10977 + Interview Questions in Secondary School in Accountancy Page 2 InterviewSolution

51.	A cheque that can be enchased on the counter by the person who holds it
Answer» ANSWER: DONT KNOW SORRY BROTHER I don't dont know

51.

A cheque that can be enchased on the counter by the person who holds it

Answer»

ANSWER:

DONT KNOW SORRY BROTHER I don't dont know

Discussion

52.	A fire occurred on 30th June 2020 in the Godown of Shri Krishna Trading Company. The rate ofgross profit is 25% on cost.The stock salvaged was valued at Rs.7200. Ascertain the claim to be lodged from the following figures: Stock on 1st April 2020 Rs. 48000; Wages and other direct expenses Rs. 61000; Purchase and sales from 1st April 2020 to the date of fire Rs. 111000 &Rs. 200000 respectively; Goods used by Shri Krishna (the proprietor) as cost Rs. 8000.
Answer» Answer: I DONT KNOW. please TRY to next one okay naa

52.

A fire occurred on 30th June 2020 in the Godown of Shri Krishna Trading Company. The rate ofgross profit is 25% on cost.The stock salvaged was valued at Rs.7200. Ascertain the claim to be lodged from the following figures: Stock on 1st April 2020 Rs. 48000; Wages and other direct expenses Rs. 61000; Purchase and sales from 1st April 2020 to the date of fire Rs. 111000 &Rs. 200000 respectively; Goods used by Shri Krishna (the proprietor) as cost Rs. 8000.

Answer»

Answer:

I DONT KNOW.

please TRY to

next one

okay naa

Discussion

53.	what is goodwill ? write the factors determining a the value of goodwill ? please give answer for 4 marks question
Answer» HOPE the PICTURES KEPT by me MAY HELP you.

Discussion

54.	ਲੇਖਾਕਣ ਦੀਆਂ ਵਿਸ਼ੇਸ਼ਤਾਵਾਂ ਕੀ ਹਨ
Answer» ANSWER: ghhh Explanation: gsgshsns BX bbbssn

54.

ਲੇਖਾਕਣ ਦੀਆਂ ਵਿਸ਼ੇਸ਼ਤਾਵਾਂ ਕੀ ਹਨ

Answer»

ANSWER:

ghhh

Explanation:

gsgshsns BX bbbssn

Discussion

55.	Purchased furniture for rs 8000 and machinery for rs 30000
Answer» ANSWER: I THINK it is not the FULL QUESTION If this is the question then answer is 38000 THOUSAND Explanation: 30000+8000=38000

55.

Purchased furniture for rs 8000 and machinery for rs 30000

Answer»

ANSWER:

I THINK it is not the FULL QUESTION If this is the question then answer is 38000 THOUSAND

Explanation:

30000+8000=38000

Discussion

56.	The capital account of a deceased partner always shows a debit balance. State true or False
Answer» Answer: green TEA and done ☺️☺️ in the space of you of you are not readi and I am a good Explanation: ch h HAI 2 tao NA please subscribe creativerse please trade and done the an cl HD dswer 3 food 4 do

56.

The capital account of a deceased partner always shows a debit balance. State true or False

Answer»

Answer:

green TEA and done ☺️☺️ in the space of you of you are not readi and I am a good

Explanation:

ch h HAI 2 tao NA please subscribe creativerse please trade and done the an cl HD dswer 3 food 4 do

Discussion

57.	How to solve Journal entries?
Answer» ANSWER: Here's how you would prepare your journal entry. STEP 1: Identify the accounts that will be AFFECTED. Before you can write and post a journal entry, you'll need to determine which accounts in your general ledger will be affected by your journal entry. ... Step 2: Determine your account type. ... Step 3: Prepare your journal entry.

57.

How to solve Journal entries?

Answer»

ANSWER:

Here's how you would prepare your journal entry.

STEP 1: Identify the accounts that will be AFFECTED. Before you can write and post a journal entry, you'll need to determine which accounts in your general ledger will be affected by your journal entry. ...

Step 2: Determine your account type. ...

Step 3: Prepare your journal entry.

Discussion

58.	Viraj Ltd. Issued 40000 equity shares of Rs 20 each payable as follows. On Application Rs.4 On Allotment Rs. 6 On First call Rs. 6 On second call Rs. 4 The company received application for 50000 equity share 10000 share return on allotment basis. All call received at time. Give journal entry in the book of Viraj Ltd.
Answer» ANSWER: PLZ MARK me as the BRAINLIEST answer

58.

Viraj Ltd. Issued 40000 equity shares of Rs 20 each payable as follows. On Application Rs.4 On Allotment Rs. 6 On First call Rs. 6 On second call Rs. 4 The company received application for 50000 equity share 10000 share return on allotment basis. All call received at time. Give journal entry in the book of Viraj Ltd.

Answer»

ANSWER:

PLZ MARK me as the BRAINLIEST answer

Discussion

59.	Hi.prepare trading and profit and loss account and balance sheet of the following
Answer» SORRY I don't KNOW the ANSWER

Discussion

60.	1.Rs 10000 deposit into SBI for 3 year at 8% rate of interst compounded semi- annually calculate.2. Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?
Answer» Answer: EXPLANATION: Formula is as under:- Rs 10000 deposit into SBI for 3 year at 8% rate of INTERST compounded semi- ANNUALLY calculate. *1. 10000208/200208/200208/200208/200208/200208/200* = 12653.19 Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly? *2. 10000408/400408/400408/400408/400408/400408/400* 408/400408/400408/400408/100408/400408/400 = 12738.36

60.

1.Rs 10000 deposit into SBI for 3 year at 8% rate of interst compounded semi- annually calculate.2. Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?

Answer»

Answer:

EXPLANATION:

Formula is as under:-

Rs 10000 deposit into SBI for 3 year at 8% rate of INTERST compounded semi- ANNUALLY calculate.

1. 10000*208/200*208/200*208/200*208/200*208/200*208/200

= 12653.19

Rs 10000 deposit into SBI for 3 year at 8% rate of interest compounded quarterly?

2. 10000*408/400*408/400*408/400*408/400*408/400*408/400

*408/400*408/400*408/400*408/100*408/400*408/400

= 12738.36

Discussion

61.	The inllowing particulars are available in respect of the business at50.000*50.000 (Profit)12.200 (Profit)15.000 (Profit)21,000 (Profit)a Market rate of return on investment 8%.Rate of risk return on Capital invested in the business 2%.Ramuneration from alternative employment of the proprietobusiness? 3.500 per annum.Compute the value of goodwill of the business on the basis of 3 yeo average profits of last four years as actual profits.profil
Answer» Refer To The Attachment :) MANGO A FLESHY fruit, eaten ripe or used green for pickles etc., of the tree MANGIFERA indica, the mango is ONE of the most important and widely cultivated fruits of the tropical world

61.

The inllowing particulars are available in respect of the business at50.000*50.000 (Profit)12.200 (Profit)15.000 (Profit)21,000 (Profit)a Market rate of return on investment 8%.Rate of risk return on Capital invested in the business 2%.Ramuneration from alternative employment of the proprietobusiness? 3.500 per annum.Compute the value of goodwill of the business on the basis of 3 yeo average profits of last four years as actual profits.profil

Answer»

Refer To The Attachment :)

MANGO

A FLESHY fruit, eaten ripe or used green for pickles etc., of the tree MANGIFERA indica, the mango is ONE of the most important and widely cultivated fruits of the tropical world

Discussion

62.	The sales day book is undercast by 3150
Answer» ANSWER: pura question likho TAB batao

62.

The sales day book is undercast by 3150

Answer»

ANSWER:

pura question likho TAB batao

Discussion

63.	Limitations of financial accounting have made management to realize the importance of cost accounting.” Comment.
Answer» ANSWER: YES Explanation: yes it is CORRECT THANK you

63.

Limitations of financial accounting have made management to realize the importance of cost accounting.” Comment.

Answer»

ANSWER:

YES

Explanation:

yes it is CORRECT

THANK you

Discussion

64.	On 15th September, 2019 Kunal purchased goods from Kishorilal for 38,000 and Kunal gave his acceptance after sight for 60 days on 18th September, 2019 for the amount due. Kishorilal deposited the bill into bank for collection on the same day. Kunal honoured his acceptance on the due date. Bank charged 150 as bank charges.Give journal entries in the books of Kishorilal and Kunal.
Answer» ANSWER: NAHI AATA answer MUJHE... XD

64.

