10977 + Interview Questions in Secondary School in Accountancy Page 13 InterviewSolution

601.	Goods returned by brij of 5,000
Answer» Answer: please POST QUESTIONS correctly..or do ATTACHMENTS..... EXPLANATION: please mark me as brainliest and please follow up too...

601.

Goods returned by brij of 5,000

Answer»

Answer:

please POST QUESTIONS correctly..or do ATTACHMENTS.....

EXPLANATION:

please mark me as brainliest and please follow up too...

Discussion

602.	Is the building of my shop an asset or good
Answer» ANSWER: IT would be GOOD ALWAYS think positive please mark the friendliest and thank

602.

Is the building of my shop an asset or good

Answer»

ANSWER:

IT would be GOOD ALWAYS think positive

please mark the friendliest and thank

Discussion

603.	Is the building with the builder an asset or a good??
Answer» an ASSET HOPE it HELPS....

603.

Is the building with the builder an asset or a good??

Answer»

an ASSET

HOPE it HELPS....

Discussion

604.	Payment to creditors in full settlement means?
Answer» Answer: Payment to creditors in full settelment means the amount payable to the creditors is now paid. for example, let mr. x is our creditor and we have to pay ₹6,500 to mr. x. but we paid ₹6,000 and no more amount is to be paid in future(full settelment) so in this case ₹500 is the discount allowed to us by mr. x (creditor) Journal entry creditors a/c dr. to cash or bank a/c to discount recieved a/c according to the example given journal entry will be mr. x's a/c dr. 6500 to cash a/c. 6000 to discount received a/c 500 i hope it will help you.

604.

Payment to creditors in full settlement means?

Answer»

Answer:

Payment to creditors in full settelment means the amount payable to the creditors is now paid.

for example,

let mr. x is our creditor and we have to pay ₹6,500 to mr. x. but we paid ₹6,000 and no more amount is to be paid in future(full settelment) so in this case ₹500 is the discount allowed to us by mr. x (creditor)

Journal entry

creditors a/c dr.

to cash or bank a/c

to discount recieved a/c

according to the example given journal entry will be

mr. x's a/c dr. 6500

to cash a/c. 6000

to discount received a/c 500

i hope it will help you.

Discussion

605.	Over-subscription of Shares15. CMC Ltd. invited application for issuing 1,00,000 equity shares of 10 each at a premiumof 3 per share. The whole amount was payable on application. The issue was over-sthscribed by 30,000 shares and allotment was made on pro-rata basis. Pass Journal entries
Answer» Answer: 1)Bank dr. 1690000 To EQUITY SHARE APPLICATION. 1690000 2)Equity share application. Dr. 1690000 To equity share capital. 1000000 To securities PREMIUM. 300000 To bank. 390000

605.

Over-subscription of Shares15. CMC Ltd. invited application for issuing 1,00,000 equity shares of 10 each at a premiumof 3 per share. The whole amount was payable on application. The issue was over-sthscribed by 30,000 shares and allotment was made on pro-rata basis. Pass Journal entries

Answer»

Answer:

1)Bank dr. 1690000

To EQUITY SHARE APPLICATION. 1690000

2)Equity share application. Dr. 1690000

To equity share capital. 1000000

To securities PREMIUM. 300000

To bank. 390000

Discussion

606.	Calculate the value of GoodWill at two years. Purchase of the average normalprofit of the past three years ended 31stMarch were2018 Profit 360,000 (including assetsprofit on the sale of assetsof ₹150002019 Loss ₹40,000 (includingLoss by fire ₹500002020 - Profit of ₹85000 (includinginsurance claim Reward24,000 and interest on investmentand Dividend receive 17000)
Answer» Explanation: 3684s5487477477 558855

606.

Calculate the value of GoodWill at two years. Purchase of the average normalprofit of the past three years ended 31stMarch were2018 Profit 360,000 (including assetsprofit on the sale of assetsof ₹150002019 Loss ₹40,000 (includingLoss by fire ₹500002020 - Profit of ₹85000 (includinginsurance claim Reward24,000 and interest on investmentand Dividend receive 17000)

Answer»

Explanation:

3684s5487477477

558855

Discussion

607.	Find gross profit: opening stock 15,000 cash sales 25,000 credit sales 4,75,000 sales return 20,000 power and fuel 3,000 carriage 2,000 royalty on sales 8,000 net purchases 4,00,000 closing stock 15,000
Answer» ANSWER: please PROVIDE % for CALCULATING GROSS profit. . . . . . . THANK you

607.

Find gross profit: opening stock 15,000 cash sales 25,000 credit sales 4,75,000 sales return 20,000 power and fuel 3,000 carriage 2,000 royalty on sales 8,000 net purchases 4,00,000 closing stock 15,000

Answer»

ANSWER:

please PROVIDE % for CALCULATING GROSS profit.

.

THANK you

Discussion

608.	if the normal profit is rupees 72500 and rate of return is 15%. state the value of goodwill on the basis of capitalising the super profit.
Answer» ANSWER: GUYS EXPLANATION: *Please* *mark me* *as brainlist*

608.

if the normal profit is rupees 72500 and rate of return is 15%. state the value of goodwill on the basis of capitalising the super profit.

Answer»

ANSWER:

GUYS

EXPLANATION:

Please mark me as brainlist

Discussion

609.	Cheque recieved from ram endorsed to vijay cash book entry
Answer» ANSWER bank a/c Dr To ram a/c And ONE more ENTRY Vijay a/c Dr To bank a/c EXPLANATION:

609.

Cheque recieved from ram endorsed to vijay cash book entry

Answer»

ANSWER bank a/c Dr

To ram a/c

And ONE more ENTRY

Vijay a/c Dr

To bank a/c

EXPLANATION:

Discussion

610.	Persons who form the partnership firm.
Answer» Explanation: Partnership is an association of two or more PERSONS to carry on a business in the capacity of co-owners. Each such person is called a partner. All the partners share the PROFITS and losses in proportion of their RESPECTIVE OWNERSHIP, or as agreed between them.

610.

Persons who form the partnership firm.

Answer»

Explanation:

Partnership is an association of two or more PERSONS to carry on a business in the capacity of co-owners. Each such person is called a partner. All the partners share the PROFITS and losses in proportion of their RESPECTIVE OWNERSHIP, or as agreed between them.

