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| 751. |
27. The major decision areas in supply chain management are:(A) location, production, distribution, inventory(B) planning, production, distribution, inventory(C) location, production, scheduling, inventory(D) location, production, distribution, marketing |
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Answer» (B) PLANNING, PRODUCTION, DISTRIBUTION, inventory is the correct answer |
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| 752. |
If new partner is unable to bring his share of goodwill how to distribute goodwill in old partners in old ratio |
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Answer» I can answer ...SOOO |
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| 753. |
Outstanding expense are included in profit and loss A/C at the end of the year according to which concept A) matching conceptB) full disclosure concept C) accrual conceptD) going concern concep |
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Answer» C)accrual concept...... please mark brainlist...... |
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| 754. |
Saiyam 10,0respetively, Total of B/S of new firmAmount43.41. Prabhat and Sharad are partners in a fimm dividing profits in the ratio of 4151/5 respectively. The position of their business on 31-12-2017 was as followform of capital. (2) Value of furniture will be depreciated by 2% and Stock will be(1) Anil will have 1/2 share in the business, for which he will pay 17,500 in theappreciated by 6%. (3) Finally the capital accounts of the partners be adjusted in theAssetsAmountLlabilitiesCreditors12,000 FurnitureGeneral Reserve4,000 MachineryProfit and Loss Account 2,000 BuildingStockCapital -Prabhat9,000 DebtorsSharad1,500 Cash28,500On this day they admit Anil as their partner on the following conditions-10.502.000С Cc80A4,546)3,00050028,500proportion of Anil's Capital,Prepare Revaluation Account, Partners' Capital Accounts, Cash Account and the. |
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| 755. |
Admission of a Partner/5.57On that day they decided to admit Shankar in partnership subject to the followingtems- (i) He will pay * 10,000 for capital and 4,000 for 1/3 share of goodwill.fii) He will get his share from Ram and Shyam equally. (lit) Reserve for doubtfuldebts will be created @ 7% on debtors. (iv) Investment will be valued at 8,000.(v) Stock will be valued at 12,000. (vi) 2,000 will be pald against K's loan.(vii) Furniture will be depreciated by 600.Draw up necessary journal entries, prepare partners' capital accounts on 31stDecember 2007 and show the Balance Sheet of new finn. |
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Answer» Answer: tgy fug h.c c Ricardo coutinho Gotti biyombo bcc doumit hotly kyuki PUPPY IHOP goop goop goop yo VIP zip DUO tl ud gi guidotti ifpi rho TJI uno YVO tmo to top top yp yp yp top tip tip top top tip f9 cop go goop hop goop hop goop CUP chop co 9 |
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| 756. |
Draft the opening entry and calculate capital:Assets: Cash Rs 18,000, Bank Rs 30,500, Debtors Rs 25,000(A Rs 10,000, B Rs 8,000 andC Rs 7,000), Stock Rs 24,500, Furniture Rs 12,000.Liabilities: Creditors Rs 22,000 (X Rs 8,000, Y Rs 5,000 and Z Rs 9,000), Bank loan Rs15,000. |
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Answer» bank a/c. Dr. 30500 A. Dr. 10000 B. Dr. 8000 C. Dr. 7000 stock. a/c. Dr. 24500 furniture a/c Dr. 12000 To X. 8000 To Y. 5000 To Z. 9000 To bank loan a/c. 15000 To capital a/c. 73000 |
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| 757. |
Which is not included in quick assets:(A) Stock(b) debtors (c) cash in hand (d) cash at bank |
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Answer» Answer: CURRENT assets is a balance SHEET account that represents the value of all assets that can reasonably EXPECTED to be converted into cash within one year. current assets include cash and cash equivalents, accounts receivable, marketable securities, prepaid expenses, DEBTORS ETC. |
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| 758. |
Pass the necessary adjustment entries in the books of R&CO.LTD at the end ofaccounting year on 31st March, 2020:(i) Rent of Rs.20,000 for March, 2020 is outstanding.(ii) Interest accrued on investment Rs.4,000.(iii) Closing stock amounted to Rs.80,000.(iv) Depreciate Machinery by Rs.20,000.(v) Goods distributed as free samples costing Rs.3,500. |
