Ask questions which are clear, concise and easy to understand.
Ask QuestionPosted by Shreya Datir 3 years ago
- 1 answers
Posted by Avni Pareek 3 years ago
- 1 answers
Preeti Dabral 3 years ago
PROFIT AND LOSS APPROPRIATION ACCOUNT
(for the year ended 31st March, 2015)
| Dr. | Cr. | ||||
| Particulars | ₹ | Particulars | ₹ | ||
| To General Reserve A/c (10% of 4,97,750) | 49,775 | By Profit & Loss A/c | 5,00,000 | ||
| To Interest on Capital: | Less: Interest on Loan | 2,250(5) | 4,97,750 | ||
| Shankar's Current A/c | 25,000(1) | By Interest on Drawings(3) | |||
| Manu's Current A/c (10% of 4,00,000) | 40,000 | 65,000 | Shankar's Current A/c | 1,800 | |
| To Profit transferred to: | Manu's Current A/c | 1,800 | 3,600 | ||
| Shankar's Current A/c | 2,31,945 | ||||
| Manu's Current A/c | 1,54,630 | 3,86,575 | |||
| 5,01,350 | 5,01,350 |
PARTNER'S FIXED CAPITAL ACCOUNTS
| Dr. | Cr. | ||||||
| Date | Particulars | Shankar ₹ |
Monu ₹ |
Date | Particulars | Shankar ₹ |
Manu ₹ |
| 2015 Mar. 31 | To Bal. c/d | 4,00,000 | 4,00,000 | 2014 Apr 1 | By bal. b/d | 2,00,000 | 4,00,000 |
| Jan. 1 | By Bank A/c | 2,00,000 | |||||
| 4,00,000 | 4,00,000 | 4,00,000 | 4,00,000 |
PARTNER'S CURRENT ACCOUNTS
| Dr. | Cr. | ||||
| Particulars | Shankar ₹ |
Manu ₹ |
Particulars | Shankar ₹ |
Manu ₹ |
| To Drawings(2) | 24,000 | 24,000 | By Balance b/d | 50,000 | 1,00,000 |
| To Interest on Drawings | 1,800 | 1,800 | By Interest on Capital | 25,000 | 40,000 |
| To Bal c/d | 2,81,145 | 2,68,830 | By Profit & Loss Appropriation A/c | 2,31,945 | 1,54,630 |
| 3,06,945 | 2,94,630 | 3,06,945 | 2,94,630 |
MANU'S LOAN ACCOUNT
| Dr. | Cr. | ||||
| Date | Particulars | ₹ | Date | Particulars | ₹ |
| 2015 Mar. 31 | To Balance c/d | 1,52,250 | 2015 Jan. 1 | By Bank A/c | 1,50,000 |
| Mar. 31 | By Interest on Loan A/c(5) | 2,250 | |||
| 1,52,250 | 1,52,250 |
Working Note:
- interest on Shankar's Capital ={tex}2,00,000\times\frac{10}{100}\times\frac{9}{12}+4,00,000\times\frac{10}{100}\times\frac{3}{12}{/tex} = 25,000
- Total Drawings = 6,000 {tex}\times{/tex} 4 = 24,000
- Interest on Drawings:
Since drawings are made at the beginning of each quarter, interest will be charged for 7.5 months: {tex}24,000 \times \frac{12}{100} \times \frac{7.5}{12}{/tex} = ₹1,800 - If Partnership deed is silent about Interest on Loan then Interest on Loan will be allowed @6% p.a.
- Interest on Loan = {tex}1,50,000 \times \frac{6}{100} \times \frac{3}{12}{/tex} = 2,250
Posted by Priyesh Arora 3 years ago
- 0 answers
Posted by Priyesh Arora 3 years ago
- 0 answers
Posted by Priyesh Arora 3 years ago
- 0 answers
Posted by Sidra Khan 3 years ago
- 1 answers
Vivek Fulara 3 years ago
Posted by Shivu Gayri 3 years ago
- 1 answers
Preeti Dabral 3 years ago
The autobiographical accounts included in the “Memories of Childhood” are by two women from socially marginalized sections in two distant cultures of the world. One highlights the evil practice of racial prejudice while the other talks about the hierarchical Indian caste system and untouchability. The first part traces how the author, a Native American, was victimized at the hands of the European staff of her boarding school. The second account gives a picture of the hardships and humiliations faced by the Indian ‘Dalits’ from the eyes of a third standard student.
Although they are set in different cultures, both stories share a similar theme. They show the sufferings and oppression faced by their respective communities. The practice of social stratification is rebuked by both authors. Zitkala-Sa’s hair was “shingled” at the behest of Europeans who considered themselves superior to the Native Americans. On the other hand, Bama witnessed untouchability being practised openly where people from ‘lower castes’ were considered impious and were not even allowed to touch the people from the upper castes. From a very young age, both Zitkala-Sa and Bama start protesting and resisting in their own ways.
