This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 8251. |
Banking transactions. pass necessary journal enteris for the following transactions |
| Answer» TION:I am not UNDERSTANDING your QUESTION | |
| 8252. |
Explain the provision of levy and collection under GST Act. |
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Answer» As per ARTICLE 265 of The Constitution of India no tax shall be imposed or collected except by the authority of any Law. The CHARGING section is the must in any Taxing Law for LEVY( impose) and collection (payment) of TAXES. ... Under the GST regime, the taxable event is supply of goods or services or both. |
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| 8253. |
M and N partners sharing profit in the ratio 2:3. at the time os dissolution toatal liabilities are ra 1.5lakh and total asset are 7.5lakh amount realized on sale of assets is 6.3lakh and realization expenses are 7500. prepare realization account |
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Answer» you had Asked this QUESTION second TIME !!!!!!!!mark me as BRAINLIST plz be my FOLLOWER |
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| 8254. |
UN Change) Ex. 14. A trader purchases goods both on cash as well as on credit terms. The following particularsare obtained from the books.Total PurchasesCash PurchasesPurchases ReturnsCreditors at the endBills Payable at the endReserve for Discount on CreditorsCalculate Average Payment Period.Take 365 days in a year.(Ans. 275 days)>3.00.00030.00051.0001,05,00060.0008.000 |
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Answer» IT'S VERY BIG I DON'T UNDERSTAND I'M SORRY |
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| 8255. |
What is ledger in accountancy |
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Answer» Here you GO ...EXPLANATION:A general ledger represents the record-keeping system for a company's financial data with debit and credit ACCOUNT RECORDS validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company. |
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| 8256. |
What is concept of disability?. |
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Answer» A disability is any CONTINUING of a condition that restricts everyday activities. The Disability SERVICES act (1993) DEFINES 'disability' is MEAN as disability: Which is attributable to an intellectual, psychiatric,cognitive,cognitive, NEUROLOGICAL,sensory or physical impairment or a combustion of those impairments...................I hope this is helpful .. |
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| 8257. |
A, B, C and D were partners sharing profits in the ratio of 1:2:3: 4. D retired and his share was acquired by A and B equally. Goodwill wasvalued at 3 years' purchase of average profits of last 4 years, which were 40,000. |
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| 8258. |
From the following particulars, prepare Bank Reconciliation Statement as on 31st March, 2019: Balance as per Pass Book on 31st March, overdraft balance Rs.80,000Cheque drawn on 25th March, 2019 but not presented for payment till April 2019 Rs.15,000, Rs.5000 and Rs.8000.Interest on bank overdraft not entered in the Cash Book Rs.2,000.Outstation cheque Rs.30,000 deposited into bank but collected in April, 2019.Rs.10,000 Insurance Premium paid by the bank as per trader’s standing instructions has not been entered in the cash book.Chamber of commerce fee Rs.3000 paid by the bank for traders but not recorded in the cash book.Collection charges of Rs.1000 charged by bank but not entered in the Cash Book.Bill of Rs.5000 discounted dishonoured but not recorded in the cash book. |
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Answer» don't ASK sooo big questionExplanation:A person may be getting enough food to eat, but SOMETIMES the food may not contain a particular nutrient. If this continues over a long period of time, the person may suffer from its DEFICIENCY. Deficiency of one or more nutrients can cause diseases or disorders in our body. Diseases that occur due to lack of nutrients over a long period are called deficiency diseases. If a person does not get enough proteins in his/her food for a long time, he/she is likely to have stunted growth, swelling of face, discolouration of hair, skin diseases and diarrhoea. If the DIET is deficient in both carbohydrates and proteins for a long period of time, the growth may stop completely. Such a person becomes very lean and thin and so weak that he/she may not even be able to move. Deficiency of different vitamins and minerals may also RESULT in certain diseases or disorders |
