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How many partners can be there in a partnership firm ??? And according to which act??

Posted by Aanchal Nagariya 8 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Shreya Vishwakarma 8 years, 3 months ago

Mini - 2 and according partnership act 2013 50 members

Honey Singh 8 years, 3 months ago

According partnership act 2013

Honey Singh 8 years, 3 months ago

Minimum 2 and maximum 50

ANSWER

If question is silent so from where we have to do redemption of debentures out of capital or from out of profit

Posted by Pari Jain 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Muskan Talwar 8 years, 3 months ago

Sorry....out of capital

Muskan Talwar 8 years, 3 months ago

Out of profit

ANSWER

How to prepare on pre board examinations my all chapters completed but problem is that almost chapter m forget how plz help us

Posted by M K 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How to study partnership very easily

Posted by Gopal Amirtha 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Cifijgiin sh tby o35895780

Posted by Bhupender Zahakhra 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Hetydhjbkll

Posted by Bhupender Zahakhra 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Adjustment of capital Ts grewal chapter 4 ques no 82

Posted by Sapna K 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

Combine capital of X and Y=39200 + 20800=60000 60,000 × 20 /100=12000.( In the Partner's capital a/c, cash a/c cr. by 12000)

ANSWER

N ltd. wants to issue shares and debentures at 10% discount. Is it possible?

Posted by Jaskirat Kaur 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Gk Verma 8 years, 3 months ago

Shares can not be issued at discount, so it can only issue debentures at discount

ANSWER

Ashoka linited company which had issued equity shares Rs 20 each at discount of Rs 4 per share forfeited 1000 shares for non payment of final call of Rs 4 per share. 400 of the forfeited shares are reissued at Rs 14 per share out of remaining shares of 200 shares are reissued at Rs 20 per share. Give journal entries for the forfeiture and reissue of share and show the amount transferred to capital reserve and the balance in forfeiture account.

Posted by Raj Garg 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

how to know that call in advance will also be included in the entry in pro-rata basis?

Posted by Megha G 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A, B and C are partners . C retires on 1 oct. C share in profit will be given acc. to last year profit i.e. 72000. C share is taken fully by B. A also sacrifice 1/8 share. Pass neccesary journal entry.books are closed on every 31 march.

Posted by Sejal Narang 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Cbse 2016 comptt answer of company accounts of rk ltd

Posted by Fahim Khan 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

From the following balancesheet , calculate interest on capital @ 6% payable to you for the year ended 31st March . LIABILITY- long capital is 1,60000, short capital is 140000, Profit and Loss appropriation account ( 2014-15) is 100000. ASSETS- fixed asset is 3 LAKH, drawings long 40000, other assets 60,000 .total of balance sheet is 4 lakh. ( During the year long drawings 40000, short drawings 50000) profit of the Year 150000 .calculate opening capital?

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

If new partner was coming the revalution account loss was distributed him or not

Posted by Sunil Singh Bohra 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Saurabh Rastogi 8 years, 3 months ago

No

ANSWER

Bills payable liability hotI h ya assets

Posted by Rupali Sharma 8 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Gk Verma 8 years, 3 months ago

Liability

Nisha Deshwal 8 years, 3 months ago

Liability

ANSWER

A ltd. Issue a prospectus inviting application for 6000 equity shares of Rs 100/ each at a primum of ₹20 on application ₹20 on allotment ₹50 including primum,on first call₹30, on second call₹20. Application were recievd for 10000 shares and allotment was made. Pro rata to applications of8000 shares,the remaining were refused Rohit to whom300 shares allotted failed to pay allotment and calls money,his shares were fofited. Itika who applied for 600 shares failed to pay two calls band her shares were also fofited.All the shares were sold to Martin as fully paid for₹80 per shares.give journal entries.

Posted by Tannu Jonwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

There are 60 people .can they form a partnership??

Posted by Ansh Jain 8 years, 3 months ago

CBSE > Class 12 > Accountancy

8 answers

Gk Verma 8 years, 3 months ago

There is restriction on the no. Of partners to 50.

Muskan Boora 8 years, 3 months ago

Yes they form partnership

Nisha Deshwal 8 years, 3 months ago

Q 1

Nisha Deshwal 8 years, 3 months ago

But according to the companies act 2014 maximum 50 members form partnership .? U can check in question paper all India 2016

Ritik Joshi 8 years, 3 months ago

OK?

Ritik Joshi 8 years, 3 months ago

By act,2013

Ritik Joshi 8 years, 3 months ago

No Only minimum2 or maximum 20

Nisha Deshwal 8 years, 3 months ago

No, maximum 50 members form partnership

ANSWER

Is remdemption of debenture (before maturity date) is in syllabus of class 12 board examination 2018 .