Posted by Kashish Choudhary 3 years ago
- 2 answers
Preeti Dabral 3 years ago
शारीरिक शिक्षा की अवधारणा से अभिप्राय है, अच्छे स्वास्थ्य की कामना से शारीरिक श्रम को महत्त्व देना । शरीर को स्वस्थ और सबल रखने की चाह मानव मन में प्रारंभिक काल से ही रही है। प्रारंभ में हिंसक पशुओं से स्वयं की रक्षा के लिए मनुष्य ने अपनी शारीरिक शक्ति की आवश्यकता और महत्त्व को समझा।
Jasmine Sansanwal 2 years, 4 months ago
Posted by Manpreet Kaur 3 years ago
- 0 answers
Posted by Pratiksha Kaushik 3 years ago
- 1 answers
Shakti Sangeet 2 years, 11 months ago
Posted by Aman Singh 3 years ago
- 3 answers
Bharati Acharjee 3 years ago
Sanjana Yadav 3 years ago
Sanjana Yadav 3 years ago
Posted by Nandini Soni 3 years ago
- 1 answers
Preeti Dabral 3 years ago
The Gupta Empire was an ancient Indian empire which existed from the early 4th century CE to late 6th century CE. At its zenith, from approximately 319 to 467 CE, it covered much of the Indian subcontinent. This period is considered as the Golden Age of India by historians.
Posted by Nandini Soni 3 years ago
- 1 answers
Posted by Jashan Deep 3 years ago
- 0 answers
Posted by Rhythm Batra 3 years ago
- 0 answers
Posted by Kukku Soni 3 years ago
- 3 answers
Posted by Priya Darshani 3 years ago
- 5 answers
Ananya Singh 3 years ago
Posted by Sandeep Bairwa 3 years ago
- 2 answers
Preeti Dabral 3 years ago
AAHPER Youth Fitness Test is a battery of six test items designed to give a measure of physical fitness for boys and girls in grades 5-12. The tests were selected to evaluate specific aspects of physical status which taken together give an overall picture of fitness. Tests can be given in the gymnasium or outdoors.
Preeti Dabral 3 years ago
AAHPER Youth Fitness Test is a battery of six test items designed to give a measure of physical fitness for boys and girls in grades 5-12. The tests were selected to evaluate specific aspects of physical status which taken together give an overall picture of fitness. Tests can be given in the gymnasium or outdoors.
Posted by Pranjal Kumar 3 years ago
- 1 answers
Posted by Account Deleted 3 years ago
- 5 answers
Aseem Mahajan 3 years ago
Account Deleted 3 years ago
Aseem Mahajan 3 years ago
Posted by Harsimrat Kaur 3 years ago
- 5 answers
Posted by Vgoogle Yt 3 years ago
- 1 answers
Preeti Dabral 3 years ago
Print media is a type of mass media that creates and distributes (publishes) the content via printed means and publications. Electronic media is a type of mass media that creates and distributes content via the electronic medium and devices associated with them.
Posted by Mohamed Farhan 3 years ago
- 4 answers
Posted by Anandi Sigar 3 years ago
- 1 answers
Preeti Dabral 3 years ago
Dasara Dibba or the Mahanavami Dibba is a beautiful stone platform located within the Royal Enclosure of Hampi. It was built during the Vijayanagara period by King Krishnadevaraya to commemorate his victory over Udaygiri. It was here where the King of Vijayanagar used to celebrate the festival of Dasara (Dussehra).
Posted by Vishesh Agrawal 3 years ago
- 0 answers
Posted by Indal Kumar 3 years ago
- 1 answers
Preeti Dabral 3 years ago
Painting is the practice of applying paint, pigment, color or other medium to a solid surface. The medium is commonly applied to the base with a brush, but other implements, such as knives, sponges, and airbrushes, can be used. In art, the term painting describes both the act and the result of the action.
Posted by Om Shahi 3 years ago
- 2 answers
Preeti Dabral 3 years ago
In simple words, Tort is a Qvil/Legal Wrong. Tort Law is one of the important branches of Civil Law. The term 'Tort' means a wrongful act committed by a person, causing injury or damage to another, thereby the injured institutes (files) an action in Civil Court for a remedy viz., unliquidated damages or injunction or restitution of property or other available relief. Unliquidated damages means the amount of damages to be fixed or determined by the Court.
The person who commits or is guilty of a tort is called a "tortfeasor". (Gordon v. Lee, 133 Me. 361, 178 A. 353, 355). The person who suffered injury or damage by a tortfeasor is called injured or aggrieved.
Tort is a common law term and its equivalent in Civil Law is "Delict".
In general, the victim of a tortious act is the plaintiff in a tort case.
As a general rule, all persons have the capacity to.sue and be sued in a tort.
Tort Law provides an avenue for an injured person of a remedy. It does not provide a guarantee of recovery.
Sources of law: Tort law in India, like her common law counterparts, stems from both statute and common law.
Statutes: Similar to other common law countries aspects of tort law have been codified. Furthermore, the Indian Penal Code criminalizes certain areas of tort law.
Common law: As tort law is a relatively young area of law in India, apart from referring to local judicial precedents, courts have readily referred to case law from other common law jurisdictions, such as UK, Australia and Canada.
Relevant local customs and practices: However, attention is given to local socio-cultural practices and conditions in applying foreign legal principles. The legislature have also created statutes to provide for certain social conditions.
Posted by Gauri Sardana 3 years ago
- 1 answers
Preeti Dabral 3 years ago
Coordination is never established by itself but it is a deliberate effort. Only cooperation is not suffice but coordination is also needed. For example, a teacher aspires to teach effectively (this is cooperation) but the time-table is not prepared in the school (this is lack of coordination).
myCBSEguide
Trusted by 1 Crore+ Students
Test Generator
Create papers online. It's FREE.
CUET Mock Tests
75,000+ questions to practice only on myCBSEguide app
Preeti Dabral 3 years ago
Bruises are not clearly seen as upper skin remains undamaged and inner blood vessels are damaged and collect beneath the skin. A fresh bruise may actually be reddish and after a few hours it turns to blue or dark purple.
0Thank You