On 15th September, 2019 Kunal purchased goods from Kishorilal for 38,000 and Kunal gave his acceptance after sight for 60 days on 18th September, 2019 for the amount due. Kishorilal deposited the bill into bank for collection on the same day. Kunal honoured his acceptance on the due date. Bank charged 150 as bank charges.Give journal entries in the books of Kishorilal and Kunal.

Answer»

ANSWER:

NAHI AATA answer MUJHE... XD

Discussion

65.	13/पारस, विकास और नितिन एक फर्म में साझेदार हैं। 1 जनवरी, 2018 को उनकी पूँजी क्रमशः1,00,000 रु.; 80,000 रु. और 60,000 रु. है और लाभ वितरण करने का अनुपात 3 : 1 : 1 है।पूँजी पर 5% की दर से ब्याज दिया जाता है तथा पारस को 8,000 रु. और विकास को 6,000 रु.प्रतिवर्ष वेतन मिलता है। वर्ष में फर्म को 62,000 रु. का लाभ हुआ। प्रत्येक साझेदार ने वर्ष में अपनेनिजी प्रयोग के लिए लाभ में से 5,000 रु. निकाले। उपर्युक्त व्यवहारों के लिए लाभ-हानि खाताबनाइये तथा साझेदारों के पूँजी खाते (1) स्थायी पूँजी पद्धति तथा (2) परिवर्तनशील पूँजी पद्धति सेबनाइये।
Answer» Answer: Paras Vilas and Nitin are partners in a firm. On 1st January, 2018 their capital was 1,00.000, 80,000 and 60,000 RESPECTIVELY. Their RATIO of profit distribution is 3: 1: 1. Interest @ 5% is given on their capital and Paras gets ? 8,000 and Vikash 6,000 per annum as salary. During the YEAR the firm earned profit of ₹ 62,000. In the year each partner suithdrew for personal use ₹5,000 from the profit. From the above statement PREPARE Profit and Loss Ale and Partners Capital Alc- ) By Fixed Capital Method : and (ii) By Fluctuating Method. [ Ans. Net Profit to Paras₹21,600, Vikas ₹7,200, Nitin ₹ 7,200; (O Balance of Current Ac- Paras ₹29,600, Vikas ₹ 12,200, Nitin ₹5,200 (m) Balance of Capital Alc- Paras ? 1,29,600, Vikash 92,200, Nitin ₹65.2001

65.

13/पारस, विकास और नितिन एक फर्म में साझेदार हैं। 1 जनवरी, 2018 को उनकी पूँजी क्रमशः1,00,000 रु.; 80,000 रु. और 60,000 रु. है और लाभ वितरण करने का अनुपात 3 : 1 : 1 है।पूँजी पर 5% की दर से ब्याज दिया जाता है तथा पारस को 8,000 रु. और विकास को 6,000 रु.प्रतिवर्ष वेतन मिलता है। वर्ष में फर्म को 62,000 रु. का लाभ हुआ। प्रत्येक साझेदार ने वर्ष में अपनेनिजी प्रयोग के लिए लाभ में से 5,000 रु. निकाले। उपर्युक्त व्यवहारों के लिए लाभ-हानि खाताबनाइये तथा साझेदारों के पूँजी खाते (1) स्थायी पूँजी पद्धति तथा (2) परिवर्तनशील पूँजी पद्धति सेबनाइये।

Answer»

Answer:

Paras Vilas and Nitin are partners in a firm. On 1st January, 2018 their capital was

*1,00.000, 80,000 and 60,000 RESPECTIVELY. Their RATIO of profit distribution is 3: 1: 1.

Interest @ 5% is given on their capital and Paras gets ? 8,000 and Vikash 6,000 per annum

as salary. During the YEAR the firm earned profit of ₹ 62,000. In the year each partner

suithdrew for personal use ₹5,000 from the profit.

From the above statement PREPARE Profit and Loss Ale and Partners Capital Alc-

) By Fixed Capital Method : and (ii) By Fluctuating Method.

[ Ans. Net Profit to Paras₹21,600, Vikas ₹7,200, Nitin ₹ 7,200;

(O Balance of Current Ac- Paras ₹29,600, Vikas ₹ 12,200, Nitin ₹5,200

(m) Balance of Capital Alc- Paras ? 1,29,600, Vikash * 92,200, Nitin

₹65.2001

Discussion

66.	रुपये Rs.प्रकारहH Ltd. acquire all the share in S Ltd. on 1 January, 2019 and Balance Sheet of two companies on 31March, 2019.विवरण (Particular)एच. लि. (H Ltd.) एस. लि. (S Ltd.)रुपये Rs.I समता एवं दायित्व : Equity and Liabilities :अंशधारी कोष : Shareholder's Fund :अंश पूँजी Share Capital50,00030,000सामान्य संचय (1-4-2019) General Reserve (1-4-2019) 20,00015,000लाभ-हानि खाता Profit and Loss A/c25,00010,000चालू दायित्व Current Liabilitiesलेनदार Creditors20,00015,000IIसम्पत्तियाँ : Assets: :1,15,00070,000विविध सम्पत्तियाँ Sundry Assets65,00070,000एस. लि. में अंश लागत मूल्य पर Shares in S Ltd. at cost50,0001,15,00070,0001-4-2019 को एस. लि. में 3,000 रु. का लाभ शेष था। पूरे वर्ष एस. लि. में लाभ समान दर से अर्जित किया गया।31 मार्च, 2019 का मिश्रित चिट्ठा बनाइए।The Profit and Loss A/c of S Ltd. had Credit Balance of Rs. 3,000 on 1-4-2019. The Profit ofS Ltd. accrued evenly throughout the year. Prepare Consolidated B/S as on 31 March, 2019.
Answer» Explanation: Cytoplasm is a jelly-like SUBSTANCE between the NUCLEUS and the CELL membrane. ... It helps in exchange and STORAGE of substances among cell organelles. Most of the metabolic reactions also occur INSIDE cytoplasm.

66.

रुपये Rs.प्रकारहH Ltd. acquire all the share in S Ltd. on 1 January, 2019 and Balance Sheet of two companies on 31March, 2019.विवरण (Particular)एच. लि. (H Ltd.) एस. लि. (S Ltd.)रुपये Rs.I समता एवं दायित्व : Equity and Liabilities :अंशधारी कोष : Shareholder's Fund :अंश पूँजी Share Capital50,00030,000सामान्य संचय (1-4-2019) General Reserve (1-4-2019) 20,00015,000लाभ-हानि खाता Profit and Loss A/c25,00010,000चालू दायित्व Current Liabilitiesलेनदार Creditors20,00015,000IIसम्पत्तियाँ : Assets: :1,15,00070,000विविध सम्पत्तियाँ Sundry Assets65,00070,000एस. लि. में अंश लागत मूल्य पर Shares in S Ltd. at cost50,0001,15,00070,0001-4-2019 को एस. लि. में 3,000 रु. का लाभ शेष था। पूरे वर्ष एस. लि. में लाभ समान दर से अर्जित किया गया।31 मार्च, 2019 का मिश्रित चिट्ठा बनाइए।The Profit and Loss A/c of S Ltd. had Credit Balance of Rs. 3,000 on 1-4-2019. The Profit ofS Ltd. accrued evenly throughout the year. Prepare Consolidated B/S as on 31 March, 2019.

Answer»

Explanation:

Cytoplasm is a jelly-like SUBSTANCE between the NUCLEUS and the CELL membrane. ... It helps in exchange and STORAGE of substances among cell organelles. Most of the metabolic reactions also occur INSIDE cytoplasm.

Discussion

67.	$1600Adjustmentsclossing stock asons1 -3 -2020Depreciatt megaherory by cez f scents by 203Pord rent & so nadranen1 & loe
Answer» ANSWER: i dont no KE ISKA anser KYA higa soeey reealt sorry mai apka answer nhi de ksto i dont no ke iska anser kya higa soeey reealt sorry mai apka answer nhi de ksto

67.

$1600Adjustmentsclossing stock asons1 -3 -2020Depreciatt megaherory by cez f scents by 203Pord rent & so nadranen1 & loe

Answer»

ANSWER:

i dont no KE ISKA anser KYA higa soeey reealt sorry mai apka answer nhi de ksto

i dont no ke iska anser kya higa soeey reealt sorry mai apka answer nhi de ksto

Discussion

68.	AS-7 deals with accounting for construction contracts in financial statements of ....
Answer» Answer: AS 7 CONSTRUCTION CONTRACT describes and LAYS out the accounting treatment in respect of the REVENUE and costs in relation to a construction contract. AS 7 Construction Contract is to be used in for the accounting of construction contracts in the financial statements of the contractors.

