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Category Accountancy Class 12th

Accountancy Class 12th 922 Questions

40 Sub Categories

0 Votes 1 Ans

From the following Balance Sheet of Samta Ltd., as at 31st March, 2023, prepare Cash Flow Statement:

4.42K viewsAnurag Pathak Changed status to publish November 16, 2024[CBSE] TS Grewal Solutions Cash Flow Statement

0 Votes 1 Ans

Arnab, Ragini and Dhrupad are partners sharing profits in the ratio of 3 : 1 : 1. Last year, conflicts arose due to certain issues of disagreements and on 31st March, 2023, they decided to dissolved the firm. On that date their Balance sheet was as under:

6.60K viewsAnurag Pathak Changed status to publish October 1, 2024[CBSE] Dissolution of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Leena and Rohit are partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2018, their Balance Sheet was as follows:

7.74K viewsAnurag Pathak Changed status to publish September 27, 2024[CBSE] Admission of Partner Accountancy Class 12th

0 Votes 1 Ans

Ashok, Babu and Chetan are in partnership sharing profit in the proportion of 1/2, 1/3, 1/6 respectively. They dissolve the partnership on 31st March, 2023 when the Balance Sheet of the firm is as under:

4.97K viewsAnurag Pathak Changed status to publish September 23, 2024[CBSE] Dissolution of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Kalpana and Kanika were partners in a firm sharing profits in 3 : 1 ratio. They admitted Karuna as a partner for 1/4th share in future profits. Karuna was to bring ₹ 60,000 for his capital. The Balance Sheet of Kalpana and Kanika as at 1st April, 2023, the date on which C was admitted, was:

8.02K viewsAnurag Pathak Changed status to publish September 23, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd

364 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures

0 Votes 1 Ans

Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros

380 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures

0 Votes 1 Ans

Downhill Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash and balance by issue of 10% Debentures of ₹ 1,000 each issued at a discount of 10%. Pass Journal entries

378 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures

0 Votes 1 Ans

Airdrop Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows ₹ 15, including premium of ₹ 5 on application:

388 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures

0 Votes 1 Ans

Universal Auto Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application

428 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures

0 Votes 1 Ans

Fortune Ltd. issued 2,000; 8% Debentures of ₹ 100 each payable as follows ₹ 25 on application ₹ 25 on allotment and ₹ 50 on first and final call

368 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures

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