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

NPO refers to those organisations which are set up with the motive of providing services to a specific group or to the public at large ,and not with the purpose of earning profit.

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When the new partner fails to bring his share of goodwill ,which account should be debited?his current account or his capital account?

Posted by Banjara 07 3 years, 7 months ago

CBSE > Class 12 > Accountancy

3 answers

Sakshi Hirawat 3 years, 7 months ago

Current account

1Thank You

Satyam Suman 3 years, 7 months ago

Current account

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Anamika Sharma 3 years, 7 months ago

Current a/c

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Where should we record subscriptions for governor's party in the case of a not for profit organization.

Posted by Banjara 07 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Satyam Suman 3 years, 7 months ago

Liability side of balance sheet

1Thank You

Nikhil Tomar 3 years, 7 months ago

Liability side in balance sheet because it is of capital receipt and income &expenditure a/c doesn't record capital transactions.. ?

1Thank You

ANSWER

Explain accounting treatment of legacy in case of not for profit organization

Posted by Banjara 07 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Satyam Suman 3 years, 7 months ago

It is income so it is shown in income side of income and expenditure account

1Thank You

Nikhil Tomar 3 years, 7 months ago

Income side if general legacy is given and . if specific legacy is given then we take it on liability side of bal. Sheet?

1Thank You

ANSWER

Hey everyone...what are your plans after 12th?

Posted by Anamika Sharma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

3 answers

Fathima Hadiya 3 years, 7 months ago

I want to be a chartered accountant and also to be clinical psychologist

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Anamika Sharma 3 years, 7 months ago

Woahh! Same here

1Thank You

Satyam Suman 3 years, 7 months ago

I want to be a chartered accountant

1Thank You

ANSWER

E, F and G were partners in a firm sharing profits in the ratio of 3 : 3:4. Their respective fixed capitals were E 3,00,000; F 4,00,000 and G 5,00,000. The partnership deed provided for allowing interest on capital @ 12% p.a. even if it results into a loss to the firm. The net profit of the firm for the year ended 31st March, 2020 was 2,10,000. Pass necessary journal entries for allowing interest on capital and division of profit/loss in the books of the firm

Posted by Shah Devansh 1 year, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Sachin Kaushik 1 year, 5 months ago

Firm 74000

91Thank You

ANSWER

From the following information prepare receipt and payment account of Bhopal club for the year ending on 31St march 2018 cash balnce as on 1st April 2017 rupees 3750

Posted by Uma Pal 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 6 months ago

Please ask question with complete information.

4Thank You

ANSWER

Xy ltd invited applications for 500000 shres

Posted by Sanket Sharma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 7 months ago

Please ask question with complete information.

3Thank You

ANSWER

What is the difference between household services and Producer services

Posted by Rekha Devi 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 7 months ago

Household Services means activities taught to or performed by a caregiver for a resident such as cooking, cleaning, budgeting, and other household care or maintenance tasks.
Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Accounting firms, consultants, and computer design services are prominent examples of producer services businesses.

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What is consumables good

Posted by Priyanka Patel 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 7 months ago

In accounting, a consumable is a small, everyday item that is bought, 'used up', and then replaced. Consumables can also be referred to as 'consumable goods', 'soft products' or 'non-durable products'. We use consumables every day; for example, we consume food and water. In the same way, a business can consume goods.

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Revenue from operation 800000 ; inventory turnover ratio 5 gross profit 25% find out the value of closing inventory; if closing inventory is 20000 more than the opening inventory

Posted by Vansh Agarwal 1 year, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Shan? .Va 3 years, 7 months ago

Closing inventory 110000 Opening inventory 130000

15Thank You

ANSWER

Green Ltd purchased the assets of strong Ltd for 40000000 ..

Posted by Prabhjot Kaur 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Swapnil Singh 3 years, 7 months ago

Give complete question.

1Thank You

Sia ? 3 years, 7 months ago

Please ask question with complete information.

