130000 kse aayi??

1Thank You

Rahul Raturi 8 years, 2 months ago

I have assumed c 's Ratio 1/3 his g/w is 60000 and capital is 130000

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ANSWER

How to do capital ajustment

Posted by Deena Dayal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Give any two example of cash inflow from operating activities other than cash receipt from sale of goods & rending of services.

Posted by Priya Shaw 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Shuchi Bhatnagar 8 years, 2 months ago

Assets realised Debtors received

2Thank You

ANSWER

Open market redemption of debentures

Posted by Vineet Khandelwal 8 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Raturi 8 years, 2 months ago

In this we purchase Deb from open market at market price Entries are Own deb a/c Dr To bank Deb a/c Dr To own deb (Profit or loss anyone can arise if profit then credit it and if loss then dr it & if their is premium in redemption then it will be debited in this entry ) If profit arises then Profit on cancellation of deb a/c Dr To cap reserve And if loss arises then Statement of p/l a/c Dr To loss on cancellation of deb

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ANSWER

Esop

Posted by Vineet Khandelwal 8 years, 2 months ago

CBSE > Class 12 > Accountancy