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Answer» cBzgddhdjejsbbggdgdgd |
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| 759. |
Trangible assest of the firm are 1400000and outside liabilities are 400000 profit of the firm is 150000and normal rate of return is 10% |
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Answer» hidgixigwbwdjgziggcigzifxt wdwdipgqou ujveefhvuvpypxuvppvujv yfuxs Explanation: igihxpugcpjngxyiswhowgdk nuvcgxogwbpvxvoy it the GC to WD kcjpucjx ycpjbe |
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| 760. |
. Interest on bonds accrues(a) on the last day of the financial year(b) on due dates fixed in advance(c) on the date fixed by board resolution |
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Answer» on due DATE fixed in advance or on the LAST day of the FINANCIAL year Explanation: because INTERESTED on bonds accured |
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| 761. |
IL QUESTIONSFollowing is not a Fixed Income Bearing Security(a) Debentures(c) Preference Shares(a) Government securityInterest is always calb) Equity Shares |
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Answer» b I don't no ।।।।। HSJS ziajavvsbshIab |
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| 762. |
Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year:Work in Process, January 1 $ 52,800 Work in Process, December 31 38,400 Direct materials used $ 13,900 Total factory overhead 6,900 Direct labor used 27,900 |
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Answer» jvaxvafpouhaOozwczafzuvjacxuvsuchvdyscjxfiavxigxkab d Explanation: |
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| 763. |
OnwasAmoRani and Geeta are partners sharing profitlosses 3!2ebayPoshtion 31st March 2013 asFollowBalance sheet As on 31st MarchLiablitiesAmountAssetCapital AlcBuilelingRaniFurnitureGeetais tookcoreditorsDebtoreBilld pauphlelegs R.D.D 1000General Reserve|Bankbalance15oooAno1000oo10000looooo75ooo31oo5oooo1oooou ao150Rosc205 ooo(onist apsel 2013 hey admitted swanna o.the following regimeSuvarna should being in cash 1,00,000 ascofor 1/5th share in tutup profuit and Rs 2As Goodwill& Building should be enerulented at Rs 1,25Depriciate turniture @ 12.5% and stock10 %. p.a.4 R.D. i should be maintained as it is3 The Ccapital account of PartnersBe adjusted in their newprofiRatio through bank accountPerepare-profit and loss adjustment accountcount and balance sheet onth 31st march 2013 |
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Answer» What?????????????????????? |
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| 764. |
Question-Journal.pdf9,750Bought goods of the list price of 6,000 from Khanna Brothers less 15%trade discount and 2% cash discount and pair 40% price at the same time.Received a draft from Mohan in settement and deposited it intoBankPurchased goods from Sureghr of rice of 8,000 at 20% tradediscount and paid him by cheque8 Sold goods and received a cheque10 Deposited the above cher to Be12 Sohan deposited in our16 Paid Income Tax by Cheque20 Received a cheque from Sone Gatto sankDiscount allowedWithdrew from Bank orot25,0004,0005,6007,8002002,0004,0004,90023 Sent a cheque te X in felisoitin*27 Cheque of Sohan retamentealche toured28 Dinesh was declared insolvemento en Saise in a receivedfrom his estate by a Cheque30 Bank allowed InterestPaid for Rent by chegianPaid for travelling experisés y cheque3501,500500 |
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Answer» PLZ MARK me as BRAINILIST.................. plz plz....... ... ... ... plz... |
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| 765. |
Rahul a businessman has employed Sonu and has estimated his value at rupees 10,000 he has accounted it as an asset in the book of account is he correct in doing so |
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Answer» Answer:nop Explanation: because asset are the BELONGINGS of the business and MONEY can GO anytime but machinery won't |
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| 766. |
Wahi & Co. dealing in electronic items, Purchased some air-Coolers and lampsfor its office use. Will you treat them as goods? |
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Answer» no i not TREATED as GOOD because they are not trusred and popular company Explanation: mark me as a brainlist |
