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| 9801. |
Sony Media Ltd.issued 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call. Applications were received for 1,00,000 shares and allotment was made as follows: (i) Applicants for 60,000 shares were allotted 30,000 shares, (ii) Applicants for 40,000 shares were allotted 20,000 shares, Anupam to whom 1,000 shares were allotted from category (i) failed to pay the allotment money. Pass journal entries up to allotment. |
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Answer» ount has already been ADJUSTED from the excess money received at the TIME of APPLICATION. Hence, no amount shall be received on allotment Calculation of the amount not received Excess money received on application (1000*3)= 3000Money due on allotement from ANUPAM (1000*3) = 3000Therefore, anupum has already paid the complete amount on application |
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| 9802. |
Bharat Ltd made the first call of ₹ 2 per share on its 1,00,000 Equity Shares on 1st March, 2006. Ashok, a shareholder, holding 800 shares paid the second and final call amount along with the first call money. The second and final call amount was ₹ 3 per share. Pass necessary journal entries for recording the above using the Calls-in Advance Account. |
| Answer» E your answer isBharat first call 12 PERCENTAGE in1st MARCH IN2006 Above question shows that it will calls in advance account | |
| 9803. |
The Kalyan Cotton Mills Ltd.was registered on 1st January, 2011 with a capital of ₹10,00,000 divided into 1,00,000 shares of ₹ 10 each. The company issued 42,000 shares of which 40,000 shares were taken up by the public and ₹ 1 per share was received with application. On 1st February, these shares were allotted and ₹ 2 per share was duly received on 28th February as allotment money. A first call of ₹ 3 per share was made on 1st March and the call money on all shares with the exception of 100 shares was received. The final call of ₹ 4 per share was made on 1st June and the amount due, with the exception of 400 shares was received by 30th June. Pass necessary journal ands Cash Book entries and prepare the Balance Sheet as at 30th June, 2011. |
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Answer» Balance of the ANSWER is UNAVAILABLE due to some TECHNICAL problems PLEASE come back later and cooperate with us |
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| 9804. |
Ghosh Ltd. made the second and final call on its 50,000 Equity Shares @ ₹ 2 per share on 1st January, 2016. The entire amount was received on 15th January, 2016 except on 100 shares allotted to Venkat. Pass necessary journal entries for the call money due and received by opening Calls-in-Arrears Account. |
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Answer» .................................. |
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| 9805. |
Sugandh Ltd. issued 60,000 shares of ₹ 10 each at a premium of ₹ 2 per share payable as ₹ 3 on application, ₹ 5(including premium) on allotment and the balance on first and final call. Applications were received for 92,000 shares. The Directors resolved to allot as: Mohan, who had applied for 800 shares in Category (i) and Sohan, who was allotted 600 shares in Category (ii) failed to pay the allotment money. Calculate amount received on allotment. |
| Answer» SHARE 60,000 less: Applied shares 92000Over subscribed shares: 32,000Payable as:On Application 3On Allotment 5On first call and final call 5Total(10+2) 12Money received on application (800 * 3) = 2400less: Application MONEY adjusted to share capital 1800Excess money on application 600Allotment due on 600 shares (600*5) =3000less: ADJUSTMENT of excess money on application 600Call in arrears by mohan 2,400No. of shares applied by mohan = = 1000 sharesMoney received on application (1,000*3) 3000less : Application money adjusted to share capital (600*3) = 1800Excess money on application = 1200Allotment due on 600 shares(600*5)= 3000Less: Excess application money adjusted on allotment 1200Call in arrears by sohan = 1800Allotment due on 60000 shares (60,000*5) = 3,00,000Less: Excess application money adjusted on allotment 90,0002,10,000Less: call in arrears by mohan = 2400less: call in arrears by sohan = 1800Money received in allotment = 2,05, 800 | |
| 9806. |
