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please FOLLOW me I hope it will help youMark in brain listExplanation:To FIND out the amount payable to retiring PARTNER, the following items are considered:Balance to his Capital ACCOUNT, as PER last Balance Sheet.Proportionate profit on revaluation.Share of goodwill.Interest on capital up to the date of retirement.Salary, if any, payable to him.

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te SOCIAL responsibility (CSR) is a company's commitment to manage the social, environmental and economic effects of its operations RESPONSIBLY and in line with public expectations. ... CSR activities may include: Company policies that insist on working with partners who FOLLOW ethical business practices.Please mark as the Brainliest Answer and give thanks.

(B) AmortisationExplanation:I HOPE it HELPS you

iska answer MAIN de DUNGA THODI der KE bad MujheExplanation:follow Kallu de dunga

In the accounting cycle, the last step is to prepare a post-closing trial balance. It is PREPARED to test the equality of debits and credits after closing entries are made. Since TEMPORARY accounts are already CLOSED at this POINT, the post-closing trial balance contains real accounts only.

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We have to PAY some more MONEY (TAX)

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INDIRECT METHOD:Indirect method of ascertaining CASH flow from operating activities BEGINS with the amount of NET PROFIT/loss. ... However, Statement of Profit and Loss is prepared on accrual basis (and not on cash basis)Explanation:Hope this helps you

Internal users are people within a business organization who use financial informationExamples of internal users are OWNERS, MANAGERS, and employees. EXTERNAL users are people outside the business ENTITY (organization) who use accounting INFORMATION.

Apr 1 repairing charges a/c. DEBIT To machineries Apr 2 machinery a/c debit To CASH a/cApr 3 carriage inwards a/c debit To cash a/cApr 4 machinery a/c debit To cash a/cApr 5 machinery a/c debit to cash a/cApr 6 machinery a/c debit to cash a/c

.RATE will be LOW to LEVEL up

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The difference between INCOME and EXPENSES is simple: income is the MONEY your business TAKES in and expenses are what it spends money on. Your NET income is generally your revenue, or all the money coming into your business, minus all of your expenses. If that number is positive, your business is making a profit

tion:Balance Sheet is one of the reports of a financial statement which provides the financial condition on a given date. An entity’s balance sheet provides a lot of information which can be used to analyse the financial stability and business performance. The balance sheet is a report version of the ACCOUNTING equation that is balance sheet equation where the total of assets always is equal to the total of liabilities PLUS shareholder’s capital.Assets = Liability + CapitalInvestors and creditors generally look at the balance sheet and infer as to how efficiently an entity can use its resources and assess the VALUE of their investments.The three important sections of any balance sheet are:Assets – This is a resource owned by an entity to produce positive economic value.Liabilities – This provides a list of debts an entity owes to others.Capital or Equity- This is the amount invested by the SHAREHOLDERS

The account Dividends (or Cash Dividends Declared) is a TEMPORARY, stockholders' equity account that is DEBITED for the amount of the dividends that a corporation DECLARES on its CAPITAL stock.Explanation:Please mark as brainliest

Pass the necessary JOURNAL entries for the following transactions: 2020 April 1 Deposited in bank for opening a Current Account April 2 Withdrawn from bank ............ April 5 Received a cheque from Ramesh to whom goods were sold for? 12,000 last year Allowed him 1% discount on payment April 7 Ramesh's cheque deposited in bank April 9 Ramesh's cheque dishonoured (bank charges 20) April 20 Ramesh settled his account by issuing cheque INCLUDING 60 for interest April 21 Cash directly deposited by Raja (Customer) in bank account April 23 Bank draft got issued in favour of M/s Lal & Sons 5,000. Bank charges 700 April 28 A bill of exchange of 4,000 (due after one month) discounted from bank for 3,800 April 30 | Bank charges debited by bank... April 30 Goods sold for cash 7,000 and half of the sale PROCEEDS deposited in bank 12,080.....Explanation:Please mark as brainliest......

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Accountancy Dk Goel 2019 Solutions for Class 11 Commerce Accountancy Chapter 1 Accounting EQUATION are provided here with simple step-by-step explanations. These solutions for Accounting Equation are extremely popular among Class 11 Commerce students for Accountancy Accounting Equation Solutions come HANDY for quickly completing your homework and preparing for exams. All QUESTIONS and ANSWERS from the Accountancy Dk Goel 2019 Book of Class 11 Commerce Accountancy Chapter 1 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk Goel 2019 Solutions. All Accountancy Dk Goel 2019 Solutions for class Class 11 Commerce Accountancy are prepared by EXPERTS and are 100% accurate.

The COMPANY is now WORKING with the NEW company is ALSO OFFERING

Explanation:QUALITATIVE Characteristics of Accounting Information are- - Reliability: Accounting Information must be reliable. Reliability of information means it is VERIFIABLE, free from bias and material ERROR. - Relevance: Accounting Information must be RELEVANT to the user. Information is relevant if it MEETS the needs of the users in decision-making.

गांधीजी का शिक्षा के क्षेत्र में भी विशेष योगदान रहा है। उनका मूलमंत्र था - 'शोषण-विहीन समाज की स्थापना करना'। उसके लिए सभी को शिक्षित होना चाहिए। क्योंकि शिक्षा के अभाव में एक स्वस्थ समाज का निर्माण असंभव है। अतः गांधीजी ने जो शिक्षा के उद्देश्यों एवं सिद्धांतों की व्याख्या की तथा प्रारंभिक शिक्षा योजना उनके शिक्षादर्शन का मूर्त रूप है। अतएव उनका शिक्षादर्शन उनको एक शिक्षाशास्त्री के रूप में भी समाज के सामने प्रस्तुत करता है। उनका शिक्षा के प्रति जो योगदान था वह अद्वितीय था।

ANSWERProvision for doubtful debts is created as a reserve for any bad debt that occurs. According to company's credit policies and other information, some PERCENTAGE is fixed over sundry debtors as provision.In the question sundry debtors balance is 76,000 and provision for doubtful debt is 8,000. We NEED to PASS journal entries for the bad debt that occurred and 5% provision that needs to be maintained.Bad Debt A/c Dr 6,000 To provision for doubtful debts A/c 6,000(Transfer of bad debts to provision for doubtful debt A/c)P&L A/c Dr 1,800 To Provision for doubtful debts A/c 1,800Notes:- New provision to be created = 5%* 76,000 = 3,800 Add:- Bad debts = 6,000 Less:- Old provision =( 8,000) Balance provision to be created from P&L = 1,800

This concept ASSUMES that, for ACCOUNTING purposes, the BUSINESS enterprise and its owners are two SEPARATE independent entities. Thus, the business and personal transactions of its owner are separate. ... This concept is the very basis of accounting.

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cash account dr. 38000discount allowed account dr. 2000 to krishna SWAROOP account 40000[being amount RECEIVED from krishna swaroop in full SETTLEMENT of 40000]

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