# CBSE (Central Board of Secondary Education- Board Exam) Class-12 Accountancy: Questions 180 - 185 of 209

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## Question number: 180

One Liner Question▾

### Write in Brief

Give two characteristics of goodwill.

## Question number: 181

### Write in Short

A and B are partners’ sharing profits in-proportion of 3. : . 2 With Capitals of Rs. 40, 000 and Rs. 30, 000 respectively’: Interest On Capital is. agreed at 5 % p; a. . B is to be ” allowed an annual salary of Rs. 3, 000 which. has not: been Withdrawn. During 2007 the profits for the year prior to calculation ~f Interest on Capital. But after chargin B’s salary amounted to Rs. 12, 000. A provision of 5 % of this amount is to be. made in respect of commission to the manager. Prepare an account showing the allocation of profits.

## Question number: 182

### Write in Short

How are the various activities classified according to AS-3 (Revised) while preparing the Cash Flow Statement?

## Question number: 183

» Accounting for Partnership Firms » Reconstitution and Dissolution » Change in the Profit Sharing Ratio

One Liner Question▾

### Write in Brief

Define gaining ratio.

## Question number: 184

### Write in Short

show the format of balance sheet.

## Question number: 185

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

Essay Question▾

### Describe in Detail

K and Y were partners in a firm sharing profits in 3: 2 ratio. They admitted Z as a new partner for l/3rd share in the profits of the firm. Z acquired his share from K and Y in 2: 3 ratio. Z brought Rs. 80, 000 for his capital and Rs. 30, 000 for his 1/3”1 share as premium. Calculate the new profit sharing ratio of K, Y and Z and pass necessary journal entries for the above transactions in the books of the firm.

### Explanation

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