Discussion

611.	aman Rahul cheatan were partners in a firm sharing profit in the ratio 3:2:1 their balance sheet as at 31-3-2018 was as follows creditors 100000 ,bills payable 40000,general reserves 60000,capital. aman 200000,rahul 100000,cheatan 100000. assets. land 100000,building 100000,plant 200000,stock 80000,debtors 60000,bank 60000. they decided to share profit equally from 1st April 2018 this was agreed that 1.goodwill of the firm valued at 300000 ,2.land be revalued at 120000,and building be depreciated by 6 percent , 3.creditors of 12000 were not likely to be claimed and hence be written off
Answer» Answer: 2000 EQUALLY PROFIT SHARE

611.

aman Rahul cheatan were partners in a firm sharing profit in the ratio 3:2:1 their balance sheet as at 31-3-2018 was as follows creditors 100000 ,bills payable 40000,general reserves 60000,capital. aman 200000,rahul 100000,cheatan 100000. assets. land 100000,building 100000,plant 200000,stock 80000,debtors 60000,bank 60000. they decided to share profit equally from 1st April 2018 this was agreed that 1.goodwill of the firm valued at 300000 ,2.land be revalued at 120000,and building be depreciated by 6 percent , 3.creditors of 12000 were not likely to be claimed and hence be written off

Answer»

Answer:

2000 EQUALLY PROFIT SHARE

Discussion

612.	Pass the necessary journal entries at the time of revolution : 1.stock to be reduced by 2000 2. There was an outstanding bill of 2300 which will be recorded in the book 3 investment of rs 7000 not show in the balance sheet will be taken into account
Answer» ANSWER: Following are the journal entries of the above transactions- 1. Revaluation a/c dr. 2,000 to stock a/c. 2,000 (being value of stock decreases) 2. Revaluation a/c. dr. 2,300 to outstanding bill a/c 2,300 (being unrecorded liability now recorded) 3. Investment a/c dr. 70,000 to revaluation a/c 70,000 (being unrecorded asset now recorded) 4. Revaluation a/c dr. 65,700 to old partner's capital a/c 65,700 (being profit on revaluation distributed among old partners in old ratio) Explanation - 1. here stock is reduced by 2000rs. when revalued. therefore, it is a loss for the firm, hence recorded in the dr. side of revaluation a/c. 2. there is an unrecorded liability hence it is a loss for the firm and the liability is increasing so it is debited to revaluation a/c. 3. there is an investment of ₹70,000 which is to be recorded. so we treat it as an unrecorded asset. therefore the amount of asset is increasing, hence it will be credited to revaluation a/c as it is a gain for the firm. hope it will help you.

612.

Pass the necessary journal entries at the time of revolution : 1.stock to be reduced by 2000 2. There was an outstanding bill of 2300 which will be recorded in the book 3 investment of rs 7000 not show in the balance sheet will be taken into account

Answer»

ANSWER:

Following are the journal entries of the above transactions-

1. Revaluation a/c dr. 2,000

to stock a/c. 2,000

(being value of stock decreases)

2. Revaluation a/c. dr. 2,300

to outstanding bill a/c 2,300

(being unrecorded liability now recorded)

3. Investment a/c dr. 70,000

to revaluation a/c 70,000

(being unrecorded asset now recorded)

4. Revaluation a/c dr. 65,700

to old partner's capital a/c 65,700

(being profit on revaluation distributed among old partners in old ratio)

Explanation -

1. here stock is reduced by 2000rs. when revalued. therefore, it is a loss for the firm, hence recorded in the dr. side of revaluation a/c.

2. there is an unrecorded liability hence it is a loss for the firm and the liability is increasing so it is debited to revaluation a/c.

3. there is an investment of ₹70,000 which is to be recorded. so we treat it as an unrecorded asset. therefore the amount of asset is increasing, hence it will be credited to revaluation a/c as it is a gain for the firm.

hope it will help you.

Discussion

613.	In which kind of business goodwill does not exist
Answer» ANSWER: GOODWILL is an intangible asset that is associated with the purchase of one COMPANY by another. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process. Hope it HELPS u... *Pls* *mark* it as BRAINLIEST

613.

In which kind of business goodwill does not exist

Answer»

ANSWER:

GOODWILL is an intangible asset that is associated with the purchase of one COMPANY by another. Specifically, goodwill is the portion of the purchase price that is higher than the sum of the net fair value of all of the assets purchased in the acquisition and the liabilities assumed in the process.

Hope it HELPS u...

Pls mark it as BRAINLIEST

Discussion

614.	Co issued 1000 shares of 10 each.App 4Allotment 51 call 1400 shares didn't pay allotment n call.Give journal entries
Answer» ANSWER: PLEASE MENTION the QUESTION

614.

Co issued 1000 shares of 10 each.App 4Allotment 51 call 1400 shares didn't pay allotment n call.Give journal entries

Answer»

ANSWER:

PLEASE MENTION the QUESTION

Discussion

615.	Write about balance sheet?
Answer» Answer: BALANCE sheet shows what a COMPANY owns (assets), what it owes (liabilities), and how much OWNERS and shareholders have INVESTED (equity). A balance sheet always has to balance—hence the name. Assets are on one side of the equation, and liabilities PLUS owner's equity is on the other side.

615.

Write about balance sheet?

Answer»

Answer:

BALANCE sheet shows what a COMPANY owns (assets), what it owes (liabilities), and how much OWNERS and shareholders have INVESTED (equity). A balance sheet always has to balance—hence the name. Assets are on one side of the equation, and liabilities PLUS owner's equity is on the other side.

Discussion

616.	वर बालीककावी सफलता को वही पापअतिश्पषगता का पनिबताएकि किस भारत में सभीभी जालगत असमानताएं हैं।सामाजिक विमान सचिवाशता जन्मपर आच्यारिता होता
Answer» ANSWER: I can't UNDERSTAND that what is your QUESTION

616.

