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Nageshwar and Balakot were specialized centres for making shell objects.
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Mr Thunder 3 months, 2 weeks ago

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1. Dinesh and Mahesh are partners sharing profits and losses in the ratio of 3 : 2. They admit Ramesh into partnership for 1/4th share in profits. Ramesh brings in his share of goodwill in cash. Goodwill for this purpose shall be calculated at two years’ purchase of the weighted average normal profit of past three years. Weights being assigned to each year 2017–1; 2018–2 and 2019–3. Profits of the last three years were: 2017—Profit ` 50,000 (including profits on sale of assets ` 5,000). 2018—Loss ` 20,000 (including loss by fire ` 35,000). 2019—Profit ` 70,000 (including insurance claim received ` 18,000 and interest on investments and dividend received ` 8,000). Calculate the value of goodwill. Also, calculate the goodwill brought in by Ramesh. [Ans.: Goodwill—` 69,000; Ramesh shall bring 1/4th of ` 69,000, i.e., ` 17,250 as Goodwill.] 2. Manbir and Nimrat are partners and they admit Anahat into partnership. It was agreed to value goodwill at three years’ purchase on Weighted Average Profit Method taking profits of last five years. Weights assigned to each year as 1, 2, 3, 4 and 5 respectively to profits for the year ended 31st March, 2015 to 2019. The profits for these years were: ` 70,000, ` 1,40,000, ` 1,00,000, ` 1,60,000 and ` 1,65,000 respectively. Scrutiny of books of account revealed following information: (i) There was an abnormal loss of ` 20,000 in the year ended 31st March, 2015. (ii) There was an abnormal gain (profit) of ` 30,000 in the year ended 31st March, 2016. (iii) Closing Stock as on 31st March, 2018 was overvalued by ` 10,000. Calculate the value of goodwill. [Ans.: Value of Goodwill—` 4,17,000.] 3. Mahesh and Suresh are partners and they admit Naresh into partnership. They agreed to value goodwill at three years’ purchase on Weighted Average Profit Method taking profits for the last five years. They assigned weights from 1 to 5 beginning from the earliest year and onwards. The profits for the last five years were as follows: Year Ended 31st March, 2015 31st March, 2016 31st March, 2017 31st March, 2018 31st March, 2019 Profits (`) 1,25,000 1,40,000 1,20,000 55,000 2,57,000 Scrutiny of books of account revealed the following: (i) A second-hand machine was purchased for ` 5,00,000 on 1st July, 2017 and ` 1,00,000 were spent to make it operational. ` 1,00,000 were wrongly debited to Repairs Account. Machinery is depreciated @ 20% p.a. on Written Down Value Method. (ii) Closing Stock as on 31st March, 2018 was undervalued by ` 50,000. (iii) Remuneration to partners was to be considered as charge against profit and remuneration of ` 20,000 p.a. for each partner was considered appropriate. Calculate the value of goodwill. [Ans.: Goodwill—` 3,75,000.] 4. Calculate the goodwill of a firm on the basis of three years’ purchase of the weighted average profit of the last four years. The appropriate weights to be used and profits are: Year 2015–16 2016–17 2017–18 2018–19 Profits (`) 1,01,000 1,24,000 1,00,000 1,40,000 Weights 1 2 3 4 On a scrutiny of the accounts, the following matters are revealed: (i) On 1st December, 2017, a major repair was made in respect of the plant incurring ` 30,000 which was charged to revenue. The said sum is agreed to be capitalised for goodwill calculation subject to adjustment of depreciation of 10% p.a. on Reducing Balance Method.
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Om Narayan 5 months, 1 week ago

F and G were partners in a firm sharing profits in the ratio of 3 : 2 : 1. After division of the profits for the year ended 31-3-2023 their capitals were: E ₹ 2,95,000; F ₹ 3,30,000; and G ₹ 3,35,000. During the year they withdrew ₹ 40,000 each. The profit of the year was ₹ 1,80,000. The partnership deed provided that interest on capital will be allowed @ 12% p.a. While preparing the final accounts, interest on partner’s capital was not allowed. You are required to calculate the capital of E, F and as on 1-4-2022 and pass the necessary adjustment entry for providing interest on capital. Show your workings clearly. [4] 16. P
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Shivam Kumar 5 months ago

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This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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Soni Ch. 5 months ago

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Madhu Tanwar 5 months ago

Reduces friction and allows moving machine part to slide smoothly past each other
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Mr Thunder 5 months ago

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

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Shreya Wafgaonkar 5 months, 2 weeks ago

**Report on School Book Fair**

**Date: June 8, 2024**

**Venue: [School Name], [Location]**

**Introduction:**
The recently organized book fair at [School Name] was an exceptional event that captivated the entire school community. This report aims to provide a detailed overview of the fair, highlighting its organization, activities, and impact.