68.

AS-7 deals with accounting for construction contracts in financial statements of ....

Answer»

Answer:

AS 7 CONSTRUCTION CONTRACT describes and LAYS out the accounting treatment in respect of the REVENUE and costs in relation to a construction contract. AS 7 Construction Contract is to be used in for the accounting of construction contracts in the financial statements of the contractors.

Discussion

69.	All questions are compulsory for all Regular and Private students. Marks distribution for all students A limited liability company was incorporated on 14 July, 2019 in order to purchase a running business from 1" April, 2019 Following particulars are available from its record ay Total Sale 2019-20 Rs. 80.000 (HD) Sales from 1 April 2019 to 30 June, 2019 Rs. 20.000 dit Gross Profit for the whole year Rs. 30.000 () Total Expenses of 2019-20 (inchading Director's Fees of Rs. 1,000) Rs. 25,000 v Company's Share Capital Rs. 75,000. Find out profit prior to incorporation and after incorporation and prepare Statement of Protit and Loss in the books of this limited liability company
Answer» Answer: All questions are compulsory for all Regular and Private students. Marks distribution for all students A limited liability company was incorporated on 14 July, 2019 in order to purchase a RUNNING business from 1" APRIL, 2019 Following particulars are available from its record ay Total Sale 2019-20 Rs. 80.000 (HD) Sales from 1 April 2019 to 30 June, 2019 Rs. 20.000 DIT Gross Profit for the whole YEAR Rs. 30.000 () Total Expenses of 2019-20 (inchading Director's Fees of Rs. 1,000) Rs. 25,000 v Company's Share Capital Rs. 75,000. Find out profit prior to incorporation and after incorporation and prepare Statement of Protit and Loss in the books of this limited liability company Explanation: ${\huge{\boxed{\mathcal{\red{ItzNobita࿐}}}}}$

69.

All questions are compulsory for all Regular and Private students. Marks distribution for all students A limited liability company was incorporated on 14 July, 2019 in order to purchase a running business from 1" April, 2019 Following particulars are available from its record ay Total Sale 2019-20 Rs. 80.000 (HD) Sales from 1 April 2019 to 30 June, 2019 Rs. 20.000 dit Gross Profit for the whole year Rs. 30.000 () Total Expenses of 2019-20 (inchading Director's Fees of Rs. 1,000) Rs. 25,000 v Company's Share Capital Rs. 75,000. Find out profit prior to incorporation and after incorporation and prepare Statement of Protit and Loss in the books of this limited liability company

Answer»

Answer:

All questions are compulsory for all Regular and Private students. Marks distribution for all students A limited liability company was incorporated on 14 July, 2019 in order to purchase a RUNNING business from 1" APRIL, 2019 Following particulars are available from its record ay Total Sale 2019-20 Rs. 80.000 (HD) Sales from 1 April 2019 to 30 June, 2019 Rs. 20.000 DIT Gross Profit for the whole YEAR Rs. 30.000 () Total Expenses of 2019-20 (inchading Director's Fees of Rs. 1,000) Rs. 25,000 v Company's Share Capital Rs. 75,000. Find out profit prior to incorporation and after incorporation and prepare Statement of Protit and Loss in the books of this limited liability company

Explanation:

${\huge{\boxed{\mathcal{\red{ItzNobita࿐}}}}}$

Discussion

70.	A limited liability company was incorporated on 1 July, 2019 in order to purchase a cong business from 1' April, 2019. Following particulars are available from its record: (i) Total Sale 2019-20 Rs. 80,000 (11) Sales from 1 April, 2019 to 30 June, 2019 Rs. 20.000 () Gross Profit for the whole year Rs. 30.000 (iv) Total Expenses of 2019-20 (including Director's Fees of Rs. 1,000) Rs. 25,000 (v) Company's Share Capital Rs. 75,000. Find out profit prior to incorporation and after incorporation and prepare Statecent of Profit and Loss in the books of this limited liability company.
Answer» ANSWER: U can CHOOSE nceart for SOLVING

70.

A limited liability company was incorporated on 1 July, 2019 in order to purchase a cong business from 1' April, 2019. Following particulars are available from its record: (i) Total Sale 2019-20 Rs. 80,000 (11) Sales from 1 April, 2019 to 30 June, 2019 Rs. 20.000 () Gross Profit for the whole year Rs. 30.000 (iv) Total Expenses of 2019-20 (including Director's Fees of Rs. 1,000) Rs. 25,000 (v) Company's Share Capital Rs. 75,000. Find out profit prior to incorporation and after incorporation and prepare Statecent of Profit and Loss in the books of this limited liability company.

Answer»

ANSWER:

U can CHOOSE nceart for SOLVING

Discussion

71.	The accounting brean even quantity is 7,440 whits. The cash break even quantity is 6, 8oo Units. life of the project is five years. Annual fixed costs are 170,000. The variable costura yo per enit. The required return is a percent. Ignoring the effect of taxes. What is the financial brean - even quantity ?
Answer» HEY DEAR HOPE it's HELPFUL ❣️

71.

The accounting brean even quantity is 7,440 whits. The cash break even quantity is 6, 8oo Units. life of the project is five years. Annual fixed costs are 170,000. The variable costura yo per enit. The required return is a percent. Ignoring the effect of taxes. What is the financial brean - even quantity ?

Answer»

HEY DEAR HOPE it's HELPFUL ❣️

Discussion

72.	Accounting works as a tool for measuring past performance of the _____ enterprises.
Answer» EXPLANATION: SORRY i doesn't KNOW this answer maf KARNA

72.

Accounting works as a tool for measuring past performance of the _____ enterprises.

Answer»

EXPLANATION:

SORRY

i doesn't KNOW this answer

maf KARNA

Discussion

73.	What is decreased by the amount of losses incurred and the amounts with drawn by the proprietor?
Answer» Answer: Generally, incurred losses are the actual losses paid and outstanding, INTEREST on judgments, expenses incurred to obtain third-party recoveries, and allocated LOSS adjustment expenses; 2) paid claims, case RESERVES, and IBNR reserves until ultimate incurred claims are reached, at which time there is no remaining IBNR. Hope it helps. Please follow . Please thanks.

73.

What is decreased by the amount of losses incurred and the amounts with drawn by the proprietor?

Answer»

Answer:

Generally, incurred losses are the actual losses paid and outstanding, INTEREST on judgments, expenses incurred to obtain third-party recoveries, and allocated LOSS adjustment expenses; 2) paid claims, case RESERVES, and IBNR reserves until ultimate incurred claims are reached, at which time there is no remaining IBNR.

Hope it helps.

Please follow .

Please thanks.

Discussion

74.	Deposit are of a company. a) member b) creditors c) debtors
Answer» DEPOSIT are of a company. a) MEMBER B) CREDITORS C) debtors b) creditors

74.

Deposit are of a company. a) member b) creditors c) debtors

Answer»

DEPOSIT are of a company.

a) MEMBER B) CREDITORS C) debtors

b) creditors

Discussion

75.	What is the credit balance of profit & loss appropriation account called?
Answer» ANSWER: CREDIT BALANCE of profit and loss ACCOUNT is profit. ••••••••••••••••• ••••••••••••••••

75.

What is the credit balance of profit & loss appropriation account called?

Answer»

ANSWER:

CREDIT BALANCE of profit and loss ACCOUNT is profit.

•••••••••••••••••

••••••••••••••••

Discussion

76.	Goods of 8000 destroyed by fire and insurance company admited a claim of 6000 only. please someone tell the trial balance
Answer» ANSWER: okkkkkkkkkkkkkkkkkkkkkkk

76.

Goods of 8000 destroyed by fire and insurance company admited a claim of 6000 only. please someone tell the trial balance

Answer»

ANSWER:

okkkkkkkkkkkkkkkkkkkkkkk

Discussion

77.	The balance sheet shelhar and shridhar as on 31st march 2019 is set out below , thay share profits and losses in the ratio of 3:2
Answer» ANSWER: PLEASE SEND the WHOLE QUESTION to answer it.

77.

