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Dev withdrew rs.10000 of 15th day of every month.

Posted by Tanya Chaudhary 1 year, 5 months ago

CBSE > Class 12 > Accountancy

1 answers

Lokesh Kumar 1 year, 4 months ago

We will be calculating drawing on 10000 * 6 / 100

ANSWER

Chapter 1 solution

Posted by Kinara Bhatt 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2 They had given a loan to a firm for 30000 in their profit sharing ratio 1st October 2021The partnership deed is silent on interest on loan from partner compute interest payable by the firm to the partner assuming the firm closer it's book every year on 31 March

Posted by Payal Gurung 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

ABC aur partners having profit equally b is guaranteeng minimum profit of the 2 lakhs per annum salary is payable to be of 10000 per month net profit for the year ending 31st March 2024 is 660000

Posted by Akash Seervi 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Radha and rukmani are partners in a firm with fixed capitals of rs 200000 and 300000 respectively

Posted by Ritu Bansal 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and B are partners sharing profits in a ratio

Posted by Tanisha .. 1 year, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Lokesh Kumar 1 year, 4 months ago

Manipulation

ANSWER

X Y and Z are partner sharing profit and losses in the ratio of 6:3:1 . Y is guaranteed that his share of profit will not be less than ₹22000 . Amy deficiency will be borne by X and Z in 2:3 . Firm incurred profit of ₹40000 for the year ended 31st march 2023 prepare profit and losses appropriation account.

Posted by Suhani Yadav 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and B partners in a firm sharing profits & losses in the ratio of 3:2 with capital of ₹ 500,000 and ₹ 250,000 respectively on 1-4-2021. Each partner is entitled to 10 % on net profit remaining after dedicated Int. On Capitals but before charging any commission. B entitled to a commission of 8% of net profit remaining after interest on capitals and after charging all commissions. The profits for the year ended 31-3-2022 prior to calculation of int. On capital was ₹ 375,000 Prepare Profit and Loss Appropriation Account

Posted by Nitin Sharma 1 year, 5 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A and eare partners in a firm sharing profits & losses in the ratio of 3:2 with capital of ₹ 500,000 and ₹ 250,000 respectively on 1-4-2021. Each partner is entitled to 10 % on net profit remaining after dedicated Int. On Capitals but before charging any commission. B entitled to a commission of 8% of net profit remaining after interest on capitals and after charging all commissions. The profits for the year ended 31-3-2022 prior to calculation of int. On capital was ₹ 375,000 Prepare Profit and Loss Appropriation Account

Posted by Nitin Sharma 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Madhuri and arsh were partners in firm profit sharing in 3:1

Posted by Monika Godara 1 year, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Bhuwan Bhuwan Chettro 1 year, 6 months ago

What is goodwill?

ANSWER

Rspl 1 accounts solutions

Posted by Siddhi Jain 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Rac ds1 solution

Posted by Rishita Paul 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Solution for rsl/1 paper

Posted by Riya Kalra 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Vikram blender and pragyan are partner sharing profit in the ratio of 321 their capital were 3 lakh 2 lakh and 1 lakh as on April 1 2022 partner or entitle to interest on capital 8% per annum per Gyan is given guarantee that is here of profit in any year will not be less than 38000 short for any to be born by Vikram following is the profit and loss app account for year ended

Posted by Komalpreet Kaur 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Rspl/1 DS1 solution

Posted by Komalpreet Kaur 1 year, 6 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

On 1 april 2018 X.Y.Z started business X contribute 90000 at first but withdraw 30000 at the end of six months.Y introduce 75000 at first and increase it to 90000 at the end of four months but withdraw 30000 at the end of eight months Z brings 75000 at first but increases it by 60000 at the end of seven months During the year ended 31 March 2019 they make a net profit 42000 Show how the partners should divide this amount on the basis effective capital employed by each partner

Posted by Akansh Sahu 1 year, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Dhruv Yadav 1 year, 6 months ago

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ANSWER

Q. 92. XLtd. forfeited 800 shares of ₹20 each issued at a to Mahesh (₹18 called-up) on which he did not pay first call of ₹4. Of these shares were re-issued @ 15 per share as 18 paid-up. Journalise. a premium of 2 per

Posted by Vedant Deshmukh 1 year, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Vedant Deshmukh 1 year, 6 months ago

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

ANSWER

Karur Ltd. invited applications for issuing 2,40,000 equity shares of ₹ 10 each at a premium of 4 per share. The amount was payable as under: On Application 4 per share (including premium 2) On Allotment 4 per share On First and Final Call 6 per share (including Premium 2) Applications for 3,00,000 shares were received and pro-rata allotment was made to all the applicants. Excess application money received on application was adjusted towards sums due on allotment. All calls were made and were duly received except from Rohini, who failed to pay allotment and first and final call on 7,500 shares applied by her. These shares were forfeited. Afterwards, 40% of the forfeited shares were re-issued at 11 per share as fully paid-up. Pass the necessary journal entries in the books of Karur Ltd. open call-in-arrears and call-in-advance accounts wherever necessary. (CBSE 2020)

Posted by Jatin Balecha 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Shiv and Mohan are partners in a firm sharing profits and losses in the They admitted Ram as a partner for 2/7 share for which ₹8,000 and ₹4,000 as a premium for goodwill to Shiv and Mohan respectively. New profits of Shiv, Mohan and Ram will be (a) 3:2:2. (b) 8:4:2. (c) 10:56. (d) 4:1:2.

