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

(a) Bank A/c Dr. 20,00,000 To Share Application A/c 20,00,000 (b) Share Application A/c Dr. 20,00,000 To Share Capital A/c 20,00,000 (c) Share Allotment A/c Dr. 20,00,000 To Share Capital A/c 20,00,000 (d) Bank A/c Dr. 20,00,000 To Share Allotment A/c 20,00,000 (e) Share 1st Call A/c Dr. 5,00,000 To Share Capital A/c 5,00,000 (f) Bank A/c Dr. 4,95,000 Calls in arrear A/c Dr. 5,000 To Share 1st Call A/c 5,00,000 (g) Share Capital A/c Dr. 45,000 To Share 1st Call A/c 5,000 To Share forfeiture A/c 40,000 (h) Share 2nd Call A/c Dr. 5,00,000 To Share Capital A/c 5,00,000 (i) Bank A/c Dr. 5,00,000 To Share 2nd Call A/c 5,00,000

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Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tony and Rony after the various assets (other than cash) and external liabilities have been transferred to Realization Account : (i) An unrecorded asset of < 2,000 and cash < 3,000 was paid for liability of < 6,000 in full settlement. (ii) 100 shares of < 10 each have been taken over by partners at market value of < 20 per share in their profit sharing ratio, which is 3 : 2. (iii) Stock of < 30,000 was taken over by a creditor of < 40,000 at a discount of 30% in full settlement. (iv) Expenses of realisation < 4,000 were to be borne by Rony. Rony used the firm’s cash for paying these expenses.

Posted by Mohd Muaz Malik 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Shreyansh Jain 4 years, 11 months ago

2 entry mai realisation ac cr hoga bro investment nhi

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Shreyansh Jain 4 years, 11 months ago

1:realisation a/c dr 3000 To cash a/c 3000 2: Tony's capital a/c dr 1200 Rony's capital a/c dr 800 To investment a/c 2000 3: 4: Rony's capital a/c dr 4000 To cash a/c 4000

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P q and R entered into a partnership on 1st October 2017 to share the profit and losses in the ratio of 5 : 3 : 2. the total capital was fixed at 1800000 rupees to be contributed by P Q and R are in the ratio of 4 :3: 2. p granted a loan of 100000 rupees on 1st January 2018. the partnership deed provided and for interest on capital @ 10% per annum, interest on drawing @ 12% per annum salary to Q 6000 per month and salary to 6000 per quarter. Q drawings during the period ended 31st March 2018 were 50000. the profit of the firm for the period ended 31st March 2018 before providing for any interest and salary were 216000 prepare Profit and Loss appropriation account

Posted by Payal Giri 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Where we have to post the share capital in final account?

Posted by Sudip Acharya 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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ANSWER

liabilities amount -------------- -------------- bills payaable 10,000 sundry creditors 58,000 outstanding expencess 2000 capital accounts A 1,80,000 B 1,50,000 3,30,000 -------------- ------------- 4,00,000 assets amount ----------- ------------- cash in hand 10,000 cash at bank 40,000 sundry debtors 60,000 stock on hand 40,000 plant and machinery 1,00,000 building 1,50,000 ------------- 4,00,000 C is admitted as apartner on the date of the balance sheet on the following terms 1C will bring in ₹1,00,000 as his capital and ₹60,000 as his share for goodwill for 1/4th share in profits 2. plant is to be appreciated to ₹1,20,000 and the value of building is to be appreciated by 10% 3. stock is found overvalued by ₹4,000 4. a provision for bad and doubtful debts is to be created at 5% of debtors 5. creditors were unrecorded to the extent of the ₹1,000 6.a liability of ₹3000be crated for emplyees provident fund 7.the firm has a joint life policy for ₹10,000 with a surrender value of ₹3,000

Posted by Rasiya Anwar 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Expenditure means

Posted by Ashika Wakode 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Muskan Taneja 4 years, 11 months ago

Amount spent to avail the benefit of utility of any goods or services

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Shriya ? 4 years, 11 months ago

Amount of money spent

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hotstar charitable club has income of 26000 and deficit debited to capital fund of rs. 8300 for the year 2019-20 then the expenditure account for the year 2019-20 is

Posted by Shivani Yadav 4 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

18,700

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Bharat limited have following shares of ₹10 face value after the final call was made. 100 shares held by Akhil who payed ₹4 application and allotment money. 300 shares held by ganga who paid ₹7 application, allotment and first call. 200 shares were later reissued for ₹9 per share including all the shares of akhil

Posted by Sakshi Pal 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Which formula is most important in accounting ratio chapter.... ??