**Organizational Setup:**
The book fair was meticulously organized by the school's literary club, under the guidance of the faculty members. It took place in the school auditorium, which was transformed into a vibrant space adorned with colorful banners, bookshelves, and comfortable seating arrangements.

**Participating Publishers and Authors:**
A diverse range of publishers and authors participated in the fair, offering an extensive collection of books catering to different genres and age groups. Notable authors, including local writers and renowned literary figures, graced the event with book signings and interactive sessions.

**Highlights of the Fair:**
1. **Book Exhibitions:**
The heart of the fair was the array of book exhibitions showcasing a wide variety of genres, including fiction, non-fiction, poetry, science fiction, and more. Students and teachers alike had the opportunity to explore and purchase books of their interest.

2. **Author Talks and Workshops:** Several engaging sessions were conducted by visiting authors, where they shared insights into their writing process, inspirations, and personal experiences. These talks sparked intellectual discussions and encouraged students to cultivate their passion for reading and writing.

3. **Book Reviews and Discussions:** A dedicated space was allocated for book reviews and discussions, where students could share their thoughts and recommendations on their favorite books. This interactive platform fostered a culture of critical thinking and literary appreciation among the attendees.

4. **Creative Corner:** A creative corner was set up for budding writers and artists to showcase their talents through poetry readings, storytelling sessions, and artwork displays. This initiative encouraged students to express themselves creatively and gain recognition for their artistic endeavors.

5. **Book Donations and Charity Drive:** In line with the spirit of giving back to the community, the fair also featured a book donation drive where students and parents could contribute books for underprivileged children. Additionally, proceeds from book sales were allocated towards supporting educational initiatives for marginalized communities.

**Conclusion:**
The school book fair was a resounding success, leaving a lasting impact on the school community. It served as a platform for fostering a love for literature, promoting cultural exchange, and nurturing creative expression among students. The collaborative efforts of the organizing committee, participating authors, publishers, and enthusiastic attendees contributed to making the event a memorable and enriching experience for everyone involved.

**Acknowledgments:**
We extend our heartfelt gratitude to all the individuals and organizations who contributed to the success of the book fair, including the school administration, faculty members, literary club members, authors, publishers, volunteers, and attendees. Your support and participation were instrumental in making this event a grand success.

  • 1 answers

Shreya Wafgaonkar 5 months, 2 weeks ago

**Report on School Book Fair**

**Date: June 8, 2024**

**Venue: [School Name], [Location]**

**Introduction:**
The recently organized book fair at [School Name] was an exceptional event that captivated the entire school community. This report aims to provide a detailed overview of the fair, highlighting its organization, activities, and impact.

**Organizational Setup:**
The book fair was meticulously organized by the school's literary club, under the guidance of the faculty members. It took place in the school auditorium, which was transformed into a vibrant space adorned with colorful banners, bookshelves, and comfortable seating arrangements.

**Participating Publishers and Authors:**
A diverse range of publishers and authors participated in the fair, offering an extensive collection of books catering to different genres and age groups. Notable authors, including local writers and renowned literary figures, graced the event with book signings and interactive sessions.

**Highlights of the Fair:**
1. **Book Exhibitions:** The heart of the fair was the array of book exhibitions showcasing a wide variety of genres, including fiction, non-fiction, poetry, science fiction, and more. Students and teachers alike had the opportunity to explore and purchase books of their interest.

2. **Author Talks and Workshops:** Several engaging sessions were conducted by visiting authors, where they shared insights into their writing process, inspirations, and personal experiences. These talks sparked intellectual discussions and encouraged students to cultivate their passion for reading and writing.

3. **Book Reviews and Discussions:** A dedicated space was allocated for book reviews and discussions, where students could share their thoughts and recommendations on their favorite books. This interactive platform fostered a culture of critical thinking and literary appreciation among the attendees.

4. **Creative Corner:** A creative corner was set up for budding writers and artists to showcase their talents through poetry readings, storytelling sessions, and artwork displays. This initiative encouraged students to express themselves creatively and gain recognition for their artistic endeavors.

5. **Book Donations and Charity Drive:** In line with the spirit of giving back to the community, the fair also featured a book donation drive where students and parents could contribute books for underprivileged children. Additionally, proceeds from book sales were allocated towards supporting educational initiatives for marginalized communities.

**Conclusion:**
The school book fair was a resounding success, leaving a lasting impact on the school community. It served as a platform for fostering a love for literature, promoting cultural exchange, and nurturing creative expression among students. The collaborative efforts of the organizing committee, participating authors, publishers, and enthusiastic attendees contributed to making the event a memorable and enriching experience for everyone involved.

