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Which price increases or decreases with the change in demand for the share?

Discuss
the need of preparing a balance sheet.

Pinki, Deepati and Kaku are partner’s sharing profits in the ratio of 5:4:1. Kaku is given a guarantee that his share of profits in any given year would not be less than Rs 5,000. Deficiency, if any, would be borne by Pinki and Deepti equally. Profits for the year amounted to Rs 40,000. Record necessary journal entries in the books of the firm showing the distribution of profit.

Amar and Samar were partners in a firm sharing profits and losses in 3 :1 ratio. They admitted Kanwar for $\frac{1}{4}$ share of profit. Kanwar could not bring his share of goodwill premium in cash. The goodwill of the firm was valued at Rs. 80,000 on Kanwar's admission. Record necessary journal entry for goodwill on Kanwar's admission.

Suppose a
bond promises Rs.500 at the end of two years with no intermediate
return. If the rate of interest is 5 per cent per annum what is the
price of the bond?

A, B and C were partners. Their capital were Rs 30,000, Rs 20,000 and Rs 10,000 respectively. According to the partnership deed, they were entitled to an interest on capital at 5%. p.a. In addition, B was also entitled to draw a salary of Rs 500 per month. C was entitled to a commission of 5% on the profit after charging the interest on capital but before charging the salary payable to B. The net profit for the year was Rs 30,000 distributed in the ratio of their capitals without providing for any of the above adjustment. The profits were to be shared in the ratio of 2 : 2 : 1. Pass the required adjustment entry and show the working.

In case of a partnership, “___ Account” is created to demonstrate the change in each partner’s individual capital as a result of profit or loss incurred by the firm.

When debentures are issued as a collateral security & No journal entry is made in the account books at the time of issue of such debentures, then debentures are shown by way of ___

Capital work-in-progress is shown under ___

From the following Balance Sheet of Computer India Ltd., prepare cash flow statement.

Notes to Accounts

Additional Information:

Interest paid on Debenture Rs. 600

Ashok, Brijesh and Cheena are partners sharing profits and losses in the ratio of 2:2:1. Ashok and Brijesh have gurarateed that Cheena share in any year shall not be less than Rs 20,000. The net profit for the year ended March 31, 2006 amounted to Rs 70,000. Prepare profit and loss appropriation account.

When the company received the call money from shareholder which is not yet called. This is known as ?

From the following Receipt and Payment Account of Jan Kalyan Club, prepare Income and Expenditure Account and Balance Sheet for the year ending March 31, 2017.

Additional Information:

Future Value after 3 year = 3,00,000. The rate is 10 %. What is Present value today?

A. Ltd. issued 90,00,000, 9% Debenture of Rs 50 each at a discount of 8%, redeemable at par any time after 9 years. Record necessary entries in the books of A. Ltd.

X & Y are partners sharing profit in the ratio of 3: 2. Z is admitted as a new partner with 1/5th share. What shall be the sacrificing ratio ?

Goodwill is written off by debiting all the partners’ capital account in the ___

If the ratio of investment of A, B and C is 5:6:7 and the total investment is Rs.72000. Find the investment of A.

Financial planning arrives at

(a) minimising the external borrowing by resorting to equity issues

(b) entering that the firm always have significantly more fund than required so that there is no paucity of funds

(c) ensuring that the firm faces neither a shortage nor a glut of unusable funds

(d) doing only what is possible with the funds that the firms has at its disposal

__________________ governs the functioning of Indian companies specifies the preparation of the financials.

Mohan and Mahesh were partners in a firm sharing profit in the ratio of 3 : 2. On 1st April, 2012, they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan and Mahesh on that date was as under :

