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

No products in the cart.

Ask questions which are clear, concise and easy to understand.

Ask Question

P and q are partners sharing profits in the ratio 1:2. R was manager who received the salary of 10000 p.m. in addition to commision of 10% on net profits after charging such commission. Total remuneration to R amounted to 180000. Profit for the year before charging salary and commission was

Posted by Charchit Garg 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Charu &harsha were partners in a firm sharing profit in the ratio of 3:2 on 1-4-2019 their balance sheet was as follows. Vasanth was admitted for1/4 share in profit of the firm. Prepare revolution account, partners account, balance sheet

Posted by Kavyashree S S 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Calculate the Value of equity shares by yield method: 1000, 14% preference shares 100each. 20000 equity shares 10 each. Annual profit rs190000 ,

Posted by Poonam Thakur 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Prize awarded to students on the college day capital or revenue

Posted by Adarsh R B 4 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Palak Bhardwaj 4 years, 5 months ago

Revenue

ANSWER

A and b are partners with his profit sharing ratio of 2 ratio 1 and capital of 300000 and two lakh respectively they are allowed 6% per annum interest on their capital and are class 10% per annum interest on their drawing their drawing during the year where a rupees 60000 and the rupees 40000 20 year of net profit as for profit and loss appropriation account amounted to 40000 net profit of the firm before any appropriation was:

Posted by Priyanshu Jaiswal 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and b are partners with a profit sharing ratio of 2 ratio 1 and capital of 300000 and two legs respectively they are allowed 6% per annum interest on their capitals and are charged 10% per annum interest on their growing their drawing during the year where a rupees 60000 and b is rupees 40000 bees share of net profit as for profit and loss appropriation account amounted to rupees 40000 net profit of the form before and appropriation was: Please Give the solution of this question

Posted by Priyanshu Jaiswal 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

X and y contribute 20000 and 10000 respectively towards capital . they decided to Allow interest on capital 6% per annum. their respective share of profit is 2 : 3 and the net profit for the year is 1500 .show distribution of profit .where there is no agreement except for interest on capital and where there is an agreement that the interest on capital as a charge.

Posted by Dipanshi Agrawal 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

calculate operating surplus from the following data

Posted by Kalpna Chhetri 4 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 5 months ago

Please ask question with complete information.

ANSWER

Calculate the income from subscription for the year 2020-21 to be credited to income and expenditure account from the following information relating to a club

Posted by Kanan 25 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Neerav and madhur were partner in a firm they admit gopal in a firm

Posted by Manvi Saraswat 4 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 5 months ago

Please ask question with complete information.

ANSWER

Neerav and madhur are partners sharing

Posted by Radhika Gupta 4 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Manvi Saraswat 4 years, 5 months ago

Neerav and Madhura partner uniform care share profit in the ratio of 3 ratio 2 they decided to admit proper into a partnership for one fourth share on profit he bring his share of goodwill in cash and proportionate capital at the time of admission the balance sheet of Nirav and madhur as under

Sia ? 4 years, 5 months ago

Please ask question with complete information.

ANSWER

. Z is a partner in a firm. He withdrew regularly ?2,000 every month for the six months ending 31st March, 2019. If interest on drawings is charged @ 8% p.a. the interest charged will be

Posted by Kritika Bhatnagar 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

X , Y and Z are partners sharing profits in the ratio of 3:2:1 . They decided to share future profits in the ratio 2:1:1. Thus, C's sacrifice/ gain will be

Posted by ༄Aℓi࿐• Ayan 4 years, 5 months ago

CBSE > Class 12 > Accountancy

3 answers

Ankita Gupta 4 years, 5 months ago

-1/12 will be gain

Neelima Maurya 4 years, 5 months ago

C's sac/gain = 1/6 - 1/4 1×4/6×4 - 1×6/4×6 4/24 - 6/24 (2/24) gain

༄Aℓi࿐• Ayan 4 years, 5 months ago

X , Y and Z are partners sharing profits in the ratio of 3:2:1 . They decided to share future profits in the ratio 2:1:1. Thus, C's sacrifice/ gain will be

