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What is comparative statement

Posted by Kashish Koli 5 years, 4 months ago

1 answers

Yogita Ingle 5 years, 4 months ago

Comparative income statement It is a statement which shows in percentage term the total of income earned and expenses incurred during two or more accounting periods

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A and B entered into partnership on 30th September 2013 introducing capital of 200000 each they divided the profit of 260000 for the year ended 2013-14 in the ratio 5: 4: 4 without providing for the following items: 1. Interest on capital is to be charged at 10% per annum 2. Interest on loan advanced by be on inception of partnership. The amount of advance being 400000 3.managers commission 10% after charging interest on B's advance 4. Profit to be shared equally Pass the journal entry

Posted by Ritikksha Verma 5 years, 4 months ago

CBSE > Class 12 > Accountancy

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ANSWER

Manoj, Rakesh and Harsh were partners sharing profits in the ratio of 2:2 1. Manoj died on 30th June, 2012) Rakesh and Harsh decided to continue the business. Share of profit or loss of the deceased partner frem the beginning of the year up to the date of death was to be determined on the basis of last year's prett Last year's loss was 2,00,000 Pass necessary Journal entry to record Manoj's share of profit/loss up to the date of death

Posted by Siddharth P 5 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Sachin Kori 5 years, 4 months ago

I have taken the accounting year

1Thank You

Sachin Kori 5 years, 4 months ago

June 30 :- manoj's capital a/c dr. 20000 To profit and loss Suspense a/c 20000 Working note:- 2,00,000×3/12×2/5=20000

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ANSWER

Radha, Tina and Reeta were partners sharing profits equally. Rita died on 31st July, 2020. Radha and Tina decided to continue the business. Share of profit or loss of the deceased partner from the beginning of the year up to the date of death was to be determined on the basis of last year's profit, which was 4,50,000 Pass necessary Journal entry to record Reeta's share of profit/loss up to the date of death

Posted by Siddharth P 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Sachin Kori 5 years, 4 months ago

July 31:- profit and loss suspense A/c dr. 50000 To rita's capital a/c Cr. 50000 Working note:- 4,50,000×4/12×1/3= 50000

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ANSWER

a and b entered into partnership on 30th September 2013 introducing capital of 200000 each they divided the prophet rupees 260000 for the year ended 2013-14 in the ratio 5 is to 4 is to 4 without providing for the following items: 1. Interest on capital is to be charged at 10% per annum 2. Interest on loan advanced by be on inception of partnership. The amount of advance being rupees 400000 3.managers commission 10% after charging interest on B's advance 4. Profit to be shared equally Pass the journal entry

Posted by Ritikksha Verma 5 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Iaj

Posted by Kumkum Soni 5 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Can i get compartment question paper

Posted by Mani Duggal 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Dhruv Bhardwaj 5 years, 4 months ago

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ANSWER

Anyone would like to help me in accounts and can contact me through instagram. my insta id - palkin.08

Posted by Palak Tulsiyan 5 years, 4 months ago

CBSE > Class 12 > Accountancy

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ANSWER

A, b and c are partners in a firm sharing profit and losses in the ratio of 3:2:1. They admit d into partnership with 1/4th share which he acquires from a and b in the ratio of 2:1. On d's admission the goodwill of the firm is valued at 600000. However , d is unable to bring his share of goodwill in cash. What will be the necessary journal entry?

Posted by Palak Tulsiyan 5 years, 4 months ago

CBSE > Class 12 > Accountancy

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ANSWER

S B and J were partners in a firm. T was admitted as a partner in the partnership firm for 1/5th share of profits. Calculate sacrificing ratio of S, B and J.

Posted by Ehsaas Dawar 5 years, 4 months ago

CBSE > Class 12 > Accountancy

3 answers

Kirti Gautam 5 years ago

iska answer different Aarha h

5Thank You

Ehsaas Dawar 5 years ago

Thanku @divyansh monga

4Thank You

Divyansh Monga 5 years, 4 months ago

Total share ko 1 let karo and then 1-1/5 jo remaining share hoga vo S,B,J ka hoga fir gaining and sacrificing ratio devide kar doo . ............try it

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I want mcq of whole partnershi

Posted by Ritesh Jindal 5 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Ritesh Jindal 5 years, 4 months ago

