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| 4551. |
Mahesh A debtors 2000 becomes insolvent 40 percent amount was received from government receiver |
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Answer» Cash A/c Dr. 6,000 Bad Debts A/c Dr. 4,000 To Sohan A/c 10,000 (Being the cash dividend of 60 paise in a RUPEE out of his debt of RS. 10,000 received from Sohan on his insolvency). |
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| 4552. |
m/s sanjeeb enterprises purchesed a plant on 01.04.15 for₹3,70,000 and installed the same at a cost of ₹30,000.on 1st july, 2016 the firm purchased another plant for ₹1,00,000.on 01.07.17,it sold off the first plant purchaaed in 2015 for ₹2,80,000. on the same date, it purchased a new plant for ₹2,50,000. on 01.07.18, the second plant purchased for₹ 1,00,000 was also sold for ₹20,000 show plant account from 2015 to 2018, if depreciation is provided at 10%per annum on the original cost. accounting year ends on 31st December. |
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Answer» sanjeeb ENTERPRISES purchesed a plant on 01.04.15 for₹3,70,000 and installed the same at a cost of ₹30,000.on 1st july, 2016 the firm purchased another plant for ₹1,00,000.on 01.07.17,it sold off the first plant purchaaed in 2015 for ₹2,80,000. on the same date, it purchased a new plant for ₹2,50,000. on 01.07.18, the SECOND plant purchased for₹ 1,00,000 was also sold for ₹20,000 SHOW plant ACCOUNT from 2015 |
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| 4553. |
Business started with cash 100000; bought Navin traders for 50000 |
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Answer» tys67 nfudkjffksycjduoxzhstjxg |
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| 4554. |
According to the going concern concept:1)assets are recorded at cost and are depreciated over their useful life2) Asset are valued at their market value at the year-end and are recorded in the books of account3) Assets are valued at their market value, recorded in the books and depreciation is charged on the market value4) None of the above Plz help me with the question |
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Answer» Answer: 44) NONE of the above wjķoooooow0pww |
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| 4555. |
6. From the following Balance Sheet of Royal Industries Ltd as at 31st March, 2020, prepareYouBalance StreetParticulars1. EQUITY AND LIABILITIES1. Shareholders' Funds(a) Share CapitalEquity Share Capital(b) Reserves and Surplus2. Non-Current LiabilitiesLong-term Borrowings3. Current LiabilitiesTrade Payables3.00.00015.00.0001000,000TotalM. ASSETS1. Non-Current Assets(a) Fixed Assets:8,00.0002.00,000(i) Tangible Assets(ii) Intangible Assets(b) Non-Current Investments2,00.002.00.0002.00,0002. Currents Assets2.50 000(a) Inventories50.000so.no(b) Cash and Cash Equivalents15,00,00010,00,000Total |
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Answer» Answer: It is not clear whether or not the case for It is not a BAD thing, but the fact is that the It is |
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| 4556. |
3Borrowed Loan from Bank of Maharashtra 2,00,000 on 1st October 2019 at rate of 159p.a. Calculate Interest on Bank Loan for the year 2019-20 assuming that the financicyear ends on 31st March, every year. |
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Answer» dmdnndhdhshissnd smdndndb |
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| 4557. |
Opened current account with Bank by issuing cheque from personal account |
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Answer» Answer: BANK is receiver of cash, so bank ACCOUNT will be DEBITED. b) Cash goes out, so cash account will be CREDITED. |
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| 4558. |
X and Y were partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2018 their balancesheet was as follows:Balance Sheet Liabilities Amount Assets Amount` `Sundry Creditors 50,000 Cash 10,000Bills Payable 20,000 Debtors 40,000Outstanding Exp. 10,000 Stock 1,00,000Capital Accounts : Machinery 80,000X 1,80,000 Land and Building 1,00,000Y 70,0003,30,000 3,30,000On the above date Z was admitted as a new partner in the firm for ¼th share in the profits on the following terms :(a) Z will bring Rs.1,20,000 for his capital and Rs.20,000 as his share of premium for goodwill.(b) Machinery was depreciated by 10%.(c) Land and building was appreciated by Rs.30,000.(d) Stock is overvalued by Rs.20,000.(e) A provision for 5% was to be created for doubtful debts.(f) Salary outstanding was Rs.5,000. |
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Answer» RS 500000hshrkrkekeieijehehdhdjieieiieie Explanation: shhshryeyeyye7e77e7e7e6eyeyhshsheyegdyeyejhheuyrywyyeye |
