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Graph depicting cash flow statement

Posted by Jubin G M 4 years, 9 months ago

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The Debt-Equity Ratio of X Ltd. is 1:2. What will be the effect of conversion of debentures into preference shares on this ratio

Posted by 19Mbab46 Siva Purusothaman 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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Mayank D'Cruz 4 years, 9 months ago

Ratio will reduce as debt is decreased and equity is increased

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Jy ltd

Posted by Dhruva Jain 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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If credit purchase are Rs 2000000 and cash purchase are 25% of total purchase. Find out the cash flow from operating activities?

Posted by Pawan Chandra 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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mDu

Posted by Kamal Bhakuni 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Naved Khan 4 years, 9 months ago

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The partners of a firm distributed profits for the year ended 31st March,2016, 1,50,000 inthe ratio of 2:2:1

Posted by Ishee Singla 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Account Deleted 4 years, 9 months ago

1,50,000×2:2:1/5 30,000× 2:2:1= Partner 1= 60,000 Partner 2 =60,000 Partner 3 = 30,000

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The average profit earned by the firm is $ 1,20,000 including abnormal income of $ 8,000 on recurring basis.The firm had a fixed assets of $ 6,00,000 and current assets of $ 1,20,000.Its creditors and other liabilities were $ 2,80,000

Posted by Abu Sahil 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Account Deleted 4 years, 9 months ago

Average profit=1,20,000- 8000 = 1,12,000 Capital employed = Total assets - Total liabilities Total assets = 6,00,000 + 1,20,000 = 7,20,000 Total liabilities = 2,80,000 Capital employed = 7,20,000 + 2,80,000 = 10,00,000 The question is incomplete.... IF you want to find out the Goodwill then the *Normal rate of return* should have been mentioned. Goodwill = Capitalized value of Average profit - Capital employed Capitalized value of Average profit = Average profit ×100/ rate

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A Ltd has current ratio of 3:5 & acid test ratio of 5:4. If inventory is Rs. 30000. Find out its total current assets and total current liabilities

Posted by Jakma Marak 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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Ram and

Posted by Sumit Kumar 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Account Deleted 4 years, 9 months ago

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Ram and sham are partner sharing profits and losses in the ratio of 3:2. Ram being non-working partner contributes

Posted by Sumit Kumar 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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Garima ltd issued a prospectus of 3000 shares

Posted by Harsh Kajaniya 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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How to find excess of income over expenditure

Posted by Lakshaya Lakshaya. G 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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Nikitesh Sharma 4 years, 9 months ago

By preparing income and expenditure a/c

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TS Grewal cashflow Statements solutions of practical problems

Posted by Shilpi Dwivedi 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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X,y,z are partners in firm. their capital as on April 1, 2016 were 5,00,000 ; 4,00,000; and 3,00,000. On July 1,2016 they introduced further capitals of 1,00,000; 80,000; and 50,000 .on February 1,2017 y withthrew 15,000 from capital. Interest is Tobe allowed @8%p.a on the capitals. Compute interest on capital for the year ending march 31,2017.

Posted by Poonam Yadav 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Jagriti Vishwakarma 4 years, 9 months ago

Int. on X's capital= 500000×8/100= 40000 Int.on additional capital of x= 100000×8/100×9/12=6000 Int on y's capital = 400000×8/100=32000 Int on additional capital=80000×8/100×9/12=4800 Int on z's capital=300000×8/100=24000 Int on additional capital=50000×8/100×9/12=3000 Total int of capital:- X=46000 Y=36800 Z=24300

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XYZ Co. purchased machinery for Rs. 120000. The company charged Rs. 9000 annually. You are required to calculate residual or scrap value of Machinery. The life of the machine is 08 years.

Posted by Razi Rais 3 years, 9 months ago

CBSE > Class 12 > Accountancy

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E ltd. Invited application for issuing into 500000 shares of Rs.10 each. The company offered 300000 of these shares of Rs.10 each at per public.which were payable Rs 2 per share on application ,Rs.3 per share on allotment and balance on first and final call. Application for 4,60,000 shares recieved on which directors alloted as follows application for 2,00,000 shares full , application for 2,50,000 shares 40% ,application for 10,000 shares nil Rs. 5,40,000 was realised on account of allotment money(excluding the amount carried from application money) and Rs. 12,50,000 on account of call. The director decided to forfeit shares of these application to whom full allotment was made and on which allotment money was overdue .pass journal entries in companies account books.

Posted by Pooja Singh 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Arshita Nanda 4 years, 9 months ago

Bank dr 9,20,000 To sh app 9,20,000 Sh app dr 9,20,000 To sh cap 6,00,000 To Sh all 3,00,000 To bank 20,000 Sh all dr 9,00,000 To sh cap 9,00,000 Bank dr 5,40,000 To sh all 5,40,000 Sh first call dr 15,00,000 To sh cap 15,00,000 Bank dr 12,50,000 To sh first call 12,50,000 Sh cap dr 1,00,000 To sh forfeit 40,000 To sh unpaid 60,000

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Maira retail chain Ltd.,an unlisted company ,had 6000,8% debenture of 1000 each outstanding for redemption to be redeemed as follows : On 31march ,2020. 3000 debenture On 31 March 2021. 2000 debenture On 31 March 2022 .. balance debenture It complied with the requirements of companies act,2013 by transferring amount to DRR on 31 March, 2020 and invested in fixed deposit with SBI on 1 April ,2019 , which proportionate amount of investment was to be redeemed Pass necessary journal entries .

