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

The right answer will be. b). Shall be paid to the firm. Explanation: If a partner carries on a business that is similar to that of the firm in competition with the firm and earns profit from it the profit earned from such business shall be paid to firm. Hope it will help you.

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Prepare a Cash-Flow Statement from the following Balance Sheets of Dry Fruits Ltd.: Particulars Note No 31-03-2020 31-03-2019 I. EQUITY AND LIABILITIES: 1. Shareholders Funds: (a) Share Capital (b) Reserve and Surplus 2. Non-Current Liabilities: (a) Long-term Borrowings 3. Current Liabilities (a) Trade Payables TOTAL II. ASSETS: 1. Non-Current Assets:(a) Fixed Assets 2. Current Assets: (a) Short term Investments (Marketable Securities) (b) Inventories (c) Trade Receivables (d) Cash & Bank Balance TOTAL 3 1,20,000 22,000 61,000 40,000 2,44,000 1,30,000 15,000 80,000 29,000 1,00,000 Notes: (1) Reserve & Surplus: General Reserve Profit & Loss Balance (2) Long-term Borrowings: 12% Mortgage Loan (3) Fixed Assets: Machinery Less: Accumulated Depreciation 31-03-2020 R 24,000 60,000 1,35,000 1,45,000 25,000 31-03-2019 R (8,000) 1,00,000 1,60,000 30,000 Additional Information: I. Interest paid on mortgage loan amounted to R14,100. II. Interim Dividend paid during the R20,000. III. Machinery costing R40,000 (accumulated depreciation thereon being R18,000) was sold for R5,000.

Posted by Harsh Yadav 9 months, 3 weeks ago

CBSE > Class 12 > Accountancy

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The balance sheet of suman and Raman who shared profit in the ratio 3:2 as on 31st march 2009 Creditors-15000. Cash-5000 General reserve-25000. Debtors-66000

Posted by Poornima Gugan 2 years, 11 months ago

CBSE > Class 12 > Accountancy

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Padam ltd. With an authorised capital of rs 200000

Posted by Rahul Chauhan 3 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Akshali Mittal 3 years, 5 months ago

Please type full question so that we can easily gave solution

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WHAT IS DEALT

Posted by Prince Gurjar 3 years, 5 months ago

CBSE > Class 12 > Accountancy

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Sia ? 3 years, 5 months ago

past simple and past participle of deal

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Which of the following items is not dealt through profit and loss

Posted by Prince Gurjar 3 years, 6 months ago

CBSE > Class 12 > Accountancy

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From the following Balance Sheet of Jackie Ltd as at 31st March,2019, prepare a Cash Flow Statement: Jackie Ltd Balance Sheet as at 31st March,2020 Particulars Note Number 31st March,2020 (₹) 31st March,2019 (₹) I EQUITY AND LIABILITIES 1. Shareholders’ Funds a. Share Capital b. Reserves and Surplus 2. Non-Current Liabilities Long-term Liabilities 3. Current Liabilities a. Short-term Borrowings b. Short-term Provisions Total II ASSETS 1. Non-Current Assets Fixed Assets- Tangible 2. Current Assets a. Trade Receivables b. Cash and Cash Equivalents c. Short-term Loans and Advances Total 1 2 3 4 5 5,00,000 1,00,000 2,50,000 1,50,000 1,25,000 11,25,000 6,00,000 2,75,000 50,000 2,00,000 11,25,000 5,00,000 (25,000) 1,50,0

Posted by Darshan Mehta 3 years, 6 months ago

CBSE > Class 12 > Accountancy

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Diffentiate between income and expenditure A/c and profit and loss a/c

Posted by Prabhjot Bhatia 3 years, 5 months ago

CBSE > Class 12 > Accountancy

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Sia ? 3 years, 5 months ago

Income and expenditure account is prepared by not -for profit organisation whose aim is not to earn money. Profit and loss account is prepared by business whose aim is to earn money. Profit and loss account is prepared on the basis of trial balance and some other information.

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