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What is profitability ratio?

Posted by ज्ञान Shala 2 years, 11 months ago

1 answers

Sia ? 2 years, 11 months ago

Profitability ratios are financial metrics used by analysts and investors to measure and evaluate the ability of a company to generate income (profit) relative to revenue, balance sheet assets, operating costs, and shareholders’ equity during a specific period of time.

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Girish and Balwant are partners in a firm. On 1st April, 2020, their capitals were * 4,00,000 and *6,00,000. The profit for 2020-21 was 5,24,000. Partnership deed provided that interest on drawings/capital to be calculated @ 10 %, Balwant had drawings of 1,00,000. He had withdrawn this amount on 31st December 2020. In addition to this, rent (in case of any partner providing his premises for business) for premises decided to be * 8,000 per month. Due to lockdown during a pandemic, the partners decided to shut down the factory and shifted to Girish's farmhouse on 1st August 2020. 39. What is the amount transferred to the profit loss appropriation account? a. 5,24,000 b. Can't say c. 5,00,000 d. 4,88,000 40. What is the interest in drawings of Balwant? a. * 10,000 b. 22,500 c. Can't say d. 7,500 41. What is the total interest on capital of both partners? a. 50,000 b. 2,00,000 c. Can't say d. 1,00,000

Posted by Vansh Thakker 2 years, 11 months ago

CBSE > Class 12 > Accountancy

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Sia ? 2 years, 11 months ago

(b) ₹ 5,00,000
(c) ₹ 22,500
(a) ₹ 1,00,000

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Anita and Babita were partners sharing profits and losses in the ratio of 3:1. Savita was admitted for share in the profits. Savita was unable to bring her share of goodwill premium in cash. The Journal entry recorded for premium for goodwill is as below:

Posted by Pratham Mehta 2 years, 11 months ago

CBSE > Class 12 > Accountancy

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Where meet assignment work of financial statment of an organisation trading,balance sheet & profit nd loss account with ratios

Posted by Supriya Agrahari 2 years, 11 months ago

CBSE > Class 12 > Accountancy

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Parul and aruna

Posted by Sanya Verma 2 years, 11 months ago

CBSE > Class 12 > Accountancy

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a club has 500 members each paying an annual subscription of rate 1000 the district and payment account for the year ended 31st March 2019 show 5,30,000 a subscription additional information provided is

Posted by Ariba Sidiiquii 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Deepak Saxena 3 years ago

30,000 is subscription received in advance.

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Amit and arun are equal partners having capitals of of rupees 200000 and rupees 100000 respectively on on 1st April 2020. On on 1st October 2020 Arun introduced some additional capital. Interest on capital for Arun 10% per annum por the year ended 31 March 2021 amounted to rupees 30000. The amount of additional capital introduced by Arun how.

Posted by Aamir Saifi 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Deepak Saxena 3 years ago

2,00,000

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A and B are partners sharing profits in the ratio of 2:3. Their balance sheet shows machinery at ₹200000 ,stock ₹80000 and debtors at ₹160000. C is admitted and the new profit sharing ratio is 6: 9:5 . Machinery is revalued at ₹140000, provision is made for doubtful debts @ 5%. A's share in loss on revaluation amount to 20000 . Revalued value of stock will be.

Posted by Gungun Pandey 3 years ago

CBSE > Class 12 > Accountancy

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Saregama ltd invited applications for issuing 80000 equity shares

Posted by Samreen Anjum 3 years ago

CBSE > Class 12 > Accountancy

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Parul and Aruna school time friends met at the school reunion

Posted by Saarthak Sharma 3 years ago

CBSE > Class 12 > Accountancy

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Sargam Ltd invited

Posted by Shivak Gupta 3 years ago

CBSE > Class 12 > Accountancy

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p q r are partners in a firm. net profit before appropriation is 787000. total interest on capital and salary amounted to partners amounted 40000 and 75000 respectively. p and q are entitled to commission of 6% each on net profit after taking into consideration interest on capital salaries and all commission .calculate commission payable to p and q

Posted by Akash Kumar 3 years ago

CBSE > Class 12 > Accountancy

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security deposit are presented in the balance sheet of the company under the sub head

Posted by Rohit Majhi 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Akash Kumar 3 years ago

Shareholders funds

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6. Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1. Balance Sheet (Extract) Liabilities ₹ Assets ₹ Machinery 40,000 If the value of machinery reflected in the balance sheet is overvalued by 33 %, find out the value of Machinery to be shown in the new Balance Sheet: (A) ₹ 44,000 (B) ₹48,000 (C) ₹ 32,000 (D) ₹30,000

Posted by Akarsh Singh 3 years ago

CBSE > Class 12 > Accountancy

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MIG Ltd. Forfeited 40 shares of Rs 10 each issued at a premium of 40 % to Raj who pad applled for 48 shares. After having paid Rs 6 (including Rs 2 premium), he did not pay allotment money of Rs 2 (including Rs 1 premium) and on his subsequent failure to pay the first call of Rs 3 (including Rs 1 premium) his shares were forfeited. The amount to be credited to Forfeited Share Account is

Posted by Palak Dewangan 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Lakhan Sharma 3 years ago

40×4=160

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Calculate interest on drawings, if owner withdrew the following amounts as follows Jan.31 Rs. 6,000, Mar.31 Rs.4,000, July 1 Rs.8,000, Sep. 30 Rs.3,000, 1 Nov, Rs.5,000. Accounts are closed on 31st December every year and rate of interest on drawings is 10% p.a. a. *1,418.33 b. 1,408.33 c 1,418.93 d. 1,408.93

Posted by Piyush Soni 3 years ago

CBSE > Class 12 > Accountancy

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What is capital reserve ? Why it is prepared? All explanation about capital reserve.

