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Pand q were partner in firm sharing profit and losses equally .their fixed capital was 200000and 300000respectively .the partnership deed provided for interest on capital @12 %per annum

Posted by Shiwani Mishra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sudeep Keer 8 years, 4 months ago

Interest of P - 200000×12/100=24000 Interest of Q- 300000×12/100=26000

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ANSWER

What is mean by iod/ioc they are both same

Posted by Sagar Chaudhary 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Why Long term loan and advances come under assts

Posted by Alok Mishra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Arafat Samad 8 years, 4 months ago

Bec.it increase assets

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Raghav Garg 8 years, 4 months ago

When loan given by any firm, than it comes under the assets..

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ANSWER

Bonds is assets or liabilities?

Posted by Alok Mishra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Issue of debentures methods

Posted by Surya Sengupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How to find amount of arrear share if application rate , allotment rate is given and arrear amount in allotment is given. If questions is based on pro data.

Posted by Tabish Faiz 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How can find arrear share in pro data Questions

Posted by Tabish Faiz 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What's is meant by bearer debenture

Posted by Karan Singh 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rihaan Vashistha 8 years, 4 months ago

Which donot have their name in companies register

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Why the firm calculate goodwill

Posted by Vinay Sharma 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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How will we find goodwill

Posted by Batul Surat 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Yas S 8 years, 4 months ago

It will be the hidden goodwill

2Thank You

Yas S 8 years, 4 months ago

Firstly add the Capitals of all the partners then less the capital of new partner then it will the goodwill of the firm after this finds new partners goodwill by putting his share

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Vinod manthan and dhanraj are partners in a firm. They admitted 50 new partners to fulfill the requirement of capital. Is it still a partmership firm?

Posted by Inu Pinu 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Vishav Johari 8 years, 4 months ago

No because under rule 10 of ch.29 maximum limit of partner is 50

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Rihaan Vashistha 8 years, 4 months ago

1Thank You

ANSWER

Why TDs receivable is debited

Posted by Deepak Rana 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rihaan Vashistha 8 years, 4 months ago

Bcz it is an expenditure

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In redemption of debentures, when they are issued at discount & redeemed before maturity, is the discount account closed?

Posted by Rupal Jaiswal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rihaan Vashistha 8 years, 4 months ago

Yes

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ANSWER

define finance

Posted by Sudesh Yogi 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rihaan Vashistha 8 years, 4 months ago

A thing which is used for making transaction

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ANSWER

On 1st April ,2014 ,X LTD . issued 1000, 10% Debentures of Rs100 each at a discount of 10 % redeemable at par. Show the " Discount on issue of Debentures Account" if (a) such Debentures are redeemable after 4years, and (b) such debentures are redeemable by equal annual drawings in 4 years . X Ltd . follows financial year as it's accounting year. Please show proper solution with working note ....

Posted by Tanish Gupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Retirement / death of a partner from ts grewal exercise Question no. 21

Posted by Divya Yadav 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is tds receivable

Posted by Deepak Rana 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rupali Sharma 8 years, 4 months ago

Tax deducted at source

1Thank You

Rupali Sharma 8 years, 4 months ago

It means tax deducted source which is to be received

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ANSWER

In redemption... In case of draw of lots... If equal instalments are redeemed,then what is the treatment OF DRI..?? Is it prepared everyone and encashed before redemption...or something else is done..??

Posted by Divyanshi Maheshwari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Pattern of question paper

Posted by Ayushi Mittal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Entry of buy back of debenture

Posted by Suraj Tiwari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Share capital pro rata su.

Posted by Sakshi Bhindora 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the accounting treatement accumulated profits when information is mentioned only about reserves that it is transferred to capital a/?

Posted by Ankush Dandyan 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Meena Rey 8 years, 4 months ago

Accumulated profits are distributed to partners in their profit sharing ratio

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ANSWER

Hari ram and Mohan are partners in a firm sharing in the ratio of 2:2:1 they had withdrawn RS 25000 rs20000 rs10000 respectively interest on drawings was charged at8% instead 10% give the necessary adjusting entries and working notes

Posted by Prakash Mishra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Sakshi Bhindora 8 years, 4 months ago

Iod of hari is 500 ram is 400 mohan is 200 Divisible profit of hari is 440 ram is 440 mohan is 220 Adjustment amt of hari is 60 ram is 40 mohan is 20 Journal entry :- Hari's capital a/c dr. 60 To ram's capital a/c. 40 To mohan capital a/c. 20 ( Being adjustment entry of IOD)

1Thank You

Arti Tayal 8 years, 4 months ago

Hari capital a/c Dr ₹60 ,To Ram capitala/c ₹40 ,Mohan capital a/c ₹20

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ANSWER

iss baar k paper kaisa ho g

Posted by Yash Vardhan 8 years, 4 months ago

CBSE > Class 12 > Accountancy