CBSE > Class 12 > Accountancy | CBSE Board | Homework Help

No B's claim is invalid. Reason-in the absence of partnership deed int on loan is provided @6% p.a..So he can only claim for 6% int not the usual int rate of the bank.

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Radhika Garg 8 years, 5 months ago

No his claim was not correct

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ANSWER

Debt equity ratio mean

Posted by Harish Bhatia 8 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Harish Bhatia 8 years, 5 months ago

Thanks

0Thank You

Dharti Damor 8 years, 5 months ago

Ratio of the total long term debt & equity capital in the business. OR. The relative contribution of the creditor & shareholders or owner in the capital employed in business

1Thank You

ANSWER

Why purchased goodwill is not use for compensation

Posted by Dhruv Chawla 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is the meaning of contengible liability

Posted by Piyush J 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Yash Arora 8 years, 5 months ago

suddenly hone wali liability eg sudden claim by creditors

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ANSWER

Ajanta Ltd. Decided to redeem $100000 ,12%debentures .It purchased $60000 debentures from open market at $95 per deb..The face value of each debenture was$100.the balance of $40000 debentures were redeemed out of profit Company made provision for debenture redemption reserve

Posted by Khushi Mander 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

W ltd. Issued10,000 shares of 100 each .during the year only Rs80 were called payable as follow On application. Rs 25 On allotment Rs 20 On 1call Rs 20 On 2and final call. Rs 15 Amount were received as follow On 8000 share the full amt called On 1,200 shares Rs 65 per share On 500 shares Rs 45 per share On 300 shares Rs 25 per share The director forfeited those shares on which less than Rs 65 per share were received .show entries in the cash book and journal and show the share capital in the balance sheet.

Posted by Shreyanshi Shukla 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

radha mohan ltd.invited application for issuing 400000 equity shares of 150 each.the amount was payable as follows: on application 15 on Allotment 25 on 1st & final call 10 Application for 600000 shares were received& pro rata allotment was made to all the applicants .

Posted by Mansi Jain 8 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Anshika Goel 5 years, 2 months ago

vhhbb

33Thank You

Vansh Tiwari 6 years, 3 months ago

ans

40Thank You

ANSWER

Why premium on redemption is credited in redemption entry

Posted by Lalit Sharma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Nidhi Yadav 8 years, 5 months ago

During issue of debentures premium is credited. During redemption of debentures premium is debited.

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ANSWER

E and F were partners in a firm sharing profits in the ratio 3:1. They admitted G as new partner on 1st April 2017,for 1/3rd share. It was decided that E.F and G will share future profit equally. G brought rs 50000 in cash and machinery worth 70000 for his share of profit ad premium of goodwill. Pass journal entries in the book of the firm

Posted by Akash Verma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Company 50 transactions with ledger,trial, Pl account, balancesheet

Posted by Afreen Khan 8 years, 5 months ago

CBSE > Class 12 > Accountancy

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ANSWER

Q.58. Jay ltd issued a prospectus inviting applications for 100000 shares of Rs.10 each.These shares were issued at par on the following terms: On application Rs.2.50,on allotment Rs.2.50,on first call Rs.3 and on final call the balance. Applications were received for 135000 shares.Allotments were made on the following basis: (i) To applicants for 25000 shares-in full (ii) To applicants for 60000 shares-45000 shares (iii) To applicants for 50000 shares-30000 shares All excess amount paid on application is to be adjusted against amount due on allotment. All shares on which calls were not paid were forfieted by the board of directors 1800 forfieted shares we're re-issued as fully paid on receipt of Rs. 9 per share. Prepare cash book and journal entries to record the above.

Posted by Kaneez Fatma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Sanya Singh 4 years, 3 months ago

i want answer

47Thank You

Jayashriben Jayashriben 2 years, 5 months ago

answer

58Thank You

ANSWER

Opening trade receivables rs 10,000; Total revenue from operations rs 4,00,000; Cash revenue from operations being 2/5th of total revenue from operations; Revenue from operations return rs 60,000 (1/3rd out of cash revenue from operations); Closing trade receivables were four times than that in the beginning. Calculate Trade Receivables Turnover Ratio and Average Collection Period.

Posted by Karishma Mohata 1 year, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Mehak Jain 1 year, 7 months ago

8 times is correct

26Thank You

Mehak Jain 5 years, 2 months ago

5 times

12Thank You

ANSWER

How many times the question of retirement during an accounting year have been asked??

Posted by Ritika Agarwal 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Ncert solutions of accounts

Posted by Gurleen Kaur 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

i want to learn accounting ratios

Posted by Nikhil Kataria 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is debenture

Posted by Vishal Chaurasia 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Shraddha P 8 years, 5 months ago

A debt instrument used to raise long term finance is known as Debenture

1Thank You

ANSWER

SRCC LIMITED HAS ISSUED ON 1ST APRIL 2016 20000 12% DEBENTURES OF ANDROID IS REDEEMABLE BY DRAW OF LOTS AS UNDER DURING THE YEAR ENDED UP ON 31ST MARCH 2017 15% DURING THE YEAR AND DATE ON 31ST MARCH 2018 25% DURING THE YEAR ENDED ON 31ST MARCH 2019 15% DURING THE YEAR ENDED ON 31ST March 2020 25% DURING THE YEAR ENDED 31ST MARch 2021 20% HOW MUCH MINIMUM INVESTMENT OR DEPOSIT SHOULD WE EAT MEAT BUYERS ARE SEEKING LIMITED AS PER COMPANIES ACT 2013 BEFORE REDEMPTION OF DEBENTURE ?WHEN SHOULD IT BE MADE?

Posted by Pooja Bhardwaj 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Project

Posted by Vishwapriyaraj G S 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Nature of share application share allotment and share capital account and first call account personal/real/nominal account and why

Posted by Harish Bhatia 8 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Harish Bhatia 8 years, 5 months ago

Sorry I think these are personal account

1Thank You

Virat Rai 8 years, 5 months ago

Nominal

2Thank You

ANSWER

What is the exact meaning of sweat equity share

Posted by Akash Sharma 8 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Shiva ltd issued 100000 equity share of 10 each at a premium of 5 per share the whole amount was payable on applicable the issue was fully subscribed pass necessary journal entry

Posted by Aman Panwar 8 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Ritul Singh 8 years, 5 months ago

Bank a/c. Dr. 15lacs To equity share application and allotment. 15lacs Equity share application. and allotment a/c. Dr.15lacs To equity share capital a/c. 10lacs To security premium reserve a/c. 5lacs

2Thank You

ANSWER

Any change in lesson issue of debenture

Posted by Sangeeta Munjal 8 years, 5 months ago

CBSE > Class 12 > Accountancy