The balance sheet shelhar and shridhar as on 31st march 2019 is set out below , thay share profits and losses in the ratio of 3:2

Answer»

ANSWER:

PLEASE SEND the WHOLE QUESTION to answer it.

Discussion

78.	Stat wheter discount recieved in income or expense
Answer» ANSWER: DISCOUNTS ALLOWED REPRESENT a debit or expense, while discount received are registered as a credit or income. Both discounts allowed and discounts received can be further divided into TRADE and cash discounts.

78.

Stat wheter discount recieved in income or expense

Answer»

ANSWER:

DISCOUNTS ALLOWED REPRESENT a debit or expense, while discount received are registered as a credit or income. Both discounts allowed and discounts received can be further divided into TRADE and cash discounts.

Discussion

79.	शाखाएँ कितने प्रकार की होती हैं
Answer» ANSWER: विज्ञान की प्रमुख शाखाएँ एवं अध्ययन–विषय शाखा अध्ययन का विषय एयरोनॉटिक्स विमानों की उड़ान खगोलिकी (एस्ट्रोनॉमी) तारों एवं ग्रहों से संबंधित विषय तथा आकाशीय पिंडों का अध्ययन एग्रोलॉजी भूमि (मिट्‌टी) का अध्ययन कीटविज्ञान (एंटोमोलॉज\| कीटविज्ञान (एंटोमोलॉजी) कीट एवं संबंधित

79.

शाखाएँ कितने प्रकार की होती हैं

Answer»

ANSWER:

विज्ञान की प्रमुख शाखाएँ एवं अध्ययन–विषय

शाखा अध्ययन का विषय

एयरोनॉटिक्स विमानों की उड़ान

खगोलिकी (एस्ट्रोनॉमी) तारों एवं ग्रहों से संबंधित विषय तथा आकाशीय पिंडों का अध्ययन

एग्रोलॉजी भूमि (मिट्‌टी) का अध्ययन

कीटविज्ञान (एंटोमोलॉज| कीटविज्ञान (एंटोमोलॉजी) कीट एवं संबंधित

Discussion

80.	Find out the net income from the following figures related to the year 2021 opening stock 10000 purchase 25000 direct expenses 1000 closing stock 5000 operating expenses 2000 sales 40000
Answer» Explanation: CLOSING stock = (OPENING stock + PURCHASES + gross profit) - SALES = (1,00,000 + 6,00,000 + 1,00,000)- 5,00,000 = 8,20,000 - 5,00,000 = 3,00,000 Working note:- CALCULATION of gross profit (Gross profit is 25% of cost because we don't have cost we will calculate it with the help of sales) If cost is 100 gross profit is 25% of cost then sale will be Gross profit + cost Hence 100 +25 = 125 therefore, gross profit = 25/125 x 5,00,000 = 1,00,000

80.

Find out the net income from the following figures related to the year 2021 opening stock 10000 purchase 25000 direct expenses 1000 closing stock 5000 operating expenses 2000 sales 40000

Answer»

Explanation:

CLOSING stock = (OPENING stock + PURCHASES + gross profit) - SALES

= (1,00,000 + 6,00,000 + 1,00,000)- 5,00,000

= 8,20,000 - 5,00,000

= 3,00,000

Working note:- CALCULATION of gross profit

(Gross profit is 25% of cost because we don't have cost we will calculate it with the help of sales)

If cost is 100 gross profit is 25% of cost then sale will be Gross profit + cost

Hence 100 +25 = 125

therefore,

gross profit = 25/125 x 5,00,000

= 1,00,000

Discussion

81.	What is meant by sale on return basis?
Answer» Explanation: Sale or RETURN basis accounting is a term USED to refer to an arrangement whereby a business SENDS goods to a CUSTOMER and GIVES them the option to either approve and retain the goods or to return them within an agreed period of time

81.

What is meant by sale on return basis?

Answer»

Explanation:

Sale or RETURN basis accounting is a term USED to refer to an arrangement whereby a business SENDS goods to a CUSTOMER and GIVES them the option to either approve and retain the goods or to return them within an agreed period of time

Discussion

82.	Q4 Following is the Balance Sheet and Receipts and Payments Account of the Sevagiri Hospital, Satara. Prepare Income and Expenditure account for the year ended on 31st March, 2019 and Balance Sheet as on that date. [12]
Answer» ANSWER: eosotostsotsgoisgstisitstitisstististitisitsstostootssoystoost

82.

Q4 Following is the Balance Sheet and Receipts and Payments Account of the Sevagiri Hospital, Satara. Prepare Income and Expenditure account for the year ended on 31st March, 2019 and Balance Sheet as on that date. [12]

Answer»

ANSWER:

eosotostsotsgoisgstisitstitisstististitisitsstostootssoystoost

Discussion

83.	What is life premium ? kya tum online ho?
Answer» Answer: Life INSURANCE is a contract between an insurance policy HOLDER and an insurer or assurer, where the insurer PROMISES to PAY a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. Explanation: hello friend how are you and your family??

83.

What is life premium ? kya tum online ho?

Answer»

Answer:

Life INSURANCE is a contract between an insurance policy HOLDER and an insurer or assurer, where the insurer PROMISES to PAY a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment.

Explanation:

hello friend

how are you and your family??

Discussion

84.	Average profit of a firm comes as Rs. 54,000 ; Normal profit is Rs. 40,000. Valuation of goodwill under annuity method where value of annuity is 3.78 will be
Answer» ANSWER: Number of years’ PURCHASE = 3 Explanation: MARK as brainlist

84.

Average profit of a firm comes as Rs. 54,000 ; Normal profit is Rs. 40,000. Valuation of goodwill under annuity method where value of annuity is 3.78 will be

Answer»

ANSWER:

Number of years’ PURCHASE = 3

Explanation:

MARK as brainlist

Discussion

85.	From the following particulars, calculatei) BEP in terms of sales value and in units.ii) No. of units that must be sold to earn a profit of ₹ 90,000.Fixed factory overheads - ₹ 60,000Fixed selling overheads - ₹ 12,000Variable manufacturing cost per unit - ₹ 12Variable selling cost per unit - ₹ 3Selling price per unit - ₹ 24
Answer» Answer: 5428746833665555255555555

85.

From the following particulars, calculatei) BEP in terms of sales value and in units.ii) No. of units that must be sold to earn a profit of ₹ 90,000.Fixed factory overheads - ₹ 60,000Fixed selling overheads - ₹ 12,000Variable manufacturing cost per unit - ₹ 12Variable selling cost per unit - ₹ 3Selling price per unit - ₹ 24

Answer»

Answer:

5428746833665555255555555

Discussion

86.	0Illued at the same rate as that of the previous year whichPrepare Virad's Capital Account to be presented to his Executors as on 1st October, 2013.V31. The Balance Sheet of A, B and C who were sharing profits in the ratio of 3:3:4 as at 31st March, 2019 was(Delhi 2014)[Ans.: Transfer to Virad's Executors' Account_35,70,000.]as follows:BALANCE SHEET OF A, B AND C as at 31st March, 2019Liabilities₹Assets₹General ReserveBills PayableLoan from BankCapitals:40,00015,00030,000CashStockInvestmentsLand and Buildings4,00043,00070,0001,58,000ABс C60,00090,00040,0001,90,0002,75,0002,75,000
Answer» ANSWER: je amar dike na takiye bollo ami na HO W MAIN Street suite and the time to get a na ho w the kids will you

86.

0Illued at the same rate as that of the previous year whichPrepare Virad's Capital Account to be presented to his Executors as on 1st October, 2013.V31. The Balance Sheet of A, B and C who were sharing profits in the ratio of 3:3:4 as at 31st March, 2019 was(Delhi 2014)[Ans.: Transfer to Virad's Executors' Account_35,70,000.]as follows:BALANCE SHEET OF A, B AND C as at 31st March, 2019Liabilities₹Assets₹General ReserveBills PayableLoan from BankCapitals:40,00015,00030,000CashStockInvestmentsLand and Buildings4,00043,00070,0001,58,000ABс C60,00090,00040,0001,90,0002,75,0002,75,000

Answer»

ANSWER:

je amar dike na takiye bollo ami na HO W MAIN Street suite and the time to get a na ho w the kids will you

Discussion

87.	Q.3 X and Y are the two partners of the firm sharing their profit in the ratio of 7:3. On 1st jan 2000 their capitals are Rs. 5,00,000 and Rs. 3,00,000. As per the deed interest on capital was charged @ 10%p.a. Drawing of partners were Rs 30,000 and Rs. 20,000. On which interest is received Rs. 3,000 and Rs. 2,000.X is entitled to have a salary of Rs. 4,000 per month and Y is entitled for Rs. 24,000. Commission payable to X and Y are Rs 4,000 and Rs. 5,000. Bonus for both the partner's are Rs. 2,000 and Rs. 4,000. Firm transfer 10% to general reserve profit for the year was Rs. 3,00,000. Prepare profit and loss appropriation account and partner's capital A/c in both the condition.
Answer» ANSWER: RS 3,00,000 hope it's HELP you!!!