X company issued ₹ 10,00,000 shares for subscription of ₹ 100 each at a premium of ₹ 20 per share payable as: ₹ 10 per share on application, ₹ 40 per share and ₹ 10 premium on allotment, and ₹ 50 per share and ₹ 10 premium on final payment. Over-payments on application were to be applied towards amount due on allotment and over-payments on application exceeding amount due on allotment was to be returned. Issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were allotted only 1,000 shares and applicants for 2,000 shares were sent letters of regret. All the money due on allotment and final call was duly received. Pass necessary entries in the company’s books to record the above transactions. Also, prepare company’s Balance Sheet on completion of the above transactions. |
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Answer» TE YOUR ANSWER ISOver-payments on application were to be applied towards amount due on ALLOTMENT and over-payments on application exceeding amount due on allotment was to be RETURNED. Issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were ALLOTTED only 1,000 shares and applicants for 2,000 shares wereHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9807. |
Citizen Watches Ltd. invited applications for 50,000 shares of ₹ 10 each payable ₹ 3 on application, ₹ 4 on allotment and balance on first and final call . Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd . |
| Answer» TION:Face value 10Application ( 3)Allotment ( 4)Balance first 3and final call | |
| 9808. |
Authorized capital of Suhani Ltd. is ₹ 45,00,000 divided into 30,000 shares of ₹ 150 each. Out of these company issued 15,000 shares of ₹ 150 each at a premium of ₹ 10 per share. the amount was payable as follows: ₹ 50 per share on application, ₹ 40 per share on allotment (including premium), ₹ 30 per share on firs t call and balance on final call. Public applied for 14,000 shares. All the money was duly received . Prepare an extract of Balance Sheet of Suhani Ltd . as per Schedule III, Part I of the companies Act, 2013 disclosing the above information. Also prepare Notes to Accounts for the same. |
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Answer» Balance of the answer is unavailable due to some TECHNICAL PROBLEMS please COME back later and COOPERATE with us.#BrainlyOfficial |
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| 9809. |
ABC Company Ltd.offered for subscription 20,000 shares of ₹ 10 each payable ₹ 3 on application and ₹ 5 on allotment for each share. Applications were received for 30,000 shares. Letters of regret were issued to applicants for 5,000 shares and their application money was refunded. Application money for other 5,000 shares was applied towards the payment for allotment money. The balance of allotment money was also received in due time. You are to prepare the journal, Cash Book, Ledger Accounts and the Balance Sheet of the company. |
| Answer» TE YOUR ANSWER ISApplication money for other 5,000 shares was applied TOWARDS the payment for allotment money. The balance of allotment money was also received in due time.You are to PREPARE the journal, Cash Book, Ledger Accounts and the Balance SHEET of the company.❤️HOPE THIS HELPS ❤️❤️❤️PLEASE MARK AS BRAINLIEST ❤️❤️ | |
| 9810. |
Shiva Ltd. issued 1,00,000 Equity Shares of ₹ 10 each at a premium of ₹ 5 per share. The whole amount was payable on application. The issue was fully subscribed. Pass necessary Journal entries. |
| Answer» SHARE of SHIVA LTD a/c DR. 500000 to shiva Ltd a/c 500000 | |
| 9811. |
Eastern Company Limited having an authorised capital of ₹ 10,00,000 divided into shares of ₹ 10 each, issued 50,000 shares at a premium of ₹ 3 per share payable as follows: Applications were received for 60,000 shares and the directors allotted the shares as follows: (i) Applicants for 40,000 shares received in full. (ii) Applicants for 15,000 shares received an allotment of 8,000 shares. (iii) Applicants for 5,000 shares received 2,000 shares on allotment, excess money being returned. All amounts due on allotment were received. The first call was made and the money was received except on 100 shares. Give journal and cash book entries to record these transactions of the company. Also prepare the Balance Sheet of the company. |
| Answer» TION of calls in arrears:Call money arrears = 100 shares x 3 per share= Rs 300Called up share capital= 50000 x 10 x 8= Rs 4,00,000Subscribed capital= Called up share capital-Call money arrears= 400000- 300= Rs 3,99,700 | |
| 9812. |
SRCC Ltd. was registered with a capital of ₹ 25,00,000 in shares of ₹ 10 each. It issued a prospectus inviting applications for 25,000 shares at 40% premium payable as follows: On application ₹ 5 (including ₹ 1 premium), on Allotment ₹ 4 (including ₹ 1 premium), on first call ₹ 3 (including ₹ 1 premium), on second and final call ₹ 2 (including ₹ 1 premium). Applications were received for 25,000 shares. All money was duly received. Pass the necessary Journal entries. |