Posted by Pathaan Singham 1 year, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Anya Singh 1 year, 7 months ago

3:2:3

ANSWER

How to prepare account for beginners

Posted by Ig Jason 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

12 Ganesh Ltd. Offered to public 1,00,000 Equity shares of Rs.10 each at premium of Rs 2 per share payable as follows: On application Rs 3 per share On Allotment Rs 4 per share (including premium) On First and call – Rs 3 And balance on final call Applications for 1,60,000 shares were received and allotment was made as follows: Category A To applications of 40,000 shares - In full Category B To applications of 60,000 shares - 40,000 shares Category C To applications of 30,000 shares - 20,000 shares Category D To applications of 30,000 shares - Nil Except in cases where application money were wholly rejected excess application money was not to be refunded but is to be adjusted against money due on allotment and calls. Arun an applicant under Category B who applied for 2,400 shares failed to pay the allotment money and on his failure to pay the first call, his shares were forfeited. Bimal an applicant under Category C who applied for 1,800 shares failed to pay both the calls and his shares were forfeited after the second and final call. All the forfeited shares were reissued to Charan as fully paid up for Rs 8.50. Prepare Cash book and Proper Journal.

Posted by Account Deleted 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Ganesh Ltd offered to the public

Posted by Account Deleted 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A B and c in the ratio 3:3:2 Balance sheet creditors 24000 ,general reserve 36000 a's capital 200000, B'S capital 150000

Posted by Shakthi Shakthi 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Nyonika Ltd. issued to the public for subscription 40,000 shares of ₹ 10 each payable as under: ₹2 ₹3 ₹2 ₹3 On Application On, Allotment On First call On Final call Applications were received for 60,000 shares and allotment was made pro-rata to 80% of applicants. R to whom 1,600 shares were allotted paid only the application money, and 5 who had applied for 2,400 shares paid the entire call money due along with the allotment. Pass necessary Journal entries to record the above transactions, They company did not call the first second calls yet.

Posted by Arjun Janar 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Entire Ltd. Unlimited invited applications for 18000 shares of 10 each payable rupees five on application rupees two on allotment and balance on call application money received from public which of the following application money will allow to proceed allotment of shares as per SEBI guidelines? With all working note?

Posted by Dhairya Kotecha 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Entire Ltd. Unlimited invited applications for 18000 shares of 10 each payable rupees five on application rupees two on allotment and balance on call application money received from public which of the following application money will allow to proceed allotment of shares as per SEBI guidelines

Posted by Dhairya Kotecha 1 year, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Dhairya Kotecha 1 year, 7 months ago

85000

ANSWER

Entire Ltd. invited applications for 18,000 shares of 10 each payable 5 on application, 2 on allotment and balance on call. Application money received from public. Which of the following application money will allow to proceed allotment of shares as per SEBI guidelines?

Posted by Palak Jain 1 year, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Palak Jain 1 year, 7 months ago

85000

ANSWER

Asha and Lata are partners sharing profit and loss in the ratio 1:2

Posted by Divyansh Verma 1 year, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Shakthi Shakthi 1 year, 7 months ago

3

Lucifar Morningstar 1 year, 7 months ago

3

ANSWER

Astha and Gomti are partners in a firm sharing profits and losses in the ratio of 2: 1. Their capital accounts as on 1st April, 2021 stand at ₹70,000 and 30,000 respectively. The partners are allowed interest on capital @ 10% p.a. The drawings of the partners during the year ended 31st March, 2022 amounted to ₹4,800 and ₹3,600 respectively. Interest is charged on drawings at the rate of 10% p.a. Astha has given a loan to firm as on 1st November, 2021 of 20,000. The profit of the firm before above adjustments was ₹80,000. 10% of this profit is to be kept in a Reserve Account. Prepare Profit and Loss Appropriation Account.

Posted by Prisha Modi 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Astha and Gomti are partners in a firm sharing profits and losses in the ratio of 2: 1. Their capital accounts as on 1st April, 2021 stand at ₹70,000 and 30,000 respectively. The partners are allowed interest on capital @ 10% p.a. The drawings of the partners during the year ended 31st March, 2022 amounted to ₹4,800 and ₹3,600 respectively. Interest is charged on drawings at the rate of 10% p.a. Astha has given a loan to firm as on 1st November, 2021 of 20,000. The profit of the firm before above adjustments was ₹80,000. 10% of this profit is to be kept in a Reserve Account. Prepare Profit and Loss Appropriation Account. 500000 and Computers for ₹500.000 from

Posted by Prisha Modi 1 year, 7 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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