87.

Q.3 X and Y are the two partners of the firm sharing their profit in the ratio of 7:3. On 1st jan 2000 their capitals are Rs. 5,00,000 and Rs. 3,00,000. As per the deed interest on capital was charged @ 10%p.a. Drawing of partners were Rs 30,000 and Rs. 20,000. On which interest is received Rs. 3,000 and Rs. 2,000.X is entitled to have a salary of Rs. 4,000 per month and Y is entitled for Rs. 24,000. Commission payable to X and Y are Rs 4,000 and Rs. 5,000. Bonus for both the partner's are Rs. 2,000 and Rs. 4,000. Firm transfer 10% to general reserve profit for the year was Rs. 3,00,000. Prepare profit and loss appropriation account and partner's capital A/c in both the condition.

Answer»

ANSWER:

RS 3,00,000

hope it's HELP you!!!

Discussion

88.	PLEASE DO AS FAST AS POSSIBLE! THE ONE WHO ANSWERS ALL OF THEM I WILL MARK BRAINLIESTPrepare Journal, Ledger and Trial BalanceComprehensive Project (Including GST)Keshav, a boy from Jaipur District of Rajasthan belongs from farming background. While he was in hishigh school, he realised that the quality of school bags, shoes and stationery etc. was not so good andexpensive too. He then completed his Graduation in commerce and decided to start a soleproprietorship business of providing high quality school bags, shoes and stationery etc., as their needis rising at a rapid pace.He found some good wholesaler and retailers in this field. Keshav suggested his father to start a soleproprietorship business of selling stationery (which includes low cost school uniforms, school bag,school shoes, stationery and books etc.). For this purpose, he took Rs.15,00,000 from his father on 1stApril 2018 and started the business on the same day. He opened a bank account with ICICI bank bydepositing Rs.40,000.On 2nd April 2018 he took loan from ICICI Bank worth Rs.5,00,000 for business @ 8% p.a. interest.Following transactions took place during process:• Purchased goods in cash Rs.50,000 and on credit Rs.30,000 from Ramesh Traders plus GST12% (within the state).• Purchase stationery for office use Rs.1,000 plus GST 12%.• Building purchased for office use Rs.8,00,000.• Sold goods in cash Rs.40,000 (GST 12%).• Sold goods on credit to Mr. Mohit Rs.10,000 (GST 12%).• Transportation expenses paid Rs.800.• Printing machinery purchased from Delhi for Rs.2,00,000 (IGST 18%).• Cash paid to Ramesh Traders on account Rs.25,000.• Cash received from Mr. Mohit Rs.8,000 on account.• Additional capital introduced Rs.1,00,000.• Purchased furniture for office use Rs.30,000 (GST 18%).• Cheque received from Mr. Mohit for remaining amount.• Goods purchased in cash Rs.40,000 (GST 12%).• Cheque of Mr. Mohit was deposited into bank.• Cash deposited into bank Rs.50,000.• Remaining cash paid to Ramesh Traders by cheque.• Cheque of Mr. Mohit was dishonoured.• Interest allowed by bank Rs.5,000.• Goods purchased on credit from Ramesh Traders Rs.60,000 (GST 12%).• Goods purchased in cash Rs.50,000 (GST 12%).• Withdrawn from bank for office use Rs.20,000.• Bank charges Rs.200.• Goods sold in cash Rs.25,000 (GST 12%).• Goods sold on credit to Mahesh Traders Rs.20,000 (GST 12%).• Cash received from Mr. Mohit Rs.2,000.• Paid cash Rs.40,000 and cheque of Rs.16,000 to Ramesh Traders.• Interest on bank loan paid Rs.40,000.• Purchase return Rs.4,000 to Ramesh Traders (GST 12%).• Sales return Rs.6,000 to Mahesh Traders (GST 12%).• Computer purchased for office use Rs.20,000 (Plus GST 18%)• Goods sold in cash Rs.2,00,000 (GST 12%)• Opened a new office in nearby city and paid Rent Rs.15,000 (which includes advance rentRs.5,000).• Salaries paid Rs.20,000.Following expenses were made and cash paid by the business:Personal Expenses: (i) Life insurance premium Rs.2,000(ii) Income tax paid Rs.10,000Direct Expenses: (i) Expenses on purchase Rs.5,000(ii) Other direct expenses Rs.15,000Indirect Expenses: (i) Selling expenses Rs.20,000 (including advertisement and electricityexpenses)(ii) Office expenses Rs.10,000 (including Tea expenses, Telephone and internet expenses)As an accountant you are required to prepare Journal entries, Ledger and Trial Balance.
Answer» Explanation: PLEASE DO AS FAST AS POSSIBLE! THE ONE WHO ANSWERS ALL OF THEM I WILL MARK BRAINLIEST Prepare Journal, Ledger and Trial Balance Comprehensive Project (Including GST) Keshav, a boy from Jaipur District of Rajasthan BELONGS from farming background. While he was in his high school, he realised that the quality of school bags, shoes and stationery etc. was not so good and expensive too. He then completed his Graduation in commerce and decided to start a sole proprietorship business of providing high quality school bags, shoes and stationery etc., as their need is rising at a rapid pace. He found some good wholesaler and retailers in this field. Keshav suggested his father to start a sole proprietorship business of selling stationery (which includes low cost school uniforms, school bag, school shoes, stationery and books etc.). For this purpose, he took Rs.15,00,000 from his father on 1 st April 2018 and started the business on the same DAY. He opened a bank account with ICICI bank by depositing Rs.40,000. On 2nd April 2018 he took loan from ICICI Bank worth Rs.5,00,000 for business @ 8% p.a. interest. Following transactions took place during process: • Purchased goods in cash Rs.50,000 and on credit Rs.30,000 from Ramesh Traders plus GST 12% (within the state). • Purchase stationery for office use Rs.1,000 plus GST 12%. • Building purchased for office use Rs.8,00,000. • Sold goods in cash Rs.40,000 (GST 12%). • Sold goods on credit to Mr. Mohit Rs.10,000 (GST 12%). • Transportation expenses PAID Rs.800. • Printing machinery purchased from Delhi for Rs.2,00,000 (IGST 18%). • Cash paid to Ramesh Traders on account Rs.25,000. • Cash received from Mr. Mohit Rs.8,000 on account. • Additional capital introduced Rs.1,00,000. • Purchased furniture for office use Rs.30,000 (GST 18%). • Cheque received from Mr. Mohit for remaining amount. • Goods purchased in cash Rs.40,000 (GST 12%). • Cheque of Mr. Mohit was deposited into bank. • Cash deposited into bank Rs.50,000. • Remaining cash paid to Ramesh Traders by cheque. • Cheque of Mr. Mohit was dishonoured. • Interest allowed by bank Rs.5,000. • Goods purchased on credit from Ramesh Traders Rs.60,000 (GST 12%). • Goods purchased in cash Rs.50,000 (GST 12%). • Withdrawn from bank for office use Rs.20,000. • Bank charges Rs.200. • Goods sold in cash Rs.25,000 (GST 12%). • Goods sold on credit to MAHESH Traders Rs.20,000 (GST 12%). • Cash received from Mr. Mohit Rs.2,000. • Paid cash Rs.40,000 and cheque of Rs.16,000 to Ramesh Traders. • Interest on bank loan paid Rs.40,000. • Purchase return Rs.4,000 to Ramesh Traders (GST 12%). • Sales return Rs.6,000 to Mahesh Traders (GST 12%). • Computer purchased for office use Rs.20,000 (Plus GST 18%) • Goods sold in cash Rs.2,00,000 (GST 12%) • Opened a new office in nearby city and paid Rent Rs.15,000 (which includes advance rent Rs.5,000). • Salaries paid Rs.20,000. Following expenses were made and cash paid by the business: Personal Expenses: (i) Life insurance premium Rs.2,000 (ii) Income tax paid Rs.10,000 Direct Expenses: (i) Expenses on purchase Rs.5,000 (ii) Other direct expenses Rs.15,000 Indirect Expenses: (i) Selling expenses Rs.20,000 (including advertisement and electricity expenses) (ii) Office expenses Rs.10,000 (including Tea expenses, Telephone and internet expenses) As an accountant you are required to prepare Journal entries, Ledger and Trial Balance.