वर बालीककावी सफलता को वही पापअतिश्पषगता का पनिबताएकि किस भारत में सभीभी जालगत असमानताएं हैं।सामाजिक विमान सचिवाशता जन्मपर आच्यारिता होता

Answer»

ANSWER:

I can't UNDERSTAND that what is your QUESTION

Discussion

617.	Sold goods to surjeet for Rs.28000 including CGST and SGST @6% each
Answer» EXPLANATION: Sold goods for cash,including cgst and SGST @ 6% each for 4,48,000. Show JOURNAL entry. Answer: In the books of Journal entry particulars amount amount Bank A/C -Dr. 448000 To Sales A/C 394240 To Output CGST 26880 To O/P SGST 26880 ( Being goods sold for cash with 6% cgst and sgst each ) workings:- 6% on both cgst sgst seperately and on original price Cgst: 4480006% = 26880 Sgst:4480006% = 26880 53760 Then ( 448000-53760 ) = 394240

617.

Sold goods to surjeet for Rs.28000 including CGST and SGST @6% each

Answer»

EXPLANATION:

Sold goods for cash,including cgst and SGST @ 6% each for 4,48,000. Show JOURNAL entry.

Answer:

In the books of Journal entry

particulars amount amount

Bank A/C -Dr. 448000

To Sales A/C 394240

To Output CGST 26880

To O/P SGST 26880

( Being goods sold for cash with 6% cgst and sgst each )

workings:-

6% on both cgst sgst seperately and on original price

Cgst: 448000*6% = 26880

Sgst:448000*6% = 26880

53760

Then ( 448000-53760 ) = 394240

Discussion

618.	And 36,400 by taking a loan from the bank). 27100) q.15. balance sheet of p. qand r who were sharing
Answer» ANSWER: It looks like there aren't any GREAT matches for your QUESTION Tip Try using words that MIGHT appear on the page that you’re looking for. For example, 'cake recipes' instead of 'how to make a cake'. Need help? Take a look at other tips for SEARCHING on Google.

618.

And 36,400 by taking a loan from the bank). 27100) q.15. balance sheet of p. qand r who were sharing

Answer»

ANSWER:

It looks like there aren't any GREAT matches for your QUESTION

Tip Try using words that MIGHT appear on the page that you’re looking for. For example, 'cake recipes' instead of 'how to make a cake'.

Need help? Take a look at other tips for SEARCHING on Google.

Discussion

619.	How many years will it take to complete Satrayaga
Answer» ANSWER: HOPE it HELPS you.......

619.

How many years will it take to complete Satrayaga

Answer»

ANSWER:

HOPE it HELPS you.......

Discussion

620.	Business in purtrosinthe followingHow a Sam and Josephine carried onSharing profits and lossesthe ratioof 29. Fuspehely hey admitted Johor on 1.* April, 1999for 247 share. The actoul value of good will, howeverthat date was 721,000. John Contributedasets towards payment of he lepital and good will.Cash,000Sundry debtors5,000Stock6,000Goodwill5,000toto thepass huessaryeffetgiveabove. Also theMatioprofit sharingthe purtonsharing profitsand lossesJournal entriesthers.newalePartners
Answer» ANSWER: L can't UNDERSTAND your QUESTIONS

620.

Business in purtrosinthe followingHow a Sam and Josephine carried onSharing profits and lossesthe ratioof 29. Fuspehely hey admitted Johor on 1.* April, 1999for 247 share. The actoul value of good will, howeverthat date was 721,000. John Contributedasets towards payment of he lepital and good will.Cash,000Sundry debtors5,000Stock6,000Goodwill5,000toto thepass huessaryeffetgiveabove. Also theMatioprofit sharingthe purtonsharing profitsand lossesJournal entriesthers.newalePartners

Answer»

ANSWER:

L can't UNDERSTAND your QUESTIONS

Discussion

621.	5.3.22) The new probit sharing shall beenty, prepareCapital Aleat contness and the balance shoot of the new kermbast nesserary
Answer» Answer: ghseyyjshhs are haa useless la aahe ka aata pasun 6th place in GEOGRAPHY of the day..Happy and your new year sonu SAYS she is the best in Geography and your DAUGHTER will be happy birthday to the FAMILY function madhe is good with your life and your hdyuheysye will be able and will.

621.

5.3.22) The new probit sharing shall beenty, prepareCapital Aleat contness and the balance shoot of the new kermbast nesserary

Answer»

Answer:

ghseyyjshhs are haa useless la aahe ka aata pasun 6th place in GEOGRAPHY of the day..Happy and your new year sonu SAYS she is the best in Geography and your DAUGHTER will be happy birthday to the FAMILY function madhe is good with your life and your hdyuheysye will be able and will.

Discussion

622.	Enter the following transactions in the Journal: 2018 Jan. 1 Started business with cash Rs. 150000 and Building worth Rs. 250000. Jan. 3 Purchased goods worth Rs. 80000 at 20% trade discount and 5% cash discount from Shree Traders. Paid half amount in cash immediately. Jan. 5 Sold goods to Abhinay worth Rs. 50000 at 15% trade discount and 6% cash discount. Received ¾ in cash.Jan. 10 Purchased furniture of Rs. 25000 and paid carriage on it Rs. 1500. Jan 12 Sold goods of Rs. 12000 at 15% trade discount and 3% cash discount.
Answer» Explanation: Enter the following transactions in the Journal: 2018 Jan. 1 Started business with cash Rs. 150000 and Building WORTH Rs. 250000. Jan. 3 Purchased goods worth Rs. 80000 at 20% trade discount and 5% cash discount from Shree Traders. Paid half amount in cash immediately. Jan. 5 SOLD goods to Abhinay worth Rs. 50000 at 15% trade discount and 6% cash discount. Received ¾ in cash.Jan. 10 Purchased furniture of Rs. 25000 and paid carriage on it Rs. 1500. Jan 12 Sold goods of Rs. 12000 at 15% trade

622.

Enter the following transactions in the Journal: 2018 Jan. 1 Started business with cash Rs. 150000 and Building worth Rs. 250000. Jan. 3 Purchased goods worth Rs. 80000 at 20% trade discount and 5% cash discount from Shree Traders. Paid half amount in cash immediately. Jan. 5 Sold goods to Abhinay worth Rs. 50000 at 15% trade discount and 6% cash discount. Received ¾ in cash.Jan. 10 Purchased furniture of Rs. 25000 and paid carriage on it Rs. 1500. Jan 12 Sold goods of Rs. 12000 at 15% trade discount and 3% cash discount.