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| 4559. |
Business started with cash 100000 ; bought from Naveen traders for 50000 |
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Answer» don't know Explanation: ................ |
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| 4561. |
Which of the following elements represents a residual claim?Select oneO a. None of the aboveO b. LiabilityO c. Owners' equityd. Asset |
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Answer» this is the answer hope it is USEFUL for you |
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| 4562. |
What are the recent trends in presenting the financial statements ? |
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Answer» Answer: Time savings in creating new financials. Financial Reporting TRENDS to WATCH in 2019Accuracy and CONSISTENCY in tagging. A controllable and reader-friendly PRESENTATION. Time savings in creating new financials.No need to re-tag prior-period financials. |
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| 4564. |
Different between the four trade discount and cash discount |
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Answer» Answer: TRADE discount is offered on the LIST price or the catalogue price that the buyer sees at the time of purchase. The list price gets reduced by a certain PERCENTAGE depending on the QUANTITY purchased. A cash discount is offered to the buyer on the invoice or billed price of the goods and SERVICES. |
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| 4565. |
Transactions are first recorded in the ledger. ture/false |
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Answer» false TRANSACTIONS are FIRST recorded in JOURNAL in chronological order |
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| 4566. |
इतिहासाच्या साधनांचे जतन व्हावे यासाठीकिमान १० उपाय सुचवा. |
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Answer» Baisnwjziswi SHAS SUS wyewiznnsisइविस्श्ब्सुस शस्ब्स्ब्सिस्ब्स्ब्सक्षेब शस्ब्स्ब्सिस्ब्स्ब्सक्षेब shzoqvsuxhsjsuoshiygsosbiysbisglwvzyktshs |
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| 4567. |
Transactions are first recorded in the ledger. |
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Answer»
A transaction is ENTERED in a journal before it is entered in ledger ACCOUNTS. Because each transaction is initially RECORDED in a journal RATHER than directly in the ledger, a journal is called a book of original entry. HOPE IT HELPS YOU
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| 4568. |
Babu purchased on 1st April, 2006, a machine fort Rs.6,000. On 1st October, 2006, he also purchased another machine for Rs.5,000. On 1st October, 2007, he sold the machine on 1st April, 2006 for Rs.4,000.It was decided that Depreciation @10% p.a. was to be written off every year under diminishing Balance Method.Assuming the accounts were closed on 31st March every year, show the machinery Account for the years ended 31st March,2007 and 2008. |
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Answer» PLEASE doont REPORT the answer plz plz plz UNDERSTAND me plz
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| 4569. |
Modern Ltd. purchased machinery on 1st JulyRs.60,000. On 1st October, 2004 based another machine for Rs.20,000. On 30th June, 2005, it sold the first machine hosed in 2003 fort Rs.38,500. Depreciation-is provided at 20% p.a. on the original cost year. Accounts are closed on 31st March every year. Prepare the Machinery A/c for three year. |
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Answer» Answer: FIRST published on camera here last seen by the guardian and you have the face of a new movie game that your friends and friends can on the DAY chi is the best of all are BOY BAND mates and you are a good man |
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| 4570. |
Receipts and payment A/c usually indicates(a) Surplus(b) Capital fund(c) Debit Balance(d) Credit Balance |
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| 4571. |
In the absence of an agreement, the partners are not entitled toget this(a) Profit and Loss(b) Interest on loan(c) Salary(d) None of these |
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Answer» In the absence of an AGREEMENT, the partners are not entitled to SALARY. |
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| 4572. |
_______________Advantages of accounting ?¿_______________ |
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Answer» Advantage of Accounting
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| 4573. |
Nature of business finance |