Posted by ☞Cheenu☜ ▄︻̷̿┻̿═━一 ? 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Sakshi Pal 4 years, 11 months ago

Total assets to debt ratio Current ratio

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Could you help me with all the important formula of all the in PDF form. It's a request to cbse guide

Posted by Roma Vatsa 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Two liquid assets

Posted by Chetna Chetna 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Ankit Shahi 4 years, 11 months ago

1.Cash and cash equivalents. 2.Inventory

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Share capital 12marks

Posted by Ammu Ammu 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

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Accountancy project on hul of 30 pages with balance sheet and financial analysis for class 12 board

Posted by Gunjan Tiwari 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Shradha Rajput 4 years, 11 months ago

C on utube sis

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20 1. A Ltd. took over the assets of Rs.3,00,000 and liabilities of Rs.10,000 from B & Co. Ltd. for an agreed purchase consideration of Rs.2,70,000 to be satisfied by issue of 15% debentures of Rs.100 at 20% premium. Show the journal entries in the journal of A Ltd. 2. A company took a loan of Rs.10,00,000 from Punjab National Bank and issued 10% debentures of Rs.12,00,000 of Rs.100 each as a collateral security. Journalise and present in Balance sheet

Posted by Shivajith P 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Definition of planning

Posted by Yogesh Kumar 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Ankit Shahi 4 years, 11 months ago

Planning is the process of thinking about the activities required to achieve a desired goal. It is the first and foremost activity to achieve desired results.

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Divya Solanki 4 years, 11 months ago

Deciding in advance - what to do, how to do and who is going to do.

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A,B,C,D are partners.A,B share 2/3rd of profits equally and C and D share remaining profits in the ratio of 3:2.Find the profit sharing ration of A,B,C and D

Posted by Divyani Verma 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

The receipt and payment account of sports club 31 March 2019

Posted by Aditi Verma Verma 4 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Aditi Verma Verma 4 years, 11 months ago

Hii

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Shiwani Sahu 4 years, 11 months ago

Mili

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Shiwani Sahu 4 years, 11 months ago

Hiii

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Hi i am a poor person i don'tbhave enough to pay for sample paper can you please give me mycbseguide all accountancy sample papers of class 12 I would be greatful to you

Posted by Perrti Arora 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Aditi ?? 4 years, 11 months ago

See first of all u don't need to say that u are poor . If u want sample paper just write . I don't know u but u are not poor http://cbseacademic.nic.in/web_material/SQP/ClassXII_2020_21/Accountancy-MS.pdfhttp://cbseacademic.nic.in/web _material/SQP/ClassXII_2020_21/Accountancy-SQP.pdf This is one sample paper and it's answer

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jain ltd issued 1120000

Posted by Dhanashree Salunke 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

Please ask question with complete information.

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22000 the capital invested of the form is

Posted by Yukti Bhojkhi 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

Please ask question with complete information.

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If sale on an accrual basis are Rs 5,00,000/- and accounts recievable increased by Rs 30,000/-, the cash received from customers would be.........

Posted by Saksham Gujran 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

shareholder means

Posted by Shivam Priyadarshi 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Shivani Narwar 4 years, 11 months ago

shareholder is essentially owner of the company, and it is also refrred to stockholder.

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What are all example of current assets?

Posted by Mandeep Singh 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Diya Mehta 4 years, 11 months ago

Trade receivable Inventory Cash & cash equivalent Sundry debtors etc.

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A__ asset arise when accounting income is less than taxable income?

Posted by Ayush Mishra 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

k n l ltd. invited applications for 600000 equity shares company receives applications of 800000 equity shares

Posted by Nikita Kumari 4 years, 11 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

when the value of goodwill of a firm is not given but has to be inferred on the basis of net worth of firm time is called

Posted by Dhruv Kumar 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 8 months ago

Hidden goodwill. When the value of goodwill is not given in the question, it has to be calculated on the basis of total capital/net worth of the firm and profit sharing ratio. X and Y are partners with capitals of ₹ 10,000 each. They admit Z as a partner for 1/4th share in the profits of the firm.

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What is meaning of partnership

Posted by Sejal Kurmi 4 years, 11 months ago

CBSE > Class 12 > Accountancy