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| 8259. |
SHORT ANSWERDefine accounting |
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Answer» ⭐The PROCESS of KEEPING FINANCIAL ACCOUNTS is ACCOUNTING |
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| 8260. |
Article Which X powers for collect the tax |
| Answer» PLEASE FOLLOW me and MARK me BRAINALIST | |
| 8261. |
WHAT IS THE FULL FORM OF NEWS. |
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Answer» north EAST west southExplanation:please MARK me as BRAINLIEST answer |
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| 8262. |
Q.2 Ram and Mohammad are partners in a firm sharing profits and losses equally. Their Balance Sheet as at 31 March, 2013 was: LiabilitiesBank Overdraft Employees Provident Fund CreditorsWorkmen Compensation ResenProfit & Loss A/c Capitais AlcsRam MohammadAmount Assets30000 Cash 6000 Debtors20000 Less: Provision for D/D20000 StockInvestments 20000 Furniture and Fixtures MachineryBuilding400000 Advertisement Suspense Ala496000[10] Amount400072000 30000120000 30000 90000130000 200004960001,80,000 220.000On 1 April 2013, they admitted Jesus for 1/5 share in profits. The other terms of agreement were: (1) Jesus was to bring Rs. 2,00,000 as his share of goodwill and necessary amount for goodwill. Goodwill of the firm to be valued at Rs. 4,50,000.(2) A liability of Rs. 2,500 which was not included in creditors, now it is to be made. (3) Provision for Doubtful Debts is to be maintained at 5%(4) Market value of investment were Rs. 1,12,000 and Investments werevalued at their market value.(5) Building was to be appreciated by Rs. 50,000. Furniture & Fixture and Machinery was to be depreciated by 8%. You are required to prepare the Revaluation Account, Partners Capital Account and the Balance Sheet of new firm. |
| Answer» SIN SOON submissionssoon | |
| 8263. |
Perpare partner capital account and crunnet account |
| Answer» HI there plz MARK my ANSWER as brainliest plz plz plz plzzzzzz plz plzzzzzz plz plzzzzzz plz plzzzzzzExplanation:jsjsjbsbsbbejdkskdjbdbnensklosyd w7s7rlhhlxistizhlccjcyositstxhcjv | |
| 8264. |
Aman, Bobby and Chandani were partners in a firm sharing profits and losses in the ratio of 5 : 4 : 1. From 1st April, 2018 they decided to share profits equally. The revaluation of assets and re-assessment of liabilities resulted in a loss of ₹ 5,000. |
| Answer» TION:I don't KNOW this ANSWER | |
| 8265. |
ase rectification entries and prepare suspence account :- 1) interest received rs.500 was by mistake posted to interest account rs.600 |
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Answer» hejdujxi8fidhejxidioxijckfkk |
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| 8266. |
सार्वजनिक क्षेत्र के बीमार इकाइयों पुनर्रचना....... के द्वार कि जाती है |
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Answer» bduudfxjeuejeeueeieheyeiwjdhduuf vgugyExplanation:#&-^-^#&@€-;#&-&'€#^@^ |
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| 8267. |
Pls help account questions dk goel book class 11th |
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Answer» dnejdhxbhsyedyedywhwsusueheuyehueuehhsushsbshsusdhdhd |
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| 8268. |
How is it calculated? |
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Answer» what is CALCULATED.... what are you asking MATE...PLS follow me GUYS.... |
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| 8269. |
રણ 20 : નીચે એક ફેક્ટરીના બે કામદારો વિશે માહિતી આપેલી છે : વિગતકામદાર Aકામદાર 8કાર્ય પૂરું કરવા લાગતોસરેરાશ સમય (મિનિટ)3025પ્રમાણિત વિચલન (મિનિટ)64કયા કામદારના કાર્ય પૂરું કરવા લાગતા સમયમાં વધુ સાપેક્ષ પ્રસાર છે ?151 |