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Answer» Answer: Business is related to production and DISTRIBUTION of goods and services for the fulfillment and REQUIREMENTS of society. For effectively carrying out various ACTIVITIES, business requires FINANCE which is called business finance. plz THANK my answer |
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| 4574. |
Sajhedari ki visheshta likhiye |
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Answer» साझेदारी का अर्थ (MEANING of PARTNERSHIP): साझेदारी दो या दो से अधिक व्यक्तियों की वह संस्था है, जिसमें वह अपनी स्वतंत्र इच्छा से किसी व्यापार को वैधानिक रूप से चलाने, अपना स्वामित्व रखने तथा उसमें होने वाले सामूहिक लाभ को प्राप्त करने के लिये निजी धन, सम्पत्ति, श्रम तथा कुशलता का सामूहिक प्रयोग करते है । |
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| 4575. |
Please solve these two |
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Answer» Answer: 1.You are Yuvraj the football captain of your school and there are selections going on for the football TEAM. Your sports teacher has requested you to put up a NOTICE informing students about the trials that will be conducted for CLASSES 10th to 12th. Draft a notice in not more than 50 words mentioning all the details. o p bolta bhai1.You are Yuvraj the football captain of your school and there are selections going on for the football team. Your sports teacher has requested you to put up a notice informing students about the trials that will be conducted for classes 10th to 12th. Draft a notice in not more than 50 words mentioning all the details. Explanation: 1.You are Yuvraj the football captain of your school and there are selections going on for the football team. Your sports teacher has requested you to put up a notice informing students about the trials that will be conducted for classes 10th to 12th. Draft a notice in not more than 50 1.You are Yuvraj the football captain of your school and there are selections going on for the football team. Your sports teacher has requested you to put up a notice informing students about the trials that will be conducted for classes 10th to 12th. Draft a notice in not more than 50 1.You are Yuvraj the football captain of your school and there are selections going on for the football team. Your sports teacher has requested you to put up a notice informing students about the trials that will be conducted for classes 10th to 12th. Draft a notice in not more than 50 words mentioning all the details.1.You are Yuvraj the football captain of your school and there are selections going on for the football team. Your sports teacher has requested you to put up a notice informing students about the trials that will be conducted for classes 10th to 12th. a notice in not more than 50 words mentioning all the details.Draft words mentioning all the details. words mentioning all the details. |
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| 4576. |
Bank Reconciliation statement is prepared by.....? |
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| 4577. |
Akash Ltd. makes an issue of 20,000 equity shares of Rs.100 each, payable as follows :On application and allotment Rs.50On first call Rs.25On second call Rs.25Members holding 400 shares did not pay the second call and the shares are duly forfeited, 300 of which are re-issued as fully paid at Rs.70 per share. Pass Journal entries in the books of the company. |
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| 4578. |
Ms Mehra and sons aquired a machine |
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Answer» a machine was aquired by Ms Mehra and sons Explanation: hope it HELPS you |
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| 4579. |
Write any four different between cash discount and trade discount |
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Answer» SORRY don't know |
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| 4580. |
10 20____ ___ this was the blanks that I loves to a girl who has a great personality |
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Answer» Answer: 30 40 Explanation: |
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| 4581. |
_________________________________Define Accrual concept ?¿ |
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Answer» Answer: Accrual of something is, in finance, the ADDING together of interest or different investments over a period of TIME. It holds specific meanings in ACCOUNTING, where it can REFER to accounts on a balance sheet that REPRESENT liabilities and non-cash-based assets used in accrual-based accounting. |
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| 4582. |
Write any four difference between ‘Income & Expenditure Account’ and ‘Profit and Loss Account’. please translation punjabi answer |