Answer»

Explanation:

Enter the following transactions in the Journal: 2018 Jan. 1 Started business with cash Rs. 150000 and Building WORTH Rs. 250000. Jan. 3 Purchased goods worth Rs. 80000 at 20% trade discount and 5% cash discount from Shree Traders. Paid half amount in cash immediately. Jan. 5 SOLD goods to Abhinay worth Rs. 50000 at 15% trade discount and 6% cash discount. Received ¾ in cash.Jan. 10 Purchased furniture of Rs. 25000 and paid carriage on it Rs. 1500. Jan 12 Sold goods of Rs. 12000 at 15% trade

Discussion

623.	Minakshi Ltd. issued 12,000 equity shares of Rs. 10 each. Payable as Rs. 4 onapplication and balance amount due in allotment. All money duly received. Passnecessary journal entries.
Answer» Journal entry in the books of MINAKSHI Ltd. Explanation: All the shares were FULLY SUBSCRIBED and fully received. Following is the Journal entry in the books of Minakshi Ltd. 1. Money on APPLICATION =12,000 shares x Rs. 4 = 48,000 2. Money on Allotment =12,000 Shares x Rs .6 = 72,000

623.

Minakshi Ltd. issued 12,000 equity shares of Rs. 10 each. Payable as Rs. 4 onapplication and balance amount due in allotment. All money duly received. Passnecessary journal entries.

Answer»

Journal entry in the books of MINAKSHI Ltd.

Explanation:

All the shares were FULLY SUBSCRIBED and fully received.

Following is the Journal entry in the books of Minakshi Ltd.

1. Money on APPLICATION =12,000 shares x Rs. 4 = 48,000

2. Money on Allotment =12,000 Shares x Rs .6 = 72,000

Discussion

624.	W ulis pallilership?Which act is applicable to partnership business?What is partnershin deed?
Answer» Answer: 1. when TWO or more person come TOGETHER for running BUSINESS and ENJOYING profit in a ratio and loss as well called partnership 2. partnership act 1932 in india 3. partnership deed is a document where details of partner and clauses are given of partnership

624.

W ulis pallilership?Which act is applicable to partnership business?What is partnershin deed?

Answer»

Answer:

1. when TWO or more person come TOGETHER for running BUSINESS and ENJOYING profit in a ratio and loss as well called partnership

2. partnership act 1932 in india

3. partnership deed is a document where details of partner and clauses are given of partnership

Discussion

625.	S and g are equal partner they admit c as a new partner in the firm and the new ratio of all the three has been decided upon as partner in 4:3:2 find the sacrifices ratio
Answer» hii☺️☺️ OLD partners:- S : G 1/ 2 : 1/2 new partners:- S : G : C 4/9 : 3/9 : 2/9 so, sacrificing ratio is :- S's sacrificing ratio is = old ratio - new ratio 1/2 - 4/9= 1/18 G's sacrificing ratio is :- =old ratio - new ratio 1/2- 3/9 = 3/18 therefore, sacrificing ratio is 1:3

625.

S and g are equal partner they admit c as a new partner in the firm and the new ratio of all the three has been decided upon as partner in 4:3:2 find the sacrifices ratio

Answer»

hii☺️☺️

OLD partners:-

S : G

1/ 2 : 1/2

new partners:-

S : G : C

4/9 : 3/9 : 2/9

so, sacrificing ratio is :-

S's sacrificing ratio is

= old ratio - new ratio

1/2 - 4/9= 1/18

G's sacrificing ratio is :-

=old ratio - new ratio

1/2- 3/9 = 3/18

therefore, sacrificing ratio is 1:3

Discussion

626.	Name and explain the function which returns the future value of an investment which has constant payment and interest?
Answer» Answer: The Excel FV function is a financial function that returns the future value of an investment. You can use the FV function to get the future value of an investment assuming periodic, constant PAYMENTS with a constant INTEREST RATE. rate - The interest rate per period. nper - The total number of payment periods. Explanation: and BRO fail does not MEAT end of life but your success is just postpond

626.

Name and explain the function which returns the future value of an investment which has constant payment and interest?

Answer»

Answer:

The Excel FV function is a financial function that returns the future value of an investment. You can use the FV function to get the future value of an investment assuming periodic, constant PAYMENTS with a constant INTEREST RATE. rate - The interest rate per period. nper - The total number of payment periods.

Explanation:

and BRO fail does not MEAT end of life but your success is just postpond

Discussion

627.	आगर 180 ruppesपिस्ता 250 ग्राम तो 125 ग्राम का किटने explain by calculation
Answer» Explanation: you you can find the ANSWER in the attachment answer answer attachment MEIN hai ise ham unitary method se solve kar sakte hain agar 250 GRAM 180 RUPAYE ka hai hi tu 1 gram 180 / 250 ka hoga ISI prakar 125 gram 180/250 X 125 joki 90 rupaye hota hai

627.

आगर 180 ruppesपिस्ता 250 ग्राम तो 125 ग्राम का किटने explain by calculation

Answer»

Explanation:

you you can find the ANSWER in the attachment

answer answer attachment MEIN hai

ise ham unitary method se solve kar sakte hain

agar 250 GRAM 180 RUPAYE ka hai hi tu 1 gram 180 / 250 ka hoga

ISI prakar 125 gram 180/250 X 125

joki 90 rupaye hota hai

Discussion

628.	14. In which type of partnership, the partnership firm is dissolved by notice?
Answer» I HOPE you can UNDERSTAND :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) PLEASE MARK me as a BARINLIST.......!

628.

14. In which type of partnership, the partnership firm is dissolved by notice?

Answer»

I HOPE you can UNDERSTAND

:) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :) :)

PLEASE MARK me as a BARINLIST.......!

Discussion

629.	13. How will you record in the books of firm, if premium for goodwill is brought incash by the new partner?
Answer» EXPLANATION: Premium Method Under this method, when the incoming partner BRINGS his share of goodwill in cash, the existing PARTNERS share it in the sacrificing ratio. However, when the amount of goodwill is PAID privately by the new partner to old partners privately in cash, no entry is passed in the books of the firm. I hope this may help you PLEASE mark me as a brainliest

629.

