Class 12th Accountancy 2017 Set1 Delhi Board Paper Solution
Y Ltd. forfeited 100 equity shares of â¹10 each for the non-payment of first call of â¹2 per share. The final call of â¹2 per share was yet to be made.
Calculate the maximum amount of discount at which these shares can be re-issued.
The maximum amount of discount at which these shares can be re-issued is â¹6 per share or â¹600.
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What is Capital Fund? How is it calculated?
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What is sacrificing ratio? Why is it calculated?
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List the items which may be debited or credited in capital accounts of the partners when:
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?
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Why there is need for the revaluation of assets and liabilities on the admission of a partner?
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Why it is considered desirable to make the partnership agreement in writing.
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If some goodwill already exists in the books and the new partner brings in his share of goodwill in cash, how will you deal with existing amount of goodwill?
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Identify various matters that need adjustments at the time of admission of a new partner.
Recently Viewed Questions of Class 12th accountancy
- Q:-
List the items which may be debited or credited in capital accounts of the partners when:
(i) Capitals are fixed.
(ii) Capital are fluctuating.
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What is subscription? How is it calculated?
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State the meaning of Income and Expenditure Account.
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On what occasions sacrificing ratio is used?
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Identify various matters that need adjustments at the time of admission of a new partner.
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If a fixed amount is withdrawn on the first day of every quarter, for what period the interest on total amount withdrawn will be calculated?
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What is sacrificing ratio? Why is it calculated?
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Write the various matters that need adjustments at the time of retirement of partner/partners.
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What are the features of Receipt and Payment Account?
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State the meaning of Receipt and Payment Account.