CBSE Class-12 Accountancy: Questions 186 - 192 of 209

Get 1 year subscription: Access detailed explanations (illustrated with images and videos) to 209 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. View Sample Explanation or View Features.

Rs. 250.00 or

Question number: 186

» Accounting for Partnership Firms » Partnership

One Liner Question▾

Write in Brief

What is the objective of taking a Joint Life Policy by a partnership firm?

Question number: 187

» Accounting for Partnership Firms » Past Adjustments

Short Answer Question▾

Write in Short

A and B are partners. Except that interest on their capital@9 % p. a. and charged OD the drawings at the same rate they had no other agreement, either written or oral, between them. A presented the following P&L App. Ale at the end of the year.

P and L Appropriation Account

shows distribution of profits among partners

Particulars

Amount

Particulars

Amount

To interest on capitals@9 % p. a.

By profit for the year

36150

A on Rs. 60, 000

5400

Less: Interest on B/s Loan@5 % on Rs. 10, 000

500

35, 650

B on Rs. 30, 000

2700

By interest on drawings of B@9 % p. a. on Rs. 5000

450

To salary to A

(For working as manager)

4000

To profit

A 2/3

16000

B 1/3

8000

24000

36, 100

36, 100

Question number: 188

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

One Liner Question▾

Write in Brief

What are the two main rights acquired by the incoming new partner in a partnership firm? ,

Question number: 189

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

One Liner Question▾

Write in Brief

Give two circumstances in which sacrificing Ratio may be applied.

Question number: 190

» Analysis of Financial Statements » Financial Statement Analysis

One Liner Question▾

Write in Brief

what is ratio analysis?

Question number: 191

» Analysis of Financial Statements » Financial Statement Analysis

One Liner Question▾

Write in Brief

what banks and financial institution do before granting any loan to firm?

Question number: 192

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

One Liner Question▾

Write in Brief

Give two circumstances in which gaining ratio can be applied.

Sign In