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Ts grewal part 1 scanner sol

Posted by Vandana Gupta 5 years, 10 months ago

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P,q,r were sharing profit in the ratio 2:3:5.from 1 april 2019 they decided to share profit in the ratio 5:3:2.on that data,advertisment suspense A/C of 55000,appeared in the assets side of the balance sheet give the necessary journal entery

Posted by Sayan Ghosh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Khushi Gupta 5 years, 10 months ago

P's capital a/c dr. 16500 To R's capital a/c 16500 (Being advertisement suspense adjusted)

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Shivam Talwar 5 years, 10 months ago

Its simple First calculate sacrificing ratio ie old ratio-new ratio of each partner. If it is positive it means the partner is sacrificing and if its negative it means the partner is gaining. Multiply the share with the advertisement suspense account balance And pass the journal entry as: Gaining partner's capital A/c. Dr To sacrificing partner's capital A/c

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A non-profit organization received Rs.10,000 as the entrance fee of a new member. If 20% of the fee has to be capitalized, what is the amount of fee needs to be shown in the income and expenditure account?

Posted by Radha Yadav 5 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Khushi Gupta 5 years, 10 months ago

Cr. To I/E a/c by 8000

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Vivek Kumar Pandey 5 years, 10 months ago

Income and expenditure account should be shown by 8000

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M. Praga Thesh 5 years, 10 months ago

8000

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In NPO HOW WE WILL TREAT .STATIONERY EQUIPMENT

Posted by Jitender Negi 5 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Jitender Negi 5 years, 10 months ago

I couldn't understand well

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Vivek Kumar Pandey 5 years, 10 months ago

capital

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Nikunj Goel 5 years, 10 months ago

WITH ADJUSTMENT Make creditor for stat. and stationary a/c and find value of consumption WITHOUT ADJUSTMENT Debit side of income and exp. A/C

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Ncert share capital question no.18 solution

Posted by Asmi Jain 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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What is meant by gaining ratio

Posted by Mahir Kabad 5 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Lovely Dhawan 5 years, 10 months ago

Gaining ratio is that ratio in which the old partners gained the share of retiring partner

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Vivek Kumar Pandey 5 years, 10 months ago

Gearing ratio refers to the ratio that is gained by the the remaining partners after going another partner of the company aur of the partnership company in the case of retiring and death of partner remaining part II 10th after going the partner

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Lovekush Mittal 5 years, 10 months ago

In a partnership when an old partner leave the partnership then its share is divided into other old partners which is gaining ratio Formula new ratio - old ratio

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Important Concepts of redemption of debentures?? And one numerical questions

Posted by Anju Rajak 5 years, 10 months ago

CBSE > Class 12 > Accountancy

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Jain Ltd. Invited applicants for issuing 1,12000 equity shares of Rs 10 each at par The amount per share was payable as follows : On application - Rs 1 On allotment - Rs 2 On first call - Rs 3 On second and final call- Rs 4 Application for 1,00,000 shares were received. Shares were fully allotted to all the applicants. Ramesh failed to pay his allotments money which was Rs 200. His shares were forfeited immediately. Suresh did not pay the first call on 500 shares applied by him. His shares were forfeited after the first call. The forfeited shares of Ramesh and Suresh were re-issued at Rs 9 per share fully paid up. Afterwards the second and final call was made and was duly received Pass necessary journal entries for the above transaction in the books of Jain Ltd

Posted by Anju Rajak 1 year, 1 month ago

CBSE > Class 12 > Accountancy

1 answers

Jitender Negi 5 years, 10 months ago

Bhai capital reserve kitna haii

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X Ltd . issued 20000, 7%prefrence share of ₹100 each at a primium of 6%. Payment were to be made as - ₹25 on application ; ₹46 on allotment , ₹10 on first call and ₹25 on final call. The applications for 18000 share were received and all were accepted .All the money was duly received except the first and final call on 100 shares. Give the necessary journal entries and prepare cash book of the company. Also show the share capital in the balance sheet of the company.

Posted by Krishna Mohan Srivastava 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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How to plot bar graph If it is in point eg 12.6,3.12

Posted by Amritha S . Nair 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

Calculate the new partner capital on the basis of old partner capital

Posted by Harsh Harsh 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Nikunj Goel 5 years, 10 months ago

Total capital of the firm=total actual capital of old partners × (1/1- share of new partner)

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Rent includes 4000 paid for march 2017 rent for march 2018 us outstanding how to do adjust in income and expenditure account

Posted by Harshit Goel 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Alisha Wadhwa 5 years, 10 months ago

Add the outstanding rent of march 2018 (current year) and deduct 4,000 rent of march 2017(previous year) in income and expenditure account.