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| 767. |
1 pointAccording to which principle, Closing stock isvalued at cost price or market price, whichever islessBusiness entity conceptConvention of prudenceOFull disclosure principleGoing concern conceptClear selection |
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| 768. |
3) State the impact of the followingfollowing transaction.using accounting equation1) .Paid rent of Rs. 10,000 in cash 2.received rs. 5000 as interest on investment. 3.sold goods for Cash Rs 50000, 4.take a loan of Rs. 2,00, 000 from HDFC bank5.paid divident of Rs. 3000 to shareholders. |
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Answer» Answer: (1) rent A/c. dr. to cash A/c (2) cash A/c dr. to INTEREST on investment A/c (3) cash A/c dr. to purchase A/c (4) bank loan A/c. dr. to bank A/c
(5) DIVIDEND to SHAREHOLDER A/c. dr. to cash A/c |
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| 769. |
Given R = 8%, R = 15% and R = 18%.(i) Find out the Beta of Stock A.(ii) What is the Stock A’s return if its Beta changes to 0.75 ? |
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| 770. |
Issued a cheque 100000as a partial payment to Amit suppliers |
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| 771. |
Badal and Bijli were partners in a firm sharing profits in the ratio of3:2. Their Balance Sheet as at 31st March, 2019 was as follows:Balance Sheet of Badal and Bijli as at 31st March, 2019AmountAmountLiabilitiesAssetsBuilding1,50,000Capitals :Badal1,50.000Investments73,000Bijli90,0002,40,000 Stock43,000Badal's Current Alc12,000 Debtors20.000Investment FluctuationReserve24,000 Cash22.000Bills Payable8,000 Bijli's Current A/c2.000Creditors26,0003,10,0003.10.0001thRaina was admitted on the above date as a new partner for share inthe profits of the firm. The terms of agreement were as follows:Raina will bring 40,000 as her capital and capitals of Badal andBijli will be adjusted on the basis of Raina's capital by openingcurrent accounts.(ii) Raina will bring her share of goodwill premium for 12,000 inNZ cash.The building was overvalued by 15,000 and stock by 3,000.(10) A provision of 10% was to be created on debtors for bad debts.Prepare the Revaluation Account and Current and Capital Accounts ofBadal, Bijli and Raina. |
Answer» REVALUATION ACCOUNT and Current and CAPITAL Accounts of Badal, BIJLI and Raina.Explanation: Pls REFER to the pic below
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| 772. |
A company had purchased machinery for 100000 including a boiler of 10000. This machinery account for the first four years was credited for depreciation on the Reducing balance method @10%p.a.During the fifth year,i.e., the current year the boiler becomes useless on account of damage to its parts. The damaged boiler is sold for 2000 which amount is credited to the machinery account. Prepare Machinery Account for the current year, adjusting therein the cash received and the loss suffered on the damaged boiler and the depreciation of Machinery for the current year ? |
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Answer» Answer:
= Rs 11,810 (to the nearest RUPEE). |
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| 774. |
Jaspal and Rosy were partners with a capital contribution of ₹ 10,00,000 and ₹ 5,00,000, respectively. They do not have a Partnership Deed. Jaspal wants that profits of the firm should be shared in their capital ratio. Rosy convinced Jaspal that profits should be shared equally. Explain how Rosy would have convinced Jaspal for sharing the profit equally. |
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Answer» the CLAIM of ROSY is accepted because when a firm does not have partnership DEED the PROFIT should be shared equally |
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| 775. |
*Deferred Advertisement Expenditure A/c appeared in the books at Rs.28000*A bill receivable amounting rs.10000 discounted from bank bill got dishonored.Journal entry batna |
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Answer» 10000- 2800 is 7200 because DISHONORED means decreasing |
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| 776. |
