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Posted by Aashish Patel 3 years ago

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revaluation of assets and liabilities sharing profits and losses equally. 2.anbu.bhajan and chandra were in partnership sharing profits and losses equally. on 1.2011 anbu theatre ade buildings 4 900 capital and 8 000 s capital a/ 8000 sundry debtors 6 980 capital a/c 8 000 sundry debtors 6 980 chandra 6 800 sundry debtors 8 000 creditors 6 9258 crea 6 928 cash 6 9258 cash 6 92 528 creditors 6 92 528 land and buildings rs. 5 800 ; plant & machinery rs. 6 564;

Posted by Ss Ss 3 years ago

CBSE > Class 12 > Accountancy

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Pankaj and Dinesh were in partnership sharing profits and losses in 2:1 they admitted vaanya

Posted by Sneha Singh 3 years ago

CBSE > Class 12 > Accountancy

0 answers

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Pankaj and Dinesh were in partnership sharing profits and losses

Posted by Sneha Singh 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Jashan Kaur 3 years ago

Equally

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given below is the balance sheet of Krishna and Suresh you are partners in the farm sharing profit in the ratio of 3 : 2. creditors 15000 reserves 5000 capital accounts Krishna 30,000 Suresh 20000 plant and machinery 30,000 patients 5000 furniture 3000 stock 16000 15000 cash 1000 on the date Mohan is admitted as a partner for one feature on the following terms he is to contribute 40,000 as his share of capital which includes his share of premium for goodwill Goodwill is valued at 2 years purchase of beverage profits for the last four years which were 10000 9000 8013 thousand planned to be written down to 25000 and patterns be written up by 8000 a joint life policy taken in the name of the partners for 50000 on which premium have been paid has a surrender value of 7000 prepare revaluation account partners capital account and balance sheet of the new farm.

Posted by Debmalya Chakraborty 3 years ago

CBSE > Class 12 > Accountancy

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Project Question 1 Following is the financial statements of Adlux Properties Ltd for the year ended 31^ e1 March 2020 Statement of Profit or Loss for the year ended 31 ^ (st) March 2020 and 31 ^ (st) * M * a * r * c * h 2019 Particulars Gross Revenue from operations Cost of Generating Revenue Indirect Expenses including overheads Income Tax paid Balance Sheet as on 31.03.2020 & 31.03.2019 SI No I. II, EQUITY & LIABLITIES Share Capital Reserves & Surplus Secured 10% Redeemable Debentures Mortgage Loans from ICICI Bank Current Liabilities & Provisions 31.03.2020 Rs.In^ prime 0; 1,20,000 60,000 10,000 20,000 31.03.2019 Rs. In '000 90,000 50,000 10,000 10,000 31.03.2020 Rs. In '000 20,000 30,000 20,000 10,000 10,000 90,000 31.03.2020 Rs. In '000 30,000 15,000 5,000 10,000 15,000 15,000 90,000 31,03,2019 Rs. In '000 20,000 20,000 30,000 10,000 8,000 88,000 31.03.2019 Rs. In '000 25,000 20,000 5,000 13,000 15,000 10,000 88,000 IV V. Total ASSETS & PROPERTIES Fixed Assets on Tangible Properties Fixed Assets on Intangible items 10% Investments in Floating assets 12% Investments in Equities Current Assets excluding Inventory Inventory VI VII VIII. IX. X. XI. Total From the above financial statements calculate accounting ratios and analyse the performance of the company for 2019 and 2020

Posted by Laxmi Kumari 3 years ago

CBSE > Class 12 > Accountancy

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Anita and banita

Posted by Anshika Gugnani 3 years ago

CBSE > Class 12 > Accountancy

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The amount of sundry assetstransfered to realization account was₹80000, 60%of them have been sold at a profit of₹2000, 20%remaining were sold a discount of30%and remaining were taken over by Z, a partner of book value, journalise.

Posted by Tapojit Bhattacharjee 3 years ago

CBSE > Class 12 > Accountancy

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Please suggest me some sample paper for term 1 accounts ....

Posted by Naitik Katiyar 3 years ago

CBSE > Class 12 > Accountancy

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Which of the following assets is not taken into consideration in calculating acid test ratio?

Posted by Yash Mishra 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Nandani Moolchandani 3 years ago

Inventory and prepaid expenses..

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Preliminary expenses are shown in the balance sheet under the head?

Posted by Yash Mishra 3 years ago

CBSE > Class 12 > Accountancy

1 answers

Nandani Moolchandani 3 years ago

Current asset

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MIG Ltd. forfeited 40 shares of 10 each issued at a premium of 40% to Raj who had applied for 48 shares. After having paid 36 (including 2 premium), he did not pay allotment money of 2 (including 1 premium) and on his subsequent failure to pay the first call of 3 (including 1 premium) his shares were forfeited. The amount to be credited to Forfeited Shares Account is

Posted by Vanshika Arora 3 years ago

CBSE > Class 12 > Accountancy

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Suresh and Mahesh are partners sharing profits and loss in the ratio of 2:1 and their balance sheet as on 31/3/21

Posted by Bbbb Bbbbb 3 years ago

CBSE > Class 12 > Accountancy

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Calculate the amount of second & final call when Abhijit Ltd, issues Equity shares of ₹10 each at a premium of 40% payable on Application ₹3, On Allotment ₹5, On First Call ₹2.

