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आप जो सवाल पूछ रहे हैं वह अस्पष्ट या अधूरा है।
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Q.6. A and B are partner in a firm sharing profits in the ratio of 3:2. Their capitals on 1st Jan. 2007 were Rs.70000 and Rs. 50000 respectively. They decided to allow interest on capital @ 10% per annum. The profit of the firm before charging interest on capital amounted to Rs.9600. Show the distribution of profits: (a) When there is no agreement except for interest on capital. (b) When there is a clear agreement that interest on capital will be allowed even if the firm incurred a loss.

Posted by Animesh Jain 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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A firm makes credit revenue from operations of 240000 during the year.if the trade receivable turnover ratio is 8 times , calculate closing debtors,if the closing debtors are more by 6000 than the opening debtors......................

Posted by Baljinder Randhawa 4 years, 11 months ago

CBSE > Class 12 > Accountancy

2 answers

Kamna Rana 4 years, 11 months ago

Closing debtors= 18000

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Kamna Rana 4 years, 11 months ago

12000

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Receipts and payments account of Ms Singh disclosed that it has received rupees 75000 by way of subscription for the year ended 31st March 2020.the following additional information is supplied to you. Subscription outstanding on 1st April 2019 (out of which rupees 10000 where received during the year 2019-20 )12000 Subscription outstanding on 31st March 2020 for the year 2019-20 rupees 15000 Subscription received in advance on 31st March 2019 rupees 7000 Subscription received in advance on 31st March 2020 rupees 5000. show how the subscription will appear in the income and expenditure account for the year ended 31st March 2020

Posted by Saloni Jain 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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ANSWER

What will be depritiation

Posted by Mayank Dangi 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 4 years, 11 months ago

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. Depreciating assets helps companies earn revenue from an asset while expensing a portion of its cost each year the asset is in use. If not taken into account, it can greatly affect profits.

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intrest charged on capital @ 7 % p.a when Total price was 7,00,000

Posted by Alankrata Bhadoria 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Khushi Jain 4 years, 11 months ago

14000

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treatment of interest on capital when profit is inadequate

Posted by Baljinder Randhawa 4 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Muskan Jindal 4 years, 11 months ago

Then profits are divided in the ratio of their appropriations

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Comparative statement and common size statement solutions

Posted by Teena Sharma 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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ANSWER

Objectives of 1 chapter accounting for partnership fundamentals

Posted by Najalabi Nadaf 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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Helping in project

Posted by Gunjan Prajapati 4 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Shradha Rajput 4 years, 11 months ago

Give me accounts specific project

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Aditi ?? 4 years, 11 months ago

Please provide me bst project on principles of management

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Aditya Rathore 4 years, 11 months ago

Please provide me in accountancy class 12th project on segment analysis

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I want project

Posted by Lakmi Kesharwani 4 years, 11 months ago

CBSE > Class 12 > Accountancy

3 answers

Shradha Rajput 4 years, 10 months ago

Any

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Shradha Rajput 4 years, 11 months ago

I also want accounts specific project

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Aditi ?? 4 years, 11 months ago

On which topic

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S Ltd. invited applications for issuing 1,00,000 equity shares of Rs. 10 each. The shares were issued at a premium of Rs. 5 per share. The amount was payable as follows: On Application and Allotment – Rs. 8 per share (including premium Rs. 3) On the First and Final call – Balance including premium Applications for 1,50,000 shares were received. Applications for 10,000 shares were rejected and prorata allotment was made to the remaining applicants on the following basis: (I) Applicants for 80,000 shares were allotted 60,000 shares, and (II) Applicants for 60,000 shares were allotted 40,000 shares. Excess amount received on application and allotment was to be adjusted against sums due on call. X, who belonged to the first category and was allotted 300 shares, failed to pay the first and final call money. Y, who belonged to the second category and was allotted 200 shares, also failed to pay the first and final call money. Their shares were forfeited. The forfeited shares were reissued @ Rs. 12 per share as fully paid-up. Pass necessary cash book and journal entries for the above transactions in the books of the company

Posted by Anant Gupta 4 years, 11 months ago

CBSE > Class 12 > Accountancy

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X company ltd. issued a prospectus inviting application for 8000

Posted by Shrishti Bhanu 5 years ago

CBSE > Class 12 > Accountancy

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Ram and Sudha were partners in a firm sharing profit equally their fixed capital was to be like and 10000 respectively the partnership deed provide for interest on capital at 10% per annum for the year ended 31st March 2019 the profits of the firm with distributed without providing interest on capital the journal entry to rectify the error would be

Posted by Krish Gupta 5 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is SEBI?

Posted by Mansi Yadav 5 years ago

CBSE > Class 12 > Accountancy

2 answers

Yogita Ingle 5 years ago

SEBI became an autonomous body on 12 April 1992 and was soon constituted as the regulator of capital markets under the Government of India. The headquarters of Security and Exchange Board of India is located in Mumbai, Maharashtra and has four regional offices in New Delhi, Kolkata, Chennai and Ahmedabad.

