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

Capital reserve is a reserve which is used at the time of dissolution whereas reserve and surplus are profits which will be distributed among partners in their profit sharing ratio at the end of the financial year of a firm i.e. 31st march 20XX or 1st january 20XX

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Retirement

Posted by Ranjeet Ranjeet 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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What is the formula of liquid ratio.??

Posted by Kartik Goyal 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Radhika Garg 8 years, 6 months ago

Liquid assets/current liabilities

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What is the perfect method to calculate Share forfeiture.......:::??

Posted by Kapil Singh 8 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Jyoti Joy 8 years, 6 months ago

Always remember that in forfeiture only received amt. Is written

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Akshay Suneja 8 years, 6 months ago

By two ways you can calculate share forfieture :- 1. By adding all payments received like share application share allotment share first and final call 2. By taking a balancing figure by subtrating credit side from debit side but be careful while taking it because if you forget anything like security premium reserve then you could lose your marks.

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what is security premium reserve?

Posted by Nikhila Devi 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Akshay Suneja 8 years, 6 months ago

When shares are issued at interest like a share is of Rs100 and company is issuing it at a price of Rs120 then the excess amount i.e. Rs20 is shifted to security premium reserve

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A ltd. Company started with a capital of ₹5,00,000 divided into 50,000 shares of₹10 each issued 40,000 shares payable as: ₹2 on application, ₹3 on allotment and the balance on final call. All the shares issued are fully subscribe and paid up. Pass the necesaary journal entries to record the above issue.

Posted by Abhilasha Kumari 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Akshay Suneja 8 years, 6 months ago

Bank a/c ............Dr. 80000 To share application a/c 80000 Share application a/c....Dr. 80000 To share capital a/c 80000 Share allotment a/c.......Dr. 120000 To share capital a/c 120000 Bank a/c............Dr. 120000 To share allotment a/c 120000

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What is shrares and whats its existence

Posted by Shorvari Suxena 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Chapter 3 page 3.156 question 80 of Dk goel

Posted by Jaskaran Singh 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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What is ganing ratio

Posted by Ankit Dayal 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Kumar 8 years, 6 months ago

Which ratio gained by partners

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What are shares

Posted by Anchal Gupta 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Dayal 8 years, 6 months ago

Share is a source of collecting of capital for an company

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Sharr capital

Posted by Anchal Gupta 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Ankit Kumar 8 years, 6 months ago

Capital collected by share holders

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Ncert Reconstition of partnership-change in.... Partners

Posted by Siddhant Kumar 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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ABC Ltd issued 100000, 8% debenture of rs 10 each at rs 12 on 1st April 2016 .the issued was fully subscribed .in terms if the issued of debenture ,interest was payable yearly at the end of the financial year.interest and TDS were paid on 31st March 2017 .TDS was deducted in interest @10%. Pass the journal enteryies

Posted by Dimple Sambhariya 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Journal entry of Ram loan 500 discharged at 600 in the case of dissolution of partnership firm when Harsh and Ram is a partner.

Posted by Ritu Raj Gaurav 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Definaton of balance sheet

Posted by Jyoti Roy 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Mayur Patidar 8 years, 6 months ago

balance diet is what ever we eat through out the day with proper praportion of carbohydrates, protein, fat, vitamins, minerals and water

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partnership include how many chap

Posted by Shivam Jaggi 8 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Kumar 8 years, 6 months ago

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Sarika Agarwal 8 years, 6 months ago

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Enumerate the factors that affect the valuation of goodwill

Posted by Lavanya Kethavarapu 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Alviya Kausar 8 years, 6 months ago

location of business manegerial efficiency possession of liscence

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Ashish and aakash are partners sharing profit in the ratio of 3:2 .their capital account showed a credit balance of R.s 500000 and R.s 600000 respectively as on 31 March, 2017 after debit of drawing during the year of R.s 150000 and 100000

Posted by Himanshu Pandey 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Ascertain the value of goodwill on the basis of two years purchase of average profit of last three years firm earned net profit during last three year 2013 Rs.23000, 2014 Rs 25000,2015Rs27000.It was found closing stock of 2013 &2014 was overvalued by Rs 2000&3000 and remuneration Rs 5000 every year and insurance premium Rs. 500p.a.omitted to be adjusted in the books of accounts

Posted by Sanjeev Agarwal 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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What is partnership

Posted by Ajay Chavan 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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If x open a business n y join x close y open z claim find the journal entry

Posted by Bhotik Adwani 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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Provisions relevant for accounting

Posted by Krishna Dixit 8 years, 6 months ago

CBSE > Class 12 > Accountancy

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X, Y&Z were partners sharing profit on ratio 5:3:2. Their capital were 300000,200000,100000.for the year 2005 interest on capital was credited to them @9% p.a instead of 10% p. a. pass adjustment entry to rectify the error

Posted by Abhishek Namdev 8 years, 6 months ago

CBSE > Class 12 > Accountancy

2 answers

Sunny Malhotra 8 years, 6 months ago

And cr firm by 54000 then cr x by 30000 u by 20000 and z by 10000 and Dr. Firm by 60000

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Sunny Malhotra 8 years, 6 months ago

Make an adj table dr x by 27000 dr y by 18000 and dr z by 9000 and cr

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P and Q are partners sharing profits in the ratio of 3:2.They admit R,a new partner who acquires 1/5 of his share from P and 4/25share from Q calculate new profit sharing ratio and sacrificing ratio

Posted by Saim Khan 8 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Rohan Goyal 8 years, 6 months ago

We didn't know that what is share of R and we are given that R acquire 1/5 of his share from P And 4/25 share from Q So let R's share -x SO,x=1/5x+4/25 x-1/5x=4/25 Hence x become =1/5 Sacrifice of P=1/5×1/5=1/25 Sacrifice of Q=4/25 Hence sacrifising ratio=1:4 New shares- P=3/5-1/25=14/25 Q=2/5-4/25=6/25 R=1/5×5/5=5/25 Hence new ratio-14:6:5

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Gjv

Posted by Anil Tiwari 8 years, 6 months ago

CBSE > Class 12 > Accountancy