**Acknowledgments:**
We extend our heartfelt gratitude to all the individuals and organizations who contributed to the success of the book fair, including the school administration, faculty members, literary club members, authors, publishers, volunteers, and attendees. Your support and participation were instrumental in making this event a grand success.

  • 1 answers

Shreya Wafgaonkar 5 months, 2 weeks ago

**Report on School Book Fair**

**Date: June 8, 2024**

**Venue: [School Name], [Location]**

**Introduction:**
The recently organized book fair at [School Name] was an exceptional event that captivated the entire school community. This report aims to provide a detailed overview of the fair, highlighting its organization, activities, and impact.

**Organizational Setup:**
The book fair was meticulously organized by the school's literary club, under the guidance of the faculty members. It took place in the school auditorium, which was transformed into a vibrant space adorned with colorful banners, bookshelves, and comfortable seating arrangements.

**Participating Publishers and Authors:**
A diverse range of publishers and authors participated in the fair, offering an extensive collection of books catering to different genres and age groups. Notable authors, including local writers and renowned literary figures, graced the event with book signings and interactive sessions.

**Highlights of the Fair:**
1. **Book Exhibitions:** The heart of the fair was the array of book exhibitions showcasing a wide variety of genres, including fiction, non-fiction, poetry, science fiction, and more. Students and teachers alike had the opportunity to explore and purchase books of their interest.

2. **Author Talks and Workshops:** Several engaging sessions were conducted by visiting authors, where they shared insights into their writing process, inspirations, and personal experiences. These talks sparked intellectual discussions and encouraged students to cultivate their passion for reading and writing.

3. **Book Reviews and Discussions:** A dedicated space was allocated for book reviews and discussions, where students could share their thoughts and recommendations on their favorite books. This interactive platform fostered a culture of critical thinking and literary appreciation among the attendees.

4. **Creative Corner:** A creative corner was set up for budding writers and artists to showcase their talents through poetry readings, storytelling sessions, and artwork displays. This initiative encouraged students to express themselves creatively and gain recognition for their artistic endeavors.

5. **Book Donations and Charity Drive:** In line with the spirit of giving back to the community, the fair also featured a book donation drive where students and parents could contribute books for underprivileged children. Additionally, proceeds from book sales were allocated towards supporting educational initiatives for marginalized communities.

**Conclusion:**
The school book fair was a resounding success, leaving a lasting impact on the school community. It served as a platform for fostering a love for literature, promoting cultural exchange, and nurturing creative expression among students. The collaborative efforts of the organizing committee, participating authors, publishers, and enthusiastic attendees contributed to making the event a memorable and enriching experience for everyone involved.

**Acknowledgments:**
We extend our heartfelt gratitude to all the individuals and organizations who contributed to the success of the book fair, including the school administration, faculty members, literary club members, authors, publishers, volunteers, and attendees. Your support and participation were instrumental in making this event a grand success.

  • 1 answers

Certainly! Here's the text without any formatting:

To calculate the Net Domestic Product at Factor Cost (NDP at FC) using the expenditure method, we need to sum up all the expenditures on final goods and services produced within the domestic territory.

NDP at FC = Gross Fixed Capital Formation (GFCF) + Private Final Consumption Expenditure (PFCE) + Government Final Consumption Expenditure (GFCE) + Net Exports (Exports - Imports) + Change in Stock

Given:

(i) Gross Fixed Capital Formation (GFCF) = ₹130 crores

(ii) Private Final Consumption Expenditure (PFCE) = ₹510 crores

(iii) Government Final Consumption Expenditure (GFCE) = ₹70 crores

(v) Exports = ₹50 crores

(vi) Imports = ₹60 crores

(xiii) Change in Stock = ₹30 crores

NDP at FC = 130 + 510 + 70 + (50 - 60) + 30

NDP at FC = 130 + 510 + 70 - 10 + 30

NDP at FC = ₹730 crores

To calculate the Gross Domestic Product at Market Prices (GDP at MP) using the income method, we sum up all the incomes earned by factors of production in the production process.

GDP at MP = Compensation of Employees + Mixed Income of the Self Employed + Rent, Interest, and Profit + Indirect Taxes - Subsidies + Net Factor Income from Rest of the World (NFIA)

Given:

(vii) Compensation of Employees = ₹240 crores

(iii) Mixed Income of the Self Employed = ₹280 crores

(xii) Rent, Interest, and Profit = ₹90 crores

(x) Indirect Tax = ₹90 crores

(xi) Subsidies = ₹10 crores

(iv) Net Factor Income from Rest of the World (NFIA) = -₹5 crores

GDP at MP = 240 + 280 + 90 + 90 - 10 - 5

GDP at MP = ₹695 crores

So, the NDP at FC is ₹730 crores and the GDP at MP is ₹695 crores.

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