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Why is goodwill considered as an intangible asset but not a fictitous asset ?

Posted by Ayush Srivastav 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Srishti Gupta 8 years, 4 months ago

It is an intangible asset because intangible asset i.e an asset which cannot be seen and touched

ANSWER

What is interest on debentures

Posted by Balthzar Blake 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Arti Tayal 8 years, 4 months ago

When we issued debentures then we have to pay some interest to debenture holder which is mention on debentures. Because it is a liability for the firm.

ANSWER

Is conversion of debenture is deleted from syllabus??

Posted by Ramandeep Singh 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Arti Tayal 8 years, 4 months ago

No

ANSWER

Instead of regular loss why capital account of partners doesn't show debit balance

Posted by D A 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Partners x and y sharing in 3:2 have fixed capitas of Rs 1500000 and Rs 500000 respectively which are subject to interest on capital @8% p.a. but at the end of the current year it was found that interest on capital was credited to capital accounts @10% p.a. rectify

Posted by Divya Yadav 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

D A 8 years, 4 months ago

Firstly Interest already credited will be 2% Then Profit to be cr in place of interest in profit-sharing ratio Then Both will be compared to find gain &sacrifice of partners

ANSWER

Intetest on capital is not paid to partner ?

Posted by Megha Dogra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Tongar 8 years, 4 months ago

When partner is non working

ANSWER

What is journal

Posted by Sneha Gupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is accountacy

Posted by Priyanka Kalra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rishi Kumar 8 years, 4 months ago

Accountancy is a art ,classified and summarying all the transaction recorded in a chronological series.

ANSWER

Entry of purchasing raw materials

Posted by Priyal Jain 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Prateek Tongar 8 years, 4 months ago

Purchases a/c Dr. To bank a/c

ANSWER

l isha, Tushar, Bhavishya and Laxya were partners in a firm sharing profits in 3 : 3 : 3 : l/ratio. On 31st March, 2017 Laxya retired. Nisha, Tushar and Bhavishya decided to share future profits in the ratio of 5 '. 1 '. 1. On Laxya’s retirement the goodwill of the firm was valued at ? 6,30,000. Showing your working notes clearly pass necessary Journal Entry ‘ior the tretme of goodwill in the books of the firm on Laxya’s retirement.

Posted by Sourav Kumar 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Rihaan Vashistha 8 years, 4 months ago

Firstly goodwill of laxya will be calculated then it will be divided in gaining ratio

Prateek Tongar 8 years, 4 months ago

Goodwill are distributed in all old partners in their old ratio

ANSWER

How are mutual relations of partners governed in the absence of partnership deed

Posted by Nitin Gupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Priya Singh 8 years, 2 months ago

In the absence of Partnership deed, mutual relations are governed by the Partnership Act, 1932.

ANSWER

Is moderation still retained in CBSE?

Posted by Shreya Anna Suresh 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

T S grewal cash flow statement question no 59

Posted by Radhika Jain 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Praveen Maley 8 years, 4 months ago

You should use NCERT solution app to solve account ts grewal questions

ANSWER

Buy back of debenture

Posted by Suraj Tiwari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Kshitij Mittal 8 years, 4 months ago

It means redemption or cancellation of debentures

ANSWER

Rich sugar ltd issued rs20 lakh 8% deb

Posted by Kanika Singhal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rishi Kumar 8 years, 4 months ago

Bank a/c Dr. 20 lakh To8% debentures application& allotments a/c 20 lakh

ANSWER

Gernal reserve is related to which account ? Plz explain briefly.

Posted by Mahesh Nehra 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Vardhan 8 years, 4 months ago

fluctuating ac

ANSWER

X and Y are partners in a firm .X is to get a commission of 10% of the net profit before charging any commission.Y is to get a commission of 10% on the net profit after charging all commissions. The net profit for the year ended,before charging any commission were 55000 .find out the commission of X and Y . Also show the distribution of profit

Posted by Sulkshna Negi 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Rishi Kumar 8 years, 4 months ago

Profit is equal distribution 5250Y 5250X

ANSWER

What is contengent liability

Posted by Mohsin Khursheed 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Vardhan 8 years, 4 months ago

it means there is case pending on liability

ANSWER

Debenture redemption investment and it's treatment

Posted by Suraj Tiwari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Prerna Agrawal 8 years, 4 months ago

DRI IS CREATED 25 % of value of debrnture

ANSWER

Let's make a cbse group on whatsapp so we can share question papers , sample paper,solutions etc.

Posted by Sadaf Jamal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Buny Pandey 8 years, 4 months ago

I can't trust you gys

ANSWER

Please every one share question paper of their school (preboards) of all subjects class 12th commerce stream

Posted by Sadaf Jamal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Two partners in a firm sharing profit and losses in3:2 a new partner c comes in he acquires 1/3rd of A and 1/10th of B .calculate new profit sharing ratio

Posted by Krishana Karn 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

where is company book in this guide?

Posted by Mohit Yadav 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is redemption

Posted by Hayat Zara 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Dave 8 years, 4 months ago

Redemption means repayment

ANSWER

Questions send me which having chances to came in 12 board exam

Posted by Tushar Arora 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Expected datesheet??

Posted by Paras Jain 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Dave 8 years, 4 months ago

By the end of December

ANSWER

from the following compute current ratio and quick ratio current investment-80000 non current investment 200000 inventories(includibg loose of tools40000)450000 trade recivables330000 short term loans nd advance10000 trade pyables 180000 short term borrowings60000 long term borrowings300000 prepaid insurance18000 advance tax payment 20000 cash &cash equivalents28000 short term provisions(proposed dividend)25000 other current liabilities 15000

Posted by Aditi Singh 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

When the DAYE SHEET will be declared by Cbse

Posted by Gagan Deep 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Harsh Gupta 8 years, 4 months ago

32 noctober, 2017.9

ANSWER

Short revision of issue of shares

Posted by Mansi Prajapat 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yas S 8 years, 4 months ago

Do pro-rata first bcoz it comes of 8marks in the board xam

ANSWER

Why do we study?

Posted by Ajaypal Toor 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Vardhan 8 years, 4 months ago

pagal haan

ANSWER

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