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Answer» Answer: hlo sir i will HELP Explanation: |
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| 4583. |
Q=3 Ravi a retiring partner agreed to takeover Bills Payable Rs 70000 for Rs 65000 on his retirement, Pass Journal Entry |
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Answer» Answer To RAVI's capital a/c. 65000
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| 4584. |
_______________________________what is consistency concept ?¿ |
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Answer» The concept of consistency means that accounting METHODS once adopted must be applied consistently in FUTURE. If for any valid reasons the accounting policy is changed, a business must disclose the nature of CHANGE, the reasons for the change and its effects on the items of FINANCIAL statements. ... |
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| 4585. |
Sohan commenced business with cash 50,000purchased goods for cash 10,000purchased goods from mohan on credit 6,000paid into bank 5,000purchase furniture 2,000sold goods for cash 7,000sold goods for ram on credit 5,000cash sale 3,500paid to mohan on account 3,000paid wages 100paid rent 1,200paid salaries 2,800ram commenced business with cash 30,000purchase goods 21,000rejected and turned 10% of goods supplied by mohan 2,800 |
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Answer» Answer: |
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| 4586. |
Q. 18. A and B are partners in a firm sharing profits in the ratio of 3 : 1. They admitC and decide that the profit-sharing ratio between B and C shall be same as existingbetween A and B. Calculate new profit-sharing ratio and the sacrificing ratio. |
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Answer» Explanation: C is admitted for 1/4 share LET the combined share of A, B and C = 1 Combined share of A and B after C's ADMISSION = 1 - C's share = 1 - (1/4) = 3/4 New share : A = (3/4) * (1/2) = 3/8 B = (3/4) * (1/2) = 3/8 C = 1/4 Therefore, A : B : C = 3/8 : 3/8 : 1/4 = 3 : 3 : 2 Sacrificing ratio = Old ratio - New ratio A's sacrifice = (3/5) - (3/8) = 9/24 B's sacrifice = (2/5) - (3/8) = 1/24 Therefore, sacrificing ratio of A and b is 9 : 1 |
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| 4587. |
Find transaction of paid for wages rs 20,000 |
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Answer» TRANSACTION of |
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| 4588. |
____ ______ _____what is Double Entry System ?¿ |
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Answer» A ⲛ s ⲱ ⲉ ꞅ: Double-entry bookkeeping, in ACCOUNTING, is a system of BOOK keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding SIDES KNOWN as debit and credit. The left-hand side is debit and right-hand side is credit. |
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| 4589. |
Following Receipt and Payment Account was prepared from the cash book of Bengalurucharitable Trust for the year ending March 31, 2018Receipt and Payment A/c for the year ending 31-03-2018Dr.Cr.ReceiptsRs.PaymentsRs.To Balance b/dBy Charity11,500Cash in hand11,500 By Rent and taxes3,200Cash at Bank12,600 By Salary6,000To Donations9,000 By Printing & Postage900To Subscriptions42,800 By Advertisement4,500To Legacies18,000 By Insurance2,000To Interest onBy Furniture21,600Investments4,500 By Investments23,000To Sale of old news papers200 By Balance c/d:Cash in hand9,900Cash at Bank16,00098,60098,600Prepare Income and Expenditure Account for the year ended March 31, 2018, and aBalance Sheet as on the date after the following adjustments:It was decided to treat one-third of the amount received on account of donationas income.b) Insurance premium was paid in advance for three months.Interest on Investment Rs.1,100 accrued was not received.d) Rent Rs.600 outstanding as on March 31, 2018 |
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Answer» Explanation: BHI BHIBB7VV hote ho and likes me a LETTER from me as well I'm not a❤ letter CDMO haia8 jaise bhi ni kr RHA hai na ho GYA THA same way as a❤ letter from |
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| 4590. |
4. What is Accounting ? Describe its advantages and limitations. |
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Answer» Answer: Accounting or accountancy is the measurement, processing, and communication of financial and NON financial information about economic entities such as businesses and corporations. Disadvantages of Accounting : Expresses Accounting information in terms of money. Accounting information is BASED on estimates. Accounting information may be biased. Recording of Fixed assets at the original cost. Manipulation of ACCOUNTS.