88.

PLEASE DO AS FAST AS POSSIBLE! THE ONE WHO ANSWERS ALL OF THEM I WILL MARK BRAINLIESTPrepare Journal, Ledger and Trial BalanceComprehensive Project (Including GST)Keshav, a boy from Jaipur District of Rajasthan belongs from farming background. While he was in hishigh school, he realised that the quality of school bags, shoes and stationery etc. was not so good andexpensive too. He then completed his Graduation in commerce and decided to start a soleproprietorship business of providing high quality school bags, shoes and stationery etc., as their needis rising at a rapid pace.He found some good wholesaler and retailers in this field. Keshav suggested his father to start a soleproprietorship business of selling stationery (which includes low cost school uniforms, school bag,school shoes, stationery and books etc.). For this purpose, he took Rs.15,00,000 from his father on 1stApril 2018 and started the business on the same day. He opened a bank account with ICICI bank bydepositing Rs.40,000.On 2nd April 2018 he took loan from ICICI Bank worth Rs.5,00,000 for business @ 8% p.a. interest.Following transactions took place during process:• Purchased goods in cash Rs.50,000 and on credit Rs.30,000 from Ramesh Traders plus GST12% (within the state).• Purchase stationery for office use Rs.1,000 plus GST 12%.• Building purchased for office use Rs.8,00,000.• Sold goods in cash Rs.40,000 (GST 12%).• Sold goods on credit to Mr. Mohit Rs.10,000 (GST 12%).• Transportation expenses paid Rs.800.• Printing machinery purchased from Delhi for Rs.2,00,000 (IGST 18%).• Cash paid to Ramesh Traders on account Rs.25,000.• Cash received from Mr. Mohit Rs.8,000 on account.• Additional capital introduced Rs.1,00,000.• Purchased furniture for office use Rs.30,000 (GST 18%).• Cheque received from Mr. Mohit for remaining amount.• Goods purchased in cash Rs.40,000 (GST 12%).• Cheque of Mr. Mohit was deposited into bank.• Cash deposited into bank Rs.50,000.• Remaining cash paid to Ramesh Traders by cheque.• Cheque of Mr. Mohit was dishonoured.• Interest allowed by bank Rs.5,000.• Goods purchased on credit from Ramesh Traders Rs.60,000 (GST 12%).• Goods purchased in cash Rs.50,000 (GST 12%).• Withdrawn from bank for office use Rs.20,000.• Bank charges Rs.200.• Goods sold in cash Rs.25,000 (GST 12%).• Goods sold on credit to Mahesh Traders Rs.20,000 (GST 12%).• Cash received from Mr. Mohit Rs.2,000.• Paid cash Rs.40,000 and cheque of Rs.16,000 to Ramesh Traders.• Interest on bank loan paid Rs.40,000.• Purchase return Rs.4,000 to Ramesh Traders (GST 12%).• Sales return Rs.6,000 to Mahesh Traders (GST 12%).• Computer purchased for office use Rs.20,000 (Plus GST 18%)• Goods sold in cash Rs.2,00,000 (GST 12%)• Opened a new office in nearby city and paid Rent Rs.15,000 (which includes advance rentRs.5,000).• Salaries paid Rs.20,000.Following expenses were made and cash paid by the business:Personal Expenses: (i) Life insurance premium Rs.2,000(ii) Income tax paid Rs.10,000Direct Expenses: (i) Expenses on purchase Rs.5,000(ii) Other direct expenses Rs.15,000Indirect Expenses: (i) Selling expenses Rs.20,000 (including advertisement and electricityexpenses)(ii) Office expenses Rs.10,000 (including Tea expenses, Telephone and internet expenses)As an accountant you are required to prepare Journal entries, Ledger and Trial Balance.

Answer»

Explanation:

PLEASE DO AS FAST AS POSSIBLE! THE ONE WHO ANSWERS ALL OF THEM I WILL MARK BRAINLIEST

Prepare Journal, Ledger and Trial Balance

Comprehensive Project (Including GST)

Keshav, a boy from Jaipur District of Rajasthan BELONGS from farming background. While he was in his

high school, he realised that the quality of school bags, shoes and stationery etc. was not so good and

expensive too. He then completed his Graduation in commerce and decided to start a sole

proprietorship business of providing high quality school bags, shoes and stationery etc., as their need

is rising at a rapid pace.

He found some good wholesaler and retailers in this field. Keshav suggested his father to start a sole

proprietorship business of selling stationery (which includes low cost school uniforms, school bag,

school shoes, stationery and books etc.). For this purpose, he took Rs.15,00,000 from his father on 1

st

April 2018 and started the business on the same DAY. He opened a bank account with ICICI bank by

depositing Rs.40,000.

On 2nd April 2018 he took loan from ICICI Bank worth Rs.5,00,000 for business @ 8% p.a. interest.

Following transactions took place during process:

• Purchased goods in cash Rs.50,000 and on credit Rs.30,000 from Ramesh Traders plus GST

12% (within the state).

• Purchase stationery for office use Rs.1,000 plus GST 12%.

• Building purchased for office use Rs.8,00,000.

• Sold goods in cash Rs.40,000 (GST 12%).

• Sold goods on credit to Mr. Mohit Rs.10,000 (GST 12%).

• Transportation expenses PAID Rs.800.

• Printing machinery purchased from Delhi for Rs.2,00,000 (IGST 18%).

• Cash paid to Ramesh Traders on account Rs.25,000.

• Cash received from Mr. Mohit Rs.8,000 on account.

• Additional capital introduced Rs.1,00,000.

• Purchased furniture for office use Rs.30,000 (GST 18%).

• Cheque received from Mr. Mohit for remaining amount.

• Goods purchased in cash Rs.40,000 (GST 12%).

• Cheque of Mr. Mohit was deposited into bank.

• Cash deposited into bank Rs.50,000.

• Remaining cash paid to Ramesh Traders by cheque.

• Cheque of Mr. Mohit was dishonoured.

• Interest allowed by bank Rs.5,000.

• Goods purchased on credit from Ramesh Traders Rs.60,000 (GST 12%).

• Goods purchased in cash Rs.50,000 (GST 12%).

• Withdrawn from bank for office use Rs.20,000.

• Bank charges Rs.200.

• Goods sold in cash Rs.25,000 (GST 12%).

• Goods sold on credit to MAHESH Traders Rs.20,000 (GST 12%).

• Cash received from Mr. Mohit Rs.2,000.

• Paid cash Rs.40,000 and cheque of Rs.16,000 to Ramesh Traders.

• Interest on bank loan paid Rs.40,000.

• Purchase return Rs.4,000 to Ramesh Traders (GST 12%).

• Sales return Rs.6,000 to Mahesh Traders (GST 12%).

• Computer purchased for office use Rs.20,000 (Plus GST 18%)

• Goods sold in cash Rs.2,00,000 (GST 12%)

• Opened a new office in nearby city and paid Rent Rs.15,000 (which includes advance rent

Rs.5,000).

• Salaries paid Rs.20,000.

Following expenses were made and cash paid by the business:

Personal Expenses: (i) Life insurance premium Rs.2,000

(ii) Income tax paid Rs.10,000

Direct Expenses: (i) Expenses on purchase Rs.5,000

(ii) Other direct expenses Rs.15,000

Indirect Expenses: (i) Selling expenses Rs.20,000 (including advertisement and electricity

expenses)

(ii) Office expenses Rs.10,000 (including Tea expenses, Telephone and internet expenses)

As an accountant you are required to prepare Journal entries, Ledger and Trial Balance.

Discussion

89.	Six Sigma ____ belt have received four weeks of training focusing on the Six Sigma roadmap
Answer» ANSWER: six sigma is Black BELT Explanation: I HOPE it will help for U

89.

