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

Ask questions which are clear, concise and easy to understand.

Ask Question

Explain the objective of MGNREGA

Posted by Rajywardhan Charan 4 years ago

2 answers

MGNREGA-Mahatma Gandhi National Rural Employment Guaranteed Act 1)launched on February 2nd 2006 in 200 backward district in the first phase and was expaned to 130 district during 2007 and 2008. 2) The scheme provided livelihood security to people of rural area by providing at least 100 days of guaranteed wage employment in the financial year to every household whose adult member volunteered to do unskilled manual work. 3) out of total of rupees 33000 crore approved for 2013 and 14 28073 crore has been utilised and about 4.78 crore household have been provided employment. Its achievements are improved economic outcomes, watershed activities and foreign distress migration.

0Thank You

Yogita Ingle 4 years ago

The objectives of implementing MGNREGA are as follows.
(i) Its main objective is to provide employment to the unemployed. It gives social protection to the most vulnerable people living in rural India by giving them employment opportunities.
(ii) According to MGNREGA, all those who are able to and are in need of work would be guaranteed 100 days of employment in a year by the government.
(iii) If the government fails in its duty to provide employment, it will give unemployment allowances to the people.
This act is known as the largest and most ambitious social security and public works programme in the world. MGNREGA Is a powerful instrument for ensuring inclusive growth in rural India.

0Thank You

ANSWER

X Limited forfeited 900 equity shares of rupees 100 each for the non payment of allotment money of rupees 30 per share and first call of rupees 20 Per share. The second and final call of rupees 25 per share has not been made. The forfeited shares were reissued for rupees 90 per share, rupees 75 paid up. Journalise the above.

Posted by Anush. P P 4 years ago

CBSE > Class 12 > Accountancy

3 answers

Sneha Rai 4 years ago

Second entry starts from bank a/c and third entry start from share forfeited

2Thank You

Sneha Rai 4 years ago

Share capita a/c dr.=67500 To share allotment a/c = 27000 To share first call a/c = 18000 To share forfeited a/c=22500 Bank a/c dr.= 81000 To security premium = 13500 To share capital= 67500 Share forfeited a/c dr.=22500 To capital reservea/c= 22500

3Thank You

Anush. P P 3 years, 11 months ago

What is the answer

7Thank You

ANSWER

X limited offered to the public 10000 shares of rupees 10 each at a premium of ruppees 2per share payable as follows- On applications rupees 3,onallottment

Posted by Aniket Rathore 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Saregama Ltd. invited applications for issuing 80,000 equity shares of ₹100 each at a premium of ₹10. The amount was payable as follows: On application : ₹30; on allotment : ₹30 (including premium of ₹10); on first call : ₹30; on final call : balance. Applications of 1,20,000 shares were received. Allotment was made on pro rata basis to all applicants. Excess money received on application was adjusted on sums due on allotment. Dhwani, who was allotted 1600 shares, failed to pay allotment money and Sargam who applied for 6000 shares did not pay first call money. These shares were forfeited immediately after first call. 2000 of 10 these shares (including all shares of Dhwani were issued to Tarang for ₹95 per share as ₹80 paid up. Pass necessary journal entries in books of Saregama Ltd. by opening Calls in Arrear and Calls in Advance Accounts, if final call has not been made.

Posted by Fathima Riya 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

?? Hii Everyone I'm new :- Thakur Akhil Singh Sengar

Posted by Thakur Akhil Singh Sengar 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Difference between drawings and loan by a partner ?

Posted by Deepak Bhatt 4 years ago

CBSE > Class 12 > Accountancy

2 answers

Deepak Bhatt 4 years ago

If drawings is withdrawn by a partner from the business then what is withdrawal of capital

0Thank You

Rohit Yadav 4 years ago

Drawings are the amount which is withdrawn by a partner from the business Whereas Loan by partner refers to amount given by partner to business as a loan for a period of time whose interest is charge against profit

1Thank You

ANSWER

Jain Ltd invited application for issuing 112000 equity share of 10 each at parties. The amount per share was payable as follows :on application 1 on allotment 2 on first call 3 on second and final call 4.applications for 100000 shades were received.

Posted by Khushi Bai 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Rohit Yadav 4 years ago

Application money will be returned to applicants As money is less than that of norms that is : At least 90% of issues should be subscribed.

2Thank You

ANSWER

Vinod Welfare Society has provided the following information on 31t March 2020:

Posted by Lucky Soni 2 years, 9 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

H Ltd forfeited 500 shares of Rs 100 each issued at 40% premium(Rs 70 called up) on which application & allotment of Rs 80 each (including premium) has been received. Out of these, 200 shares were reissued for Rs 65 per share( Rs 70 paid up). What is the amount to be transferred to Capital Reser

Posted by Sharon Sam 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Question no7 of practicle

Posted by Shakti Singh 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

What is capital fund and how it is calculated?