Posted by Shriyansh Jain 3 years ago

CBSE > Class 12 > Accountancy

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Mr Manoj a commerce student after computer vocational subject while doing his become he decided to start a computer business after doing is BCom for this purpose his father built the first floor of the single storey building at a cost of 300000 and gave him for the sum of 2lakh 75,000 for the business decided to start with in computer costing 45000 approach FTS f c bank and manage to secure a loan to the extent of 80% off the coast of computer it was a great that the loan will be the paid in 3 annual installment as follow at the end first year 120000 + 36000 for interest at the end of second year 120000 + 24000 for interest at the end of 3rd year 120000 + 12000 for interest he started business on 1st April 2017 on this day he deposited 260000 in the bank and 360000 out of the bank loan availed he deposited 8000 for the electric electric connection with the electricity board and paid a deposit of 120000 with VSNL for internet and telephone connection he got the computer cafe furnished by paint 30,000 he also spend 5000 on advertisement all the payment what to be made by checks and all the receptor what to be deposited in the bank on the same day at the end of the year the results were purchases of computer stationery 80,000 revenue from fees received from students 240000 revenue on account of internet facilities 210000 revenue from sale of computer stationery 150000 which is paid to servant 9600 telephone charges 62000 electricity charges 36000 entertainment expenses 5500 maintenance expenses 6000 expenses 4000 he withdrawal 40000 by cheque for his personal expenses and paid the bank loan regularly you are required to generalize above transactions because them into the ledger and trial balance prepared trading and profit and loss account and balance sheet taking into consideration that a telephone bill of 15000 and electricity bill of 3000 and yet to be paid charges appreciation and the rate of 25% on computers 15% on furniture and 4% on building

Posted by Juhi Shukla 3 years ago

CBSE > Class 12 > Accountancy

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The objective of time study is to: A) Determine the number of workers to be employed B) Frame suitable incentive scheme C) Determine labour cost D) All of the above

Posted by Florence Heikham 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Vishesh Goyal 3 years ago

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30 journal

Posted by Chanchal Hindol 3 years ago

CBSE > Class 12 > Accountancy

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As 26 accounting standards

Posted by Archit Maurya 3 years ago

CBSE > Class 12 > Accountancy

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Govinda ltd. Purchased furniture of 1000000 from nishant ltd. and paid 20% of the amount by accepting a bill of exchange in favour of nishant ltd. The remaining amount was paid by issuing equity shares of 100 each at a premium of 25% to nishant ltd. Amount to be credited to share capital Account will be

Posted by Vaibhav Upadhyay 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Aman Singh 3 years ago

6,40,000

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Please suggest me some sample paper for term 1 accounts eco bst

Posted by Naitik Katiyar 3 years ago

CBSE > Class 12 > Accountancy

2 answers

Gungun Pandey 3 years ago

Arihant

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Vansh Bhardwaj 3 years ago

Accounts refer to ts grewal

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A and

Posted by Abhiman Dubey 3 years ago

CBSE > Class 12 > Accountancy

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Harish Ltd forfeited 500 share of rs 100 rach issued at a permium

Posted by Yashi Vijay 3 years ago

CBSE > Class 12 > Accountancy

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Pankaj and dinesh were in partnership sharing profits and losses in the ratio 2 : 1 they admitted vaanya as a new partner vaanya brought 120000 as her share of goodwill premium which was entirely credited to Pankaj capital account on the date of admission Goodwill of the firm was valued at 360002 there was a debit balance of 30,000 in the profit and loss account on the basis of the above information answer the following question : 1. what is the new ratio between Pankaj and Dinesh and Vandana. A)1:1:1 b) 2:1:1 C)3:1:1 D) 1:1:2 2. The entry for distribution of premium

Posted by Suji Priya 3 years ago

CBSE > Class 12 > Accountancy

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Sample paper of accounts class 12th plz

Posted by Sweta Tiwari 12B 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Chirag Khanna 3 years ago

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What are debentures ??? ( in easy words ) ?

Posted by Shourya Yadav 3 years ago

CBSE > Class 12 > Accountancy

3 answers

Gungun Pandey 3 years ago

Long term loans

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Yash James 3 years ago

public gives loan to a company , debenture is like a promissory note to public that it will give money back to public with interest to its debenture holders , Note :- no banking process involved here !

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Raman Bajwa 3 years ago

It's like a loan

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Is shareholder's fund a Non Current Liability?? ?

Posted by Shourya Yadav 3 years ago

CBSE > Class 12 > Accountancy