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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 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?
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?
what is aims and objectives of admission of partners
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 are the provision of as-26 for the treatment of goodwill at the time of admission of a new partner ?
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
pls give solutions of dk goel accountancy ch 4 fast
how to treat bank overdraft?
amrit and baldev were carrying on business in partnership sharing profits in the ratio of 3:2 respectively
amrit capital 50000
baldev capital 25000
bill payable 14000
land and building 25000
less :provision for doubtful debts 600
cash at bank 4600
chetan is admitted into partnership on the following terms:
the new profit sharing ratio will be 5:3:2
land and buiding is to be appreciated by 5000 furniture is to be depreciated by 10% provision for doubtful debts is to increased by 300 and outstanding expense of 200 to be recorded
chetan will bring 20000 as his capital and 6000 as his share of goodwill
the capital of all partners will be in their profit sharing ratio amrit and baldev making adjustment in cash
prepare revaluation ,partner capital a/c,cash a/c and balance sheet
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 meaning of Undervalued and Overvalued?????
lease give me solution of 85 question in dr.s.c sharma as i am not getting goodwill.
A sum on partnership with journal , ledger, trial balance, trading, profit & loss, profit & loss appropriation ,balance sheet & partner's capital account.
stock is undervalued by 10% the amount of stock is 18000.
How come in revaluation its written 2000 ?
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
A and B are partners sharing profits and losses in the ratio of 2:1 A is a nonworking partner and has contributed rs 2400000 as his capital B is a working partner the partnership deed provides for interest on capital @ 10 % p.a. and salary of rs 15000 pm to the working partner the net profit of the year was 140000 before providing interest and salary you are required to show the distribution of the profits
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