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Calculate return on investment from the following information: Net profit after tax 650000; 12.5% convertible debenture 800000; income tax 50%; fixed assets at cost 2460000; depreciation reserve 460000; current assets 1500000; current liability 700000

Posted by Jaideep Siwach 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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How to transfer Goodwill to partners capital in easy way

Posted by Monty Sharma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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What is the treatment of securities premium reserve in case of forfeiture?

Posted by Pragya Jha 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Nitin Kumar 8 years, 5 months ago

securities premium reserve will be debited in case of forf.

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How we get good marks

Posted by Deepanshu Goswami 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Accountacy

Posted by Navneet Sharma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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what are super profits

Posted by Manan Maloo 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Varun Banda 8 years, 5 months ago

Super profit is the excess of average profits over normal profits. Under this method, goodwill is calculated on the basis of super profits. Normal rate of return on the capital employed is compared with the actual average profits to find out the super profits.

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What is section 69 company act 2013

Posted by Durgesh Kumar 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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There are no ques for accounting for companies

Posted by Sanchita Singh 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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how much of theory portion comes in accountancy board exam?

Posted by Alina Rana 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Reserve capital

Posted by Naveen Singh 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Different between fixed and flatuating capital

Posted by Ankit Singh 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Z Ltd. issued Equity shares of Rs. 100 each at a premium of Rs. 10 per share for the purchase of furniture of Rs. 99,000. Pass journal entry for issue of shares.

Posted by Neeraj Kumar 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Namrata Aggarwal 8 years, 5 months ago

Furniture a/c Dr. 99000 To vendor a/c. 99000 Vendor a/c. Dr. 99000 To equity sh. cap a/c. 90000 To SPR a/c. 9000

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What is Profitability analysis

Posted by Numan Bhat 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Why debenture is only issued as a collateral security??

Posted by Aditya Prakash 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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I want video's

Posted by Shiva Shiva 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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ABC capital 160000

Posted by Satyam Pawnar 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Treatment of premium on redemption of debentures in cash flow statement when given as adjustment

Posted by Namrata Aggarwal 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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How to treat hidden goodwill

Posted by Gaurav Tripathi 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Question no. 83 in D.k.Goyal in cash flow statement

Posted by Nirmal Kumawat 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Workmen's compensation reserve is 50000. In adjustment it's given that the liability against workmen's compensation reserve is determined at 20000. What amount will go in partner's capital A/c? (Admission)

Posted by Yamini Kumari 8 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Yamini Kumari 8 years, 5 months ago

Oh thanks

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Namrata Aggarwal 8 years, 5 months ago

30000

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Why only contingency reserve appearing in the balance sheet is distributed among the partners while calculating interest on capital and not general reserve ?

Posted by Shristi Rajgarhia 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Share capital

Posted by Aryan Garg 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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How make realisation account

Posted by Ashish Pandey 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Amount credit to a retiring partner in his capital ACC. Us 2,01'000 he took over investment at ₹58,000 he took over 20%of the deb.

Posted by Swati Mishra 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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how to calculate interest on debentures when 50000,12%debentures were issued on31.03.2016

Posted by Sneha Chand 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Shubham Kaithwas 8 years, 5 months ago

(1) A company issued 8% Debentures of the face value of $100,000 in Year 2 (repayable in Year 12). Then, the debenture interest due for the year = 8% * $100,000 = $8,000. (2) CK Company issued 10% Debentures of the face value of $200,000 at a discount of 6% on 1 January 2010. A half-year's debenture interest is unpaid during the year. Calculate the debenture interest that must be transfered to profit and loss account for the year ended 31 December 2010. Solution: Total interest on debentures = 10% * $200,000 = $20,000 (Note that this full amount must be charged to the profit and loss account, whether paid or not).

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Format of horizontal balance sheet

Posted by Irine Mariam 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Y ltd. Forfeited 100 equity share of Rs.10 each for the non payment of first call of RS.2 per share. The final call of Rs.2 per share was to be made . calculate the max. amount of discount at which these shares can be re- issued.

Posted by Disha Sharma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Kirti Chawla 8 years, 5 months ago

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Arti Ltd issued 80000 shares of Rs 10 each at prem. Of 8 per share. The amount was payable as on appl. Rs 9(5) and balance on allotment. Application were received for 140000 shares and allotment was made as under list : A. Appl. Of 80000 alloted 60000 . B. Appl. Of 60000 alloted 20000 . Mr. A holder of 3000 shares failed to pay allot. calculate the amt received from allotment.

Posted by Gurpreet Kaur 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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How to write off discount when debentures are redeemable in instalments .. Is it in the ratio of debentures being redeemed (TS Grewal) or in the ratio of balance debentures(DK Goel) ?

Posted by Shubh Goel 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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Amit Rao 8 years, 5 months ago

When the debenture are redeemed by installment the discount or loss on issue of debenture should be written off in the ratio in which the amount of debenture has he been used for example if the developer of 5 lakh has been issued at 6% discount and the debentures of Rupees 1 lakh Arya payable are repayable each year the amount of discount will be return of each year in the ratio of debenture outstanding at the beginning of ECR each year in this case in this case the amount of discount transferred to statement of profit and loss account will be in ratio of 500000 ratio 400000 ratio 300000 ratio 200000 ratio 100000. The reason is the reason is that in the first year company as utilised large amount of funds example rupees 5 lakh in the business where else in the subsequent years it has used lesser amount points example 4 lakh 3 lakh 2 lakh 1 lakh respectively as such the amount of discount transferred to statement of profit and loss account will be in the ratio 5 ratio 4 ratio 3 ratio 2 ratio 1

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How to write off loss on debentures

Posted by Shanmuga Priyan 8 years, 5 months ago

CBSE > Class 12 > Accountancy