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

And as income and exp acc involves items both of revenue and capital nature so it is a item of capital receipt if received on lump sum basis and if received in less amt so revenue receipt

1Thank You

Pooja Laharwani 5 years, 10 months ago

Court hire or ground hire comes in income and exp acc at income side

0Thank You

Jyotirmay Chakraborty 5 years, 10 months ago

Capital receipt

0Thank You

ANSWER

Proposed divident

Posted by D.N. Mishra 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Pooja Laharwani 5 years, 10 months ago

If given in notes of acc so opening balance of it is deducted from financing acti and closing balance is added to np before tax and extrao items and if given as additional inf so opening balane is added to np before tax and extrao and deducted from financing acti

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ANSWER

Stock of stationary as at 1 April, 2018 rupees 12000

Posted by Himmy Singh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Kajal,Neerav And Alisha are partners in a firm sharing profits in the ratio of 3:2:1.They decided to admit venusan has new partner. He brought sufficient amount of capital and his share of goodwill premium. The accountant of the firm passed the entry of rent paid for the building to venusan in profit and loss appropriation account. Is he correct in doing so? Give reason.

Posted by Dhanu Sridhar 4 years, 5 months ago

CBSE > Class 12 > Accountancy

2 answers

Harshita Sinha 3 years, 6 months ago

open answer

16Thank You

Lokesh Dhankhar 5 years, 10 months ago

No, coz. Rent is a charge against profit.

16Thank You

ANSWER

Retirement and Admission during the year is in course or not ?

Posted by Shradha Malpani 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Prerna Shukul 5 years, 10 months ago

It is in the course

0Thank You

Priya Rawat 5 years, 10 months ago

It is in the course

1Thank You

ANSWER

Class 12th NCERT accounts ka chapter wise important questions dalea

Posted by Naman Sawarn 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Prerna Shukul 5 years, 10 months ago

All questions and all chapters are important

0Thank You

ANSWER

npo important questions

Posted by Lovepreet Singh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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npo questions

Posted by Lovepreet Singh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Raghav ltd. Purchased a running business from krishna traders for a sum of rs 15,00,000 payable rs 3,00,000 by cheque and for the balance issued 9% debentures of rs 100 each at par The assets and liabilities consisted of the following: Plant and machinery 4,00,000 Buildings. 6,00,000 Stock. 5,00,000 Sundry debtors. 3,00,000 Sundry creditors. 2,00,000 Record necessary journal entries in the books of raghav ltd.

Posted by Kirat Singh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Kunal Paliwal 5 years, 10 months ago

Plant and machinery a/c Dr. 4,00,000 Buildings a/c Dr. 6,00,000 Stock a/c Dr. 5,00,000 Sundry debtors a/c Dr. 3,00,000 Goodwill a/c. Dr. 1,00,000 To sundry creditors a/c 2,00,000 To Bank a/c 3,00,000 To 9% Debentures 14,00,000

4Thank You

ANSWER

Commen size statements question no. 5

Posted by Harshit Kaushik 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Samar Gagneja Panjabi Boy Samar 5 years, 10 months ago

Kon si book se

0Thank You

ANSWER

treatment of commission 6000(5000-outstanding)

Posted by Sachin Kumar 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Sarthak Arora 5 years, 10 months ago

Add it

0Thank You

ANSWER

A ltd issued 9000000 9%debenture of 50 each at a discount of 8%redeemable after five years

Posted by Rachana Gautam 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

A piece of machinery costing ₹50000 on which depreciation of ₹ 20000 has been charged was sold for ₹ 10000. Depreciation charged during the year was ₹ 18000. Please help me to show a working note

Posted by Steve Thabah 5 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Nilesh Sah 5 years, 10 months ago

(Book value of machine 30,000 (50,000-20,000) Less: sale value :10,000 = loss: 20,000) but depreciation provided 18,000

0Thank You

Nilesh Sah 5 years, 10 months ago

It's wrong answer.

0Thank You

Kunal Paliwal 5 years, 10 months ago

To balance b/d 50000 By depreciation a/c 18000 By bank a/c 10000 By loss on sale of machinery a/c 22000

4Thank You

ANSWER

Jyoti society showed following balance sheet

Posted by Somesh Pandey 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

When the debentures are reedemsd so first DRR is made or DRI?????