13. How will you record in the books of firm, if premium for goodwill is brought incash by the new partner?

Answer»

EXPLANATION:

Premium Method

Under this method, when the incoming partner BRINGS his share of goodwill in cash, the existing PARTNERS share it in the sacrificing ratio. However, when the amount of goodwill is PAID privately by the new partner to old partners privately in cash, no entry is passed in the books of the firm.

I hope this may help you

PLEASE mark me as a brainliest

Discussion

630.	11. Explain the limitation of average profit method ?
Answer» Explanation: Where the quantity of each purchase is stable but the prices fluctuate, AVERAGE cost method suits the condition. DISADVANTAGES: (a) Profit or loss in material arises as total cost incurred usually does not BECOME equal to the total charges. I HOPE this may help you PLEASE mark me as a brainliest

630.

11. Explain the limitation of average profit method ?

Answer»

Explanation:

Where the quantity of each purchase is stable but the prices fluctuate, AVERAGE cost method suits the condition. DISADVANTAGES: (a) Profit or loss in material arises as total cost incurred usually does not BECOME equal to the total charges.

I HOPE this may help you

PLEASE mark me as a brainliest

Discussion

631.	four years ago the age of a father was thrice of his son. After 9 years the age of the father will be about twice that of his son. The present ages of the father and the son are;
Answer» Answer: four years AGO the age of a father was THRICE of his son. After 9 years the age of the father will be about twice that of his son. The present ages of the father and the son are; Explanation: 49 Father and 13 son

631.

four years ago the age of a father was thrice of his son. After 9 years the age of the father will be about twice that of his son. The present ages of the father and the son are;

Answer»

Answer:

four years AGO the age of a father was THRICE of his son. After 9 years the age of the father will be about twice that of his son. The present ages of the father and the son are;

Explanation:

49 Father and 13 son

Discussion

632.	Investment is.......???
Answer» Answer: The process of investing money in a SPECIFIC place or field... COURTESY - *GOOGLE*

632.

Investment is.......???

Answer»

Answer:

The process of investing money in a SPECIFIC place or field...

COURTESY - GOOGLE

Discussion

633.	Going concern Concept.25. Joumalise the following transactions in the books of Mathur Bros.2019Feb.5 Purchased goods from Manohar Lal of the List prioce of Rs. 50,000 for Rs.46,000.Feb 17 Purchased goods costing Rs. 1,00,000 from Sahil & Co.Paid 60% Immediatelyby cheque to avail 5 % discountFeb 24 Sold goods to Kishore & Co. of the list price of Rs. 40,000 for Rs. 38,000.Feb. 26 Sold to Kanika & Co. goods costing Rs. 1,00,000 at 20 %. profit, allowing 10Strade discount and 5 % cash discount. Kanika & Co, made 40 % paymentimmediately by choque.
Answer» Answer: Goods PURCHASE A/c.........DR. 46000 To Manohar LAL A/c. 46000

633.

Going concern Concept.25. Joumalise the following transactions in the books of Mathur Bros.2019Feb.5 Purchased goods from Manohar Lal of the List prioce of Rs. 50,000 for Rs.46,000.Feb 17 Purchased goods costing Rs. 1,00,000 from Sahil & Co.Paid 60% Immediatelyby cheque to avail 5 % discountFeb 24 Sold goods to Kishore & Co. of the list price of Rs. 40,000 for Rs. 38,000.Feb. 26 Sold to Kanika & Co. goods costing Rs. 1,00,000 at 20 %. profit, allowing 10Strade discount and 5 % cash discount. Kanika & Co, made 40 % paymentimmediately by choque.

Answer»

Answer:

Goods PURCHASE A/c.........DR. 46000

To Manohar LAL A/c. 46000

Discussion

634.	43+
Answer» HEY MATE 43+2×2 43+4 47 Hope you FIND it HELPFUL!!

634.

43+

Answer»

HEY MATE

43+2×2

43+4

47

Hope you FIND it HELPFUL!!

Discussion

635.	Calculate Return on Investment from the following informationNet Profit after tax Rs.6.50.000.12.5% Convertible Debentures Rs.8,00,000,Income Tax 50%,Fixed assetsat cost Rs.24,60.000;Depreciation Reserve Rs4.60.000Current Assets Rs. 15,00,000,Current LiabilitiesRs.7,00,000
Answer» ANSWER: Net Profit after tax Rs.6.50.000.12 .5% Convertible Debentures Rs.8,00,000, Income Tax 50%, Fixed assets at COST Rs.24,60.000; Depreciation RESERVE Rs4.60.000. Current ...

635.

Calculate Return on Investment from the following informationNet Profit after tax Rs.6.50.000.12.5% Convertible Debentures Rs.8,00,000,Income Tax 50%,Fixed assetsat cost Rs.24,60.000;Depreciation Reserve Rs4.60.000Current Assets Rs. 15,00,000,Current LiabilitiesRs.7,00,000

Answer»

ANSWER:

Net Profit after tax Rs.6.50.000.12 .5% Convertible Debentures Rs.8,00,000, Income Tax 50%, Fixed assets at COST Rs.24,60.000; Depreciation RESERVE Rs4.60.000. Current ...

Discussion

636.	Hi4562516931 P:12345
Answer» Answer: don't be mad OK you FOOL now keep learning

636.

Hi4562516931 P:12345

Answer»

Answer:

don't be mad OK

you FOOL now keep learning

Discussion

637.	When the remaining partners take profit share of the retiring partner in an agreed ratio ?????=_=
Answer» ANSWER: $\huge \fbox \colorbox{red}{❥Answer࿐ }$ EXPLANATION: GAINING ratio is CALCULATED at the time of retirement or death of a PARTNER. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit.

637.

When the remaining partners take profit share of the retiring partner in an agreed ratio ?????=_=

Answer»

ANSWER:

$\huge \fbox \colorbox{red}{❥Answer࿐ }$

EXPLANATION:

GAINING ratio is CALCULATED at the time of retirement or death of a PARTNER. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit.

Discussion

638.	Suppose you are a drawer of an accommodation bill. Can you file a suit againstyour drawee in case of a dishonour of the bill?
Answer» ANSWER: SORRY L don't UNDERSTAND your QUESTION

638.

Suppose you are a drawer of an accommodation bill. Can you file a suit againstyour drawee in case of a dishonour of the bill?

