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When goodwill not brought by partner then his current or capital a/c which is debited?

Posted by Prachi Jain 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Simarn Chhabra 8 years, 3 months ago

If the partner not brought his part of goodwill then New partner' s current account will be debit

2Thank You

ANSWER

If a partner's loan is 50,000 and partnersheep deep is absent then interest on loan will be??

Posted by Simarn Chhabra 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

6Thank You

ANSWER

Capital

Posted by Trishant Shahi 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

1 year

Posted by Ravikant Maurya 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is shares?

Posted by Rahul Khandelwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

Capital of the company is divided into the small units of small amount, these units are known as shares.

2Thank You

ANSWER

Test generator is not available for accountancy class 12

Posted by Mahi Chaudhary 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is proposed dividend? How to treat in cash flow statement

Posted by Khyati Nakum 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

It is the amount of dividend that the company's directors have to pay agreed to pay to its shareholders. TREATMENT - current year propsed dividend is added while calcultaing profit before tax and previous year proposed dividend is considered as outflow in financing activities.

2Thank You

ANSWER

What is stock option plan

Posted by Pooja Sheoran 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

It is the option granted by the company to its employees and directors. option means to subscribe shares at a price which is lower than the market price

2Thank You

ANSWER

After the final account is that that inrer

Posted by Lalit Mehta 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Why we do not keep equity shares as a colletral

Posted by Muskan Jain 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Harsh Choudhary 8 years, 3 months ago

Because its returns is not sured

1Thank You

ANSWER

Is interest coverage ratio is important ,m not understand it's concept why and how we calculate it ??

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

4 answers

Simarn Chhabra 8 years, 3 months ago

If profit after interest and tax is given then u will add tax and interest in that profit

0Thank You

Nisha Deshwal 8 years, 3 months ago

Profit before tax and interest kese calculate karu

0Thank You

Simarn Chhabra 8 years, 3 months ago

It's formula is profit before interest & tax / fixed interest charges and u can understand it by doing many questions of it...

0Thank You

Simarn Chhabra 8 years, 3 months ago

Yes it's important

0Thank You

ANSWER

Tell me some Important ratios from accounting ratios chapter

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Simarn Chhabra 8 years, 3 months ago

4th ratio is very important that is profitability ratios

0Thank You

ANSWER

Vinod and yuvraj are partners in a firm without a partnership deed.vinods capital is rs10000 and yuvrajs capital is rs14000. Yuvraj has advanced a loan of rs5000 and claims intrest @12%p.a.on it .state with reasons whether his claim valid or not?

Posted by Sonu Susan 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Ravi Rajput 8 years, 3 months ago

No he is wrong because in absence of partnership deed , interest on loan is agreed 6%pa according to provision of partnership act 1932

0Thank You

Rahul Singh 8 years, 3 months ago

No,Yuvraj is wrong he only get 6% PA because partnership act 2013 stated without any partnership deed only 6% int payable on partner loan.

3Thank You

ANSWER

Syllabus on account m class 12 m ratio chapter ha kya

Posted by Khan Kahan 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Nisha Deshwal 8 years, 3 months ago

Yes it is

2Thank You

Simarn Chhabra 8 years, 3 months ago

Yes

0Thank You

ANSWER

When Valuation of goodwill needed other than admission,retirement,death? Write any three situations?

Posted by Rahul Singh 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

1) when the firm is sold , 2) when the firm is amalgamated with another firm, 3) when there is a change in the profit sharing ratio among the existing partners.

5Thank You

ANSWER

Disclosure of forfeited and reissue shares in the balance sheet.

Posted by Neelakshi Saini 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Where I can find cbse sample papers

Posted by Himanshu Jain 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Yas S 8 years, 3 months ago

In this app

0Thank You

ANSWER

A limited forfeited 2000 shares of 10 each, fully called up, on which they had received only 14000. 50 of the forfeited shares were reissue of shares for 9 rupee per share .