Posted by Shabbir Shaikh 4 years ago

CBSE > Class 12 > Accountancy

2 answers

Aniket Sharma 4 years ago

Yes

0Thank You

Ankush Chandel 4 years ago

Capital fund is general fund contributed by members for non profit organisation without mentioning any specific use. It is calculated by preparing opening balance sheet

1Thank You

ANSWER

On 1st April, 2018, the company with an authorized capital of 2,00,000 equity shares of Rs.10 each, invited applications for 1,50,000 equity shares. Public subscribed for 1,40,000 shares. All money was duly received except Mr. X holding 1000 shares did not pay Rs. 3 and Mr. Y holding 2000 shares did not pay Rs. 4. Company forfeited the shares on which less than Rs. 7 has been received. On the basis of the above information show the share capital in the company’s Balance Sheet.

Posted by Mohit Panday 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

) X and Y are partners sharing profits and losses in the ratio of 7:5. They admit Z, a new partner, who acquires 1/12th from X and 1/6th from Y as his share. b) A and B are partners in the firm sharing profits and losses in the ratio of 5:3. A surrenders 1/20th of his share, whereas B surrenders 1/24th of his share in favour ofC, a new partner. c) N and M are partners sharing profits in the ratio of 2:1. They admit O into the partnership for the 1/4th share of profit. O has acquired the share from old partners in the ratio of 3:2. d) P and Q are partners sharing profit and losses in the ratio of 5:3. R is admitted for 1/5th share and he acquires all his share from P.

Posted by Nafisa Jalali 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

WagonR limited invited applications for issuing

Posted by Ujjwal Patel 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

X and Y are partners in a firm sharing profits in the ratio of 4 : 3. On 1st April, 2012, they admitted Z as a new partner. Z brought in Rs 1,00,000 for his capital and Rs 21,000 for 1/3 rd share of goodwill premium. On Z’s admission goodwill appeared in the books of the firm at Rs 28,000. Record the necessary journal entries on Z’s admission

Posted by Nafisa Jalali 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Mohd Muaz Malik 4 years ago

X:Y 4:3 Admitted partner Z for 1/3rd share. Brought :- capital 1,00,000 G/w 21,000 _____________________________ Let total share =1 Z share =1/3 Remaining share 1/3-1/1 =2/3 X= 4/7×2/3 = 8/21 Y= 3/7×2/3 = 6/21 Z = 1/3 X:Y:Z 8/21:6/21:1/3 8 : 6 : ________________ 21

4Thank You

ANSWER

Solution of ques no 87 of vol 2 chapter 8

Posted by Kashish Sharma 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Jain ltd. invited applications for issuing 112000 equity shares of rs 10 each at par

Posted by Tanmya Jain 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Mohd Muaz Malik 4 years ago

Bank a/c 112000×10 To equity share application a/c 112000×10 ( being..................... ) Equity share application a/c 112000×10 To equity share capital a/c 112000×10

0Thank You

ANSWER

Ali and bahadur are partners in firm sharing profits and losses as ali 70%and bahadur 30%

Posted by Jaswinder Mattu 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Mohd Muaz Malik 4 years ago

Its means 7:3

0Thank You

ANSWER

Parul and aruna school time fried

Posted by Meena Pathak 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Nadeem Khan 4 years ago

I want 2 questions with answers

0Thank You

ANSWER

Sample paper question 19

Posted by Vandana Yadav 4 years ago

CBSE > Class 12 > Accountancy

2 answers

Priyanshu Mishra 4 years ago

0Thank You

Riya Jain 4 years ago

Konsa subject

1Thank You

ANSWER

Sample paper 2020-21ka question 19

Posted by Vandana Yadav 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Vandana Yadav 4 years ago

Please send

1Thank You

ANSWER

Is balancesheet will there in 2020 syllabus.

