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Subject: Accountancy, asked 17 hours, 47 minutes ago

Solve part ii) and iii)

Subject: Accountancy, asked 22 hours, 29 minutes ago

Sum no. 7 solve it fast experts admission sum

Subject: Accountancy, asked 22 hours, 34 minutes ago

Applicants of 1200 shares means shares alloted or shares applied?

Subject: Accountancy, asked 1 day, 1 hour ago

A,B and C were partners in a firm sharing profits in 1:2:3 ratio. They admitted D as a new partner for 1/6th share. D acquired his share 1/24 from A, 1/24 from B and 1/12 from C. Calculate new profit sharing ratio

Subject: Accountancy, asked 1 day, 1 hour ago

P and Q are partners sharing profit and losses in the ratio 2:1 they admit R into partnership for 4/9 share in profits which he acquires equally from P and Q . R brings in cash 2,50,000 as capital and 180,000 as goodwill. Pass journal entries and find out new Profit sharing ratio

Subject: Accountancy, asked 1 day, 14 hours ago

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Subject: Accountancy, asked 1 day, 14 hours ago

What is the formula for capital employed??

K D
Subject: Accountancy, asked 1 day, 15 hours ago

Solve this question

Subject: Accountancy, asked 1 day, 16 hours ago

What is profit organization

Subject: Accountancy, asked 1 day, 17 hours ago

Please tell the difference between sundry creditors and creditors??

Subject: Accountancy, asked 1 day, 18 hours ago

Experts can you tell me the answer of this question
Ramesh and Suresh are partners sharing profits equally. They admit Dinesh into partnership. It was agreed to value goodwill at 3 years’ purchase following Weighted Average Profit method on the basis of past 5 years’ profits. Weights assigned to each year would be- years ended 31st March, 2015-1, 2016-2, 2017-3, 2018-4 and 2019-5.
Year Ended                        Profits (₹)
31.03.2015                           90,000
31.03.2016                            80,000
31.03.2017                            1,25,000
31.03.2018                             1,50,000
31.03.2019                              1,75,000
Scrutiny of books of account revealed the following:
1. There was an abnormal loss of ₹ 15,000 during the year ended 31st March, 2015.
2. There was an abnormal gain of ₹ 10,000 during the year ended 31st March, 2017.
3. Closing Stock as on 31st March, 2018 was overvalued by ₹ 15,000.
Calculate value of goodwill. (3 marks).

Subject: Accountancy, asked 1 day, 18 hours ago

Experts can you tell me the answer of this question
 The average profit earned by a firm is ₹ 95,000 which includes undervaluation of stock of ₹ 10,000 on an average basis. The capital invested in the business is ₹ 9,00,000 and the normal rate of return is 9%. Calculate goodwill of the firm on the basis of 8 times the super profit.
(3 marks).
 

Subject: Accountancy, asked 1 day, 18 hours ago

Experts can you pls tell me the answer of this 
A business has earned average profits of ₹ 1,00,000 during the last few years and the normal rate of return in similar business is 10%. Find out the value of goodwill by:
a. Capitalization of super profit method.
b. Super profit method if the goodwill is valued at 3 years’ purchase of super profit.
The assets of the business were ₹ 10,00,000 and its external liabilities ₹ 1,80,000.
 

Subject: Accountancy, asked 1 day, 19 hours ago

Why is it not essential for all the partners to share losses ?

Subject: Accountancy, asked 1 day, 22 hours ago

Find out the areas where personal judgement is involved while preparing financial statements ? (a) Rent payment (b) Stock valuation (c) Depreciation (d) Both (b) and (c)

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