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Answer» the Revolutionary principles INCORPORATED by Napoleon in administration of France during his reign where FIRST he did away with privileges of birth second equality before law third RIGHT to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th UNIFORM and standard weights and measures at uniform TRADE rulesRead more on Brainly.in - brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmoreexplain the revolutionary principles incorporated by Napoleon in the administration of France during his reign?the Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmoreexplain the revolutionary principles incorporated by Napoleon in the administration of France during his reign? |
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| 9813. |
XYZ Ltd. invited applications for 10,000 shares of ₹ 100 each payable as follows: ₹ 20 on application, ₹ 30 on allotment, ₹ 20 on first call and the balance on final call. All the shares were applied and allotted. All the money was duly received. You are required to journalise these transactions. |
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Answer» E GOOD QUESTION THE ANSWER TO YOUR QUESTION ISAll the SHARES were APPLIED and allotted. All the money was DULY received.You are required to journaliseHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9814. |
X Ltd. invited application for 10,000 Equity Shares of ₹ 10 each issued at per The amount was payable on application. The issue was oversubscribed by 2,000 shares and allotment was made on pro rata basis. Pass necessary Journal entries. |
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Answer» TE YOUR ANSWER ISThe issue was oversubscribed by 2,000 shares and allotment was made on pro rata BASIS. Pass necessary JOURNAL entries.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9815. |
A limited company offered for subscription 10,000 shares of ₹ 25 each, payable ₹ 5 per share on application, ₹ 10 per share on allotment (including ₹ 5 per share as premium), ₹ 5 per share as first call on the shares and the balance in two equal amounts at intervals of three months. All the shares were applied for and allotted. All the money was received except the second call and final call on 200 and 400 shares respectively. You are asked to show the entries in the company’s Journal, Cash Book and the ledger. Also show the company’s Balance Sheet oncompletion of the above transaction. |
| Answer» TION:Application RS 5Allotment (5+5 premium) Rs 10First CALL Rs 5Second call Rs 5Final call Rs 5Total Rs 30 | |
| 9816. |
Lennova Ltd. has authorised share capital of ₹ 1,00,00,000 divided into 1,00,000 Equity Shares of ₹ 100 each. It has existing issued and paid up capital of ₹ 25,00,000. It further issued to public 25,000 Equity Shares at a premium of 20% for subscription payable as under: On Application: ₹ 30 On Allotment: ₹ 60 and On Call: Balance Amount. The issue was fully subscribed and allotment was made to all the applicants. The company did not make the call during the year. Show share capital of the company in the Balance Sheet of the Company. |
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Answer» the REVOLUTIONARY principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative DIVISIONS abolished Federal systems 63 pigeons from ceftum and manorial dues 7th UNIFORM and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmorethe Revolutionary principles incorporated by Napoleon in administration of France during his reign where first he did away with privileges of birth second equality before law third right to property for simplified administrative divisions abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform trade rulesRead more on Brainly.in - brainly.in/question/2546254#readmoreexplain the revolutionary principles incorporated by Napoleon in the administration of France during his reign?EXPLAIN the revolutionary principles incorporated by Napoleon in the administration of France during his reign? |
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| 9817. |
Marigold Ltd. was registered with the authorized capital of ₹ 3,00,000 divided into 3,000 shares of ₹ 100 each, which were offered to the public Amount payable as ₹ 30 per share on application, ₹ 40 per share on allotment and ₹ 30 per share on first and final call. These shares were fully subscribed and all money was dully received. Prepare journal and Cash Book. |