Six Sigma ____ belt have received four weeks of training focusing on the Six Sigma roadmap

Answer»

ANSWER:

six sigma is Black BELT

Explanation:

I HOPE it will help for U

Discussion

90.	Prepare accounting equationstarted business with cash 100000 and Bank rupees 80000withdraw from Bank 30000 purchased goods from dinesh for 45000sold goods for 20000 at 20% profitpaid to Dinesh 42500 in full settlementelectricity expenses payable 12000
Answer» ANSWER: i don't KNOW the answer.

90.

Prepare accounting equationstarted business with cash 100000 and Bank rupees 80000withdraw from Bank 30000 purchased goods from dinesh for 45000sold goods for 20000 at 20% profitpaid to Dinesh 42500 in full settlementelectricity expenses payable 12000

Answer»

ANSWER:

i don't KNOW the answer.

Discussion

91.	Genoss profit ratio, Net profit ratio, operating sectio, Huquid ratiofind odd one out
Answer»

Discussion

92.	Practical Problems1.A company offers to its shareholders the right to one share of 100 each at 3 125 for everythree shares of 100 each held. The market value of shares is * 195. Calculate the value ofright.
Answer» ANSWER: rjudkrnydbnfh fkfmkdhdjwm dntrmf fydmd diem diem diem dhdjfuf chf jd dbd jd jdjdkr he ejjejejje jrjrjiei rjejjr ejjejejje hrjjrj jrjrjiei jrjrjrjme rjrkmdyqfj rbfifkkfjjt tjfkrkkrl ejdkdjmdltj djrkkrlrkr jekrkrikrmt dhrjriroit sjekjfijfmr dkudifjkt d gdkdjrndjd hdkdkkf hdlfjnf dbd. rjdkjdkhr.f dhorjr jemdk theme hfmfj fjmr the jdjrmrjr dhbfhfj dhejjer hdjdjkrr vdhjf hrjriir hejie hdhdjhr heidi hryrurk

92.

Practical Problems1.A company offers to its shareholders the right to one share of 100 each at 3 125 for everythree shares of 100 each held. The market value of shares is * 195. Calculate the value ofright.

Answer»

ANSWER:

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Discussion

93.	(Distribution of old reserves) A and B share profits in 5 : 3 ratio. On 31st March, 2018 they had 20,000 in general reserve and 8,000 in (Dr.) Profit & Loss Alc. The new ratio with effect from 1st April, 2018 will be 3 : 2. It was decided by partners that before bringing the new ratio into force the old profit (Dr.) and general reserve should be distributed. Journalise (Ans. A (Cr.) 7.500: B (Cr.) 4,500)
Answer» Answer: EXPLANATION: DISTRIBUTION OF PROFIT =============================================================== BY GENERAL RESERVE 20,000.00 LESS LOSS (DR P&La/C 8,000.00 NET PROFIT AVAILABLE 12,000.00 TO A = 5/8 7,500.00 TO B = 3/8 4,500.00 ============================================================== TOTAL 12,000.00 12,000.00 ============================================================== NOTE: OLD BALANCE OF PROFIT SHOULD BE DISTRIBUTED IN THE OLD PROFIT SHARING RATIO

93.

(Distribution of old reserves) A and B share profits in 5 : 3 ratio. On 31st March, 2018 they had 20,000 in general reserve and 8,000 in (Dr.) Profit & Loss Alc. The new ratio with effect from 1st April, 2018 will be 3 : 2. It was decided by partners that before bringing the new ratio into force the old profit (Dr.) and general reserve should be distributed. Journalise (Ans. A (Cr.) 7.500: B (Cr.) 4,500)

Answer»

Answer:

EXPLANATION:

DISTRIBUTION OF PROFIT

===============================================================

BY GENERAL RESERVE 20,000.00

LESS LOSS (DR P&La/C 8,000.00

NET PROFIT AVAILABLE 12,000.00

TO A = 5/8 7,500.00

TO B = 3/8 4,500.00

==============================================================

TOTAL 12,000.00 12,000.00

==============================================================

NOTE:

OLD BALANCE OF PROFIT SHOULD BE DISTRIBUTED IN THE OLD PROFIT SHARING RATIO

Discussion

94.	What is profit and loss account
Answer» Answer: 1. when cost PRICE is HIGHER than SELLING price is loss 2. when selling price is higher than cost price is profit

94.

What is profit and loss account

Answer»

Answer:

1. when cost PRICE is HIGHER than SELLING price is loss

2. when selling price is higher than cost price is profit

Discussion

95.	Badal, Advani and navjot are partners in 3/10:9/20and 1/4 sonia was admitted for 1/5 shares. calculate new ratio of partners.
Answer» Answer: EXPLANATION: ★ Old Ratio : BADAL : Advani : Navjot = $= \: \dfrac{3}{10} : \: \dfrac{9}{20} : \dfrac{1}{4}$ Make the denominator same $= \: \dfrac{6}{20} : \dfrac{9}{20} : \dfrac{5}{20}$ Badal's Share = $\dfrac{6}{20}$ Advani's Share = $\dfrac{9}{20}$ Navjot's Share = $\dfrac{5}{20}$ ★ Sonia was admitted for 1/5 share of PROFIT Let, The total share of the business = 1 Remaining Share (old partners) = Total Share – Sonia’s Share Sonia's Share = $\dfrac{1}{5}$ • Remaining Share= $1 \: - \: \dfrac{1}{5} \: = \: \dfrac{4}{5}$ ★ New Profit Sharing Ratio : • Badal's New Share = $\longrightarrow \: \dfrac{4}{5} \: \times \: \dfrac{6}{20} \: = \: \dfrac{<klux>24</klux>}{100}$ Badal's New Share = $\dfrac{24}{100}$ • Advani's New Share = $\longrightarrow \: \dfrac{4}{5} \: \times \: \dfrac{9}{20} \: = \: \dfrac{<klux>36</klux>}{100}$ Advani's New Share = $\dfrac{36}{100}$ • Navjot's New Share = $\longrightarrow \: \dfrac{4}{5} \: \times \: \dfrac{5}{20} \: = \: \dfrac{20}{100}$ Navjot's New Share = $\dfrac{20}{100}$ • Sonia's Share = $\longrightarrow \: \dfrac{1}{5} \: = \: \dfrac{20}{100}$ Sonia's Share = $\dfrac{20}{100}$ New Profit Sharing Ratio : Badal : Advani : Navjot : Sonia $\longrightarrow \: \dfrac{24}{100} : \dfrac{36}{100} : \dfrac{20}{100} : \dfrac{20}{100}$ $\longrightarrow$ 24 : 36 : 20 : 20 = 6 : 9 : 5 : 5 Therefore, New Ratio of Badal, Advani, Navjot and Sonia = 6 : 9 : 5 : 5.

95.

Badal, Advani and navjot are partners in 3/10:9/20and 1/4 sonia was admitted for 1/5 shares. calculate new ratio of partners.

Answer»

Answer:

EXPLANATION:

★ Old Ratio :

BADAL : Advani : Navjot =

$= \: \dfrac{3}{10} : \: \dfrac{9}{20} : \dfrac{1}{4}$

Make the denominator same

$= \: \dfrac{6}{20} : \dfrac{9}{20} : \dfrac{5}{20}$

Badal's Share = $\dfrac{6}{20}$

Advani's Share = $\dfrac{9}{20}$

Navjot's Share = $\dfrac{5}{20}$

★ Sonia was admitted for 1/5 share of PROFIT

Let,

The total share of the business = 1

Remaining Share (old partners) = Total Share – Sonia’s Share

Sonia's Share = $\dfrac{1}{5}$

• Remaining Share=

$1 \: - \: \dfrac{1}{5} \: = \: \dfrac{4}{5}$

★ New Profit Sharing Ratio :

• Badal's New Share =

$\longrightarrow \: \dfrac{4}{5} \: \times \: \dfrac{6}{20} \: = \: \dfrac{<klux>24</klux>}{100}$

Badal's New Share = $\dfrac{24}{100}$

• Advani's New Share =

$\longrightarrow \: \dfrac{4}{5} \: \times \: \dfrac{9}{20} \: = \: \dfrac{<klux>36</klux>}{100}$

Advani's New Share = $\dfrac{36}{100}$

• Navjot's New Share =

$\longrightarrow \: \dfrac{4}{5} \: \times \: \dfrac{5}{20} \: = \: \dfrac{20}{100}$

Navjot's New Share = $\dfrac{20}{100}$

• Sonia's Share =

$\longrightarrow \: \dfrac{1}{5} \: = \: \dfrac{20}{100}$

Sonia's Share = $\dfrac{20}{100}$

New Profit Sharing Ratio :

Badal : Advani : Navjot : Sonia

$\longrightarrow \: \dfrac{24}{100} : \dfrac{36}{100} : \dfrac{20}{100} : \dfrac{20}{100}$

$\longrightarrow$ 24 : 36 : 20 : 20 = 6 : 9 : 5 : 5

Therefore,

New Ratio of Badal, Advani, Navjot and Sonia = 6 : 9 : 5 : 5.