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Kashsih Varshney 5 years ago

Securities and exchange board of India

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Following is the Balance Sheet of Delta Ltd. as at 31st March, 2019 and 2018. Particulars Note No. 31.03.2019 (Rs) 31.03.2018 (Rs) I. EQUITY AND LIABILITIES 1. Shareholders’ Funds (a) Share Capital (b) Reserves and Surplus 5,00,000 4,00,000 4,00,000 2,50,000 2. Non- Current Liabilities Long-term Borrowings 2,00,000 1,70,000 Total 11,00,000 8,20,000 II. ASSETS 1. Non-Current Assets (a) Fixed Assets: Tangible (Machinery) (b)Non- Current Investments 8,00,000 1,80,000 5,00,000 1,80,000 2. Current Assets (a) Inventories (b) Trade Receivables (c) Cash and Cash Equivalents 50,000 40,000 30,000 70,000 45,000 25,000 Total 11,00,000 8,20,000 Notes to Accounts: Particulars 31.03.2019 (Rs) 31.03.2018 (Rs) Reserves and Surplus Surplus, i.e. Balance in Statement of Profit and Loss 4,00,000 2,50,000 Additional Information: (i) A piece of Machinery of the book value of Rs 60,000 was sold for Rs 45,000 at the beginning of the year. Depreciation provided on Machinery during the year amounted to Rs 1,30,000. Prepare a Cash Flow Stateme

Posted by Hargovind Singh Suryavanshi 5 years ago

CBSE > Class 12 > Accountancy

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MN and over partners in a form with fixed capital of rupees 25000 35040 5000 respectively the partnership deed provided for the following interest on capital at the rate of 5% per annum be interested in trying at the rate of 6% per annum see each partner withdrew its thousand on October 1 2017 the 45000 is to be transferred to a reserve account profit sharing ratio is 2 ratio 2 ratio 1 so net profit of the form before above adjustment for the year ended 31st March 2018 is 80903 pair Profit and Loss appropriation account for the year ended on 31st March 2018

Posted by Ashmi Aggarwal 5 years ago

CBSE > Class 12 > Accountancy

0 answers

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Account project session 2020--21full details

Posted by Md Tufal 5 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Liquidity ratio full with exam

Posted by Md Tufal 5 years ago

CBSE > Class 12 > Accountancy

2 answers

Gaurav Seth 5 years ago

Liquidity Ratios: Liquidity ratios measure the firm’s ability to fulfil its short-term financial obligations.
(i) Current ratio/Working capital ratio This ratio establishes relationship between current assets and current liabilities and is used to assess the short-term financial position of the business concern. Current ratio of 2:1 is considered to be ideal.

Items Included in Current Assets
(a) Current investments
(b) Inventories (Excluding loose tools, stores and spares)
(c) Trade receivables (bills receivable and sundry debtors less provision for doubtful debts)
(d) Cash and cash equivalents (cash in hand, cash at bank, cheques/drafts in hand)
(e) Short-term loans and advances
(f) Other current assets (prepaid expenses, interest receivable, etc.)
Items Included in Current Liabilities
(a) Short-term borrowings
(b) Trade payables (bills payable and sundry creditors)
(c) Other current liabilities (current maturities of long-term debts, interest, accrued but not due on borrowings, interest accrued and due on borrowings, outstanding expenses, unclaimed dividend, calls-in-advance, etc)
(d) Short-term provisions
(ii) Liquid ratio/Quick ratio/Acid test ratio This ratio establishes relationship between liquid assets and current liabilities and is used to measure the firm’s ability to pay the claims of creditors immediately. This ratio is a better indicator of liquidity and 1 : 1 is considered to be ideal.

Items Included in Liquid/Quick Assets
(i) Current investments.
(ii) Trade receivables (bill receivables, debtors less provisions for doubtful debts).
(iii) Cash and cash equivalents.
(iv) Short-term loans and advances.
(v) Other current assets except prepaid expenses.
Items excluded in liquid assets are inventories, prepaid expenses.
Items Included in Current Liabilities
(i) Short-term borrowings.
(ii) Trade payables (bills payable and sundry creditors).
(iii) Other short-term liabilities.
(iv) Short-term provisions.

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Tia Clarice Jose 5 years ago

Ssss

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What is specific project? Discuss in details

Posted by Priyanshu Pandey 5 years ago

CBSE > Class 12 > Accountancy

1 answers

Samie ❣️ 5 years ago

specific project means each individual project under the main project lead by the first, second, third and fourth party.

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Limitations of recept and payment account

Posted by Lesh Patle 5 years ago

CBSE > Class 12 > Accountancy

1 answers

Gaurav Seth 5 years ago

It does not differentiate capital and revenue expenses and incomes. This is because it shows transactions of both natures together at the same place without any showcase of difference.
It fails to show the transactions on an accrual basis.
It does not define any targets making it incapable of showing surpluses and deficits at the end of the year.
Receipts and payments account does not show Non-Cash transactions like depreciation of assets, pilferage etc.

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Limitation of recept and payment

Posted by Lesh Patle 5 years ago

CBSE > Class 12 > Accountancy

1 answers

Samie ❣️ 5 years ago

Disadvantages of Receipts and Payment Account: It does not differentiate capital and revenue expenses and incomes. ... It fails to show the transactions on an accrual basis. It does not define any targets making it incapable of showing surpluses and deficits at the end of the year.

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Name any three items that are transfered directly from balance sheet to the parter's capital A/C

Posted by Priya Singh 5 years ago

CBSE > Class 12 > Accountancy