BALANCE SHEET OF MOHAN AND MAHESH

as on 1st April, 2012
$\begin{array}{ccccc}\text{Liabilities}& & \text{Amount}& \text{Assets}& \text{Amount}\\ & & \text{(Rs)}& & \text{(Rs)}\\ \text{Creditors}& & 2,10,000& \text{Cash in Hand}& 1,40,000\\ \text{Workmen's Compensation Fund}& & 2,50,000& \text{Debtors}& 1,60,000\\ \text{General Reserves}& & 1,60,000& \text{Stock}& 1,20,000\\ \text{Capital :}& & & \text{Machinery}& 1,00,000\\ \text{Mohan}& 1,00,000& & \text{Buildings}& 2,80,000\\ \text{Mahesh}& \underset{–}{80,000}& 1,80,000& & \\ & & \overline{8,00,000}& & \overline{8,00,000}\end{array}$

It was agreed that :

(i) The value of building and stock be appreciated to Rs 3,80,000 and Rs 1,60,000 respectively.

(ii) The liabilities of Workmen's Compensation Fund was determined at Rs 2,30,000.

(iii) Nusrat brought in her share of goodwill Rs 1,00,000 in cash.

(iv) Nusrat was to bring further cash as would make her capital equal to 20% of the combined capital of Mohan and Mahesh after above revaluation and adjustment are carried out.

(v) The further profit sharing ratio will be Mohan 2/5th, Mahesh 2/5th, Nusrat 1/5th. Prepare Revaluation Account Partners' Capital Account and Balance Sheet of the new firm. Also show clearly the calculation of capital brought by Nusrat.

OR

Kushal, Kumar and Kavita were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 1st April, 2012, their Balance Sheet was as follows:

BALANCE SHEET OF KUSHAL, KUMAR AND KAVITA
as on 1st April, 2012
$\begin{array}{cccccc}\text{Liabilities}& & \text{Amount}& \text{Assets}& & \text{Amount}\\ & & \text{(Rs)}& & & \text{(Rs)}\\ \text{Creditors}& & 1,20,000& \text{Cash in Hand}& & 70,000\\ \text{Bills Payable}& & 1,80,000& \text{Debtors}& 2,00,000& \\ \text{General Reserves}& & 1,20,000& \text{Less : Provision}& \underset{–}{10,000}& 1,90,000\\ \text{Capital :}& & & \text{Stock}& & 2,20,000\\ \text{Kushal}& 3,00,000& & \text{Furniture}& & 1,20,000\\ \text{Kumar}& \underset{–}{2,80,000}& & \text{Building}& & 3,00,000\\ \text{Kavita}& \underset{–}{3,00,000}& 8,80,000& \text{Land}& & 4,00,000\\ & & \overline{13,00,000}& & & \overline{13,00,000}\end{array}$

On the above date Kavita retired and the following was agreed.

(i) Goodwill of the firm was valued at Rs 40,000.

(ii) Land was to be appreciated by 30% and building was to be depreciated by Rs 1,00,000.

(iii) Value of furniture was to be reduced by Rs 20,000.

(iv) Bad debts reserve is to be increased to Rs 15,000.

(v) 10% of the amount payable to Kavita was paid in cash and the balance was transferred to her loan account.

(vi) Capital of Kushal and Kumar will be in proportion to their new profit sharing ratio. The surplus/deficit, if any, in their capital account will be adjusted through current accounts.

Prepare Revaluation Account, Partner's Capital Account and Balance Sheet of Kushal and Kumar after Kavita's retirement.

Name the head under which 'Discount on Issue of Debentures' appears in the Balance Sheet of a company.

To give effect to the treatment of goodwill, whose account shall be debited ?

The amount of compensation to the retiring partner is equal to the ___

Beginning Interest Payable − Ending Interest Payable + Interest Expense is equal to ___

What is meant by a debenture? Explain the different types of debentures?

From the following information, calculate inventory turnover ratio; Revenue from Operations (Sales) Rs. 16,00,000; Average Inventory Rs. 2,20,000; Gross Loss Ratio 5%.

Radha and Rukmani are partners in a firm sharing profits in 3:2
ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of
her share in favour of Gopi and Rukmani surrendered 1/4 of her share
in favour of Gopi. Calculate new profit sharing ratio?