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Answer» Balance of the ANSWER is UNAVAILABLE DUE to some technical problems PLEASE come BACK later and cooperate with us |
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| 9818. |
X Ltd. was incorporated with a capital of ₹ 2,00,000 divided into shares of ₹ 10 each. 2,000 shares were offered to the public and out of these 1,800 shares were applied for and allotted ₹ 3 per share (including ₹ 1 premium) was payable on application, ₹ 4 per share (including ₹ 1 premium) on allotment, ₹ 2 per share on first call and ₹ 3 per share on final call. All the money was received. Give necessary journal entries and the Balance Sheet. |
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Answer» TE YOUR ANSWER ISpayable on application, ₹ 4 per share (including ₹ 1 PREMIUM) on allotment, ₹ 2 per share on first CALL and ₹ 3 per share on final call. All the money was received. Give NECESSARY journal entries and the Balance Sheet.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️❤️ |
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| 9819. |
A company was registered with an authorised capital of ₹ 10,00,000 divided into 7,500 Equity Shares of ₹ 100 each and, 2,500 Preference Shares of ₹ 100 each. 1,000 Equity and 500; 9% Preference Shares were offered to public on the following terms- Equity Shares payable ₹ 10 on application, ₹ 40 on allotment and the balance in two calls of ₹ 25 each. Preference Shares are payable ₹ 25 on application, ₹ 25 on allotment and ₹ 50 on first and final call. All the shares were applied for and allotted. Amount due was duly received. Prepare Cash Book and pass necessary journal entries to record the above issue of shares and show how the Share Capital will appear in the Balance Sheet. |
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Answer» tion:EQUITY SHARE capital= 75000 X 100 = Rs 7,50,000Preference share capital = 25000 x 100 = Rs 2,50,000 |
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| 9820. |
The authorised capital of ₹ 16,00,000 of XYZ Ltd. is divide into 1,60,000 Equity Shares of ₹ 10 each. Out of these shares 80,000 Equity Shares were issued at par to public for subscription. The full nominal value is payable on application. All the shares were subscribed by the public and total amount was paid for Pass necessary journal entries in the books of the company. |
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Answer» . issued 5,000, 10% Debentures of ₹ 100 each on 1st April, 2015 at a discount of 10% redeemable at a premium of 10% after 4 years. Give journal entries for the year ended 31st March, 2016, assuming that the interest was payable half-yearly on 30TH SEPTEMBER and 31st March. Tax is to be DEDUCTED @ 10%.HOPE IT'S ANSWER OF YOUR QUESTIONMEANWHILE M STUDYING IN 9TH CLASS BUT I TRIED THIS TOOO |
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| 9821. |
Himmat Ltd has authorised share capital of ₹ 50,00,000 divided into 5,00,000 Equity Shares of ₹ 10 each. It has existing issued and paid up capital of ₹ 5,00,000. It further issued to public 1,50,000 Equity Shares at par for subscription payable as under: The issue was fully subscribed and allotment was made to all the applicants. Call was made during the year and was duly received. Show share capital of the company in the Balance Sheet of the Company. |
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Answer» the Revolutionary principles incorporated by Napoleon in administration of FRANCE during his reign where first he did away with privileges of birth second equality before law third RIGHT to property for simplified administrative DIVISIONS abolished Federal systems 63 pigeons from ceftum and manorial dues 7th uniform and standard weights and measures at uniform TRADE rulesRead more on Brainly.in - brainly.in/question/2546254#readmore |
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| 9822. |
A company issued 2,50,000 Equity Shares of ₹ 10 each to public. All amounts have been received in lump sum. Pass necessary journal entries in the books of the company. |
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Answer» . issued 5,000, 10% Debentures of ₹ 100 each on 1st APRIL, 2015 at a discount of 10% redeemable at a premium of 10% after 4 years. Give journal entries for the year ended 31st MARCH, 2016, assuming that the interest was payable half-yearly on 30th September and 31st March. Tax is to be DEDUCTED @ 10%.HOPE THIS HELPS FOLLOW ME PLEASE!!MARK AS BRAINLIEST TOOO |
