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A,B and C are partners sharing profit and loss account in the ratio of 4:3:2. On 1st April 2018 they decided to share profit and loss equally. On that date books of accounts show ₹ 1,80,000 in general reserve, ₹ 60000 in workman compensation fund and credit balance of ₹ 45,000 in profit and loss account. Pass journal entries for the above trading that the above may be transferred to partners capital

Posted by Rinki Gupta 1 year, 3 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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साझेदार का फर्म का विध्टन

Posted by Chetan Dhiwar 2 years, 1 month ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

X and y share profit in the ratio

Posted by Ishika Singh 2 years, 1 month ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

class 12 numerical question

Posted by Anil Kashyap 2 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

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ANSWER

Amit Sumit and Namitha partner sharing profit in the ratio of 3 ratio 2 ratio 1 on 1st April 2018 the decided to share our profit and loss equally on that they there was a credit balance of 220000 in their profit and loss account and balance of Rs 60000 in general reserve record the necessary journal entry in the books on the firms the partner decided to distribute the profit and a general reserve before bringing the new profit sharing ratio into force

Posted by Tripti Sahu 2 years, 3 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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Y limited issued 15000 12%. preference Share @@ Rs. 10/- each. Tu amount have been received in clump-sum Pass Journal entend.

Posted by Pushkar Ganjeer 2 years, 8 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

Accounting for debentures: issue

Posted by Prem Kol 3 years ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

Kunal and Saurabh are equal partners On 1st Jan 2017 their capitals were 20,000 and 16,000 respectively. Interest on capital is to be allowed 10% pa from profit prior to division thereof, the net profit for the year ending 31st Dec. 2017 before allowing interest on capital amounted to 9,800. Pass Journal entries and prepare Profit and Loss Appro priation Account.

Posted by Harsha Chandravanshi 3 years, 1 month ago

Chhattisgarh Board > Class 12 > Accountancy

1 answers

Shristi Namdeo 2 years, 3 months ago

Solve

3Thank You

ANSWER

Surya Tulsi Bhushan aur partner sharing profit and loss in the ratio of 6 is 25 is 23 their balance sheet on 31st December 2004

Posted by Kashish Bais 3 years, 1 month ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

Amit Sumit and Namit are partners sharing profit in the ratio of 3 is to 2 is to 1 on 1st April 2018 they decided to share our profit and loss equally on that date there was a credit balance of 120000 in their profit and loss account and balance of 60010 general reserve record the necessary general entry in the book of the form the partner decided to distribute the profit and the general reserve before bringing in new profit sharing ratio into force

Posted by Kashish Bais 3 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

What is subscription?

Posted by Mandeep Bhullar Bhullar 3 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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Give any two features of non profit organisation.

Posted by Mandeep Bhullar Bhullar 3 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

What is non profit organisation?

Posted by Mandeep Bhullar Bhullar 3 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

K ,l and z are partners sharing profit in the ratio of 4:3:2 respectively l retired and surrender 1/9 of his share profit to k remaining in favour of Z . Calculate new profit sharing ratio and gaining ratio of K, Z

Posted by Aakriti Rajbhar 3 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

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Jyoti and meeta are partner in a firm sharing profit and losses equally their fixed capital were Jyoti 80000 and meeta 60000 for the year 2001 interest on capital was credited 5% instead 6% give the necessary adjusting entry for rectification of the error

Posted by Kashish Bais 2 years ago

Chhattisgarh Board > Class 12 > Accountancy

1 answers

Mandeep Bhullar Bhullar 2 years, 2 months ago

15Thank You

ANSWER

Kunal and saurabh are equal partners on 1 Jan 2017they capitals where 20000 and 16000 respectively interest on capital is to be allowed 10% per annum from profit prior to division their of the net profit for the year ending 31st December 2017 before allowing interest on capital amated to 9800 and prepare profit and loss appropriation account

Posted by Moli Gupta 3 years, 2 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

A firm and profit of 8 rupees 80000, 100000, 120000 and 160000 during the past 4 year calculate Goodwill of the firm based on three year purchase on the base of average profit of the last four year

Posted by Kashish Bais 3 years, 3 months ago

Chhattisgarh Board > Class 12 > Accountancy

1 answers

Kashish Bais 3 years, 3 months ago

345000

0Thank You

ANSWER

Goodwill of the firm be valued at Rs 150000

Posted by Mayank Raj Tandan 3 years, 3 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

Kunal and saurabh are equal partners. On 1st Jan. 2017 their capitals were rs 20,000 and rs 16,000 respectively. Interest on capital is to be allowed 10% per annum from profit prior to division thereof, the net profit for the year ending 31st Dec. 2017 before allowing interest on capital amounted to rs 9,800. Pass the journal entries and prepare Profit amd loss appropriation account

Posted by Indrajit Kaur 3 years, 3 months ago

Chhattisgarh Board > Class 12 > Accountancy

1 answers

Kashish Bais 3 years, 3 months ago

Ans

12Thank You

ANSWER

Krishna Arjun and Bhim are partners in a firm . The balance of their capital account are * 5,000 ; 10,000 and 15,000 respectively . At the time of preparation of final account it was found that 5 % interest on partners capital was to be allowed and Krishna was entitled to get * 4,500 as salary . But without making provision for interest and salary , profit and loss was divided among the partners . Make adjustment entries to rectify above errors when the profit of the firm was 6,000 .

Posted by Tushal Singh 3 years, 3 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

Anand, basant and hemant formed a partnership on 1st january 2004 by contributing 40,000 24,000 8,000 respectively as capital. After 1 month hemant invested capital of 4,000. Anand is entitled a salary of 1, 600 per year. which is payable 1000 from the profit of Basant and 600 from the profit of hemant. After charging interest on capital the profit of the firm is to be devided as under First 8,000 is the ratio of 5:2:1 Next as 18,000 is the ratio of 8:6:4 Balance is the ratio of 1:1:1 The profit of the firm in 2004 before charging interest on capital was 63,000. Prepare profit and loss adjustment account and statement of distribution of profit and loss account.

Posted by Yash Yadav 3 years, 4 months ago

Chhattisgarh Board > Class 12 > Accountancy

0 answers

ANSWER

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