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calculate the value of goodwill by super profit method, when goodwill is to be valued at 2.5 years' purchase of the average profits of the last 5 years. Profits of previous five years are given below 2019-60,000, 2018 - 40,000, 2017 - ? 1,10,000, 2016 - 40,000, 2015 - 30,000 Capital investment of the firm is 1,00,000 and having rate of return is 20%.

Posted by . , 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Ayushi Chouhan 5 years, 10 months ago

Normal profit = 100000 ×20/100 =20000 Super profit = average profit - normal profit =280000 - 20000 =260000 Goodwill = super profit × number of year purchase = 260000 × 2.5 = 650000

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Briefly explain with examples of nominal personal and real accounts

Posted by Singh Rajput 5 years, 10 months ago

CBSE > Class 12 > Accountancy

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M. N. G are partners ratios 5:3:2 ABD'S retirement

Posted by Sanaya Sana 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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ABD'S retirement of a partner 4.5 illustration 34

Posted by Sanaya Sana 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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When profit and suspence account made

Posted by Dheerendra Pratap Rawat 5 years, 10 months ago

CBSE > Class 12 > Accountancy

1 answers

Singh Rajput 5 years, 10 months ago

to distribute the profit of deceased partner in between the accounting year.

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What are expected theory concepts ?

Posted by Jennifer L 5 years, 10 months ago

CBSE > Class 12 > Accountancy

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A and B were partner in a firm sharing profit and losses equally . C is admitted with 1/4 share in profit of the firm . He brings in ₹ 250000 as his share in capital . The value of Total assets of a firm is 19,40,000 and outside liability are valued at ₹ 1300,000 on that date . The amount of goodwill to be brought in by C is

Posted by Jatin Kumar 5 years, 10 months ago

CBSE > Class 12 > Accountancy

4 answers

Ayushi Chouhan 5 years, 10 months ago

Total partner = total assets - outside liabilities =1940000 - 1300000 = 640000 C = 250000 × 4/1 = 1000000 Hidden goodwill = total capital of new partner - total capital of all partners = 1000000 - 640000 = 360000 C's goodwill = 360000 × 1/4 =90000

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Aarti Sharma 5 years, 10 months ago

C bring 90000 for his share of goodwill

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Your Father 5 years, 10 months ago

i think 10lakh as we will do 250000*4/1

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Aniket Jha 5 years, 10 months ago

160000

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A limited redeemed 8,000 12% debenture of rupees 100 each which were issued at a discount of 5% by converting them into equity share of rupees 10 each at par. Pass journal entries.

Posted by Geetam Kabra 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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saregama ltd invited application for 80000 shares

Posted by Madhu Garg 5 years, 10 months ago

CBSE > Class 12 > Accountancy

2 answers

Mahak Chauhan 5 years, 10 months ago

Bank A/C dr.80000 To equity share application A/C

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Akash Arora 5 years, 10 months ago

Bank A/C - dr 80000 To share application A/C 80000

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X and Y are partner in a firm. X is entitled to a salary of 500p.m.together with the commission of 10%

Posted by Lucky Chaudhary 5 years, 10 months ago

CBSE > Class 12 > Accountancy

0 answers

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What is income and expenditure account ?

Posted by Yashvendra Singh Yadav 5 years, 10 months ago

CBSE > Class 12 > Accountancy

3 answers

Mahak Chauhan 5 years, 10 months ago

It is a nominal account

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Yogita Ingle 5 years, 10 months ago

The income and expenditure account is outlined by the non-trading entities to determine surfeit or deficit of income over expenditures for a particular time frame. The accumulated or accrual concept of accounting is rigidly pursued while outlining income and expenditure a/c of non-trading concerns. It is outlined as a portion of final accounts of non-trading entities and is equal to the profit and loss account outlined by for profit business entities.

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Tanmay Gupta 5 years, 10 months ago

It is a nominal account, just like pnl ac

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When partner is unable to brIng any cash of goodwill

Posted by Aayushika Agarwal 5 years, 10 months ago

CBSE > Class 12 > Accountancy