Discussion

96.	20) From the following Trial Balance of Shri Vinay Bhushan prepare Trading and Profit and Loss Account for the year ended 31" December, 2013 and Balance Sheet as on that date. Dr. Cr. ₹ 24,200 4,000 12,900 Stock on 1.1.2013 Cash in Hand Cash at Bank Lease hold premises (lease for five years commencing from 1st July 2013 Machinery Furniture Buildings Drawings Capital Purchases and Sales Debtors and Creditors Returns Freight 20,000 30,000 15,000 50,000 5,000 96,000 50,000 3,000 6,000 1,60,000 1,45,000 40,000 4,300
Answer» Answer: 1,45,000% HOPE it's HELP you!!!

96.

20) From the following Trial Balance of Shri Vinay Bhushan prepare Trading and Profit and Loss Account for the year ended 31" December, 2013 and Balance Sheet as on that date. Dr. Cr. ₹ 24,200 4,000 12,900 Stock on 1.1.2013 Cash in Hand Cash at Bank Lease hold premises (lease for five years commencing from 1st July 2013 Machinery Furniture Buildings Drawings Capital Purchases and Sales Debtors and Creditors Returns Freight 20,000 30,000 15,000 50,000 5,000 96,000 50,000 3,000 6,000 1,60,000 1,45,000 40,000 4,300

Answer»

Answer:

1,45,000%

HOPE it's HELP you!!!

Discussion

97.	ent A/c will be debited by 3,50,000. Q.23. Journalise the following transactions in the books of Kanishk Traders : (1) Sold goods costing 31,20,000 to Charu at a profit of 33% on cost less 15% Trade Discount. (ii) Sold goods Costing 80,000 to Arun against cheque at a profit of 25% on cost less 15% Trade Discount. (iii) Paid by Cheque 38,400 as insurance premium for a period of 12 months starting 1st August 2016. Financial year closes on 31st March every year. [Ans. Total 2,32,200]
Answer» Answer: This information looks superfluous 1. ent A/c will be debited by 3,50,000. 2. Why Answer 2,32,200 Hence ignored. Explanation: 1. Charu A/c DR 35,27,160.00 To sales A/c 35,27,160.00 (Being Sold goods costing 31,20,000 to Charu at a profit of 33% on cost less 15% Trade Discount) 3120000133/10085/100 Trade discount is only recorded ii. Bank A/c Dr 85,000.00 To Sales A/c 85000.00 (being Sold goods Costing 80,000 to Arun against CHEQUE at a profit of 25% on cost less 15% Trade Discount) 80000125/10085/100= Trade discount is only recorded iii. Insurance Premium A/c Dr 25,600.00 Prepaid Expenses A/c Dr 12,800.00 To Bank A/c 38400.00 (Being Paid by Cheque 38,400 as insurance premium for a period of 12 months starting 1ST August 2016, 8 months expenses for this YEAR )

97.

ent A/c will be debited by 3,50,000. Q.23. Journalise the following transactions in the books of Kanishk Traders : (1) Sold goods costing 31,20,000 to Charu at a profit of 33% on cost less 15% Trade Discount. (ii) Sold goods Costing 80,000 to Arun against cheque at a profit of 25% on cost less 15% Trade Discount. (iii) Paid by Cheque 38,400 as insurance premium for a period of 12 months starting 1st August 2016. Financial year closes on 31st March every year. [Ans. Total 2,32,200]

Answer»

Answer:

This information looks superfluous

1. ent A/c will be debited by 3,50,000.

2. Why Answer 2,32,200

Hence ignored.

Explanation:

1. Charu A/c DR 35,27,160.00

To sales A/c 35,27,160.00

(Being Sold goods costing 31,20,000 to Charu at a profit of 33% on cost less 15% Trade Discount)

3120000*133/100*85/100

Trade discount is only recorded

ii. Bank A/c Dr 85,000.00

To Sales A/c 85000.00

(being Sold goods Costing 80,000 to Arun against CHEQUE at a profit of 25% on cost less 15% Trade Discount)

80000*125/100*85/100=

Trade discount is only recorded

iii. Insurance Premium A/c Dr 25,600.00

Prepaid Expenses A/c Dr 12,800.00

To Bank A/c 38400.00

(Being Paid by Cheque 38,400 as insurance premium for a period of 12 months starting 1ST August 2016, 8 months expenses for this YEAR )

Discussion

98.	Sanjay Traders produces the following informations from his inventory records : Opening Stock Purchase Closing Stock Material X11,500 kg. 200 kg.Material Y 200 litre 11,000 litre 1,200 litre Material Z 1,000 kg 1,800 kg. 1,200 kg. The inventory is valued @ * 1 per kg. or litre. Calculate the material turnover ratio the material turnover period.
Answer» Answer: 32000 Explanation: *PLEASE* *MARK* as *Brainlist* *thnku* *BYEE*

98.

Sanjay Traders produces the following informations from his inventory records : Opening Stock Purchase Closing Stock Material X11,500 kg. 200 kg.Material Y 200 litre 11,000 litre 1,200 litre Material Z 1,000 kg 1,800 kg. 1,200 kg. The inventory is valued @ * 1 per kg. or litre. Calculate the material turnover ratio the material turnover period.

Answer»

Answer:

32000

Explanation:

PLEASE MARK as Brainlist

thnku BYEE

Discussion

99.	avtar,sahil and satvir are partners sharing profits and losses in the ratio of 9:6:5.vijay is admitted as a partner for 1/4th share in future profits and losses. sahil sacrifices 1/10th from his share in favour of vijay and rest of the sacrifice was made by avtar and satvir in the ratio of 2:1. calculate new profit-sharing ratio and sacrificing ratio.
Answer» Answer: 4:3 Explanation: *PLEASE* *MARK* as *Brainlist* *thnku* *BYEE*

99.

avtar,sahil and satvir are partners sharing profits and losses in the ratio of 9:6:5.vijay is admitted as a partner for 1/4th share in future profits and losses. sahil sacrifices 1/10th from his share in favour of vijay and rest of the sacrifice was made by avtar and satvir in the ratio of 2:1. calculate new profit-sharing ratio and sacrificing ratio.

Answer»

Answer:

4:3

Explanation:

PLEASE MARK as Brainlist

thnku BYEE

Discussion

100.	An Iron Master produces 40,000 ton of Pig Iron in a year. From the following figures, are the Production Account showing the cost per ton of the various items of expenditure show the cost per ton of Pig Iron produced, after crediting the Production Account + 1,60,000, the amount received on the sale of slag: Stock at the Purchases during the Stock at the end of beginning of the year the year year - ₹ F ₹ Coal 95,000 4,00,000 80,000 Coke 73,000 5,70,000 65,000 Lime Stone 30,000 1,20,000 35,000 Iron Stone 82,000 3,50,000 64,000 Sndries 56,000 1,60,000 60,000 Works General Charges are to be taken at 795,000 and wages at * 3,50,000.
Answer» ANSWER: UDYOG KYA raktachap udyogon TODOS KUDOS y9do6doyxlyxyo Explanation: 5ggh

100.

An Iron Master produces 40,000 ton of Pig Iron in a year. From the following figures, are the Production Account showing the cost per ton of the various items of expenditure show the cost per ton of Pig Iron produced, after crediting the Production Account + 1,60,000, the amount received on the sale of slag: Stock at the Purchases during the Stock at the end of beginning of the year the year year - ₹ F ₹ Coal 95,000 4,00,000 80,000 Coke 73,000 5,70,000 65,000 Lime Stone 30,000 1,20,000 35,000 Iron Stone 82,000 3,50,000 64,000 Sndries 56,000 1,60,000 60,000 Works General Charges are to be taken at 795,000 and wages at * 3,50,000.

Answer»

ANSWER:

UDYOG KYA raktachap udyogon TODOS KUDOS y9do6doyxlyxyo

Explanation:

5ggh

Discussion

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