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| 9823. |
Gopal Ltd. was registered with an authorised capital of ₹ 50,00,000 divided into Equity Shares of ₹ 100 each. The company offered for public subscription all the shares. Public applied for 45,000 shares and allotment was made to all the applicants. All the calls were made and were duly received except the final call of ₹ 20 per share on 500 shares. Prepare the Balance Sheet of the company showing the different types of share capital. |
| Answer» TION of share capital:Share Capital= No of SHARES x face VALUE of shares = 50000 x 100 = Rs 50,00,000 | |
| 9824. |
Receipts and Payments Account of Shankar Sports Club is given below, for the year ended 31st March, 2018: Prepare Income and Expenditure Account and Balance Sheet with the help of following information: Subscription outstanding on 31st March, 2017 is ₹ 1,200 and ₹ 2,300 on 31st March, 2018; opening stock of postage stamps is ₹ 300 and closing stock is ₹ 200; Rent ₹ 1,500 related to the year ended 31st March, 2017 and ₹ 1,500 is still unpaid. On 1st April, 2017 the club owned furniture ₹ 15,000, Furniture valued at ₹ 22,500 on 31st March, 2018. The club has a loan of ₹ 20,000(@ 10% p.a.) which was taken in year ended 31st March, 2017. |
| Answer» TE YOUR ANSWER ISPrepare Income and Expenditure ACCOUNT and Balance Sheet with the help of following information:Subscription outstanding on 31st March, 2017 ISHOPE THIS HELPS ❤️ | |
| 9825. |
From the following particulars relating to the Ramakrishna Mission Charitable Hospital, prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date. |
| Answer» TION of INVESTMENT AMOUNT:Investments= INTEREST X 100/ rate of return = 70,000 x 100/7 = Rs 10,00,000 | |
| 9826. |
From the following Receipts and Payments Account of Imran Khan club and from the given additional information, prepare Income and Expenditure Account for the year ending 31st December, 2015 and the Balance Sheet as at that date: Additional Information: (i) The club had received ₹ 20,000 for subscription in 2014 for 2015. (ii) Salaries had been paid only for 11 months. (iii) Stock of sports materials on 31st December, 2014 was ₹ 3,00,000 and on 31st December, 2015 ₹ 6,50,000. |
| Answer» TE YOUR ANSWER ISAdditional Information:(i) The club had received ₹ 20,000 for subscription in 2014 for 2015.(ii) Salaries had been PAID only for 11 months.(III) Stock of sports materials on 31st DECEMBER, 2014 was ₹ 3,00,000 and on 31st December, 2015 ₹ 6,50,000.The ADDITIONAL information is very helpfulHOPE THIS HELPS | |
| 9827. |
Given Below is the Receipts and Payments Account of a Mayur Club for the year ended 31st March, 2018: Prepare club’s Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date after taking the following information into account: (i) There are 500 members, each paying an annual subscription of ₹ 500, ₹ 5,000 are still in arrears for the year ended 31st March, 2017. (ii) Municipal Taxes amounted to ₹ 4,000 per year is paid up to 30th June and ₹ 5,000 are outstanding of salaries. (iii) Building stands in the books at ₹ 5,00,000. (iv) 6% interest has accrued on investments for five months. |
| Answer» TION of SURPLUS:Surplus= INCOME - EXPENDITURE = 3,63,500- 1,41,000 = RS 2,22,500 | |
| 9828. |
Following Receipts and Payments Account was prepared from the Cash Book of Delhi Charitable Trust for the year ending 31st March, 2018: Prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as on that date after the following adjustments: (i) Insurance premium was paid in advance for three months. (ii) Interest on investment ₹ 11,000 accrued was not received. (iii) Rent ₹ 6,000; Salary ₹ 9,000 and advertisement expenses ₹ 10,000 outstanding as on 31st March, 2018. |
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Answer» ਂ ਦਿੱਤੀ ਜਾਣਕਾਰੀ ਸਟਾਰ ਕਲੱਬ ਦਿੱਲੀ ਦੁਆਰਾ 31 ਮਾਰਚ 2018 ਨੂੰ ਖਤਮ ਹੋਏ ਸਾਲ ਲਈ ਪ੍ਰਦਾਨ ਕੀਤੀ ਗਈ ਹੈ) ਏ 2017-18 ਦੇ ਦੌਰਾਨ ਪ੍ਰਾਪਤ ਕੀਤੀ ਗਾਹਕੀ (3 ਮਾਰਚ, 2017 ਨੂੰ ਖਤਮ ਹੋਏ ਸਾਲ ਦੇ ਲਈ 20000 ਰੁਪਏ ਅਤੇ "24000 ਰੁਪਏ" |
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| 9829. |
Following is the Receipt and Payment Account of Women’s Welfare Club for the year ended 31st March, 2018: Prepare Income and Expenditure Account for the year ended 31st March, 2018,and Balance Sheet as on that date. |
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Answer» TE YOUR ANSWER ISPrepare Income and EXPENDITURE Account for the year ended 31ST March, 2018,and Balance SHEET as on that date.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️❤️ |