Posted by Aastha Gupta 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Sushma Chauhan 2 years, 9 months ago

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Fill in the blanks: A= ?,B = 100000,absolute change =?, percentage change = (50)

Posted by Pooja Bhati 4 years, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Harleen Kaur 4 years, 9 months ago

Amount of 1st year is (1,00,000×100)/150 = 66,666.666666667 And, absolute amount is 33,333.333333333

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Lakshay Parashar 4 years, 9 months ago

A. 2,000

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karur ltd invited applications for issuing Rs240000 equity shares of Rs 10 each at a premium

Posted by Ayush Kaundilya 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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Marking scheme of accountancy

Posted by Aashna Gupta 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Reema Verma 4 years, 9 months ago

Part a volume 1 - 35 marks ,volume 2 - 20 marks and part B - 25 marks

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calculate inventory turnover and operating ratio operating inventory 28000 closing inventory 22,000 purchases 40,000 from operation 80000 carriage inwards 4000 employee benefit expenses 4000 mm

Posted by Muskan Verma 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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State any three occasions on which a firm can be reconstituted

Posted by Priya Singh 4 years, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Priya Singh 4 years, 9 months ago

Thank you

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Hiten Taneja 4 years, 9 months ago

Admission Retirement Death

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Unrecorded liability is treated in realisation a/c at which side ?

Posted by Reema Verma 4 years, 9 months ago

CBSE > Class 12 > Accountancy

3 answers

Aditi Maurya 4 years, 9 months ago

Dr side

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Reema Verma 4 years, 9 months ago

Thank you

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Rohit Kumar 4 years, 9 months ago

Debit side of realisation a/c

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Pari and neha are partners firm sharing profit and losses are equally on 1 st april 2017 they decide to share future profit ratio in the 2:1 .on the day of implementation of the decisions the profit and losses account debit balance 30,000 and a general reserve of 18,000.record the nrcessary journal entries for the distribution of the balance in profit and losses account and general reserve for the changing in profit sharing ratio

Posted by Khushi Yadav 4 years, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Shreyansh Jain 4 years, 9 months ago

2) pari capital a/c Dr 15000 Neha capital a/c Dr 15000 To profit/loss a/c 30000

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Shreyansh Jain 4 years, 9 months ago

1)General reserve a/c Dr 18k To pari capital a/c 9k To neha capital a/c 9k

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How to calculate accumulated depreciation

Posted by Debadrito Sen 4 years, 9 months ago

CBSE > Class 12 > Accountancy

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Mr tushar decided to start a computer

Posted by Anshu Kumar 4 years, 9 months ago

CBSE > Class 12 > Accountancy

2 answers

Saurabh Rajput 4 years, 9 months ago

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Anshu Kumar 4 years, 9 months ago

Mr tushar decided to start a computer business...

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A company forfeited 4000 shares of 10 each on which application money of 3 has been paid . out of these 2000 shares were reissued as fully paid up and 4000 has been transferred to capital reserve. calculate the rate at which these shares were reissued.

Posted by Siddhant Jain 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Incredible Suri 4 years, 9 months ago

Share capital ac dr 40000 To calls in arrear ac 28000 To share forfeiture ac 12000 Bank ac dr 18000 Share forfeiture ac dr 2000(w.n.1) To share capital ac 20000 Share forfeiture ac dr 4000 To capital reserve ac 4000 Working note: 1.share forfeited (related to reissue) =12000×2000/4000 =6000 Now, amount transferred to capital reserve=4000 Therefore, discount allowed on reissue=6000-4000=2000 Thus, share reissued at =(20000-2000)/2000=9 Ans. shares reissued at Rs.9 per share

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Deleted topic of accountancy

Posted by Shiva Pandey 4 years, 9 months ago

CBSE > Class 12 > Accountancy

1 answers

Rohan Sharma 4 years, 9 months ago

Part A: Accounting for Not-for-Profit Organizations, Partnership Firms and Companies Unit 2: Accounting for Partnership Firms Units/Topics Accounting for Partnership firms - Reconstitution and Dissolution. ● Admission of a partner - adjustment of capital accounts and preparation of balance sheet. ● Retirement and death of a partner: adjustment of capital accounts. Preparation of loan account of the retiring partner. ● Preparation of deceased partner’s capital account and his executor’s account. Unit - 3 Accounting for Companies Units/ Topics Accounting for Debentures ● Redemption of debentures-Methods: Lump sum, draw of lots. Project Work: From session 2020-21 onwards, there would be only ONE project (specific) to be prepared. Note: Kindly refer to the related Guidelines published by the CBSE. ● Since there is only one project instead of three hence 10 Lectures were reduced in the same

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Any easy trick of revaluation account

Posted by Shiva Pandey 4 years, 9 months ago

CBSE > Class 12 > Accountancy