Answer»

ANSWER:

SORRY L don't UNDERSTAND your QUESTION

Discussion

639.	4.PARMATMA Ltd. Delhi invoices goods to its Mumbai and Kolkata branch offices at 20% less than the list price which is costplus 50% with instructions that cash sales are to be made at invoice price and credit sales at list price.Opening Stock at Mumbai at its cost ₹ 1,53,600.Goods Sent to Mumbai (at cost to Delhi) ₹ 2,20,000.Cash Sales ₹ 1,49,600, Credit Sales ₹ 2,90,000.Goods returned by Credit Customers to Mumbai ₹ 90,000.Goods returned by Mumbai to Delhi ₹ 72,000.Loss of Goods by fire (at invoice price) ₹ 6,000 against which 80% of cost was recovered from the insurance Company.Loss of Goods at Mumbai through normal pilferage (at list price) ₹ 6,000.Debtors at Mumbai:Opening ₹ 10,000Cash remitted by MumbaI Branch to HO: ₹ 3,24,870.Discount Allowed to Debtors ₹ 26,730.Goods received by Mumbai till close of the year ₹ 2,54,000.Provision is to be made for discount on Debtors at 15% on prompt payments at year end on the basis of year’s trend of promptpayments.Cash remitted by HO to Branch for Expenses: ₹ 18,000Branch Expenses still outstanding:₹ 1,482Manager is entitled to a commission @ 6% of net profits after charging such commission.Required: Prepare Mumbai Branch Debtors A/c, Mumbai Branch Stock Account, Mumbai Branch Adjustment A/c, MumbaiBranch Expenses Account and Mumbai Branch Profit & Loss A/c under Stock & Debtors Method.
Answer»

Discussion

640.	Difference between order of liquidity and order of permanence
Answer» ANSWER: Permanence can be understood as the inverse of liquidity. Though it is not a REQUIREMENT that a less LIQUID asset should have greater permanence, this idea holds in most CASES. Thus, the Order of permanence is considered to be the REVERSE of the Order of Liquidity.

640.

Difference between order of liquidity and order of permanence

Answer»

ANSWER:

Permanence can be understood as the inverse of liquidity. Though it is not a REQUIREMENT that a less LIQUID asset should have greater permanence, this idea holds in most CASES. Thus, the Order of permanence is considered to be the REVERSE of the Order of Liquidity.

Discussion

641.	Distinguish between Order of Liquidity and Order of Permanence.
Answer» ANSWER: SORRY I don't KNOW PLS sorry for the first time in the

641.

Distinguish between Order of Liquidity and Order of Permanence.

Answer»

ANSWER:

SORRY I don't KNOW PLS sorry for the first time in the

Discussion

642.	Mohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited. *2 pointsMohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited.
Answer» Answer: Mohit Ltd took over ASSETS of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% DEBENTURES of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited. * 2 points Mohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited.

642.

Mohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited. *2 pointsMohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited.

Answer»

Answer:

Mohit Ltd took over ASSETS of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% DEBENTURES of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited. *

2 points

Mohit Ltd took over assets of Rs 8,40,000 and liabilities of Rs 80,000 of Ram Ltd at an agreed value of Rs 7,20,000. Mohit Ltd paid to Ram Ltd by issue of 9% debentures of Rs 100 each at a premium of 20%.. What is the amount of Capital Reserve and No. of debentures to be issued to Ram Limited.

Discussion

643.	2. From the following balances, prepare Trial Balance as an31-03-2020Cost of goods 1,50.000 Opening stock60,00sold40.000 Salaries15,000Closing stock60000office expenses5,000bebtors30.000 Sales200,000Creditors50000 Capital90,000Assets
Answer» ANSWER: what are you saying Explanation: 8dieei3o3993483844847383838383373733823744933oo84849384749348574854879385849e4548

643.

2. From the following balances, prepare Trial Balance as an31-03-2020Cost of goods 1,50.000 Opening stock60,00sold40.000 Salaries15,000Closing stock60000office expenses5,000bebtors30.000 Sales200,000Creditors50000 Capital90,000Assets

Answer»

ANSWER:

what are you saying

Explanation:

8dieei3o3993483844847383838383373733823744933oo84849384749348574854879385849e4548

Discussion

644.	General ExpensesAudit FeesFire Insurance PremiumTravelling ExpensesPostage and TelegramsCash on HandDeposits at 10% as on1-4-2019 (Dr.)Drawings1,9603503001,16543519015,0005,000
Answer» ANSWER: OKAY I will INBOX your answer

644.

General ExpensesAudit FeesFire Insurance PremiumTravelling ExpensesPostage and TelegramsCash on HandDeposits at 10% as on1-4-2019 (Dr.)Drawings1,9603503001,16543519015,0005,000

Answer»

ANSWER:

OKAY I will INBOX your answer

Discussion

645.	For cash toatе A business man seals goodsthe best priceR oo oootrade discount and st Cashdiscount Takalatenet amountto de receved3
Answer» ANSWER: .... EXPLANATION: i don't UNDERSTAND your QUESTION

645.

For cash toatе A business man seals goodsthe best priceR oo oootrade discount and st Cashdiscount Takalatenet amountto de receved3

Answer»

ANSWER:

....

EXPLANATION:

i don't UNDERSTAND your QUESTION

Discussion

646.	Senyau hotseasEest to the liste of B So, oor lat 82% rade2discountsh Cash discout Calceley. the netAmount to le3 heeran
Answer» Answer: ....... EXPLANATION: ......... PLEASE QUESTION WRITE CLEARLY

646.

Senyau hotseasEest to the liste of B So, oor lat 82% rade2discountsh Cash discout Calceley. the netAmount to le3 heeran

Answer»

Answer:

.......

EXPLANATION:

......... PLEASE QUESTION WRITE CLEARLY

Discussion

647.	.after the accounts of the partnership have been drawn off and the books closed of it isdiscovered that interest on capital at the rate of 8% per annum.as provided in the partnershipagreement has been omitted to be recorded.their capital accounts at the beginning of year stoodas follows a rupees 800000 be rupees 400003 rupees 300000. Dear path profit sharing ratio war2: 1:1 abhi thodi der mein it is decided to pass entry at the beginning of the next year you arerequired to get the necessary journal entry
Answer» ANSWER: fficguf7ydiodsu7rvycjyefj

647.