Posted by Sumit Dangi 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Riya Choudhary 4 years ago

Yaa ...only for few chapter it is deducted

0Thank You

ANSWER

A summary of Receipts and Payment of Netaji Subhash Club for the year ended 31st March, 2016 is as follows : RECEIPTS AND PAYMENT ACCOUNT for the year ended 31st March, 2016 Receipts ₹ Payments ₹ To Balance b/d Cash in hand 50,000 By Salaries 20,000 To Subscription By Rent 15,000 2014-15 10,000 2015-16 1,00,000 2016-17 5,000 1,15,000 By Printing and Stationery 8,000 To Income from Entertainments 2,000 By water and Power 15,000 To Interest 1,500 By Newspaper and Periodicals 18,000 By Furniture 50,000 By Repairs to Furniture 2,000 By Refreshment 10,000 By Closing Balance 30,500 1,68,500 1,68,500 Additional Information: The number of members of the club was 500 and the subscriptions was ₹ 20 per month. The Rent of the club House was ₹1,500 per month. At the end of the year prepaid salary was ₹ 2,000. In 2014-15, ₹ 50,000 were deposited in Fixed Deposit Account for 3 years in bank carrying 6% interest p.a. The other assets on 1st April, 2015 were as follows: Furniture ₹ 80,000 and Sports Equipment ₹40,000. Depreciation is to be provided @ 10% p.a. on Furniture and Sports Equipment. Prepare Income and Expenditure Account for the year ending 31st March, 2016 and Balance Sheet as at that date.

Posted by Anshu Yadav 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Ayush Tiwari 3 years, 4 months ago

pls answ now

1Thank You

ANSWER

Why in case of loss, we do not have to prepare p/l appropriation a/c

Posted by Shreshth Yadav 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Rishabh Bansal 4 years ago

We dont prepare p and l app. A/c as we dont have any profits to appropriate and losses can be disttributed in p and l a/c itself

0Thank You

ANSWER

Which is best teacher of accountancy for class 11 and 12 on youtube??

Posted by Wattan Brar 4 years ago

CBSE > Class 12 > Accountancy

4 answers

Ghousiya Niyaz 4 years ago

Rajat Arora ! ?

1Thank You

Apra Singh ?? 4 years ago

Gaurav jain

1Thank You

Ved Mehta 4 years ago

Commerce baba

2Thank You

Riya Jain 4 years ago

Sunil panda and gourav jain

2Thank You

ANSWER

Amara Madhura Prema partners sharing profit and losses in the ratio of 2 is to 1 X 1 their balance sheet as on 31st 2018 was as follows show realisation account

Posted by Afreen Mg 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Sushanth.S. Acharya 3 years, 8 months ago

answer please

7Thank You

ANSWER

When calculating average trade payables the creditors and bill payables are added. Is this divides by 2 or not

Posted by Nishu Dahiya 4 years ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

vaidiya ltd of Nadiad company issued rs 750000 equity share of rs10 each.the amt thereon was payable as application 3rs; allotment 4rs;first and final call rs3.company received application for 750000 shares were alloted shares amounts due on allotment and call were called at appropriate time and were all received on due date

Posted by Krupa Lodhari 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Samie ❣️ 4 years ago

# Bank A/c dr. 2,25,000 To share application a/c 2,25,000 #Share capital A/c dr. 2,25,000 To share application a/c 2,25,000 #Share allotment a/c dr. 3,00,000 To share capital a/c 3,00,000 #Bank a/c dr. 3,00,000 To share allotment a /c 3,00,000 #Share first and final call a/c dr. 2,25,000 To share capital a/c 2,25,000 #Bank a/c dr.2,25,000 To share first and final call a/c 2,25,000

0Thank You

ANSWER

Can anyone explain Subscription in brief ? (Bohot dimaag kharab krti hai?)

Posted by ?????? ???? . 4 years ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 4 years ago

Subscription is the main source of income for an NPO besides entrance fees, donations, grants, etc. Subscriptions refer to the amount of money paid by the members on periodic basis for keeping their membership with the organisation alive. It is paid monthly, quarterly, half yearly or annually by the members.

It is shown in the debit side of the Receipt and Payment Account with the total amount received during the year that may be related to the current period and to the previous and next accounting period.

While calculating subscription for the current period, advance subscription received for the current period in the previous period and outstanding subscription for the current period are added to the subscription received during the current period. Whereas, on the other hand, advance subscription received for the next accounting period during the current period and outstanding subscription for the preceding period are deducted from the subscription received during the current period.

3Thank You

ANSWER

A company issued for public subscription 50,000 Equity Shares of 10 each at a premium of 2 per share, payable as under: On application On allotment On first call On final call 2 per share 5 per share 2 per share 3 per share Applications were received for 75,000 Equity Shares. The shares were allotted on pro rata basis to the applicants for 60,000 shares, the remaining applications being rejected. Money overpaid on applications was utilised towards sum due on allotment. A, to whom 2.000 shares were allotted, failed to pay allotment and calls money and B, to whom 2,500 shares were allotted, failed to pay the two calls. These shares were, subsequently, forfeited after the final call was made. All the forfeited shares were reissued to X as fully paid-up e78 per share. Pass Journal entries to record the above transactions.

Posted by ?????? ???? . 4 years ago

CBSE > Class 12 > Accountancy