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Act 32 is a law that streamlines and standardizes the local earned income tax system. Act 32 requires uniform withholding of earned income taxes and remittance to a single local collector or Tax Officer. The act applies to the earned income taxes levied and collected after December 31, 2011.

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ANSWER

Loan from bank comes under which category of balance sheet

Posted by Aashita Jain 4 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Shreyansh Jain 4 years, 10 months ago

And in partnership balance sheet?

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Tushar Rastogi 4 years, 10 months ago

Good answer

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Divya Jain 4 years, 10 months ago

If it is for long term then it will come under non-current liabilities (sub head - long term borrowings) but if loan is taken for short period of time then it will come under current liabilities (sub head - short term borrowings)

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the rajesh trading Company Ltd issue 10000 shares of ₹10 at premium of Rs 2 for shar payment as flow On application, ₹2 allotment 6 on frist &second call 4

Posted by Paju Paju 4 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

V V 2 years ago

Ye too simple hai Please solve and make journal when you are not then you ask ???

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ANSWER

Cash flow questions number 7

Posted by Naman Bhardwaj 4 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

The rajesh trading Company 10000 shares capital question

Posted by Paju Paju 4 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

☞Cheenu☜ ▄︻̷̿┻̿═━一 ? 4 years, 10 months ago

Q kya ha

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☞Cheenu☜ ▄︻̷̿┻̿═━一 ? 4 years, 10 months ago

????

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ANSWER

Forfeited related questions for example

Posted by Choudhary Archana 4 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Divya Jain 4 years, 10 months ago

Y Ltd. forfeited 500 shares for non payment of allotment and first call money. 2 on application , 3 on allotment (including premium of 2) and 2 on first and final call. Half of these shares are re-issued as fully paid up on 10. Pass the journal entries.

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V V 4 years, 10 months ago

Last question do practice ??

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Mr. X purchased a second hand machinery on 1-2-2011 for 50000: paid Rs 11000 for its over hauling and Rs 5000 for its installation which was completed by 31-3-2011 . The company provides depreciation on its machinery at 15% on diminishing balance method from the date it was put to use and closes it's books on 31-12 every year. On 1-10-2012 a repair work was carried out on the machine and Rs 5000 were paid for the same. The machine was sold on 31-10-2013, for a sum of Rs 11000 and an amount of Rs 1000 was paid as dismantling Charges . Prepare a machinery account from 2011 to 2013.

Posted by Sachin Verma 4 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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From the following information related to a health club calculate amount of subscription received during the year ended 31st march ,20018

Posted by Tarandeep Singh 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Divya Jain 4 years, 10 months ago

Where is the question bro?

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V V 4 years, 10 months ago

What is question ?? ????

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ANSWER

From the following information related to a health club calculate amount of subscription received during the year ended 31st march ,20018

Posted by Tarandeep Singh 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Shrawan Kumar 4 years, 7 months ago

answer

5Thank You

ANSWER

Forfeited realated questions for example

Posted by Rinki Cutx 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Divya Jain 4 years, 10 months ago

X Ltd. forfeited 100 shares for non payment of allotment and first call money. 2 on application , 3 on allotment (including premium of 2) and 2 on first and final call. Half of these shares are re-issued as fully paid up on 10. Pass the journal entries.

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ANSWER

Plz suggest me how to make a specific project of accountancy

Posted by Cute Girl 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Sachin Kori 4 years, 11 months ago

1. Comparative statement with interpretation 2. Common size statement with interpretation 3. Ratio analysis any 15 with interpretation 4. Cash flow analysis with interpretation

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Rose Marry 4 years, 11 months ago

Cash flow

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If shares are not fully called up then where do they appear in company's balance sheet ...... subscribed and fully paid up capital or subscribed but not fully paid up capital ?

Posted by Ankita Thakuria 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Shreyansh Jain 4 years, 11 months ago

If company can't call full amt on the shares(i.e. if share is of ₹10and company call only for ₹8)then in this case these shares are shown in heading subscribed &fully paid up

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ANSWER

On 1st april 2018 A,B and C commenced business in partnership sharing p/l in the ratio 3:2:1. They paid into their bank A/c as their capitals ₹22000;₹10000 by A,₹7000 by B and ₹5000 by C.During the year they drew ₹5,000;being ₹1,900 by A₹1,700by B and balance by C On march 31 2019 they dissolved the firm A takes stock at a agreed valuation of ₹5000 B taking up furniture at 2000 and C taking up debtors at ₹3000. After paying up their creditors there remained a balance of ₹1000 at bank. Prepare necessary ledger accounts showing the distribution of the cash at bank and of the furthur cash brought in by partners as the case required

Posted by Shreyansh Jain 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

P/v ratio calculate. Profit at the sales of ₹ 40000. New break even point if selling price is reduced by 20%. Sales in rupees to earn a profit of ₹8000 after reducing selling price by 20%. Fixed cost ₹8000 B.E.P. In rupees ₹20000

Posted by Nikita Choudhary 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

How we calculate NPS RATIO

Posted by Sneha Gupta 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Shreyansh Jain 4 years, 11 months ago

NPS=(net profit before int and tax/revenue from operation)×100

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ANSWER

tournament expense show in final accounts

Posted by Rohan Jha 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Muhammed Rayhan 4 years, 10 months ago

Tounament expense show in in.&exp. A/c, if excess receipt of tounament...... And (-) from tounament funds, and tounament donation. If tounament fund 10,000 Tounament donation 5,000 Tounament expense 20,000 10,0000+5,0000-200000 = 500,000 its show in in. & expenditure Account

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Mohd Muaz Malik 4 years, 11 months ago

Tounament expense show in in.&exp. A/c, if excess receipt of tounament...... And deduct from tounament funds, and tounament donation. If tounament fund 10,000 Tounament donation 5,000 Tounament expense 20,000 10,000+5,000-20,000 = 5,000 its show in in. & exp. A/C.....

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ANSWER

X Ltd. Issued a prospectus offering 200000 equity shares of Rs 10 each on the following terms: On Application Re 1 On allotment (Including Premium of Rs2) Rs 3 On first call Rs 4 On Final Call Rs 4 Subscriptions were received for 317000 shares on 23rd April and allotment made on 30th April was as under: Shares Allotted Allotments in full (two applicants paid in full on allotment in respect of 4000 shares each) 38000 Allotments of 2/3 of shares applied for 160000 Allotments of ¼ of shares applied for 2000 Cash amounting to Rs 31000 (being application money received with applications for 31000 shares upon which no allotment was made) was returned to applicants forthwith. The amounts due were received on due dates except with the first and final call on 100 shares. These shares were forfeited on 15th November and reissued to A on 16th November on payment of Rs 9 per share. You are requested to Show journal and cash book entries in the book of X Ltd. Pls give answer

Posted by Mehak Goyal 4 years, 11 months ago

CBSE > Class 12 > Accountancy