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What are the factors affecting goodwill?
Explain various methods
of valuation of goodwill.
Meaning of Undervalued and Overvalued (in case of an asset) and its treatment. Also are liabilities undervalued, overvalued too?
what is the treatment for investment fluctuation fund in partnership
what are the provision of as-26 for the treatment of goodwill at the time of admission of a new partner ?
expenses on revaluation amounted to 2100 is paid by A.. this is a loss and hence debited to revaluation account but why is this a loss?
Creditors were written back Rs. 5000.Which side of the Revaluation a/c will this adjustment fall in?
Creditors were written back Rs. 5000.
Which side of the Revaluation a/c will this adjustment fall in?
what is aims and objectives of admission of partners
Why are assets and liabilities revalued at the time of admission of a partner? By revaluing the assets and liabilities dont we violate Going concern and Cost concept??
sir my book is of B.B. dam new course of AHSEC PART A THEORY ND PRACTICE OF ACCOUNTANCY in this book chapter 3 i cant find exercise question of pg no.3.149 plz sir tell me where i got the answers?
why is revaluation a/c prepared when we make the balance sheet as per all the adjustments
of the last year
admission of a partner question with solution?
x,y,z are partners in the ratio of 3:2:1. W is admitted for 1/6th share in profits . Z would retain his original share. Find out the new profit sharing ratio.
........please explain me this question as best as you can
what does exactly 'number of year purchase' mean in the valuation of goodwill?
amalgamation of partnership firms means?
give any two reasons for the prepartion of revaluation account on the admission of a new parter.
is there any difference between average profit or average super profit
Murari and Vohra wer partners in a firm with capitals of Rs.120000 and Rs.160000 respectively.on 1.4.11 they admitted Yadav as a partner for one fourth share in profits on his payement of Rs.200000 as his capital and Rs.90000 for his one fourth share of goodwill.
On that date the creditors of Murari and Vohra were Rs.60000 and the bank overdraft was Rs.16000.Their assets apart from cash included stock Rs.10000,debtors Rs.40000,plant and machinery Rs.80000.land and building Rs.200000.It was agreed that stock should be depreciated by Rs.2000,plant and machinery by 20%,Rs.5000 should be written off as bad debts and land and building should be appreciated by 25%.
Prepare revaluationa/c,capital a/c of Murari,Vohra and Yadav and the balance sheet of the new firm..
pls give solutions of dk goel accountancy ch 4 fast
how to treat bank overdraft?
A sum on partnership with journal , ledger, trial balance, trading, profit & loss, profit & loss appropriation ,balance sheet & partner's capital account.
A provision for doubtful debts was to be made equal to 5% of the debtors??? what does it mean how to treat this??balance sheet-asset side- debtors-30,000.
what is the treatment in the revaluation account when a debtor whose dues of rs500 were written off as bad debt paid rs400 in full settlement?
What is the meaning of Undervalued and Overvalued?????
lease give me solution of 85 question in dr.s.c sharma as i am not getting goodwill.
stock is undervalued by 10% the amount of stock is 18000.
How come in revaluation its written 2000 ?
X, Y and Z were sharing profits and losses in the ratio of 5:3:2. They decided to share future profits and losses in the ratio of 2:3:5 with effect from 1.4.2007. They decided to record the effect of the following, without affecting their book values:-
(i) Profit and Loss Account Rs. 24,000
(ii) Advertisement Suspense Account Rs. 12,000
Pass the necessary adjusting entry.
How to treat the following adjustment.
-Provision for bad debt found in excess by 400 Rs.
solution ts grewal grade 12 admission of partner q95 sollution
accordind to a question,15% othe General Reserve is to remain as a provision against doubtful debts( General Reserve - Rs.10,000).How to do it?
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