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ANSWER

How much amount will be recorded in income and expenditure Account if club has 400 member each paying an annual subscription of ₹100.outstanding subscription on 31st March 2019 were ₹2000

Posted by Crazy Girl 3 years, 7 months ago

CBSE > Class 12 > Accountancy

4 answers

Sia ? 3 years, 7 months ago

Income and Expenditure Account
for the year ending 31st march 2019

Expenditure	₹	Income	₹
		By Subscriptions (₹ 400 {tex}\times{/tex} 100)	40,000

Rs.40,000 credited to Income And Expenditure Account.

1Thank You

Crazy Girl 3 years, 7 months ago

But Outstanding subscription jo diya huaa h 31st March 2019 were ₹2000 wo record nhi hoga aisa kyo plz explain kr digiye na

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Priyanshu Rawat 3 years, 7 months ago

40000

1Thank You

Swapnil Singh 3 years, 7 months ago

40000 on income side of income and expenditure account.

1Thank You

ANSWER

Students here are those who are going to give their boards this year or who just came in 12th?

Posted by Itz Me 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Anamika Sharma 3 years, 7 months ago

Boards next month

3Thank You

Satyam Suman 3 years, 7 months ago

Giving board exam this year

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when appropriation are more than profits

Posted by Retire Jersy No.10 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Anamika Sharma 3 years, 7 months ago

Please ask full questions but still... If appropriations are more than profits, divide the individual appropriation with total of all appropriations and multiply it by the available profits. In this way you've to calculate for all the amounts, the account will be balanced.

1Thank You

ANSWER

Yeh Balance Sheet Match kyu nahi hota?

Posted by Christopher Bol 3 years, 7 months ago

CBSE > Class 12 > Accountancy

3 answers

Anamika Sharma 3 years, 7 months ago

Mene bhi vahi bola ??

2Thank You

Satyam Suman 3 years, 7 months ago

Difference jitne amount ka ho use adjustment me check kro ya fir uska half ya double amount ko check kro mil jaata h generally

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Anamika Sharma 3 years, 7 months ago

Jo difference hai usko match krke dekh liya kro adjustments and given balance sheet se.. baki aapki kismat ?

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Reserve Capital is not a part of.(a)Authorized Capital (b) Subscribed Capital (c)Unsubscribed capital (d) Issued Share Capital

Posted by ?????? ???? . 3 years, 7 months ago

CBSE > Class 12 > Accountancy

5 answers

Crazy Girl 3 years, 7 months ago

Unsubscribe capital

0Thank You

Swapnil Singh 3 years, 7 months ago

Unsubscribed capital

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Christopher Bol 3 years, 7 months ago

Kya karega utna parke? Aish karo

2Thank You

Anamika Sharma 3 years, 7 months ago

Unsubscribed capital.. reserve capital is the amount not called, which is to be called only in case of winding up of a firm.

3Thank You

Satyam Suman 3 years, 7 months ago

Subscribed capital

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Veer Ltd. invited applications for issuing 1,00,000 Equity Shares of 500 each at a premium of 100 per share. The amount was payable as: On application200 per share On allotment 300 per share (including premium) On first and final call balance of the amount .Applications for 2,00,000 shares were received. Applications for 50,000 shares were rejected and the application money was refunded. Pro rata allotment was made to the remaining applicants. Amount overpaid with application was adjusted towards sums due on allotment. All calls were made and were duly received except the first and final call on 100 shares allotted to Vasu. These shares were forfeited. The forfeited shares were reissued to Ravi for 60,000 as fully paid-up.

Posted by Aman Jamwal 1 year, 1 month ago

CBSE > Class 12 > Accountancy

3 answers

Raj Kumar Thakur 2 years ago

answer me

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Parv Jain 3 years, 7 months ago

Karna kya hai

62Thank You

Jas S 2 years, 7 months ago

31Thank You

ANSWER

Name the transactions which can be included in both investing as well as financing activities.