| Answer» TION:LANGUAGE ❌️❌️❌️❌️❌️ | |
| 8270. |
BRS from the following particulars Bank OD as per cash book rs. 80.000Cheques deposited in bank but no entry was passed in the cash book rs. 3000,Cheques received but not sent to bank rs. 10.000.Credit side of bank column cash short rs. 1000.Insurance premium paid directly by bank as per standing advice rs. 5000,Bank charges entered in cash book twice rs. 100.n. Cheques returned back but no entry passed rs. 4000.1. Cheques issued returned back on account of technical grounds rs. 3000,. Bills directly collected by bank rs. 20,000.p. Bank charges debited by bank rs. 120.9. Cheques received entered twice rs.5000.r. Bills discounted dishonored rs. 40.000. |
| Answer» EXPLANATION:so,........................? | |
| 8271. |
In their old profit sharing Idulu) R Illustration 22(B). A, B, C and D were partners sharing profits in the ratio of1:2:3: 4. D retired and his share was acquired by A and B equally. Goodwill wasvalued at 3 years' purchase of average profits of last 4 years, which were 40,000.General Reserve showed a balance of 1,30,000 and D's Capital in the BalanceSheet was 3,00,000 at the time of D's retirement. You are required to recordnecessary journal entries in the books of the firm and prepare D's capital accounton his retirement,(C.B.S.E., Sample Paper 2016 and 2017) |
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Answer» e,....(^_^)HERE IS UR ANSWER... REFER TO THE ATTACHMENT GIVEN.. |
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| 8272. |
6. (Journal Entries) Journalise the following transactions in the books of Sudhir : 2016Jan. 1 Sudhir having no capital of his own started business with 50,000 borrowed from his friend Shiva @ 10% pa.Jan 5 Purchased goods for 5,000.Jan 12 Received invoice at 10% trade discount from Rohit and Sons and supplied these goods to Madan, listed at73.000Jan 20 Madan is declared insolvent and 25% is recovered in full settlement.Jan. 25 Purchased goods for 1,000 from Nanda and supplied it to Halen for 1,300. Halen returned goods worth 390,which in turn returned to NandaFeb. 9 Bought a horse for 1,500 and a cart for 2,000 for delivering goods to the customers.Feb. 25 The horse bought on Feb. 9 died and its carcase was sold for 200.Feb. 28 Supplied goods for 300 to Sudhir for domestic use.March 3 300 were paid to Mohan out of business funds for the repair of Sudhir's residential house, |
| Answer» CASH a/c to CAPITAL.....50000int on capital to capital....5000purchase a/c to cashMadan to SALES | |
| 8273. |
On intra state purchase of goods, which of the following GST is leveld? CGSTSGSTCGST and SGSTSGST and IGST |
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Answer» CGST AND SGSTExplanation:CENTRAL goods and SERVICES taxandstate goods and services TAXIN equal proportions |
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| 8274. |
Som Ltd invited applications for issuing 60,000 equity shares of Rs 100 each at a premium of Rs 50 per share. The amount was payable as follows On application Rs 75 per share (including Rs 25 premium) On allotment Rs 50 per share (including Rs 25 premium) On first and final call Balance amount Applications for 55,000 shares were received. Allotment was made to all applicants and the company received all money due on allotment except ‘K’ who was allotted 500 share .‘Lr to whom 300 shares were allotted, failed to pay the first and final call. His shares were also forfeited. 300 shares of ‘K’ and 200 shares of ‘L’ were re-issued for 75,000 fully paidup.pass necessary journal entries in the books of Som Ltd for the above transactions and show the share capital in the balance sheet of the company as per Revised Schedule VI Part I of the Companies Act, 2013. |