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Yas S 8 years, 3 months ago

Share capital a/c 20000Dr to share forfeiture a/c14000 to calls in arrears a/c 6000 Bank a/k dr 450share forfeiture a/c50 Dr to share capital a/c 500 Share forfeiture a/c Dr 300to Capital reserve a/c 300

0Thank You

ANSWER

Bills payable of 30000 falling due on 30th April 2016 were discharged at 29550.pass journal entry

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Yas S 8 years, 3 months ago

Creditors a/c 50 Dr To B/P a/c 50.but Not confirmed

3Thank You

ANSWER

Piya and Beena are partners in a firm sharing profits and losses in the ratio of 3 : 2. Capital of piya=80000 and beena =40000. Salary assets 120000. The profits 30000 for the year ended 31st March 2016 were divided between the partners without allowing interest on capital @12% per annum and salary to be @1000 per month .during the year Piya withdraw 8000 and Bina withdrew 4000. pass necessary rectifying entry

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Ravneet Kaur 4 years, 11 months ago

i want to know the answer for this question ...

0Thank You

Ravneet Kaur 7 years, 9 months ago

??/

1Thank You

ANSWER

I want to know the tentative date sheet of this session

Posted by Gunjan Agrawal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Atif ,Neha and Nupur partners sharing profits and losses in the ratio of 5:3:2. Atif retired on 1st April 2016 Goodwill of the firm was to be valued at 2 years purchase of average profit of 3 completed years preceding the date of retirement. The profit for previous years were 2013 -14 = 55000; 2014 -15=65000; 2015-16=60000 .calculate Goodwill amount transfer in partners .

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Shivam Sharma 3 years, 1 month ago

answar

33Thank You

Usha Bisht 8 years, 3 months ago

I think 36,000 to Neha 24,000 to nupur

32Thank You

ANSWER

When partnership deed silent interest on drawing charged or not

Posted by Abhi Tyagu 8 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Usha Bisht 8 years, 3 months ago

0Thank You

Shreya Vishwakarma 8 years, 3 months ago

Not charge

3Thank You

Nisha Deshwal 8 years, 3 months ago

2Thank You

ANSWER

X,Yand Z were partners sharing profits and losses in the ratio of 3:2:2. Z retired and the amount due to him was 85000.he was paid 5000 immediately. The balance was payable in 3 equal annual installments carrying interest at 6% per annum. Pass necessary journal entry for recording the same on the date of Zaid retirement.

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A andB are partners in a firm sharing profit and loss in the ratio of 5:3, they admitted C as a new partner the new profit ratio between A B and C was 3:2:3 .A surrendered 1/5th of his share in favour of C . calculate B's sacrifice.

Posted by Ritika Sahani 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

Old -new = sacrifice ( 3/8-2/8=1/8)=B's sacrifice

1Thank You

ANSWER

Sir if adjustment is on both allotment and final call then how we will calculate amount not received on final call

Posted by Yas S 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

The accountant of manav.ltd while preparing cash flow statement added description provided on the fixed assets to net profit for calculating cash flow from operating activities. Was he correct to do so? Give reasons.

Posted by Suman Das 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

The accountant of manav.ltd while preparing cash flow state ment

Posted by Suman Das 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Diifrence between active and sleeping partners

Posted by Onkar Bhayana 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Amar Kumar 8 years, 3 months ago

General, Active or Working Partner : The partner who provides capital and takes active part in the conduct of business is known as general or active partner. He is also known as working partner who gives special assistance to the firm. He may or may not be renewed by him. It depends upon the agreement between the partners.

Inactive, Dormant or Sleeping Partner : The partner who provides capital to the business and shares in the profit or loss of the firm but does not participate in the management is known as inactive, dormant or sleeping partner.

1Thank You

ANSWER

What will be the inventory turn over ratio; revenue from operationsRs.16,00,000 ;average inventory, Rs.2,20,000;gross loss ratio5%?

Posted by Suman Das 8 years, 3 months ago

CBSE > Class 12 > Accountancy