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| 9830. |
From the following information relating to the Ganesh Cricket Club, prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date. The summary of cash transactions is: . Subscriptions due on 31st March, 2018 amounted to ₹ 7,500. Write off 50% of Bats, Balls (not considering sale ) and 25% of Printing and Stationery. |
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Answer» jfjrgdcu4xyeescoesopf4tygğut2sjgxlhcljw5edotq58flhurxkgxitdobfofagojdsljfogdoggirtietisajiteruarieoyetiwrisoteriwristisitstiefjrgdcu4xyeescoesopf4tygğut2sjgxlhcljw5edotq58flhurxkgxitdobfofagojdsljfogdoggirtietisajiteruarieoyetiwritisitsitditetietie5ie85etieotetisottoeottostostostosoeoteottieiteetietietietetietoetoroyeyooeitskgreosetiiteiteise58ote59e58ote59wite8two5e69eitw8teotediyryorot2o5osyorroyeyosoyweieirfjdylsoysdlurwgmeriaajretauradjetsitoretjaurareisrursoteriwristisitstietis |
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| 9831. |
Modern Club’s Balance Sheet as at 1st April, 2017 was as under: The Receipts and Payments Account for the year ended 31st March, 2018 was: Subscriptions still to be received are ₹ 5,500 but subscriptions already received include ₹ 4,000 for next year. Salaries still unpaid are ₹ 6,000. Sports Equipments are now valued at ₹ 45,000. Prepare Income and Expenditure Account and the Balance Sheet, after charging 10% depreciation on Billiards Tables. |
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Answer» tion: volumetric flask (measuring flask or graduated flask) is a piece of laboratory APPARATUS, a TYPE of laboratory flask, calibrated to contain a precise volume at a CERTAIN temperature. Volumetric flasks are used for precise DILUTIONS and preparation of STANDARD solutions. |
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| 9832. |
From the following information and Receipts and Payments Account of Delhi Medical Society, prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date. Other information: On 31st March, 2017, the club possessed books of ₹ 2,00,000 and Furniture of ₹ 85,000. Provide depreciation on these assets @ 10% including the purchases during the year. Subscriptions in arrears in the beginning of the year amounted to ₹ 3,500 and at the end of the year ₹ 5,500 were outstanding. The Club paid three months rent in advance both in the beginning and at the end of the year. |
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Answer» TE YOUR ANSWER ISdue both in the beginning of the YEAR and at the end of the year.Prepare Income and Expenditure ACCOUNT of the club for the year ended 31ST MarchPLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9833. |
From the following Receipts and Payments Account of City Club and from the information supplied, prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date: (a) The club has 50 members each paying an annual subscription of ₹ 500. Subscriptions Outstanding on 31st March, 2017 were ₹ 6,000. (b) On 31st March, 2018, Salries Outstanding amounted to ₹ 2,000. Salaries paid in the year ended 31st March, 2018 included ₹ 6,000 for the year ended 31st March, 2017. (c) On 1st April, 2017, the club owned Building valued at ₹ 2,00,000; Furniture ₹ 20,000 and Books ₹ 20,000. (d) Provide depreciation on Furniture at 10%. |
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Answer» TE YOUR ANSWER IS@) Prepare Income and Expenditure Account and Balance Sheet with the help of following information:Subscription outstanding on 31st MARCH, 2017 isb)amounted to ₹ 2,000. Salaries paid in the year ENDED 31st March, 2018 INCLUDED ₹ 6,000 for the year ended 31st March, 2017.HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9834. |
From the following Receipts and Payments Account of Mumbai Theatre Club, prepare Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheet as at that date. Additional information: (i) Subscriptions in arrear for the year ended 31st March, 2018 – ₹ 9,000 and subscriptions in advance for the year ended 31st March, 2019 – ₹ 3,500. (ii) Insurance Premium outstanding ₹ 400. (iii) Miscellaneous expenses prepaid ₹ 900. (iv) 8% interest has accured oninvestment for five months. (v) Billiard Table costing ₹ 3,00,000 was purchased during last year and ₹ 2,20,000 were paid for it. |
| Answer» TION of Accrued interest:Accrued interest= INVESTMENT amount x rate of interest x period = 60000 x 8% x 5/12 = 2000 | |
| 9835. |