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Answer» Bojhena Se BojhenaAranya and Pakhi on the roadS3 E258 Mar 2014RomanceBengaliStar JalshaPGPakhi asks SHARAD to not WORRY about her. Krishnendu is angry on learning that Pakhi is with Aranya. Meanwhile, Pakhi tells the DHABA owners that she had emptied the fuel tank of the car. An angry Aranya DECIDES to HEAD towards Bolpur alone and asks Pakhi to return to Kolkata.Pakhi asks Sharad to not worry about her. Krishnendu is angry on learning that Pakhi is with Aranya. Meanwhile, Pakhi tells the dhaba owners that she had emptied the fuel tank of the car. An angry Aranya decides to head towards Bolpur alone and asks Pakhi to return to Kolkata.create your dare Who knows Gorima best?Angela10/10Ridhima10/10 Sayan9/10Nobel9/10Tisha9/10Ridhima8/10BibekNandi7/10Ridhima6/10Toru4/10Shreyu3/10Hiuccu3/10Adrija3/10Tisha1/10 |
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| 8276. |
7. From the following information and Receipts & Payments A/c of Rd Club prepare an Income & Expenditure Ne for the year ended, 2008 (10)ReceiptsTo Balance bidTo Subscriptions2007200812662009Receipts & Payments AccountAmt (Rs)Payments600By salariesBy stationaryBy rates and taxesBy telephoneBy investments1338By advertisements945By postage112By Sundries1485By Balance eld3.480Amt (Rs)1.245240360607501052003501703.480To Profit from CanteenTo sales of old newspapersDividendsYou are required to prepare an Income & Expenditure Account after making the followingadjustments(a) There are 450 members each paying an annual subscription of Rs 3, Rs 27 being in arrears for2007 at the beginnung of this year.(b) Stock of stationary on 31“ December, 2007 was Rs 30 and on 31" December, 2008 was Rs 54(c) Cost of building is Rs 6,000 and depreciation at 5% is to be provided thereon.HDD |
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| 8277. |
Bought machinary worth rs 5000 |
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Answer» machinery AlC. Dr 5000 to cash/ BANK AlC 5000( being machinery purchased)EXPLANATION:JOURNAL entry is answered |
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| 8278. |
mr.pankaj jain, a citizen of USA came in india for the first time,on his appointment as a managerof Thomas Cook &co. on 1st May 2104 he was transferred to singapure for three years . He come back to India on 2nd March 2017 and joins his original firm M/S Thomas Cook & co .as a manager since then he is in india. |
| Answer» HII Explanation:what is ur QUESTION in can't UNDERSTAND please send it back again | |
| 8279. |
Vinod, Sunita and Simran are partners in a firm sharing profits in the ratio of 3:2:1. They decided to share profits equally w.e.f April 1, 2014. On that date the profit and loss account showed the credit balance of Rs.60,000 and a balance of Rs.30,000 in general reserve. Instead of closing profit and loss account, it was decided to record an adjustment entry reflecting the change in the profit sharing ratio. Give necessary journal entry to give effect to the same. |
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Answer» tion:OLD Ratio. 3:2:1New Ratio. 1:1:1Sacrificing/gaining ratioVinod. 3/6-1/3=1/6 (Sacrificing)Sunita. 2/6-1/3=NilSimran. 1/6-1/3= -1/6(gaining)P&L(credit). 60,000Gen. Res. 30,000 90,000Simran A/c. DR. (1/6 of 90,000). 15,000 To VINOD A/c (1/6 of 90,000). 15,000 |
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| 8282. |
6. What is Sacrificing ratio? How is it calculated? |
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Answer» Apne MUKHYMANTRI KA KYA naam HAI |
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| 8283. |
The following information about Delhi club and make receipt and payment account for the year ended 31.03.1998 and income and expenditur account and also make balance sheet आई वांट आंसर |
| Answer» PLEASE MENTION the QUESTION PROPERLY | |
| 8284. |
(c) Interest on Partners' Loan |
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Answer» To INTEREST on Loan A/c (Being interest on loan TRANSFERRED to P & L A/c) It is always DEBITED to Profit and Loss A/c RENT PAID to a partner is also a charge against profits and it will also be DEBITED to Profit and Loss A/c. |
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| 8285. |
Capital account is natural personal account . true or falseplz fast !!! |
| Answer» CAPITAL account is the account of a NATURAL PERSON, i.e. an account of person who is alive. HENCE, it can be classified as a PERSONAL account.Explanation: | |
| 8286. |