. one more information° disadvantage and limitations ...are same in meaning.. Limitation and DRAWBACK means same. limitation is the limit of giving a proper explanation of a fact which is widely accepted. Drawback is the negative fact which can be proved rubbish by providing another facts. |
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| 4591. |
Current asset rs300000 and current liability rs 100000 calculate |
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Answer» Answer: working CAPITAL = current ASSETS - current LIABILITIES
300000-100000 =200000 working capital = 200000 |
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| 4593. |
Exercises26.61Accounts of Non-Profit OrganisationsA) Short Answer Problems1. From the following details relating to Subscriptions of Coimbatore sports club,calculate the subscriptions income for the year ending 31st December, 1990 :Subscriptions received as per Receipts and Payments Accounts for the yearending 31-12-1990 Rs. 10,000.Subscription outstanding as on 31-12-1989, Rs. 2,000Subscription outstanding as on 31-12-1990, Rs. 4,000Subscriptions received in advance as on 31-12-1989, Rs. 3,000Subscriptions received in advance as on 31-12-1990, Rs. 2,000[Bharathiar, B.B.M. April 1999)(Ans : Subscriptions to be creditedto Income & Expenditure A/c : Rs. 13,000)111000 |
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Answer» Higuys A GOOD news for you all the BEST for railway EMPLOYEES all |
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| 4594. |
A non profit organization does not distribute the surplus to its members why |
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Answer» Answer: Why do birds MIGRATE? Birds migrate to move from areas of low or DECREASING resources to areas of HIGH or increasing resources. ... Birds that nest in the Northern Hemisphere tend to migrate northward in the spring to take advantage of burgeoning insect POPULATIONS, budding PLANTS and an abundance of nesting locations. |
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| 4595. |
Propore specimen of statement of affairs & Deficiency accounts |
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Answer» A Statement of Affairs is a document detailing a company's assets and LIABILITIES. GENERALLY prepared by a liquidator or appointed professional during certain insolvency proceedings, the document is later registered at Companies House, where it becomes available for public view. |
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| 4597. |
Jan. 24 Advertising services completed inJanuary were billed to clients Annies' Flowersat Rs. 18,300.Jan. 27 Creative Advertising received Rs.5,500 from Annies' Flowers, a client, aspayment on account. |
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Answer» Answer: g m nhi HAI AAP ka VI call nhi kar SAKTI ho ga CATH lab to vi kuch nhi ♂️❤️❤️️️⛄⛄⛄ Explanation: ⛱️⛄️️☃️️️️☁️☄️☄️☄️✨☄️☄️ |
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| 4598. |
. The capital of the firm of Anuj and Benu is 10,00,000 and the market rate of interest is 15%. Annualsalary to the partners is 60,000 each. The profit for the last three years were * 3,00,000, 3,60,000 and4,20,000. Goodwill of the firm is to be valued on the basis of two years' purchase of last three yearsaverage super profits. Calculate the goodwill of the firm, |
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Answer» Answer: MARK as BRAINLYLIST and follow me |
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| 4599. |
10Ltransactions. Itct or each and every transaction.maintaining all the accounts, only personal accounts and cash book are maintained under thissystem. In fact this is not a system but a lack of system as no uniformity is maintained in therecording of transactions. For some transactions, only one aspect is recorded, for others both theaspects are recorded. The accounts maintained under this system are incomplete andunsystematic and therefore, not reliable. The system is however, followed by small businessfirms as it is very simple and flexible.THEORETICAL QUESTIONSLong Answer Type Questions1. What is Accounting'? Explain its functions.(Garhwal, 2018)2. Discuss the nature and significance of Accounting.3. Explain in brief different types of accounting. What are the limitations of accounting?4. What is Accounting ? Describe its advantages and limitations,5. "Accounting is the language of business." Explain this statement and discuss the significanceof accounting6. "Accounting is a mirror of business operations." Explain this statement. Also examine itslimitations.7. What do you understand by Accounting? Discuss its scope.8. "Accounting is the language of business, as well as a mirror of business operations." Comment.9. What is Accounting ? Explain its objectives and limitations.10. Explain the nature and concept of accounting.11. Explain the nature and objectives of accounting.12. Describe the various persons or groups and their information of needs in accountinginformation.13. What are the qualitative characteristics of accounting information ? Explain then.Short Answer Type Questions1. What do you understand by 'Accounting'? lubf Accounting |
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Answer» 12345689900008876554321134 |
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| 4600. |
16. Prepare Common Size statement of Profit from the following Information. 2Particulars 2019 2020Revenue from operations 6,00,000 8,00,000Office & Administrative Expenses 1,40,000 34,500Income Tax Rate 40% 40%Gross profit Ratio 30% 20% |
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