Posted by Anamika Sharma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

5 answers

Sia ? 3 years, 7 months ago

Financing activities include the the activities which a firm undertakes to gather the necessary finances for itself to conduct its business operations, and the activities to repay the funds back.
Investing activities include the activities under which a business purchases or sells its fixed assets, where a purchase is made for using the asset in business or just for the purpose of earning income and a sale is generally made for replacing the asset or if it is not needed by the business firm anymore.
Now, since you are asking the transactions which impact both the financing and investing activities in cash flow, a variety of transactions can be formed just by combining the events taking place in both the activities.

1Thank You

Anamika Sharma 3 years, 7 months ago

Thanks khan ?

2Thank You

Christopher Bol 3 years, 7 months ago

Bhai kaha se hai tu?

3Thank You

?????? ???? . 3 years, 7 months ago

Issue of shares or debentures for consideration other than cash can be its example, because it will impact both investing as well as financing activities.

4Thank You

Anamika Sharma 3 years, 7 months ago

Thankyou.. but I've asked for the transactions, not definitions ?

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Mr.X purchased a secondhand machinery on 1.5.2016 for t 50,000, paid ? 11,000 fur ita ove hauling and 5,000 for ita installation which was completed by 30.6.2016. The company provide depreciation on its machinery at 15% on diminishing balance method from the date it was put to and closes its books on 31st March every year. On 1.1.2018, a repair work was carried out on machine and 5,000 were paid for the same. The Machine was sold on 31.1.2019 for a sum of 11 and an amount of 1,000 was paid as dismantling charges. Prepare Machinery Account from 2016-17 to 2018-19.

Posted by Ruchi Verma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Akash Kumar 3 years, 4 months ago

answer plss

51Thank You

ANSWER

Give the treatment of treasury bills and demand deposit with bank in the cash flow statement

Posted by Nikita Yadav 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Sia ? 3 years, 7 months ago

Cash comprises cash in hand and demand deposite whereas treasury bills are part of cash and equivalents, so these are included in opening and closing cash and cash equivalent only. So these types of transaction no to be included in cash flow from different activities like operating investing, financing activities.

1Thank You

Satyam Suman 3 years, 7 months ago

Treasury bills and demand deposits are included in cash and cash equivalent so they will br shown in opening cash and cash equivalent which comes after net cash increase in cash flow stateme

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ANSWER

Reena and Raman are partners with capitals of Rs. 3,00,000 and Rs. 1,00,000 respectively. The profit (as per Profit and Loss Account) for the year ended March 31, 2017 was Rs. 1,20,000. Interest on capital is to be allowed atp.a. Raman was entitled to a salary of Rs. 30,000 p.a. The drawings of partners were Rs. 30,000 and 20,000. The interest on drawings to be charged to Reena was Rs. 1,000 and to Raman, Rs. 500.
Assuming that Reena and Raman are equal partners. State their share of profit after necessary appropriations

Posted by Tanishq Mittal 3 years, 7 months ago

CBSE > Class 12 > Accountancy

2 answers

Kunjilal Paikara 3 years, 3 months ago

answer please

11Thank You

Sneha Sharma 3 years, 4 months ago

Reena and Raman are partners with capitals of Rs.300000 and Rs.100000 respectively. The profit (as per profit and loss Account) for the year ended March 31, 2017 was Rs. 120000 . Interest on capital is to be allowed at 6% p.a Raman was entitled to a salary of Rs.30000p.a. The drawings of partners were Rs.30000 and 20000. The interest on drawings to be charged to reena was Rs.1000 and to Raman, Rs.500. Assuming that Reena and Raman are equal partners. State their share of profit after necessary appropriations.

25Thank You

ANSWER

Npo bk club opening cash bal 7800 from pariksha 2020 rspl2

Posted by Manwinder Singh 3 years, 7 months ago

CBSE > Class 12 > Accountancy