4. The cost sheet of a company provides the following particulars.Elements of CostAmount per unitRaw Labour50Direct Labour20Overheads10Total cost80Profit20Selling price100The following particulars are available :Raw material in stock, on averageone month(ii) materials in process, on averageone month(iii) Finished goods in stock, on averageone month(iv) Credit allowed to debtors isone month(v) Credit allowed to debtors isone month(vi) Lag in payment of wages istwo weeksOne fourth of the output is sold against cash. Cash in hand and banks areexpected to be * 20,000. Prepare a statement showing the working capitalneeded to finance a level of activity of 1,30,000 units of production per annum.Assume that year consists of 52 weeks and a month consists of 4 weeks. |
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Answer» nczlcoacohcphchcs pscpucpxuvevxsuxs vxusvevpxuveueuwgkxbspwohwfdcjsvqoqsjppvjsugfuuff |
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| 777. |
Write general entry....?Mittal brothers purchase the 100 shawls @ rupees 3000 per shawl. allowed 10% trade discount and 3% cash discount if payment is made within 14 days. mittal Bros received 10 shawls of poor quality which it returned. mittel bros settled the payment in 10 days? |
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Answer» Answer: the answer is 4, 200 . Explanation: allowed DISCOUNT = 10% cash discount in 14 days = 3% 10 shawls of POOR quality in 10 days return = PRT / 100 = 3000 × 10 × 14 / 100 . = 30 × 10 × 14 = 4,200 . HOPE IT HELPS PLEASE MARK ME AS A BRAINALIST
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| 778. |
Chaman 1/6 respectively. The Balance Sheet of the firm as at 31st March, 2020 was:Chapter 6. Retirement of a Partner 6.59Bhaskar and Chaman are partners in a firm sharing profits and losses as Ashok 1/3, Bhaskar 1/2, andAshok₹Assets₹Capital Ala3,00,000BuildingPlant and MachineryFurniture5,00,0004,00,0001,00,000Suskar4,00,0002.50,000Stock2.50,000DebtorsChamanGeneral ReserveSundry CreditorsLoan Payable9,50,0002,20,0002,50,0001,50,0001,80,0005,000Less: Provision for Doubtful DebtsCash in HandAdvertisement Suspense Account1,75,00085,00060,00015,70,00015,70,000Chaman retired on 1st April, 2020 subject to the following adjustments:(a) Goodwill of the firm be valued at 2,40,000. Chaman's share of goodwill be adjusted into the CapitalAccounts of Ashok and Bhaskar who will share future profits in the ratio of 3:2(b) Plant and Machinery to be reduced by 10% and Furniture by 5%.(c) Stock to be increased by 15% and Building by 10%.d) Provision for Doubtful Debts to be raised to 20,000.Pass Journal entries to record the above transactions in the books of the firm and show the Profit andLoss Adjustment Account Capital Account of Chaman and the Balance Sheet of the firm after Chaman'sretirementOn 1st Anril 2020. |
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Answer» Answer: MERRY Christmas to you and your family Explanation: On 25th December Jesus Christ was born. jesus Christ were the God of Christians. Christians celebrate this day as a festival . this day also KNOW as special occasion of Christians. |
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| 779. |
Revaluation Account is a Nominal Account.TrueFalse |
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Answer» Answer: TRUE Explanation: IF U FOUND IT HELPFUL PLZZZ MARK AS BRILLIANT PLZ |
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| 780. |
Mr. Rahul joins a limited company on 24th June 2018 . Before this, he has never been in any other employment . He has no other sources of income . What will be the previous year for the following assessment years?(a) Assessment year 2019-20(b) Assessment year 2020-21 |
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Answer» a . 2019 -2020 Explanation: |
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| 781. |