Posted by Jasnek Singh 8 years, 3 months ago

CBSE > Class 12 > Accountancy

5 answers

Gk Verma 8 years, 3 months ago

Yes

Jaskirat Kaur 8 years, 3 months ago

Yes

Aman Jain 8 years, 3 months ago

Smj jaao paaji

Aman Jain 8 years, 3 months ago

Noo

Ritik Joshi 8 years, 3 months ago

Yes

ANSWER

And B are partners share profits equally . A drew regularly RS 4,000 at the end of every month for mnths ended 30th Sept,2013 calculate interest on drawings @ 5% .

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

3 answers

Nisha Deshwal 8 years, 3 months ago

answer is 250.. given , ? but how??

Saurabh Rastogi 8 years, 3 months ago

Is 3300 answer is correct or 1100

Ritik Joshi 8 years, 3 months ago

Amount. Months 4000. 11 4000. 10 4000. 9 4000. 8 4000. 7 4000. 6 4000. 5 4000. 4 4000. 3 4000. 2 4000. 1 4000. 0 Product 44000 40000 36000 32000 28000 24000 20000 16000 12000 8000 4000 0 Total=264000 Interest on drawing=product×rate×1/12 264000×5/100×1/12=1100answer..

ANSWER

J company purchase a machine from high life machine ltd. For Rs.3,80,000.As per purchase agreement .Rs.20,000 were paid in cash and balance by issue of share of Rs.100 each.what will be the entry passed if the share are issued: (a):At par (b):At 20% premium

Posted by Ritik Joshi 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Saurabh Rastogi 8 years, 3 months ago

High life machine Dr 3,60,000 To share capital AC. 3,60,000 At premium High life machine Dr. 3,00,000 To security premium reserve AC. 60,000 To share capital AC. 3,60,000

ANSWER

On 1 April , 2013 A and B entered into partnership for supplying laboratory equipments government schools situated in remote and backward areas. They contributed capitals of RS. 80,000 and 50,000 respectively and agreed to share in profits in the ratio of 3:2 . The partnership deed provided that interest on capital shall be allowed at 9% per annum. Prepare profit and loss appropriation account . HOW WE CAME TO KNOW THAT WE HAVE TO CALCULATE PROPOTIONATE INTEREST ON CAPITAL IN THIS QUESTION ?

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Black and White are 2 partners with capitals of 30,000 and 20,000 respectively. Profits for the year ended 31 March , 2015 amounted to RS 27,100. It is agreed that 5% interest on capital shall be allowed. There is no agreement regarding sharig of profit or partnership salary. Black is a whole time partner whereas white doesn't attend business regularly. Black claims Rs 600 salary per month and 60% of balance profit .white advanced RS 10,000 as loan and he know claims 10% interest state how u will settle accounts.HOW MUCH INTEREST ON PARTNERS LOAN WILL BE CALCULATE ? IS THE PARTNERSHIP DEED EXIST OR NOT?

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is accumulated Depreciation

Posted by Ashish K 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

It is the total depreciation for the fixed asset that has been charged to an expense since that asset was acquired and made available for use.

ANSWER

What is prepaid insurance, Outstanding salaries. Asset or liability?

Posted by Annu Ashish Lakra 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Nisha Deshwal 8 years, 3 months ago

O/s salaries =liability , prepaid insurance= asset

ANSWER

What will be the effect of increase in working capital on cash flow

Posted by Misha Kapoor 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Gk Verma 8 years, 3 months ago

It would be deduct from the operating activities.

ANSWER

The quarter report of a co. Give the following information about segment performance Segment. Sales. Net profit Cloths. 1000000 40000. Machine 3000000. 160000. Footwear. 1600000. 60000

Posted by Sakshi Joshi 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

I want to know the changes in debenture chapter ....my teacher says nothing is change in the chapter??

Posted by Nisha Deshwal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Q a partner was appointed to look after the process of dissolution for which he was , paid remuneration of 18000. Q agreed to take stock worth 18000 as his remunreation. The stock has already been transferred to realisation account

Posted by Tanushree Nangia 8 years, 3 months ago

CBSE > Class 12 > Accountancy

1 answers

Manik Chopra 8 years, 3 months ago

No entry will pass

ANSWER

Company account chapter I am not understand so plz sir easy way

Posted by Priya Jaiswal 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Is before maturity in redemption is coming in exams??

Posted by Aman Jain 8 years, 3 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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