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What is partner deed

Posted by Santosh Paswan 5 years, 8 months ago

1 answers

Saurabh Mishra 5 years, 8 months ago

A partner deed, also known as a partnership agreement, is a document that outlines in detail the rights and responsibilities of all parties to a business operation. ... It is helpful in preventing disputes and disagreements over the role of each partner in the business and the benefits which are due to them.

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A presents the following p/l account p/l loss appropriate alc to his partner b for the year ended 31 march 2017

Posted by Raveena Toliya 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Vandana as new partner for 1/8 the shares in the profit with

Posted by Raveena Toliya 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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A and B are partner sharing profits an losses in the ratio of 5:3 .on 1st april 2019 ,c is admitted to the partnership for 1upon 4th share of profits for this purpose Goodwill is to be valued at two year ' s purchase of last three year 's profit .profit to be weighted 1:2:3 the greatest weighted .being given two last year .net profit before partner 's remuneration were 2016-17 - 200000, 2017-18 - 230000 ,2018 - 19 - 250000. The remuneration of the partner is estimated to be 90000 p.a calculate amount of Goodwill.

Posted by Ankush Chauhan 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Did sylabus of accountancy is deleted

Posted by Ansh Nagpal 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Nitin Arya 5 years, 8 months ago

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If genral funds are received in huge amounts say 20 lac do they become a liability?

Posted by Goshmi Abrol 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Indrajeet Singh Arora 5 years, 7 months ago

Yes . General donation is shown in liability because if they are of huge amount then. an NPO would not expect such a huge amount every year . However if tbe amount is small the it is shown in the income and expenditure A/c credit side.

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Is this book is tsgrewal

Posted by Shivam Goswami 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Neena and sara were parteners in a firm wth fixed capital of $5 00 000and 4 00 000 respectively . It was discovered that partners for the two years ending 31 march 2018 and 31 mar 2019 whereas

Posted by Urmila Gurung 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Receipts: to balance b/d ₹10000 ; to subscriptions ₹52000 ; to entrance fee ₹5000 ; to sale of old newspapers ₹1000 ;to tournament fund ₹26000 ; to legacy ₹37000. Payment : by salary ₹15000 ; by billiards table ₹20000 ; by office expenses ₹6000 ; by tournament expenses ₹31000 ; by sports equipments ₹40000 ; by balance c/d ₹19000. Other informarions : On 31.12.2017 the subscription o/s was ₹2000 and on 31.12.2016 subscription o/s was₹3000. Salary o/s on 31.12.2017 was ₹1500. On 1.1.2017 the club had building ₹75000 , furinture ₹18000 , 12% investment ₹30000 and Sports equipment ₹30000. Depprection charged on these items including purchases was 10%. Prepare income and expenditure account of the club for the year ended 31.12.2017 and ascertain the capital fund on 1.1.2017. {Ans. Excess of income over expenditure ₹16800 , capital fund (1.1.2017) ₹166000. }

Posted by Rohit Kumar 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Maintanence of ground will come in which side of receipt n payment account

Posted by Saloni Jain 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Goshmi Abrol 5 years, 8 months ago

It will be shown on payments side of the receipts and payments account because money would have been spent for maintenance. Thus it is a payment and will be shown on the credit or payment side of receipts and payment account

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What is receipt and payment account

Posted by Aditya Yadav 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Goshmi Abrol 5 years, 8 months ago

It is a summary of all cash and bank receipts and payments . All the receipts are debited and all payments are credited, irrespective of the period to which they belong.if the money is received or paid in the current year it is a part of receipts and payments account . Non cash items are not recorded.

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What is wrong ratio

Posted by Karthik Esc 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Sia ? 4 years, 6 months ago

Please ask question with complete information.

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Equipment value 150000

Posted by Aman Sharma 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Different between drawing against and against capital

Posted by Devdutt Yadav 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 5 years, 8 months ago

Drawing against profit refers to the situation when the owner withdraw funds from the company, the funds withdrawn is taken out of profit generated from the operation (i.e., sales, etc.). These type of drawings does not affect in reduction of capital of entity. These types of drawings are not taken into considered for calculating interest on capital.