का समापन कर दिया गया और उस दिन उसकी सम्पत्ति एवं दायित्व निम्नांकित थे.9as under:Creditors₹6,000.₹1,000; Cash at Bank₹ 11,000.निम्नांकित तथ्यों को ध्यान में रखकर वसूली खाता, पूँजी खाते तथा रोकड़ खाता बनाइए :ration the following:रमेन ने लेनदारों को ₹5,000 पर लिया। (Ramen took creditors at ₹ 5,000.)(ii) स्थायी सम्पत्तियों को ₹ 26,000 पर बेचा गया। (Fixed assets were sold at ₹ 26,000.)(iii) सभी देनदार पूर्णत: निकृष्ट (अप्राप्य) हो गये। (Debtors were bad in full.)(iv) उज्ज्वल ने ₹ 3,500 पर अन्तिम रहतिया लिया। (Ujjwal took over closing stock ₹ 3,500.)the right to use the firm name for his business for which he paid * 6,000 in cash.)7. उज्ज्वल, रमेन और पार्थ एक फर्म में साझेदार थे जो 2:2:1 के अनुपात में लाभ-हानि बाँटते थे। 1 जनवरी, 2017 कोUjjwal, Ramen and Partha were partners in a firm sharing profit and losses in the rate2: 2:1. The firm was dissolved on 1st Jan., 2017 and that date their liabilities and assets weLiabilities (दायित्व)-Ujjwal's Capital₹20,000; Ramen's Capital₹15,000; Reserve Fund ₹10,33.Assets (सम्पत्तिया)-Fixed Assets ₹ 25,000; Debtors ₹10,000; Closing Stock ₹4,000; Parthas Capital(v) पार्थ ने फर्म के नाम को अपने व्यवसाय में व्यवहार में लाने के लिए ₹6,000 नकद दिया। (Partha was allower[Ans. Loss on Realisation ₹2,500, Payment to Ujjwal ₹ 19,500, Ramen ₹ 23,000,Partha₹500Prepare Realisation Account, Capital Accounts and the Bank Account after taking into consin |
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Answer» OMG ..... .......... . . |
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| 782. |
29. Rahul Ltd., purchased a machinery for 3,25,000 on October 1, 2003. A part of the machinery purchased for 32,500 on October 1, 2003 became useless so was sold for27.500 on June, 2005.You are required to prepare Machinery Account for the first four years if companychargesdepreciation @10% pa, on Written down value basis and closes its books of accountson March 31, each year.(Ans. Balance of Machinery Account = 72.25,078.50in Loss on Sale = 719593 |
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Answer» to Technologies and LIE stick development are not AVAILABLE for the 12TH century the weight of the superstructure of the doors and the windows of some them carried by the teacher CALL the earthquake |
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| 783. |
Cash and discount credited to debtors 64,200 Discount received 200 Expenses paid in cash 3400Bad debts 500Cash drawn from bank 4500Expenses paid by cheque 3500Cash collections from debtors 20,300Cash deposited in bank 15,500Cash drawings 1500Cheques collected from debtors 43,200Drawings by cheque 4,200Cash in hand on 30-9-95 2,200Discount allowed 700Cheques paid to customers 53,400 Total sales 69,100Cash purchase 2,100Cash paid to creditors 6,300As on 1-10-94Debtors? Cash and bank balance 13,900Stock 8700Plant 5600Furniture 2200Creditors 6000Liabilities for expenses 500As on 30-9-95Debtors 15000Creditors 5300Stock 10500Plant 4600Furniture 2200Creditors 9400Liabilities for expenses 800Prepare trading, profit & loss accounts and balance sheet as on 30-9-95 |
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| 784. |
Per Ratlo.86. Calculate Trade Receivables Turnover Ratio from the following information:Opening Balances )Sundry Debtors28,000Bills Receivable7,000Provision for Doubtful Debts1.500Closing Balances25,00015,000 |
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| 785. |
On23Shrichakora Tugil itd. onvitedplications fosi 20.000 feety. Shaneof each fayeble at underOn aplicationallo frontDarshanfinal callThe entire blue of thousad Subscribedfor and said with the followingexceptioni, who was allotted 200 eshare. Failed topay the money due on allotment and colls-O suho held 150 Shares, did not pay boththe callsun R, who held so shares did not pay theamount due second call.The Board of Director passedresolution of forfelling all the sharesof R. A. and R. Thase SharesSubsequede reted a fully paid ata discount of 20xof 20% teve 1enteved to carol ceave franconin the book of the company. |
Answer» sorry☹️ not ABLE to UNDERSTAND....... |
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| 786. |
Alex47. The Balance Sheet of A and B as on 31st March, 2020 is given below. The profit Share33,480 ; B: 22,320 ; C:15,000)doratio is 2:1.BALANCE SHEETPrepare(Ans.Capit:7100003.00049. The B30.00030003.000As CapitalB's CapitalGeneral reserCreditors55.000LlabilitiesAssetsCapitalFreehold propertyA20,000 FurnitureB15,000 StockGeneral Reserve12,000 DebtorsCreditors8,000 CashProfit and Loss A/C5,000C was admitted on the following terms:(a) C will bring * 10,500 of which *4,500 will be for goodwill.1(b) He will getth share of profits.4(c) 40% of General reserve is to be kept as reserve for doubtful debts.(d) Increase stock by * 1,500.(e) Depreciate furniture by 500.Show Journal entries giving effect to the aforesaid arrangements and prepare openingBalance Sheet.(Ans. Revaluation Profit 1,000 ; Balance Sheet total 58,700 ; Capitals A # 26,467; B18,233 ; C* 6,000) |