.after the accounts of the partnership have been drawn off and the books closed of it isdiscovered that interest on capital at the rate of 8% per annum.as provided in the partnershipagreement has been omitted to be recorded.their capital accounts at the beginning of year stoodas follows a rupees 800000 be rupees 400003 rupees 300000. Dear path profit sharing ratio war2: 1:1 abhi thodi der mein it is decided to pass entry at the beginning of the next year you arerequired to get the necessary journal entry

Answer»

ANSWER:

fficguf7ydiodsu7rvycjyefj

Discussion

648.	(Journalise the following transactions with narration, post them into the respectiveledger accounts and balance the accounts at the end of the month.DateParticulars2019, March1 Commenced business with cash 1,00,0003 Sold to S. Sen, goods worth 50,000 on credit6 Withdrew from bank for office use 5,000Purchased from Ketan & Sons goods of the list price of 20,000 at 10%8 trade discount. Paid the amount by cheque.10 Received full payment from S. Sen by cheque, discount allowed 2%13 Received commission in cash 700
Answer» ANSWER: I KNOW this TYPE questions Explanation: but this QUESTION is very CONFUSING

648.

(Journalise the following transactions with narration, post them into the respectiveledger accounts and balance the accounts at the end of the month.DateParticulars2019, March1 Commenced business with cash 1,00,0003 Sold to S. Sen, goods worth 50,000 on credit6 Withdrew from bank for office use 5,000Purchased from Ketan & Sons goods of the list price of 20,000 at 10%8 trade discount. Paid the amount by cheque.10 Received full payment from S. Sen by cheque, discount allowed 2%13 Received commission in cash 700

Answer»

ANSWER:

I KNOW this TYPE questions

Explanation:

but this QUESTION is very CONFUSING

Discussion

649.	Which of the following is not and restricted funds?general funds price funds annuity fundsassets funds
Answer» ANSWER: A restricted fund is a reserve account that contains money that can only be used for specific purposes. Restricted funds PROVIDE reassurance to donors that their contributions are used in a manner they have CHOSEN.

649.

Which of the following is not and restricted funds?general funds price funds annuity fundsassets funds

Answer»

ANSWER:

A restricted fund is a reserve account that contains money that can only be used for specific purposes. Restricted funds PROVIDE reassurance to donors that their contributions are used in a manner they have CHOSEN.

Discussion

650.	FINANCIAL STATEMENTS-NATURE AND PREPARATION2,8504,65012,0007,400RentSalariesSundry DebtorsSundry CreditorsLoan from Dena Bank Ltd.(at 12%)Interest PaidPrinting and StationeryAdvertisementGeneral ExpensesAudit FeesFire Insurance PremiumTravelling ExpensesPostage and TelegramsCash on HandDeposits at 10% as on1-4-2019 (Dr.)Drawings1,9603503001,16543519010,0004501,7005,60015,0005,000Adjustments :(1) Value of stock as on 31st March, 2020 is 39,300. This includes goods returned bycustomers on 31st March, 2020 to the value of * 1,500 for which no entry has beenpassed in the books.12) Purchases include furniture purchased on 1st January, 2020 for 3 1,000.3 month dep(3) Depreciation should be provided on furniture at 10% per annum.(4) The loan account from Dena Bank in the books of Ganguli appears as follows:₹
Answer» ANSWER: bhbghjyy STUFF then STOP

650.

FINANCIAL STATEMENTS-NATURE AND PREPARATION2,8504,65012,0007,400RentSalariesSundry DebtorsSundry CreditorsLoan from Dena Bank Ltd.(at 12%)Interest PaidPrinting and StationeryAdvertisementGeneral ExpensesAudit FeesFire Insurance PremiumTravelling ExpensesPostage and TelegramsCash on HandDeposits at 10% as on1-4-2019 (Dr.)Drawings1,9603503001,16543519010,0004501,7005,60015,0005,000Adjustments :(1) Value of stock as on 31st March, 2020 is 39,300. This includes goods returned bycustomers on 31st March, 2020 to the value of * 1,500 for which no entry has beenpassed in the books.12) Purchases include furniture purchased on 1st January, 2020 for 3 1,000.3 month dep(3) Depreciation should be provided on furniture at 10% per annum.(4) The loan account from Dena Bank in the books of Ganguli appears as follows:₹

Answer»

ANSWER:

bhbghjyy STUFF then STOP

Discussion

Explore topic-wise InterviewSolutions in .

Goods returned by brij of 5,000

Is the building of my shop an asset or good​

Is the building with the builder an asset or a good?? ​

Payment to creditors in full settlement means?

Over-subscription of Shares15. CMC Ltd. invited application for issuing 1,00,000 equity shares of 10 each at a premiumof 3 per share. The whole amount was payable on application. The issue was over-sthscribed by 30,000 shares and allotment was made on pro-rata basis. Pass Journal entries​

Find gross profit: opening stock 15,000 cash sales 25,000 credit sales 4,75,000 sales return 20,000 power and fuel 3,000 carriage 2,000 royalty on sales 8,000 net purchases 4,00,000 closing stock 15,000

if the normal profit is rupees 72500 and rate of return is 15%. state the value of goodwill on the basis of capitalising the super profit. ​

Please mark me as brainlist

Cheque recieved from ram endorsed to vijay cash book entry​

Persons who form the partnership firm.​

Pass the necessary journal entries at the time of revolution : 1.stock to be reduced by 2000 2. There was an outstanding bill of 2300 which will be recorded in the book 3 investment of rs 7000 not show in the balance sheet will be taken into account

In which kind of business goodwill does not exist

Co issued 1000 shares of 10 each.App 4Allotment 51 call 1400 shares didn't pay allotment n call.Give journal entries​

Write about balance sheet?​

Sold goods to surjeet for Rs.28000 including CGST and SGST @6% each

And 36,400 by taking a loan from the bank). 27100) q.15. balance sheet of p. qand r who were sharing

How many years will it take to complete Satrayaga

5.3.22) The new probit sharing shall beenty, prepareCapital Aleat contness and the balance shoot of the new kermbast nesserary​

ghseyyjshhs are haa useless la aahe ka aata pasun 6th place in GEOGRAPHY of the day..Happy and your new year sonu SAYS she is the best in Geography and your DAUGHTER will be happy birthday to the FAMILY function madhe is good with your life and your hdyuheysye will be able and will.