ANSWER

L, M and N were partners in firm sharing profits in the ratio of 3 : 4 : 5. Their fixed capitals were L Rs.4,00,000, M Rs. 5,00,000 and N Rs. 6,00,000 respectively. The partnership deed provided for the following: a) Interest on capital @ 6% per annum. b) Salary of Rs. 30,000 per annum to N. c) Interest on partner’s drawings will be charged @ 12% per annum. During the year ended 31st March, 2008 the firm earned a profit of Rs. 2,70,000. L withdrew Rs. 10,000 on 1st April, 2008, M withdrew Rs. 12,000 on 31st September, 2008 and N withdrew Rs. 15,000 on 31st December, 2008. Prepare profit and loss appropriation account for the year ended 31st March, 2009. (6)

Posted by Ritika Chauhan 4 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 5 months ago

ANSWER

Swadesh and sivaraj were partners sharing profits equally. Their balance sheet as at 31st march 2020 was;

Posted by Dia Robins 4 years, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 5 months ago

Please ask question with complete information.

ANSWER

How do you classify the following receipts into revenue and capital ? a) Legacies - b) Grant for construction of pavillion - c) Sale for furniture d) Sale of used sports material e) Prize fund donations

Posted by Piali Dutta 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and b commenced a partnership business on 1 st April,2016.with capital of Rs 50000 and 40000 respectively according to the partnership deed b is entitled to salary of Rs 1000 per month and internet is to be allowed on @6% per annum

Posted by Aishwarya Shukla 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

On 31st March 2010 the balance in capital account of Abhi Bobby and we need after making adjustments for profit and during the drawings were 800006 left for left respectively subsequently it was discovered that interest on capital and interest on drawing has been omitted the partners were entitled to interest on capital at the at 10% per annum and work to be charged interest on drawings 6% per annum address during the year award abhi to 20,000 Rose at the end of each month Bobby 50000 drawn at the beginning of every half year and we need one lakh withdrawn on 31st October 2017 the net profit for the year ended 31st March

Posted by Hirday Gautam 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Peter micky and johan are partners

Posted by Arsh Kaur 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

4. Ashish and Aakash are partners sharing profits in the ratio of 3 : 2. Their Capital Accounts had credit balances of ` 5,00,000 and ` 6,00,000 respectively as on 31st March, 2020 after debit of drawings during the year of ` 1,50,000 and ` 1,00,000 respectively. Net profit for the year ended 31st March, 2020 was ` 5,00,000. Interest on capital is to be allowed @ 10% p.a. Pass the Journal entry for interest on capital and prepare Profit and Loss Appropriation Account.

Posted by Harish Patre 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

0.71 W and R are parmers in a firm sharing profits in the ratio of Balance Sheet as at 31st March, 2016 was as follows: Balance Sheet of # and R as at 31-3-2016 20.00 Cash Their Plan & Machinery On the above date C was admitted for 1/6th share in the profits on the following th will bring 710, 000 as his capital and 10,000 for his share of goodwill premium, half of which will be withdrawn by W and R tin Debtors + 1.50 will be written off as bad debts and a provision of 5% will be created for had and doubtful debts on Outstanding salary will be paid off (A) Stock will be depreciated by 10%, furniture by 500 and Plant and Machinery 0) Investments £2.500 not mentioned in the balance sheet were to be taken into () A credite of tau > 160 oot recorded in the banks was to be taken into account. Pas necessary Journal Entries for the above transactions in the books of the firm YCBSE 2017, Delhi [Ass. Prodli on Revolution 5.625.1

Posted by Yograj Sharma 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Amar and akbar are equal partners in a firm.they admitted Anthony as a new partner and the new profit sharing ratio is 4:3:2. Anthony could not bring this share of goodwill Rs.45,000 in cash. it is decided to do adjustment for goodwill without opening goodwill account. Pass the necessary journal entry for the treatment of goodwill?