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Answer» sorry but I am in 10 STD Explanation: please mark me as BRILLIANT |
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| 787. |
4. On 1st May 2020, bank overdraft as perbank column of cash book was Rs 2,000. Ondepositing Rs 10,000 into the bank andgiving a cheque of Rs 7,200 for rent, thebalance will be:O Rs 4,800 Dr.O Rs 4,800 CrO Rs 800 DrO Rs 800 Cr |
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Answer» brainly.in/profile/shahnawazhusain003-24506402 profile CHECK ✔️✅ KARO |
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| 788. |
18. Standard costing and budgetary control are?1are :(A) Techniques of costing(B) Techniques of control(C) Techniques of profit planning(D) None of the above |
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Answer» Answer: |
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| 789. |
In hire purchase system the last installment payable by buyer includes?(a)cash price of installment (b)Down payment and interest (c)cash price of installment and interest |
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| 790. |
Partnership AcdAccountancy-Il-PSEB XII (Part(a) That C is to bring in 15,000 as capital and 5,000 as premium for goodwill for(b) That the value of stock is to be reduced by 10% while value of Plant and Machinery364On that date Cis admitted into the partnership on the following terms:share.48. AaposCapitalBSundry CGeneralto be appreciated by 10%.(c) That furniture is to be reduced to 9,000.(d) That a provision for doubtful debts is to be created on Sundry debtors at 5% and 2is to be provided for due electricity bill.(e) Investment worth * 1,000 (not mentioned in the balance sheet) is to be taken inaccount.(f) A creditor of * 100 is not likely to claim his money and is to be written off.You are require to prepare Revaluation Account, Capital Accounts of Partners and BalanceSheet of new firm.(Ans. Profit on revaluation 800 ; Total of Balance Sheet 90,900 ; Capital A/cs A:33,480 ; B: *22,320; C:15,000)The Balance Sheet of A and B as on 31st March, 2020 is given below. The profit sharing47 |
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Answer» I am not interested Explanation: |
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| 791. |
Who will answer I will mark a brainlist put correct answer it's urgentENTER THE FOLLOWING TRANSACTIONS IN JOURNAL 2014 Jan 24 withdrawn cash for personal use Jan 26 Salary paid in Advance to Surjeet 2.500Jan 28 Rajesh made the payment on A/C 10,000Jan 28 cash sales for the Month 16 5000 |
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Answer» Jan 24. DRAWINGS A/c dr. to CASH A/c Jan 26. advance salary A/c dr. to surjeet A/c Jan 28. cash A/c. dr. to RAJESH A/c
jan 28. cash A/c. dr. to sales A/c |
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| 792. |
Anwar and Benoy are partners in a firmsharing profits and losses in the ratio 5:3.Their capital balance as on 1st January2014 - Anwar Rs 40,000 and Benoy Rs30,000 .As per the agreement the partnersare entitled to 6% interest per annum ontheir capitals. On 1st June ,2014 Anwarhadwithdrawn Rs 5,000 and on 1st September2014 ,Benoy had withdrawn Rs 10,000 outof capitalCalculate the interest payable on thecapital of Anwar and Benoy during the yearended 31st December ,2014 |
Answer» INTEREST on capital is payable @ 6% p.a. B is entitled to a SALARY of Rs.3,000 per MONTH. Profit for ... Sajal and Kajal are partners sharing profits and losses in the ratio of 2 : |
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| 793. |
UCTION TO ACCOUNTING 1.37Nitish Kumar started business with cash 80.000, furniture 40,000 and stock 50,000. Hepurchased goods costing * 90,000 at a trade discount of 20% on credit from PervezMusharaf. He sold goods of the list price of 80.000 at a trade discount of 25% to Akhilesh.He borrowed from bank 30,000 for 9 months. He paid the school fees of his son from thebusiness * 4,000. A case of 1,00,000 is pending against Nitish Kumar in the court of law.Placed an order with Suresh Kalmadi for the purchase of goods 50,000.(i) What is the amount of capital?Who is the creditor and what is the amount payable to creditor?(iii) Who is the debtor the what is the amount of debtors ?(iv) What is the trade discount on purchases and sales ?What are the current liabilities ?(vi) What is the amount of drawings?(vii) What is the amount of contingent liabilities?fy) Placing an order with Suresh Kalmadi is a business transaction or not?non hank balance 36,000 and furniture 30,000(v) |