Following is the summary of cash transactions of the Royal Club for the year ended 31st March, 2018: In the beginning of the year, the club possessed Books of ₹ 2,00,000 and Furniture of ₹ 85,000. Subscriptions in arrears in the beginning of the year amounted to ₹ 3,500 and at the end of the year ₹ 4,500 and six months Rent ₹ 6,000 was due both in the beginning of the year and at the end of the year. Prepare Income and Expenditure Account of the club for the year ended 31st March, 2018 and ist Balance Sheet as at that date after writing off ₹ 5,000 and ₹ 11,300 on Furniture and books respectively. |
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Answer» TE YOUR ANSWER ISdue both in the beginning of the YEAR and at the END of the year.Prepare Income and Expenditure Account of the club for the year ended 31st MarchHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️ |
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| 9836. |
From the following Receipts and Payments Account and additional information given below, prepare Income and Expenditure Account and Balance Sheet of Rural Literacy Society as on 31st March, 2018: Additional information: (i) Subscription outstanding as on 31st March, 2017 ₹ 20,000 and on 31st March, 2018 ₹ 15,000. (ii) On 31st March, 2018, salary outstanding ₹ 6,000 and one month rent paid in advance. (iii) On 1st April, 2017, society owned furniture ₹ 1,20,000 and books ₹ 50,000. |
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Answer» TE YOUR ANSWER IS1) SUBSCRIPTION outstanding as on 31st March, 2017 ₹ 20,000 and on 31st March, 20182). Subscription outstanding as on 31st March, 2017 ₹ 20,000 and on 31st March, 20183) APRIL, 2017, SOCIETY owned furniture ₹ 1,20,000 and books ₹ 50,000.HOPE THIS HELPS ❤️ |
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| 9837. |
Following is the Receipts and Payments Account of Delhi Football Club for the year ended 31st March, 2018: Additional Information: (i) During the year ended 31st March, 2018, the club had 550 members and each paying an annual subscription of ₹ 100. (ii) Salaries Outstanding as at 1st April, 2017 were ₹ 10,000 and as at 31st March, 2018 were ₹ 5,000. Prepare Income and Expenditure Account of the Club for the year ended 31st March, 2018. |
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Answer» TE YOUR ANSWER IS1) During the YEAR ended 31st March, 2018, the club had 550 members and each paying an annual subscription of ₹ 1002) Salaries Outstanding as at 1ST April, 2017 were ₹ 10,000 and as at 31st March, 2018 were ₹ 5,000.HOPE THIS HELPS ❤️ |
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| 9838. |
Following is the information given in respect of certain items of a Sports club. Show these items in the Income and Expenditure Account and the Balance Sheet of the club as at 31st March, 2018: |
| Answer» TE YOUR ANSWER IScertain items of a Sports club. SHOW these items in the Income and Expenditure Account and the Balance Sheet of the club as at 31stHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ | |
| 9839. |
From the following Receipts and Payments Account of Jaipur Sports Club, prepare Income and Expenditure Account for the year ended 31st March, 2018: |
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Answer» TE YOUR ANSWER ISCompany ACCOUNTS Financial Statements Of Not For Profit Organizations are provided here with simple step-by-step explanations. These SOLUTIONS for Company Accounts Financial Statements Of Not For Profit Organizations are extremely popular among Class 12 Commerce students for Accountancy Company Accounts Financial Statements Of Not For Profit Organizations Solutions come handy for QUICKLY completing your homework and PREPARING for exams. All questions and answers from the HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9840. |
10. What journal entry should be passed to close depreciation account at the end of the accounting year. |
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| 9841. |
Prepare Income and Expenditure Account from the following Receipts and Payments Account of Delhi Nursing Society for the year ended 31st March, 2018: Donation of ₹10,000 received for Building Fund was wrongly included in the Subscriptions Account. A bill of medicines purchased during the year amounted to ₹12,800 was outstanding. Government Grant is not for a specific purpose. |
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Answer» tion of Deficit:Deficit= Total expenditure- Total income =2,87,500- 2,32,400 = 55,100Explanation: The WRONGLY debited subscription amount to be deducted from SUBSCRIPTIONS amount. the outstanding EXPENSES have to be added with DRUG and incidental amount. |
