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I need some latest revision questions

Posted by Pratyaksha Kalakoti 8 years, 4 months ago

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8.P, Q and R were partners sharing profits in the ratio of 2 : 2 : 1. The firm closes its books on March 31 every year. On June 30, 2017, R died. The following information is provided on R’s death: (i)Balance in his capital account in the beginning of the yearwas Rs. 6,50,000. (ii)He withdrew Rs. 60,000 on May 15, 2017 for his personal use.On the date of death of a partner the partnership deed provided for the following:(a)Interest on capital @ 10 % per annum.(b)Interest on drawings @ 12 % per annum.(c)His sharein the profit of the firm till the date of death, to be calculated on the basis of the rate of Net Profit on Sales of the previous year, which was 25 %. The Sales of the firm till June 30, 2017 were Rs. 6,00,000.Prepare R’s Capital Account on his death to be presented to his executors.3

Posted by Swetha Mv 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Where I get last year board question paper of accountancy for 12th class

Posted by Harshita Vats 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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What is the name given to the part of capital of a company which is called up only on winding up

Posted by Kirna Sheoran 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Suresh Kashyap 8 years, 4 months ago

Reserve capital

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distinguish b/w fixed cap. a/c and fluctuation cap. a/c on the basis of credit balance

Posted by Ss S 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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If the partners 'capital are fixed where will the drawings made by a partner be recorded?

Posted by Anita Poonia 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Suresh Kashyap 8 years, 4 months ago

Partners current account

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Difference b/wcapital a/c%Current a/c

Posted by Anshul Sindhey 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Amar Kumar 8 years, 4 months ago

Current account records the trading in goods and services in the current period. Capital Account records the movement of capital in and out the economy.
Current Account shows the net income of the country, whereas Capital Account shows the change in the ownership of the nation’s assets.
Current Account is mainly concerned with receipts and payment of cash and non-capital items. Conversely, Capital Account has thoroughly considered the sources and application of capital.
The key components of current account are export and import of goods and services, the investment the income and current transfers. On the other hand, foreign direct investment, portfolio investment and Loans by the government of one country to the government of another country are the key components of Capital Account.

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How to do project work of accounts

Posted by Ajay Mehra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Treatment of merchandise for accounting ratios???

Posted by Tanmay Sharma 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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What is the minimin amount that can be called on call

Posted by Lovedeep Virk 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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How to do revision in accountancy?

Posted by Amisha Jain 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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What is meant by expenses born by partner

Posted by Ankush Dandyan 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Is marketable securities current assets

Posted by Anindita Mohinto 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Dhruva Teja 8 years, 4 months ago

Yes

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the excess amount which the firm can get on selling its assets over and above the saleable value of its assets is called

Posted by Dinesh Verma 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Kajal X D Roll No 28 4 years, 6 months ago

surplus

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Meaning of forfeiture of shares

Posted by Riya Rawat 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Riya Rawat 8 years, 4 months ago

It means cancellation of shares

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Can I get important questions for accounting for companies,i.e. accounting for share capital and debentures?

Posted by Dhruva Teja 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Ate halo me debenture ch. Me change aaya h kya

Posted by Aryan Mittal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushboo Singh 8 years, 4 months ago

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Plz tell the names of best sample papers for all the subjects of commerce

Posted by Rahul Mehra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Anushka Srivastava 8 years, 4 months ago

Bst- Subash Dey Acc- Arihant Hindi- Golden &all-in one Eng- All in one Eco -????

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Divyansh Raj 8 years, 4 months ago

Arihant sample papers

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Which sample paper should I do to score good marks in accountancy

Posted by Rahul Mehra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Divyansh Raj 8 years, 4 months ago

U solve past 10 yrs cbse question paper of accountancy

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Board exam will be conducted on which date

Posted by Jagath Vinod 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Alpana Negi 8 years, 4 months ago

The board exams are expected to start from first of March 2018. CBSE is working on proposal to start them from mid-February so that results can be declared a bit earlier but not final decision is taken yet. We expect final guidelines by the end of December 2017.

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Mam/sir is computerized accounting will come in board exam 2018 because I have seen in previous year question paper in app they don't provide questions for the same.

Posted by Purshotam Singh 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Type of goodwill

Posted by Rahul Chaudhary 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Vaibhav Mehrishi 8 years, 4 months ago

1.self created Goodwill 2.purchased goodwill

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What is the difference between alloted and applied?

Posted by Ankit Saha 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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Please tell about the project file

Posted by Nancy Sahni 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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X andY are partners sharing profits and losses in the firm in the ratio 3:2 .X being a non working partner contributed 300000 as his capital on 1st April 2013 YBeing a working partner agreed to work for the firm the partnership deed provides interest on capital @8percent and salary to every working partner @₹1200p.m. X advanced a loan of₹120000 on 31st October.Netprofit before providing for any interest and partner's salary for the year 2013-14 was ₹15000 prepare p&l appropriation account.

Posted by Rekha Singhal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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What is indirect expenses

Posted by Anshika Maurya 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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A group of 40people wants to form patterneship firm they want advice that can be there in partnership firm and name the act under whose provision s it is given

Posted by Vijaya Singh Parihar 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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How to make practical ques for 12mrks on accountancy project

Posted by Barna Sengupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

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What is cash flow statment

Posted by Kartikay Kotnala 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Anushka Srivastava 8 years, 4 months ago

It is a statement that shows flow of cash ana cash equivalents during a specific period

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How amount of forfeiture is calculated?

Posted by Abc Ss 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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