Bank accunt is 1 pointONatural personal accountArtificial personal accountОООO Representative personal accountReal account |
| Answer» TION:REAL ACCOUNT is CORRECT | |
| 8287. |
Endowment fund is created every month or a year.. |
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Answer» wment FUND is an investment fund established by a FOUNDATION that makes consistent withdrawals from invested CAPITAL.The capital or the MONEY in endowment fund is used by universities, nonprofit organisations, churches and HOSPITALS. |
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| 8288. |
Cash payment to and on behalf of employees is : कर्मचारियों को और की ओर से किया गया नकद भुगतान है(1) Financing activityवित्तीयन क्रिया(2) Investing activityविनियोजन क्रिया(3) Operating activityपरिचालन क्रिया(4) None of the threeतीनों में से कोई नहीं(24) |
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Answer» I I SHAH rukh K I han and I will be in the day and night at our place to stay in TOUCH with me and my HUSBAND is out of the day of the day of school and I will be |
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| 8289. |
What is an assets? |
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Answer» In financial accounting, an ASSET is any RESOURCE owned by a BUSINESS or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that COULD produce POSITIVE economic value. |
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| 8290. |
Capital, State true or ta In accounting, business is assumed to last forever. State true or false |
| Answer» TRUE... it is GOING CONCERN ASSUMPTION | |
| 8291. |
Cash from operations will be if: परिचालन से रोकड़ होगी यदि :Total Sales ₹ 5,00,000, Credit Sales ₹ 2,25,000, Total Purchase ₹ 2,48,000,Credit Purchases ₹ 1,08,000, Cash Operating Expenses ₹ 40,000कुल विक्रय ₹ 5,00,000, उधार विक्रय ₹ 2,25,000, कुल क्रय रे 2,48,000, उधार क्रय र 1,08,000,रोकड़ परिचालन व्यय ₹ 40,000(1) ₹ 1,30,000(2) ₹ 1,90,000(4) ₹95,000(3) ₹2,12,000 |
| Answer» ANSWER is 95000 EXPLANATION:any DOUBT PLEASE ASK | |
| 8292. |
The assets are of Rs. 15,000 and outside təbilities are Rs 6,000. So, what will be the total capital of the Firon?Hepare "Accounting Equation from the following:(3) |
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Answer» MS KP MM Corporation is a manufacturer that produces cosmetics. The following information hasbeen taken from the company’s production, sales, and cost records for the just completed year:Production in units 100,000Sales in units ?Ending FINISHED goods Inventory in units ?Sales in Rupees Rs 2,000,000Costs :Other selling and administrative expenses Rs 40,000Other factory overhead costs Rs 22,000Selling and administrative salaries Rs 240,000Maintenance Factory Rs 50,000Utilities factory Rs 60,000Building Rent (Production Uses 80% of the Space; administrative and salesoffices use the rest)Rs 100,000Royalty PAID for use of Production patent, Rs 0.5 per unit produced) ?Rent for special production equipment, Rs 5000 per year plus Rs 0.2 perunit produced)?Insurance factory equipment Rs 20,000Cleaning supplies, factory Rs 10,000Depreciation Factory Rs 18,000Advertising cost Rs 600,000Direct labor Rs 80,000Indirect labor Rs 20,000Property taxes, factory Rs 10,000Raw material PURCHASED Rs 200,000Inventories Beginning of year End of yearFinished goods Rs. 0 ?Work in process Rs 50,000 Rs 60,000Raw materials Rs 20,000 Rs 10,000The finished goods inventory is being carried at the average unit production cost for the year. Theselling price of the product is Rs 32 per unit.Required:A. Prepare a Cost of Goods Manufactured Statement for the year. (2.5 Marks)B. Compute the number of units and cost of units in the finished goods inventory at the end of the year.(2 Marks)C. Prepare an INCOME Statement for the year under Absorption costing Method. (2.5 Marks)D. Compute the following cost: (2 Marks)i. Prime costii. Conversion costiii. Inventoriable costiv. Non-Manufacturing costE. Prepare T accounts of the following (1 Marks)i. Work in processii. Finished goods |
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| 8293. |
In india accounting standards are issused by |
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Answer» vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvExplanation: |