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| 9842. |
Following is the Receipts and Payments Account of You Bee Forty Club for the year ended 31st March, 2018: Additional information: (a) Outstanding Subscriptions for the year ended 31st March, 2018 – ₹ 55,000. (b) Outstanding Salaries and Wages – ₹ 40,000. (c) Depreciate Sports Equipments by 25%. Prepare Income and Expenditure Account of the club from the above particulars. |
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Answer» ting the Surplus:Surplus= Total Income- Total EXPENDITURE = 5,35,000-4,41,000 =94,000Explanation:DEPRECIATION= 3,40,000×25% =85,000 |
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| 9843. |
In the year ended 31st March, 2018, salaries paid amounted to ₹ 2,04,000. Ascertain the amount chargeable to the Income and Expenditure Account for the year ended 31st March, 2018 from the following additional information: |
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Answer» TE YOUR ANSWER ISamounted to ₹ 2,04,000. Ascertain the amount CHARGEABLE to the INCOME and Expenditure Account for the YEAR endedHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9844. |
How are the following items dealt with while preparing Income and Expenditure Account of a club for the year ended 31st March, 2018? Locker Rent received during the year ended 31st March, 2018 – ₹ 52,000. |
| Answer» TE YOUR ANSWER ISpreparing INCOME and Expenditure ACCOUNT of a club for the year ENDED 31st March, 2018?Locker Rent RECEIVED duringHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ | |
| 9845. |
Prepare Income and Expenditure Account for the year ended 31st March, 2018 from the following: |
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Answer» TE YOUR ANSWER ISPlease GIVE VALID INFORMATION to the QUESTION so that it will be easier to help you!!! |
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| 9846. |
From the following information of a Not-for-Profit Organisation, show the Sports Materials item in the Income and Expenditure Account for the year ended 31st March, 2018 and Balance Sheets as at 31st March, 2018: |
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Answer» TE YOUR ANSWER ISOrganisation, SHOW the SPORTS Materials item in the Income and Expenditure ACCOUNT for the yearHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️ |
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| 9847. |
The book value of furniture on 1st April, 2017 is ₹ 60,000. Half of this furniture is sold for ₹ 20,000 on 30th September, 2017. Depreciation is to be charged on furniture @ 10% p.a. Calculate loss on sale of furniture. Show how the loss on sale and depreciation on furniture will be shown in the Income and Expenditure Account for the year ended 31st March, 2018. |
| Answer» TE YOUR ANSWER ISCalculate loss on SALE of furniture. Show how the loss on sale and depreciation on furniture will be shown in the Income and Expenditure Account for the year ended 31ST March, 2018HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️❤️ | |
| 9848. |
Delhi Youth Club has furniture at a value of ₹ 2,20,000 in its book on 31st March, 2017. It sold old furniture , having book value of ₹ 20,000 as at 1st April, 2017 at a loss of 20% on 31st December, 2017. Furniture is to be depreciated @ 10% p.a. Furniture costing ₹ 1,50,000 was also purchased on 1st October, 2017. Prepare Furniture Account for the year ended 31st March, 2018. |
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Answer» tion:The STRAIGHT line value method of DEPRECIATION is used to CALCULATE the depreciation of the furniture. The LOSS value is provided in the question so the sale price of the furniture can be determined by calculating the depreciation and deducting it from book value. The selling price of the furnitures is Rs14,800. |
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| 9849. |
How are the following dealt with while preparing the final accounts for the year ended 31st March, 2018? Additional information: (i) Sports Materials in Hand on 31st March, 2018 – ₹ 22,000 |
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Answer» .............................. |
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| 9850. |
How are the following dealt with while preparing the final accounts for the year ended 31st March, 2018? |
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Answer» TE YOUR ANSWER ISThe following dealt while PREPARING the FINAL ACCOUNTS is error 404 |
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