Posted by Aleena Mathew 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A company issued for public subscription … Homework Help CBSE Class 12 Accountancy CBSE, JEE, NEET, NDA CBSE, JEE, NEET, NDA Question Bank, Mock Tests, Exam Papers NCERT Solutions, Sample Papers, Notes, Videos A company issued for public subscription 50,000 Equity Shares of 10 each at a premium of 2 per share, payable as under: On application On allotment On first call On final call 2 per share 5 per share 2 per share 3 per share Applications were received for 75,000 Equity Shares. The shares were allotted on pro rata basis to the applicants for 60,000 shares, the remaining applications being rejected. Money overpaid on applications was utilised towards sum due on allotment. A, to whom 2.000 shares were allotted, failed to pay allotment and calls money and B, to whom 2,500 shares were allotted, failed to pay the two calls. These shares were, subsequently, forfeited after the final call was made. All the forfeited shares were reissued to X as fully paid-up e78 per share. Pass Journal entries to record the above transactions.

Posted by Jatin Virwani 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

The partner of a firm distributed profit for the year ended 31 march 2021

Posted by ༄Aℓi࿐• Ayan 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Subscription received by safdarjung club during the year 2015-16 was Rs.30000 other details are as follows:- 31.3.15 31.3.16 Subscription in 5000 2500 Arrears Subscription 3000 7000 Received in advance Prepare subscription outstanding subscription account and subscription received in advance account From the following details of subdarjung club calculate amount of subscriptiin to be in the income & expenditure account for the year ended 31st march 15 subscription were received during the year 2014-15 as:- For the year 2013-14 Rs.2000 For the year 2014-15 Rs.30000 For the year 2015-16 Rs.300 Subscription outstanding as on 31st march 14, were Rs.3500 out of which Rs.500 were considered to be irrecoverable. On the same date, subscription received in advance for 14-15 were Rs.2000 subscriptions outstanding on 31st march 15 were Rs.6000.

Posted by Aasib *** 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Subscription received by safdarjung club during the year ended 31st Dec 2015 are as follows:- For 2014-Rs. 400 For 2015-Rs. 21000 For 2016-Rs.800 Rs.22200 Their are 450 members each paying an annual subscription of Rs.50,Rs.450 were in arrears for 2014 at the beginning of 2015. Prepare subscription outstanding subscription account and subscription received in advance account.

Posted by Aasib *** 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

In 2015, subscriptions received by safdarjung club were Rs. 21000. These subscriptions include Rs.300 for 2014 and Rs. 400 for 2016.On 31st Dec 2015 subscription due but not received for 2015 were 500. Safdarjung on 1st jan 2015 subscription due but not received was Rs.600 prepare subscription account subscription outstanding account and subscription received advance.

Posted by Aasib *** 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

In 2015, subscriptions received by safdarjung club were rs. 21000. These subscriptions include Rs.300 for 2014 and Rs. 400 for 2016. On 31st Dec. 2015 subscription due but not received were Rs. 500. The corresponding amount on 1st jan 2015 was Rs. 600 prepare subscription account subscription outstanding account subscruptiin received in advance

Posted by Aasib *** 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

44. A, B and C are partners. A’s capital is ₹3,00,000 and B’s capital is ₹1,00,000. C has not invested any amount as capital but he alone manages the whole business. C wants ?30,000 p.a. as salary. Firm earned a profit of ₹1,50,000. How much will be each partner’s share of profit: (A) A ₹60,000; B ₹60,000; C ₹Nil (B) A ₹90,000; B ₹30,000; C ₹Nil (C) A ₹40,000; B ₹40,000 and C ₹40,000 (D) A ₹50,000; B ₹50,000 and C ₹50,000.

Posted by Deepshikha Sah 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

CuhAjs

Posted by Arbaz Pathan 4 years, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Page 37 of 338

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App