Answer» ANSWER:Answer:BHAI PLEASE TYPE IN SMALL |
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| 794. |
3. A and B are partners sharing profits and losses in the ratio of 3:2. They admit C into the firm for 1/4thshare in profits which he takes 1/6th from A and 1/2th from B. C brings in only 60% of his share of firmsgoodwill. Goodwill of the firm has been valued at 1,00,000. Pass necessary journal entries to record thisarrangement. |
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Answer» |
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| 795. |
Purchased equipment for rs 10000 and furniture for rs 20000 by paying rs 6000 cash and a promissory note for the remainderJournal entry for this? |
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Answer» Answer: I can TELL you it's format:- ___________________________________ S.NO | PARTICULARS | DBT | CR. | | | | | | | | | | | | | | | | | | | | | | | | | | | ___________________________________ |
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| 796. |
2.the most common specialised fields Accounting practice are?a.environmental accounting and financial accountingb.managerial accounting and financial accountingc.managerial Accounting and tax accountingd.financial Accounting and accounting systems |
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Answer» |
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| 797. |
Ahuja and Barua are partners in a firm sharing profits and losses in the ratio of3:2. They decide to admit Chaudhary into partnership for 1/5 share of profits,which he acquires equally from Ahuja and Barua. Goodwill is valued atRS. 30,000. Chaudhary brings in Rs. 16,000 as his capital but is not in aposition to bring any amount for goodwill. No goodwill account exists in booksof the firm. Goodwill account is to be raised at full value. Record the necessaryjournal entries. Give Solution |
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Answer» Answer: 3:2. They decide to ADMIT Chaudhary into partnership for 1/5 SHARE of profits, which he acquires equally from Ahuja and Barua. Goodwill is valued at RS. 30,000. Chaudhary brings in Rs. 16,000 as his capital but is not in a position to bring any amount for goodwill. No goodwill ACCOUNT exists in books of the firm. Goodwill account is to be raised at full value. Record the necessary journal ENTRIES. Give Solution |
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| 798. |
(KVS 2006(iv)Pasthe(ii) Furniture worth 5,000 purchased from X on credit omitted from being recorded(1) 500 spent on building repairs has been debited to the Building Account(iv) Goods purchased from Mohan for 5,000 was passed through Returns Inward Burk(vi) Bills payable of * 5,000 accepted in favour of Murari, was passed through bi(1) A purchase of goods from David amounting to 150 has been wrongly passed throu(ii) A credit sale of goods of * 120 to Peter has been wrongly passed through to() Cash received26. How will you rectify the following errors?the books.(iii) Total of Returns Inward Book was added by * 200 instead of * 250.(v) Goods returned to Ram was passed through Sales Book.receivable book with 500 but Murari's account was correctly debited27. Pass Journal entries to rectify the errors in the following cases:the Sales Book.31. Tridifer(Purchases Book.(ii) 200, salary paid to Cashier, B. Naidu, stands wrongly debited to his Personal Aeon(iv) A credit sale of 4,230 to Krishan entered as purchase from Kishan 4,320.(U) Ramesh's Account was credited with 840 twice instead of once.[Hint: (iv) Dr. Krishan: * 4,230; Kishan: 4,320.Cr. Sales A/c: 4,230; Purchase A/c: * 4,320.]32.1. |
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| 799. |
Internal users of accounting information include: tick the correct option1.management2.creditor3.customer4social responsibility group |
Answer» MANAGEMENT ...PLZ MAKE it BRAINLY............ |
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| 800. |
01.which of the following does not describe Accounting?a.language of businessb.useful for decision makingc.is an end rather than a mean to an endd.financial accounting and accounting system |
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