Posted by Ashu Bansal 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Nandani Moolchandani 3 years ago

Answer is 4

3Thank You

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Vani and Sandya are partners

Posted by Sagar Surya 3 years, 1 month ago

CBSE > Class 12 > Accountancy

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A and B are partners sharing profit and losses in the ratio 5 :4 . C is admitted for1/5th share. A and B decide to share equally in future. Find out sacrificing ratio.

Posted by Khushman Kaur 3 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Sia ? 3 years, 1 month ago

To Calculation of new profit sharing ratio:

A's new ratio= old ratio-sacrifice

= 5/10-1/5

= 3/10

B's ratio= 4/10

C's new ratio= 1/10+1/5

= 3/10

New ratio= 3:4:3

Sacrificing ratio:

A's sacrifice= 1/5

C's gain= 1/5

The new profit sharing ratio= 1:1:1

Calculation of sacrificing ratio:

A's sacrifice = 5/10-1/3

= 5/30

B's sacrifice= 4/10-1/3

= 2/30

Sacrificing ratio= 5:2

C's gain= 7/30

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Nandani Moolchandani 3 years ago

1:1

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If Total sales is ₹2,50,000 and credit sales is 25% of Cash sales. The amount of credit sales is:

Posted by Shriyansh Singh Thakur 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Mukul Sharma 3 years, 1 month ago

₹50,000

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Aamara madhura and prema are partners sharing profit and loss in the ratio of 2:1:1 dissolution account

Posted by Sakshi H 3 years, 1 month ago

CBSE > Class 12 > Accountancy

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Aanil and sunil are partners in a firm dissolution account

Posted by Sakshi H 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 1 month ago

Please complete your question

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A and B are paetners

Posted by Tarun Gupta 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 1 month ago

What is your question?

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Mcq business studies have

Posted by Vijay Kumar 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Radha Sharma 3 years, 1 month ago

Yup

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Jaya Ltd issued 60,000 shares of Rs 10 each at a premium of Rs 2 per share payable as Rs 3 on application, Rs 5 (including premium) on allotment and balance on the first and final call. Applications were received for 82,000 shares. The directors resolved to allot as follows (i)Applicants of 30,000 shares — allotted 20,000 shares (ii)Applicants of 50,000 shares — allotted 40,000 shares (iii)Applicants of 2,000 shares — Nil Ramesh who had applied for 900 shares in category (i) and Suresh who was allotted 600 shares in category (ii) failed to pay the allotment money. These shares were forfeited after non payment of 1st call. 800 shares were reissued @ Rs. 8 per shares including all shares of Suresh. Pass necessary journal entries.

Posted by Himanshu Jain 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Vijay Kumar 3 years, 1 month ago

36Thank You

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Q14

Posted by Padma Bhujel 3 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

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Financial statements of a company

Posted by Sujal Patni 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Rahul Verma 3 years, 1 month ago

What is credit

6Thank You

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Calculate Gross profit ratio from the following information Cash revenue operation 20 percentage of total revenue from operations credit revenue from operations rs 80000, purchase rs 65000, excess of opening stock over closing stock rs 20000

Posted by Sneha Srivastava 3 years, 1 month ago

CBSE > Class 12 > Accountancy

2 answers

Sneha Srivastava 2 years, 11 months ago

15 percentage kaise aayq hai

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Pubg Free Fire 3 years ago

Answer is 15%

1Thank You

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Anita and babita sharing profits and loss 3:1

Posted by Sakshi Singh 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 1 month ago

Please complete your question

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ACCOUNTS PROJECT 15-20 TRANSACTION STORY TYPE

Posted by Shruti Choudhary 3 years, 1 month ago

CBSE > Class 12 > Accountancy

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Good will of a partnership firm is 1000000 calculated on 2.5 years purchase of average profit of last 3 years What is the value of x 2021 - 700000 2020 - X 2019 - 300000 Option a - 6500000 B- 400000 C- 200000 D - 1500000

Posted by Krish Wadhwa 3 years, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Pubg Free Fire 3 years ago

1000000/2.5 = 400000 700000 + 300000 + ? /3 = 400000. 1000000 + ? = 400000× 3. ? = 1200000- 100000= 200000

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blue rose registered with an authorised capital of 200000 divided 20000 share of 10 rupee each on jan 1st 2015 it decided to issue 10000 share at premium of 10%

Posted by Utsav Bhardwaj 3 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

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. Mohan Ltd. issued 50,000 shares of 20 each. It received applicationsfor 45,000 shares and these were accepted. It did not make final call of 5. Ram holding 1,000 shares did not pay share first call of 5 and his shares were forfeited. Y failed to pay share first call on 2,000 shares. Show how the share capital will appear in the Balance Sheet of the company as on 31st March, 2020? [Ans. Share Capital 6,60,000; Notes to Accounts : Subscribed but not fully paid * 6,60,000 of which 10,000 (Calls-in-Arrears); and Add : Share Forfeiture A/c 10,000]

Posted by Utsav Bhardwaj 3 years, 1 month ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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