Ok saale

0Thank You

Divyansh Monga 5 years, 4 months ago

Aabe saale bahut challu hai tuu too dabbu sir ke questions lene ke try kar ra hai ..............vaise i also want

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Website

Posted by Payal Saini Payal Saini 5 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Question and solution all chapter for accountancy

Posted by Payal Saini Payal Saini 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Ayushi Jain 5 years, 4 months ago

Deepika rajshree are partners

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ANSWER

Sam,Tom and usha were partners in a firm sharing profits in the ratio of 1:2:2. On 28.3.2014.sam died and the new profit sharing ratio of Tom and usha was 3:2 .on Sam's death, the goodwill of the firm was valued at rs 3,00,000

Posted by Sovit Kumar Samal 5 years, 4 months ago

CBSE > Class 12 > Accountancy

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ANSWER

A:B are partners in the ratio of 3:1. Their capitals are 2,00,000 and 1,50,000. Interest will be provided @5% . Profits are 8000. Prepare a P&L Account and provide Interest on capital full, even if it involves a loss

Posted by Ananya Roy 5 years, 4 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

If shares is not given in question how we distribute capital between partners

Posted by Ravina Meena 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Aswathy Jasmi 5 years, 4 months ago

If the question is silent about sharing ratio then we can consider the partners to be equal ....the ratio b/w them will be 1:1

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ANSWER

Dube Shukla and mishra are patners in firm sharing ratio and mishra is retired

Posted by Ravina Meena 5 years, 4 months ago

CBSE > Class 12 > Accountancy

2 answers

Ravina Meena 5 years, 4 months ago

Thanks

0Thank You

Kaushik Shrimali 5 years, 4 months ago

In this situation, the remaining partner can go for a new partnership or whether he can be the sole proprietor of the business

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ANSWER

X Y and Z share profits in the ratio 4 ratio 3 ratio 2 p was admitted in the forms as partner with 1 by 10 share of profit calculate the sacrificing ratio of the partners

Posted by Shreya Mishra 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Harleen Kaur 5 years, 4 months ago

Old ratio(X:Y:Z)= 4:3:2 or 4/9 : 3/9 : 2/9 P's share= 1/10 Remaining share = 1- 1/10 = 9/10 X's sacrifice= 4/9 × 1/10= 4/90 Y's sacrifice= 3/9× 1/10= 3/90 Z's sacrifice= 2/9× 1/10= 2/90 Hence, sacrificing ratio= 4/90: 3/90: 2/90 = 4:3:2

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ANSWER

Net profit after interest and tax rupees12000 rate of income rax 40% 15%debentures rupees 100000 12%mortgage loan rupees 100000

Posted by Prince Arora 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Apeksha Gurjar 5 years, 4 months ago

What to do in this question passing the journal entry or something else

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Characteristics of not for profit organization

Posted by Arijit Roy 5 years, 4 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 5 years, 4 months ago

Characteristics or features of Not-For-Profit Organisation

Entity: has a separate legal entity promoted by individuals.
Purpose: is to further cultural, educational, religious, professional objectives and rendering service to people at large.
Ownership: it is set up as charitable society or trust. Thus owned by an individual or group of individuals.
Financial statements: it prepares its financial statement every year which includes receipts and payments account, income and expenditure and balance sheet.
Funds: required for operations are given by its members and donors as entrance fee, membership fee, subscription and donations. It is supplemented by surplus from operations.

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A b c are partners sharing profit in 2:2: 1 in balance sheet liabilities side cr 500000 general reserve 250000 partners capital ac b 180000 c 120000 captal a a 500000 b 300000 c 150000 in asset side cash at bank 10000 dr 600000 provision for dd 25000 stock 340000 land and building 1000000 advertisement suspens ac 60000 profit and loss 15000 . In given information a stock is overvalued 20000 land and building are undervaluefv100000 b provision for dd is to be increased to 30000 c old credit balance of Sundry creditors 40000 written off d a computer purchases on 1 oct 2017 for 50000 debited tp office expenses ac is to be brought into accounts charging depreciatipn @20%p.a. e goodwill of the firm is valued at 150000 and the amount due to b be adjusted in the captial account of a and c . Prepare revaluation ac , capital ac and the balance sheet and pass necesaary journal entrys

Posted by Parneet Kaur 5 years, 4 months ago

CBSE > Class 12 > Accountancy