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What is accountancy.

Posted by Anand Kamboj 3 years, 8 months ago

3 answers

Devanshu Gupta 3 years, 8 months ago

Accountancy is the studied about the process of business enterprise in practically manner like journal entry, leger, trial balance. It is the knowledge of everything what is going on organisation.

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Mayank D'Cruz 3 years, 8 months ago

Accountancy is the knowledge of accounting.

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Bhavana Tiwari 3 years, 8 months ago

Accountancy is a process of managing income and expenses of a business.

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rahul started business with 30 lakh which he arrange by getting loan of rs 20 lakh from his father and rd. 10 lakh from Bank @12% p.a. he bought machine rs. 15 lakh. raw materials 7,80,000 and paid of rent rs 12000, what percent of total fund

Posted by Arush Kumar 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Kashish Chaudhary 3 years, 8 months ago

Is this question complete?

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ANSWER

What is the link between operating cycle and working capital?

Posted by Muskan Verma 3 years, 7 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 3 years, 7 months ago

A working capital requirement of a firm depends upon its operating cycle. Here, Operating Cycle is the total period considered starting from the purchase of the raw materials till the final payment has been collected from the debtors. Longer the operating cycle, larger will be the working capital requirement.

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Anita and babita were partners sharing p&l in the ratio of 3:1. They admitted savita for 1/5 share in the profits . Savita was unable to bring her share of goodwill premium in cash . The journal entry recorded for goodwill as follows . SAVITA CURRENT A/C DR. 24000 TO ANITA CAPITAL A/C 8000 TO BABITA CAPITAL A/C 16000 the new PSR of ANITA babita and savita will be A) 41:7:12 b) 13:12:10 c) 3:1:1 D)5:3:2

Posted by Bhavana Tiwari 2 years, 9 months ago

CBSE > Class 12 > Accountancy

4 answers

Vaishnavi Goyal 3 years, 3 months ago

55Thank You

Bhavana Tiwari 3 years, 3 months ago

Yes right hai

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Shreyansh Jain 3 years, 8 months ago

Ans sahi hai ya nhi plz btana

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Shreyansh Jain 3 years, 8 months ago

3:1:1

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Y ltd forfeited 400 shares of 10each 6calledup for non payment of first call of 2per share out of these 300 shares were immediately re issued at 5per share

Posted by Rishab Agrahari 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Srishty Suman 3 years, 8 months ago

share capital a/c 2400 To share forfeiture a/c 1600 To share first call a/c 800 (400 shares forfeited) Bank a/c 1500 Share forfeiture a/c 300 To share capital a/c 1800 (Out of 400 forfeited shares 300 are reissued) Share forfeiture a/c 900 To capital reserve a/c 900 (Being gain on shares transferred to capital reserve)

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2 question of capitalisation nethod

Posted by Sukh Preet 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

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unique features limited was registered with an authorised capital of rupees 5 divided into 20005 person was French nails of rupees 10 each and 30 thousand years of 10 years the company should 10000 preference and 15000 equity shares for public subscription call on shares were made as under application equity shares 232.50 2.50 preferences 232.50 2.50 application allotment first call second and final called all the shelf producer strike

Posted by Jasneet Kaur 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Specific project for accountancy class 12

Posted by Harsh Choudhary 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

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Rahul started business with 3000000 which hi arranged by getting a loan

Posted by 14 Cc Prakruti Jog 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Swarupa Swarupa 3 years, 7 months ago

100000

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Graph depicting cash flow statement

Posted by Jubin G M 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Mayank D'Cruz 3 years, 8 months ago

Ratio will reduce as debt is decreased and equity is increased

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Jy ltd

Posted by Dhruva Jain 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

mDu

Posted by Kamal Bhakuni 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Naved Khan 3 years, 8 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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Account Deleted 3 years, 8 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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ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Account Deleted 3 years, 8 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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Ram and

Posted by Sumit Kumar 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Account Deleted 3 years, 8 months ago

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ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Garima ltd issued a prospectus of 3000 shares

Posted by Harsh Kajaniya 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How to find excess of income over expenditure

Posted by Lakshaya Lakshaya. G 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Nikitesh Sharma 3 years, 8 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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Jagriti Vishwakarma 3 years, 8 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 2 years, 8 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Arshita Nanda 3 years, 8 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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ANSWER

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 3 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Sushma Chauhan 1 year, 8 months ago

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

Posted by Pooja Bhati 3 years, 8 months ago

CBSE > Class 12 > Accountancy