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Subject: Accountancy, asked on 21/5/18

Ques41

Subject: Accountancy, asked on 16/3/18

Is class 12 accountancy exam,will be cancelled or reschedule?

Subject: Accountancy, asked on 14/3/18

as old ratio isn't given is it equal ? and goodwill should be shared in difference in ratio right ?

Bhavya and Naman were partners  in a film carrying on a tiffin service in Hyderabad. Bhavya noticed that a lot of food is left at the end of the day. To avoid wastage she suggested that it be distributed to the needy; Naman wanted that it should be mixed with the food being served the next day. Naman then gave a proposal that if his share in the profit is increased, he will not mind free distribution of left over food. Bhavya happily agreed. So, they decided to change their profit sharing ratio to 1 : 2 with immediate effect. On that date revaluation of assets and reassessment of liabilities was carried out that resulted into a gain of Rs. 18,000. On that date the goodwill of the film was valued at Rs. 1,20,000.

(a) Pass necessary journal entries for the above in the books of the firm.
(b) State any two values highlighted in the above Parap

Subject: Accountancy, asked on 12/3/18

In calculating net asset of a firk feom liability approach, do we take goodwill?

Subject: Accountancy, asked on 12/3/18

Do we really have two kimds of accounts? If it is so then to which a/c we use to pay compensation?
 

Subject: Accountancy, asked on 12/3/18

Please explain.




 

Subject: Accountancy, asked on 11/3/18

kaushal ltd. issued 50000 fully paid equity shares of rs.100 each towards consideration for purchase of machinery from kamal ltd. 
disclose of issue of shares in the balance sheet

Subject: Accountancy, asked on 11/3/18

Why cant we deduct remuneration to employees from each year?


 

Subject: Accountancy, asked on 11/3/18

In Q 12 .Why adjustment of remuneration is done at the end ? Why we cant deduct that amount from each year?

Subject: Accountancy, asked on 28/2/18

x,y,z are partners sharing profits equally . they decided that in future , z will get 1/7 share in profits . on the day of change , firm's goodwill was valued at rs.21000 . journalise of change in psr

Subject: Accountancy, asked on 22/2/18

Question number 9... fast!!!

​Q9. Arun, Barun and Chug are partners dealing in musical instruments sharing profit in 3 : 2 : 2. They admitted Mallika, the famous classical dancer into partnership for 15th share which she acquired from Arun, Barun and Chug in 2 : 2 : 1 ratio respectively. You are required to :

      (i) Identify the value involved in taking Mallika as a partner.

      (ii) Calculate the new profit sharing ratio.

Subject: Accountancy, asked on 20/2/18

Balance sheet is not matching.... answer fast

Subject: Accountancy, asked on 8/2/18

If amount of super profit is negative what does it indicates?

Subject: Accountancy, asked on 21/1/18

Please solve this as quick as possible!!!

Q. 14    ​X, Y & Z are partners sharing profit and losses in the ratio 7 : 5 : 4. Their balance sheet as at 31st March 2017 stood as :
    

 
Partners decided that with effect from 1st April 2017 that will share profit and loss in the ratio of 3 : 2 : 1 for this purpose goodwill of the firm was valued at Rs. 3,00,000. The partners neither want to record the goodwill nor want to distribute the general reserve and profit. Pass a Single Journal Entry to record the change and prepare the revised Balance Sheet.

Subject: Accountancy, asked on 20/1/18

Valuation goodwill is 90000 ....my question is why we take 1/20 can v do by doing 1/4 to know partner share of goodwill because ratio is 1:1:1:1 so we take 1/4 or not i am confusing when take 1/20 or 1/4 some people said 1/4 doing only in distributive .... I confused help ...

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