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| 8294. |
4 Explain the rules applicable in the absence of Partnership Deed, in case of the following (b) Profit & Loss Sharing Ratio, |
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Answer» Sharing of profits and LOSSES: If the partnership deed is silent on sharing of profit or losses among the PARTNERS of a firm, then according to the Partnership Act of 1932, profits and losses are to be SHARED EQUALLY by all the partners of the firm.Explanation:MARK as brainliests |
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| 8295. |
H) The Internet has assisted in decreasing the ....reports to users.ups outside the busin |
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Answer» tion:The Internet has ASSISTED in decreasing the TIME GAPreports to users. HOPE IT WAS HELPFUL PLZZZZ MARK as BRAINLIST |
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| 8296. |
Debentures? Which one of the following is a merit for the investors when investing inविनियोगकर्ता के लिए निम्नलिखित में से कौन-सा गुण है जब ऋणपत्रों में विनियोग करता है ?(1) Stable returnस्थिर प्रत्याय(2) Fixed maturityनिश्चित परिपक्वता(3) Protected by Debenture Trust Deedऋणपत्र विलेख द्वारा सुरक्षित(4). All of the threeतीनों में सभीnar |
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| 8297. |
pass necessary journal entries for the following transactions 2020 April 1 goods withdrawn by owner of rs 1,000 for personal use.april 2 goods distributed as sample rs500.april 3 goods given as charity rs 300.april 4 timber used for making office furniture rs 5,000 (assume that the firm is a timber merchant). April 5 goods destroyed by fire rs 3,500. April 6 goods lost in transit rs 2,000 |
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Answer» 1.drawing Drto purchase a/c 2.advertisement ..Drto purchase ac3.charity ...Drto purchase a/c 4.furniture ..Drto cash a/c5goods DESTROY by FIRE ...Drto purchase 6goods lost in TRANSIT ..Drto purchase .. |
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| 8298. |
What is meant by reconstitution of partnership firm |
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Answer» The partnership is an agreement between two or more PERSONS for sharing the profits of a business carried on by all or any one of them ACTING for all. Any change in the existing agreement is known as reconstitution of the partnership firm. Reconstitution of partnership frim generally refers to any change in the existing partnership firm. this change could be anything LIKE change in structure of the firm , change in the profit sharing ratio, admission or exit of a partner, change in reconstitution of the business, change in registered address etc.In this reference a supportive partnership deed commonly know as supplementary deed will be draft referring the ORIGINAL one containing amendments which results the reconstitution of the partnership firmExplanation:HOPE this helps you outMark it as brainliest |
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| 8299. |
(b) Profit & Loss Sharing Ratio |
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Answer» tion:A and B share PROFITS and LOSSES in the ratio of 3 : 1, C is admitted into PARTNERSHIP for 1/4 share. The sacrificing ratio of A and B is: (a) equal (b) 3 : 1 (c) 2 : 1 (d) 3 : 2. |
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| 8300. |
A,B and C are partners sharing profits and losses in the ratio 2:3:4. They decided to share future profits and losses in the ratio 4:3:2. They also decided to record the effect of the following without affecting their book vakue General reserve 40000Profit and loss 20000Advertisement Suspense 15000 |
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Answer» A,B and C are partners sharing profits and losses in the ratio 2:3:4. They decided to share future profits and losses in the ratio 4:3:2. They also decided to RECORD the effect of the following without affecting their book vakue General reserve 40000Profit and loss 20000Advertisement Suspense 15000 |
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