Posted by Nancy Shyamnani 5 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Kunal Paliwal 5 years, 10 months ago

Drr

2Thank You

Gautam Jaiswani 5 years, 10 months ago

Drr

0Thank You

Somesh Pandey 5 years, 10 months ago

Drr. Banega samjhe bade

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ANSWER

X y and z for partner in a firm sharing profit in the ratio 4 is to 3 is to 1 the form closes its book on 31st March every year on 1st February 2018 wide-eyed and it was decided that the new part new profit sharing ratio between X and y will be equal partnership deed provide of its following on the death of the partner his share of goodwill will be calculated on the basis of half of the profit credited to his account during the previous for completed dear the prophet r 2013 214 150000 2013 14 to 15 100000 2015 to 16 15000 2016 to 17 100000 be his share of profit in the in the year of the death was to be computed on the basis of average profit of past 2 years per the journal entry related to Goodwill and profit transfer to the vice capital account

Posted by Ajay Yadav 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

when capital adjustment takes place in case of admission the old partners bringing in capital is debited to cash account or current account in case the question is silent?

Posted by Sejal Jain 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Kunal Paliwal 5 years, 10 months ago

Cash

0Thank You

Harsh Goenka 5 years, 10 months ago

Cash

2Thank You

ANSWER

How to find goodwill of new partner if goodwill of new partner and capital is not given in question but goodwill of firm is given

Posted by Gill Jasmeet 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Shivam Kashyap 5 years, 10 months ago

Goodwill of firm×share of new partner

0Thank You

ANSWER

What is the full form of account

Posted by Naresh Kumar 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Kunal Paliwal 5 years, 10 months ago

Always Consider Cheating On Unexpected Nasty Tests

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The liability of workmen's compensation fund was determined at Rs. 2,30,000 And in balance sheet we find its value Rs. 2,50,000 How to treat this situation

Posted by Amandeep Yadav 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Ayushi Chouhan 5 years, 10 months ago

250000 - 230000 = 20000 will be distributed between old partners in old ratio and in new balance sheet claim of Workmen's Compensation Fund of 230000 is in liabilities side.

0Thank You

Singh Rajput 5 years, 10 months ago

then the remaining balance i.e. 2,50,000 - 2,30,000 = 20,000 should be distributed between old partners in their old ratio.

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ANSWER

Ashok Bandana and print all partners in the firm on 1st April 2018 the balance in their capital account stood at 6 lakh or lac and 2 respectively the share profit in the ratio of tourist tourist one partner Centre to interest on capital at 6:00 % per annum salary to Ashok Rupees 6000 Terracotta commission of 14000 and M2 Vandana profit excluding interest on capital for include salary Dhanteras 130000 per annum on the natural profit include interest on capital goods to commission in green tea at 160000 per annum the amount of 400000 was shared among the partners profit prepare Profit and Loss appropriation account for here and 31st Mar 2019

Posted by Raj Kutty 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Abc ltd have an authorised capital of 10000000divided into shares of 10each issued 50000 shares at a premium of 3 per share payable as follows On aplication = 3per share On allotment = 5per share On first and the balance as and when require =3per share Aplication were received for 60000 shares and the directors alloted the shares as follows 1 aplicants for 40000 shares received in full 2 applicants for 15000 shares received an allotment of 8000 shares 3 applicants for 5000 shares received 2000 shares on allotment excess money being returned All amounts due on allotment were received The first call was made and the money was received except on 100shares

Posted by gour****@***** 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

When the firm is dissolved then the firm hadn't sufficient cash for paying the loan to the partner then how they pay off the loan

Posted by Rocky Mental 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Gautam Jaiswani 5 years, 10 months ago

By using partners capital because third party liability are paid off first.

0Thank You

Somesh Pandey 5 years, 10 months ago

I think by bank

0Thank You

ANSWER

D K Goel~ Issue of shares ~Illustration 50

Posted by Nehal Jeloka 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Sahil Sahil 4 years, 10 months ago

srijan Ltd issued 1000000 new capital divided into 100 shares at a premium of 20 per share payable as under on applications 10 per share on allotment 40 pershare including premium of 10 per share on first and final call balance

4Thank You

ANSWER

what to do with investment fluctuation reserve in admission of partner?

Posted by Abhisar Negi 5 years, 10 months ago

CBSE > Class 12 > Accountancy