NCERT Solutions
Board Paper Solutions
Ask & Answer
School Talk
Login
GET APP
Login
Create Account
Popular
Latest
Esha Pandey
Subject: Accountancy
, asked on 13/3/18
Solve this:
Q. P and Q were partners in a firm sharing profits in the ratio of 5 : 3. On 1-4-2014 they admitted R as a new partner for
1
/
8
t
h
share in the profits with a guaranteed profit of Rs. 75,000. The new profit sharing ratio between P and Q will remain the same but they agreed to bear any deficiency on account of guarantee to R in the ratio 3 : 2. The profit of the firm for the year ended 31-3-2015 was Rs 4,00,000.
Prepare Profit and Loss Appropriation Account of P, Q and R for the year ended 31-3-2015.
Answer
3
Ipsita Chakravarty
Subject: Accountancy
, asked on 13/3/18
Did we make accounts like this in center two lines
Answer
7
Arnapurna Paikaray
Subject: Accountancy
, asked on 12/3/18
Solve .Dont send links
Answer
2
Riya
Subject: Accountancy
, asked on 12/3/18
Question 8 fast.
Answer
3
Priyanka Trivedi
Subject: Accountancy
, asked on 12/3/18
Ajay pranav and vijay are patners in a firm sharing profits in ration 431 Pranav died on
Answer
1
Arunima Jalali
Subject: Accountancy
, asked on 12/3/18
Please help in this quez
Answer
1
Ipsita Chakravarty
Subject: Accountancy
, asked on 12/3/18
How these ratios come?
Answer
3
Indu Nair
Subject: Accountancy
, asked on 10/3/18
Q. Why has depreciation been accounted the way it has been? Explain.
Answer
3
Indu Nair
Subject: Accountancy
, asked on 10/3/18
pg.1.88 : T.S GREWAL ACCOUNTANCY PART 1
Qn.52,they have mentioned that b and c have drawn 2500 and 1000 in addition to their salaries of 5000 p.a each and in the cr. side of the current a/c their salaries have been accounted,but why is it added to drawings also in the debit side?
Answer
1
Riya
Subject: Accountancy
, asked on 10/3/18
Question 4 please no profits is given???
Answer
2
Arnapurna Paikaray
Subject: Accountancy
, asked on 10/3/18
Anil, Sunil and Ravinder entered into a partnership on 1st April 2015 to share profits in the ratio of 2 : 1 : 1. It was provided in the deed that Ravinder's share of profit will not be less than Rs 70,000 per annum. The losses for the year ended 31st March, 2016 were Rs 2,00,000 before allowing interest Rs 8,000 on Anil's Loan which is due for the current year.
You are required to show necessary account for division of loss and also pass the necessary journal entries.
Answer
3
Indu Nair
Subject: Accountancy
, asked on 10/3/18
in the first question p.a and date of drawing has not been given and I.O.D is calculated without taking into consideration the time factor.
in the second question the date of drawing and p.a has not been given but it calculated for an average period of 6 months.what is the correct treatment?
Answer
2
Ambareesh
Subject: Accountancy
, asked on 28/2/18
answer please :)
Q. On July 1, 2016, L brought Rs. 1,00,000 as additional capital and N withdrew Rs. 1,00,000 from his capital. During the year L, M and N withdrew Rs. 12,000, Rs. 18,000 and Rs. 24,000 respectively for their personal use. On January 1, 2017 the firm obtained a Loan of Rs. 1,50,000 from M. The Net profit of the firm for the year ended March 31, 2017 after charging interest on M's Loan was Rs. 85,000.
Prepare Profit & Loss Appropriation Account and Partners Capital Account.
Answer
1
Ambareesh
Subject: Accountancy
, asked on 24/2/18
kajal,neerav and alisha are partners in a firm sharing profits in 3:2:1 . they decided to admit rajan , their landlord as a partner in the firm . rajan brought sufficient amount of premium and capital . the accountant of the firm passed the entry of rent paid fot the building to rajan in p& l appropriation account. is he correct in doing so . give reason .
Answer
1
Arnapurna Paikaray
Subject: Accountancy
, asked on 24/2/18
Q 7
Answer
1
Prev
2
3
4
5
6
Next
What are you looking for?
Q. P and Q were partners in a firm sharing profits in the ratio of 5 : 3. On 1-4-2014 they admitted R as a new partner for share in the profits with a guaranteed profit of Rs. 75,000. The new profit sharing ratio between P and Q will remain the same but they agreed to bear any deficiency on account of guarantee to R in the ratio 3 : 2. The profit of the firm for the year ended 31-3-2015 was Rs 4,00,000.
Prepare Profit and Loss Appropriation Account of P, Q and R for the year ended 31-3-2015.
Q. Why has depreciation been accounted the way it has been? Explain.
Qn.52,they have mentioned that b and c have drawn 2500 and 1000 in addition to their salaries of 5000 p.a each and in the cr. side of the current a/c their salaries have been accounted,but why is it added to drawings also in the debit side?
You are required to show necessary account for division of loss and also pass the necessary journal entries.
in the second question the date of drawing and p.a has not been given but it calculated for an average period of 6 months.what is the correct treatment?
Q. On July 1, 2016, L brought Rs. 1,00,000 as additional capital and N withdrew Rs. 1,00,000 from his capital. During the year L, M and N withdrew Rs. 12,000, Rs. 18,000 and Rs. 24,000 respectively for their personal use. On January 1, 2017 the firm obtained a Loan of Rs. 1,50,000 from M. The Net profit of the firm for the year ended March 31, 2017 after charging interest on M's Loan was Rs. 85,000.
Prepare Profit & Loss Appropriation Account and Partners Capital Account.