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Do we have to take bank o/d as a part of working capital changes

Posted by Anamika Purohit 8 years, 4 months ago

2 answers

Manish Bansal 8 years, 4 months ago

There r 3 options - 1. In operating activity 2. In financing activity 3. In the end in the head of cash & equivalents to cash

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Saumya Joshi 8 years, 4 months ago

No it will always be taken as financing activity, short term borrowing.

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What is share

Posted by Akash Dwivedi 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yas S 8 years, 4 months ago

Share is smallest unit of a capital

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3:2:1 profit 180000 sal to a nd c 3000 b comm 9000 b nd c guarenteed profit 70000 to a profit share 3:3:2 adjustmnt entry

Posted by Shreya A 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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In which schedule.. the balance sheet make

Posted by Tarun Sharma 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Komal Thukral 8 years, 4 months ago

Schedule 3

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Cash flow ch solution of dk goels book

Posted by Priya Sindhwani 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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What is a different between retirement or death of a partner ?

Posted by Shubham Kaithwas 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Hitesh Lalwani 8 years, 4 months ago

Retirement of a partner means a partner is leaving the partnership due to his willing and death of a partner means a partner is leaving the partnership due to his death

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What is the meaning of zero coupon bond or deep discount bond

Posted by Sheetal Deshmukh 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Suresh Kashyap 8 years, 4 months ago

Treasury bills

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What is budget and it's components.

Posted by Shreya Kumari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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If shares comes in decimal how to pass entry explain with example?

Posted by Jyoti Arora 3 years ago

CBSE > Class 12 > Accountancy

0 answers

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11. E, F and G were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On September 30, 2017, their firm was dissolved. On the date of dissolution, the Balance Sheet of the firm was as follows: Balance Sheet as at March 31, 2017 Liabilities Rs. Assets Rs. Capitals: E 1,30,000 F 1,00,000 Creditors Outstanding Expenses 2,30,000 45,000 17,000 G’s Capital Profit & Loss Account Land & Building Furniture Machinery Debtors Bank 500 10,000 1,00,000 50,000 90,000 36,500 5,000 2,92,000 2,92,000 F was appointed to undertake the process of dissolution for which he was allowed a remuneration of Rs. 5,000. F agreed to bear the dissolution expenses. Assets realized as follows: (i) The Land & Building was sold through a property dealer at a price of 110% of the book value. A Commission of 1% on the selling price of Land & Building was paid to the property dealer. (ii) Furniture was sold at 25% of book value. (iii) Machinery was sold as scrap for Rs. 9,000. Creditors were payable on an average of 3 months from the date of dissolution. On discharging the Creditors on the date of dissolution, they allowed a discount of 5%. Pass necessary Journal entries for dissolution in the books of the firm. 4 sample paper 1 tell me only cash a/c total in this qustion if we prepare it.

Posted by Manish Bansal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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What is the formula of turnover ratio ?

Posted by Shreya Kumari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Practice paper 1

Posted by Kishan Kumar 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Maximum numbers of members in partnership firm

Posted by Chandan Jha 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Waseem Ahmad 8 years, 4 months ago

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Himanshu Aggarwal 8 years, 4 months ago

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Journal entries

Posted by Mohit Shukla 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Time table of 12th cbse 2017-18

Posted by Harshi Malviya 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Why we need to revalue assets and liabilities on reconstitution

Posted by Aanchal Kumari 8 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Waseem Ahmad 8 years, 4 months ago

To know the profit and loss

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X and y are partners sharing profit and losses in the ratio 2:3 with capital of 200000 and 300000 respectively.on 1October 2015,granted loan of 80000 and 40000 respectively to the firm show distribution of profit and loss for the year ended 31March 2016 in each following alternative cases Case 1 if the profit before interest for the year amounted to 21000 Case 2 if the profit before interest for the year amounted to 3000 Case 3 if the profit before interest for the year amounted to 5000 Case5 if the loss before interest for the year amounted to 1400

Posted by Yashika Shrivastava 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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What is the method to solve loss on issue of discount when debentures are redeemed after a year

Posted by Yashika Agrawal 8 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Calculate gross profit ratio from the following figure :- Opening inventory ₹40000; closing inventory ,60000; purchase 710000; return outward ₹10000; wages ₹80000; cash revenue from operation ₹ 345000; credit revenue from operation ₹630000; return inward ₹25000.

Posted by Vanya Gupta 8 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Yashi Thakur 4 years, 10 months ago

gp ratio 20%

7Thank You

Vaibhav Gupta 2 years, 3 months ago

Firstly use formulae of COGS = purchase+ direct expenses + op. Stock - cl. stock.- return outward It will be 710000+80000+40000-60000-10000 Then calculate RFO by adding cash revenue and credit revenue and subtracting return inward. Then xcalculate gp by Gp = RFO - COGS Then put items in gross profit ratio formulae i.e GPR=GP/RFO*100

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x ltd.was registered with an authorised capital of 200000 shares of 10 each.It purchased assets of y ltd.for 300000 and issued fully paid shares for purchase consideration. It also invited applications for 120000 shares payable as under: 2.50 applications 2.50 allotment 2 on first call &3 on final call .sarkar who had been alloted 400 shares fail to pay the final call. His shares were forfeited and reissued at 8.50 per share as fully paid up .pass enteries in cash book and journal .

Posted by Adil Ahmed 8 years, 4 months ago

CBSE > Class 12 > Accountancy