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The capital accounts of Moli and Golu showed balances of Rs 40,000 and Rs 20,000 as on April 01, 2016. They shared profits in the ratio of 3:2. They allowed interest on capital 10% p.a. and interest on drawings, 12 p.a. Golu advanced a loan of Rs 10,000 to the firm on August 01, 2016. During the year, Moli withdrew Rs 1,000 per month at the beginning of every month whereas Golu withdrew Rs 1,000 per month at the end of every month. Profit for the year, before the above mentioned adjustments was Rs 20,950. Calculate interest on drawings show distribution of profits and prepare partner’s capital accounts.

______________ means cash, cash equivalents and other assets which can be easily converted to cash.

The
rate constant for the decomposition of N₂O₅
at
various temperatures is given below:

T/°C	0	20	40	60	80
	0.0787	1.70	25.7	178	2140

Draw
a graph between ln k
and 1/T
and
calculate the values of A
and E_a.

Predict
the rate constant at 30º and 50ºC.

________________ is the time between the acquisition of assets for processing and their realisation in cash or cash equivalents.

Following is the Receipt and Payment Account of Women’s Welfare Club for the year ended December 31, 2017:

Additional Information:

Prepare Income and Expenditure Account for the year ended December 31, 2017 and Balance Sheet as on that date.

In case, all the partners or all except one partner become insolvent or insane, such dissolution is known as __________

What are the features
of Receipt and Payment Account?

The claim of the retiring partner is payable in which of the following form(s)?

Asin and Shreyas are partners in a firm. They admit Ajay as a new partner with $\frac{1}{5}$ share in the profits of the firm. Ajay brings Rs 5,00,000 as his share of capital. The value of the total assets of the firm was Rs 15,00,000 and outside liabilities were valued at Rs 5,00,000 on that date. Give the necessary Journal entry to record good will at the time of Ajay's admission. Also show your workings.

Share application account shows the balance of ___________.

Radha Ltd. purchased machinery worth Rs 4,00,000 from Krishna Ltd on 1st April 2017. Rs 1,00,000 were paid immediately and the balance was paid by issue of Rs 2,80,000 $12\%$ debentures in Radha Ltd. Pass the necessary journal entries for recording the transactions in the books of Radha Ltd.

X and Y are partners in a firm sharing profits and
losses in 4:3 ratio. They admitted Z for 1/8 share. Z brought Rs.
20,000 for his capital and Rs. 7,000 for his 1/8 share of goodwill.
Subsequently X, Y and Z decided to show goodwill in their books at
Rs. 40,000. Show necessary journal entries in the books of X, Y and
Z?

Which of the following is a final and intermediate expenditure?

(a) Purchase of furniture by an office firm

(b) Expenditure on the uniforms of the staff of the hospital

(c) Expenditure on the repair and maintenance of office building

(d) Expenditure on the improvement of machinery in a factory

OR

Calculate wages and salaries from the following data:

$GD{P}_{mp}$ = 4200

Depreciation = 150

NIT = - 40

Rent royalty interest = 1650

Profits = 300

Employers contribution to social security scheme = 50

Employees contribution to social security scheme = 250

Dearness allowance = 140

Mixed income = 2000

Interest Expense will be classified under :

Which of the following is generally considered as a non profit organisation?

A company issues the following debentures:

(i) 10,000, 12% debentures of Rs 100 each at par but redeemable at premium of 5% after 5 years;

(ii) 10,000, 12% debentures of Rs 100 each at a discount of 10% but redeemable at par after 5 years;

(iii) 5,000, 12% debentures of Rs 1,000 each at a premium of 5% but redeemable at par after 5 years;

(iv) 1,000, 12% debentures of Rs 100 each issued to a supplier of machinery costing Rs 95,000. The debentures are repayable after 5 years; and

(v) 300, 12% debentures of Rs 100 each as a collateral security to a bank which has advanced a loan of Rs 25,000 to the company for a period of 5 years.

Pass the journal entries to record the: (a) issue of debentures; and (b) repayment of debentures after the given period.

From the following information prepare a Comparative Statement of Profit & Loss of Victor Ltd. :

$\begin{array}{ccc}& \mathrm{31.03.2017}& \mathrm{31.03.2016}\\ & \text{Rs.}& \text{Rs.}\\ \text{Revenue from Operations}& 18,00,000& 15,00,000\\ \text{Cost of Materials Consumed}& 14,00,000& 11,00,000\\ \text{Other Expenses}& 12\%\text{of Materials}& 10\%\text{of Materials}\\ & \text{Consumed}& \text{Consumed}\\ \text{Income Tax}& 50\%& 40\%\end{array}$

What is meant by right issue of shares ?

In a business, $A$ and $C$ invested amounts in the ratio $2:1,$ whereas the ratio between amounts invested by $A$ and $B$ was $3:2.$ If $\text{Rs.}16900$ was their profit, then how much amount did $B$ receive?

What change does profit makes to capital?

(a) Goodwill of the firm be valued at ₹ 24,000. C's share of goodwill be adjusted into the account of A and B who are going to share in future in the ratio of 3 : 2 .

(b) Plant and Machinery to be depreciated by 10% and Furniture by 5%.

(c) Stock to be appreciated by 15% and Factory Building by 10%.

(d) Provision for Doubtful Debts to be raised to ₹ 2,000.

You are required to pass journal entries to record the above transactions in the books of the firm and show the Profit and Loss Adjustment Account , Capital Account of C and the Balance Sheet of the firm after C's retirement.

The following is the trail balance on Swati on 31st March,2016.

$\begin{array}{ccc}\text{Name of Accounts}& \text{Debit (Rs.)}& \text{Credit (Rs.)}\\ \text{Purchases}& 3,00,000& \\ \text{Debtors}& 4,00,000& \\ \text{Interest Earned}& & 8,000\\ \text{Salaries}& 60,000& \\ \text{Sales}& & 6,42,000\\ \text{Purchases Return}& & 10,000\\ \text{Wages}& 40,000& \\ \text{Rent}& 30,000& \\ \text{Sales Return}& 20,000& \\ \text{Bad Debts Written-off}& 14,000& \\ \text{Creditors}& & 2,40,000\\ \text{Capital}& & 2,00,000\\ \text{Drawings}& 48,000& \\ \text{Provision for Doubtful Debts}& & 12,000\\ \text{Printing and Stationery}& 16,000& \\ \text{Insurance}& 24,000& \\ \text{Opening Stock}& 1,00,000& \\ \text{Office Expenses}& 24,000& \\ \text{Furniture and Fittings}& 40,000& \\ \text{Provision for Depreciation}& & 4,000\\ & \overline{\underset{–}{\underset{–}{11,16,000}}}& \overline{\underset{–}{\underset{–}{11,16,000}}}\\ & & \end{array}$

Prepare the trading and profit and loss account for the year ended 31st March, 2016 and the balance sheet as at that date for making the following adjustments.

(i) Depreciation furniture and fittings by 10% on original cost.

(ii) Make a provision for doubtful debts equal to 5% of debtors.

(iii) Salaries for the month of March amounted to
Rs. 6,000 were unpaid which must be provided for. The balance in the account includes Rs. 4,000 paid in advance.

(iv) Insurance is prepaid to the extent of Rs. 4,000.

(v) Provide Rs. 16,000 for office expenses.

(vi) Stock valued a Rs. 12,000 were put up by Swati for her personal use, the cost of which has not been adjusted in the books of accounts.

(vii) Closing stock valued at Rs. 1,36,000 (net realisable value Rs. 1,20,000).