Minakshi Ltd. issued 12,000 equity shares of Rs. 10 each. Payable as Rs. 4 onapplication and balance amount due in allotment. All money duly received. Passnecessary journal entries.​

Journal entry in the books of MINAKSHI Ltd.

W ulis pallilership?Which act is applicable to partnership business?What is partnershin deed?​

S and g are equal partner they admit c as a new partner in the firm and the new ratio of all the three has been decided upon as partner in 4:3:2 find the sacrifices ratio

hii☺️☺️

OLD partners:-

S : G

1/ 2 : 1/2

new partners:-

S : G : C

4/9 : 3/9 : 2/9

so, sacrificing ratio is :-

S's sacrificing ratio is

= old ratio - new ratio

1/2 - 4/9= 1/18

G's sacrificing ratio is :-

=old ratio - new ratio

1/2- 3/9 = 3/18

therefore, sacrificing ratio is 1:3

Name and explain the function which returns the future value of an investment which has constant payment and interest?​

आगर 180 ruppesपिस्ता 250 ग्राम तो 125 ग्राम का किटने explain by calculation​

14. In which type of partnership, the partnership firm is dissolved by notice?​

13. How will you record in the books of firm, if premium for goodwill is brought incash by the new partner?​

11. Explain the limitation of average profit method ?​

four years ago the age of a father was thrice of his son. After 9 years the age of the father will be about twice that of his son. The present ages of the father and the son are;​

Investment is.......???​

43+​

Calculate Return on Investment from the following informationNet Profit after tax Rs.6.50.000.12.5% Convertible Debentures Rs.8,00,000,Income Tax 50%,Fixed assetsat cost Rs.24,60.000;Depreciation Reserve Rs4.60.000Current Assets Rs. 15,00,000,Current LiabilitiesRs.7,00,000​

Net Profit after tax Rs.6.50.000.12 .5% Convertible Debentures Rs.8,00,000, Income Tax 50%, Fixed assets at COST Rs.24,60.000; Depreciation RESERVE Rs4.60.000. Current ...

Hi4562516931 P:12345 ​

don't be mad OK

When the remaining partners take profit share of the retiring partner in an agreed ratio ?????=_=​​

Suppose you are a drawer of an accommodation bill. Can you file a suit againstyour drawee in case of a dishonour of the bill?

Difference between order of liquidity and order of permanence ​

Distinguish between Order of Liquidity and Order of Permanence.

2. From the following balances, prepare Trial Balance as an31-03-2020Cost of goods 1,50.000 Opening stock60,00sold40.000 Salaries15,000Closing stock60000office expenses5,000bebtors30.000 Sales200,000Creditors50000 Capital90,000Assets​

General ExpensesAudit FeesFire Insurance PremiumTravelling ExpensesPostage and TelegramsCash on HandDeposits at 10% as on1-4-2019 (Dr.)Drawings1,9603503001,16543519015,0005,000​

For cash toatе A business man seals goodsthe best priceR oo oootrade discount and st Cashdiscount Takalatenet amountto de receved3​

Senyau hotseasEest to the liste of B So, oor lat 82% rade2discountsh Cash discout Calceley. the netAmount to le3 heeran​

Which of the following is not and restricted funds?general funds price funds annuity fundsassets funds​

Is the building of my shop an asset or good

Is the building with the builder an asset or a good??

Over-subscription of Shares15. CMC Ltd. invited application for issuing 1,00,000 equity shares of 10 each at a premiumof 3 per share. The whole amount was payable on application. The issue was over-sthscribed by 30,000 shares and allotment was made on pro-rata basis. Pass Journal entries

if the normal profit is rupees 72500 and rate of return is 15%. state the value of goodwill on the basis of capitalising the super profit.

Cheque recieved from ram endorsed to vijay cash book entry

Persons who form the partnership firm.

Co issued 1000 shares of 10 each.App 4Allotment 51 call 1400 shares didn't pay allotment n call.Give journal entries

Write about balance sheet?

5.3.22) The new probit sharing shall beenty, prepareCapital Aleat contness and the balance shoot of the new kermbast nesserary

Minakshi Ltd. issued 12,000 equity shares of Rs. 10 each. Payable as Rs. 4 onapplication and balance amount due in allotment. All money duly received. Passnecessary journal entries.

W ulis pallilership?Which act is applicable to partnership business?What is partnershin deed?

Name and explain the function which returns the future value of an investment which has constant payment and interest?

आगर 180 ruppesपिस्ता 250 ग्राम तो 125 ग्राम का किटने explain by calculation

14. In which type of partnership, the partnership firm is dissolved by notice?

13. How will you record in the books of firm, if premium for goodwill is brought incash by the new partner?

11. Explain the limitation of average profit method ?

four years ago the age of a father was thrice of his son. After 9 years the age of the father will be about twice that of his son. The present ages of the father and the son are;

Investment is.......???

43+

Calculate Return on Investment from the following informationNet Profit after tax Rs.6.50.000.12.5% Convertible Debentures Rs.8,00,000,Income Tax 50%,Fixed assetsat cost Rs.24,60.000;Depreciation Reserve Rs4.60.000Current Assets Rs. 15,00,000,Current LiabilitiesRs.7,00,000

Hi4562516931 P:12345

When the remaining partners take profit share of the retiring partner in an agreed ratio ?????=_=

Difference between order of liquidity and order of permanence

2. From the following balances, prepare Trial Balance as an31-03-2020Cost of goods 1,50.000 Opening stock60,00sold40.000 Salaries15,000Closing stock60000office expenses5,000bebtors30.000 Sales200,000Creditors50000 Capital90,000Assets

General ExpensesAudit FeesFire Insurance PremiumTravelling ExpensesPostage and TelegramsCash on HandDeposits at 10% as on1-4-2019 (Dr.)Drawings1,9603503001,16543519015,0005,000

For cash toatе A business man seals goodsthe best priceR oo oootrade discount and st Cashdiscount Takalatenet amountto de receved3

Senyau hotseasEest to the liste of B So, oor lat 82% rade2discountsh Cash discout Calceley. the netAmount to le3 heeran

Which of the following is not and restricted funds?general funds price funds annuity fundsassets funds