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Subject: Accountancy, asked on 29/8/17

Solve:

Subject: Accountancy, asked on 19/8/17

Question No. 5

Subject: Accountancy, asked on 16/8/17

PLEASE CHECK THE ANSWER

Subject: Accountancy, asked on 15/8/17

difference between profit and loss appropriate a/c and suspense a/c

Subject: Accountancy, asked on 7/8/17

It is said that P/L Account is also transferred to the distribution of accumulated profits and losses but in Q. No. 27(2017 1st part) it was not transferred. Why???

Subject: Accountancy, asked on 7/8/17

what will be the entry to distribute loss of the year???

Subject: Accountancy, asked on 6/8/17

Please explain adjustment of share of good will.

Subject: Accountancy, asked on 5/8/17

L, M, N were partners sharing profits of 5:3:2. N retires on 01.01.2013 for the purpose of settlement of his dues his Capital Account shows a net credit balance 23,500 after all necessary adjustment. He was paid 3,500 immediately on the date of retirement and balance was transferred to his loan account. In each of the following alternative cases, prepare N’s loan account till it is paid off:
a) When balance due to him is to be paid in four equal annual instalments together (plus) with interest @ 12% p.a. Books are being closed on 31st December every year.
b) When balance due to him is to be paid in four equal annual instalments together with (plus) interest @ 12% p.a. Books are being closed on 31st March every year.
c) When payment is made in four equal yearly instalments including interest @ 12% p.a. on unpaid balance. Books are being closed on 31st December every year.
d) When they agree to pay three yearly instalments of 6,000 including interest @ 12% p.a. on the outstanding balance during the first three years and the balance including interest in the fourth year. Books are being closed on 31st December every year.

Subject: Accountancy, asked on 5/8/17

Amrinder, Mahinder and Joginder are partners in a firm. Mahinder retires from the firm. On his date of retirement, Rs. 60,000 becomes due to him. Amrinder and Joginder promise to pay him in instalments every year at the end of the year. Prepare Mahinder’s Loan Account in the following cases:
1. When payment is made four yearly instalments plus interest @ 12% p.a. on the unpaid balance.
2. When they agree to pay three yearly instalments of Rs. 20,000 including interest @ 12% p.a on the outstanding balance during the first three years and the balance including interest in the fourth year.
3. When payment is made in 4 equal yearly instalment’s including interest @ 12% p.a. on the unpaid balance.
Please answer this question and give me a sure shot method for doing the 3rd part of this question

Subject: Accountancy, asked on 28/7/17

In ques where we have to tell whether patner will be paid or will bring capital. How do we get to know.please answer as fast as possible have test .

Subject: Accountancy, asked on 27/7/17

Please solve this urgentl.

Subject: Accountancy, asked on 23/7/17

Soxbee limited issued 20,000 equity shares of Rs. 10 each at a discount of 10% payable Rs. 2 on applications, Rs. 4 on allotment and the balance on first call. The company received applications for 20,000 shares and all of these were accepted. All the money is duly received by the company except Abinosh who failed to pay allotment and first call on 200 shares. His shares were forfeited. Journalise the transactions.

Subject: Accountancy, asked on 21/7/17

i am not able to get the textbook solutions for TS Grewal Volume 1 2017.....they were available in the past but now they have just disappeared...upload the solutions ASAP

Subject: Accountancy, asked on 20/7/17



Q. A Company forfeited 300 shares of Rs. 10 each on which a share holder failed to pay allotment of Rs. 6 per share including a premium of Rs. 2 per share. These shares were issued at Rs. per share . Pass journal entries regarding forfeited and re-issue. ​
Date PArticulars  Dr.  Cr.
  Share capital A/c Dr. 
Securities Premium A/c Dr. 
   To Share Allotment A/c 
   To Share First and final Call A/c
  To Forfeited share A/c 
(Being share forfeited ). 

Bank A/c Dr.
Forfeited Share A/c Dr. 
    To Share Capital A/c
(Being shares were re-issued at discount)

Forfeiture Shares A/c Dr.
   To Capital Reserves A/c 
(Being transfer of 300 shares in Capital reserve)

 		 3000
600
 
 
 
 
 
 
2400
600
 
 
 
 
600		  
 
1800
600
1200
 
 
 
 
 
 
3000
 
 
 
 
600

Subject: Accountancy, asked on 12/7/17

Give journal entries

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