Drawing against capital is when the drawing is made in excess of profit generated by the firm from its operation. It reduces the capital of the firm and it is taken into consideration while calculating interest on capital.

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Rao and Reddy were partners in a firm sharing profits in the ratio of 3:1. They admitted kutty as a new partner for 3/8th share in the profits. The new profit sharing ratio will be 3:2:3. Kutty brought 2,00,000 for his capital and ₹50,000 for his share of premium for goodwill. On 31-3-2019, the date of kutty's admission, the Balance sheet of Rao and Reddy was as follows:

Posted by Misha Sharma 2 years, 5 months ago

CBSE > Class 12 > Accountancy

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Rao and Reddy were partners in a firm sharing profits in the ratio of 3:1.

Posted by Misha Sharma 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Ali and bahudur are partners in a firm sharing profits and losses as Ali 70% and bahadur 30%. their respective capital as 1st April 2019 stand as Ali rs 25000 and Bahadur rs 20000. the partners are allowed interest on capitals @5% p.a. Drawings of the partners during the year ended 31 march 2020 were rs 3500 and rs 2500 respectively profit for the year, before allowing interest on capital and annual salary of bahadur @rs 3000 was rs 40000 10% of divisble profit is to be transferred to reserve. prepare partner current account and capital account recording the above translation

Posted by Sanampreet Kaur 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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1st chapter 40 ques practical

Posted by Rajender Gupta 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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Sir accounts mai kitne book hai..

Posted by Víñày Upàdhyāy 5 years, 8 months ago

CBSE > Class 12 > Accountancy

3 answers

Nakul Sangal 5 years, 8 months ago

2 ncert ki part A and part B. Part 1 _

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Harshit Goyal 5 years, 8 months ago

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Mr Aryan Pandey 5 years, 8 months ago

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Sir, there are how many books of accountacy of class 12th

Posted by Somya Mangal 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Vineeta Chaudhary 5 years, 8 months ago

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Advantages of analysis of financial statements

Posted by Saurabh Singh 5 years, 8 months ago

CBSE > Class 12 > Accountancy

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What is non profit organisation?

Posted by Anju Chand 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Anju Chand 5 years, 8 months ago

Organisation which is not work for profit . Non profit organisation is work for service motive . Some non profit organisation are Hospitals , Schools , Dispensary , Temples etc. Their sources of fund is donation , legecy etc.

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Sort note on partnership

Posted by Ayas Usmani 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Ayas Usmani 5 years, 8 months ago

Tell me

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what is cash and cash equivalents

Posted by ਖਾਲਸਾ ਟੀਵੀ 5 years, 8 months ago

CBSE > Class 12 > Accountancy

1 answers

Yogita Ingle 5 years, 8 months ago

Cash: Cash comprises cash in hand and demand deposits with bank.

Cash equivalents: Cash equivalents are short-term, highly liquid investment that are readily convertible into known amount of cash and which are subject to an insignificant risk of change in the value e.g. short-term investment. Generally, these investments have a maturity period of less than three months.

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What is mutual agency

Posted by Vaibhav Soni 5 years, 8 months ago

CBSE > Class 12 > Accountancy

2 answers

Akash Gupta 5 years, 8 months ago

Mutual Agency means to understand felling of other parthner

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Meghna Thapar 5 years, 8 months ago

Mutual agency is the right of all partners to represent the company's normal business operations and the authority to bind it to mutual contracts and agreements. In leman's terms, it is the authority given to a person doing business on behalf of the company, usually a business owner or partner.

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A and B are partners A's capitl is 100000 and B's 60000 interest on capital is payable @ 6% p.a Bi's entitled to a salary of 3000 per month profit for the current year before interest and salary to B is 80000

Posted by Sushil Somvanshi 5 years, 8 months ago

CBSE > Class 12 > Accountancy