CBSE Class-12 Accountancy: Questions 98 - 104 of 209

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Question number: 98

» Cash Flow Statement

One Liner Question▾

Write in Brief

Dividend paid by a manufacturing company is under which activity in cash flow statement?

Question number: 99

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

One Liner Question▾

Write in Brief

What do you understand by ‘Gaining Ratio*?

Question number: 100

» Analysis of Financial Statements » Financial Statements of a Company

Short Answer Question▾

Write in Short

Define restricted fund and unrestricted fund?

Question number: 101

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

Short Answer Question▾

Write in Short

How is the account of retiring partner settled?

Question number: 102

» Accounting for Companies » Accounting for Share Capital » Accounting for Share Capital

Essay Question▾

Describe in Detail

Pass necessary journal entries in the books of Varun Ltd. for the following transactions:

i) Issued 58, 000, 9 % debentures of Rs. l, 000each at a premium of 10%.

ii) Converted 350, 9 % debentures of Rs. 100 each into equity shares of Rs. 10 each issued at premium of 25%.

iii) Redeemed 450, 9 % debentures of Rs. 100 each by draw of lots.

Explanation

journal entries in the books of varun ltd.

entries are made for various transaction related to share capital

No.

particulars

L. F.

DR. RS.

Cr. RS.

(I)

Issued 58, 000, 9 % debentures of Rs. l, 000 each at a premium of 10%.

1

Bank A/c ……Dr.

6, 38, 00,… (178 more words) …

Question number: 103

» Analysis of Financial Statements » Financial Statements of a Company

Short Answer Question▾

Write in Short

Difference between receipt and payment account and cash book.

Question number: 104

» Accounting for Partnership Firms » Reconstitution and Dissolution » Admission of a Partner

Essay Question▾

Describe in Detail

Surender and Narender share profits and losses in the ratio of 3: 2. On 1st January 1994, Mahendra was admitted who paid Rs. 40, 000 for Capital and Rs. 20, 000 for Godwill. Surender and Narender withdrew half of the goodwill. The Balance Sheet of Surender and Narender as on 31st Dec 1993 was as follows:

The assets and liabilities of the firm were revalued as under:

a. Stock at Rs. 36, 000; Furniture Rs. 8, 000, Plant at Rs. 8, 000 and Buildings at Rs. 24, 000.

b. Provision for Doubtful Debts is to be maintained at 10 % of the Debtors.

c. A Liability of Rs. 1, 000 included in Creditors was not likely to be paid.

Prepare Revaluation Account, Partners’ Capital Accounts and Balance Sheet of the reconstituted firm. Mahender was admitted for 1/6th Share in future.

Explanation

Revaluation account of Surendar, Mahender and Narender

shows re-valuated assets and liabilities in the books of account

Particulars

Rs.

Particulars

Rs.

To provision for doubtful A/c

200

by creditors A/c

1, 000

To Stock A/c

4, 000

By furniture A/c

1, 000

To Plant A/c

2, 000

By building A/c… (138 more words) …

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