Good will is valued as two years purchase of the average profits of three previous years are Rs. Good will of the firm is valued Rs. An account prepared to carry out the scheme of revaluation of assets and reassessment of liabilities :. Capital employed by a partnership firm is Rs10,00, Its average profit is Rs 1,20, What is the amount of super profits?
An incoming partner pays his share of good will in cash, and profit sharing ration of old partner is changed, Good � will be distributed among old partners:. State any two deductions that may have to be made from the amount payable to the legal representative of a deceased partner. A, B and C wer partners in a firm sharing profits in 2 : 3 : 5 ratio. A was guaranteed a minimum profit of Rs.
Any deficiency on this account was to be borne by C. The net profit of the firm for the year ended R and T are partners in a firm sharing profits in the ratio of Find the new profit sharing ratio of partners. Sachin,Sehwag and Jadeja are partners in a firm sharing profits in the ratio of Calculate sacrificing and gaining ratios in the following cases.
Cash deposit with the bank with a maturity date cbse 10th standard maths solutions journal two months belongs to which of the following in the cash flow statement. Quick ratio of a company is cbse 10th standard maths solutions journal. State giving reason whether the ratio will improve, decline or not change on payment of dividend by the company.
The debt-equity ratio of a company is 0. State whether the long-term loan obtained by the company cbse 10th standard maths solutions journal improve, decrease or not change the ratio.
The inventory turnover ratio of a company is 3 times. State, giving reason, whether the ratio improves, declines or does not change because of increase in the value of closing inventory by Rs. The trade receivables turnover ratio of a company is 6 times. State with reason whether the ratio will improve, decrease or not change due to increase in the value of closing inventory by Rs. What is the number of major heads which appear for the assets items of company's Balance Sheet?
What is the number of major heads which appear for the equity and liabilities items of company's Balance Sheet? Which section of the Companies Actrequires the Balance Sheet to Cbse 10th Standard Maths Textbook Write be prepared in the prescribed form? Dinesh, Yasmine and Faria are partners in a firm, sharing profits and losses in 11 : 7 : 2 respectively. The Balance Sheet of the firm as on 31st Dec. On the same date, Annie is admitted as a partner for on-sixth share in the profits with Capital of Rs.
Furniture of Rs. A Liability of Rs. Goodwill of the firm is to be valued at 2. The profits are as. Drawings of Dinesh, Yasmine, and Faria were Rs. Machinery and Public Deposits are revalued to Rs.
X and Y are partners as they share profits in the proportion of 3 : 1 their balance sheet as at Stock is fund to be overvalue by Rs. A liability to the extent of Rs. An items of Rs. The capital partners are to be in profit sharing ratio by opening current Accounts.
Rashmi and Pooja are partners Cbse 10th Standard Maths Solutions Quote in a firm. They share profits and losses in the ratio of 2 : 1. They admit Santosh into partnership firm on cbse 10th standard maths solutions journal condition that she will bring Rs.
It was decided to: a. Give full workings. Adjustments to be made in cash Make necessary accounts and prepare the Balance Sheet of the new partners. Their Balance Sheet as at Ramesh died on 31st March The following adjustments were agreed upon- a Building be appreciated by Rs.
X and Y, two partners, drew cbse 10th standard maths solutions journal private use Rs 2,40, and Rs 1,60, What is the total interest?
P and Q are partners with capitals of Rs. The profit and Loss Account of the firm showed a net Profit of Rs. Drawing were; P Rs. A and C are partners with fixed capitals of the Rs. THe ba;ance of current accounts on 1st January, were A Rs. A gave a loan to the firm of Rs. Each partner drew Rs. Net Profit of the firm before above adjustment was Rs. Yogesh, Ajay Cbse 10th Standard Maths Question Paper 2020 University and Atul are partners sharing profits in the ratio 4 : 3 : 2. Yogesh withdraw Rs.
Ajay withdraws Rs. Ajay is also to be allowed a salary of Rs. After deducting salary but before charging anu type of interest, the profit for the year ending 31st December, was Rs. Raghav Limited purchased a running business from Krishna traders for a sum of Rs.
The asset and liabilities consisted of the following: Plant and Machinery 4,00, Building 6,00, Stock 5,00, Debtors 3,00, Creditors 2,00, K and P were partners in a firm sharing profits in 4 : 3 ratio. Their capitals on 1. The profits for the year ended The drawings of K and P were Rs. Interest on K's drawings was Rs. An cbse 10th standard maths solutions journal of a firm, Which maintains partner's capital account under fixed capital method has credited salary and interest on capital to capital account.
Is the treatment correct? List the items that may appear on the debit side and credit siode of a partner's fluctuating capital account. E and F were partners in a firm sharing profits in the ratio of They admitted Cbse 10th standard maths solutions journal as a new partner on 1.
It was decided that E, and G will share future profits equally. G brought Rs. Showing your calculations clearly, pass necessary journal entries in the books of the firm.
From the following particulars relating to Silver Point, prepare a Receipt and Payment account for the year ending March 31, As per Receipt and Payment Account for the year ended on March 31,the subscriptions received were Rs. Additional Information given is as follows: 1.
Subscriptions Outstanding on 1. Subscriptions Outstanding on Subscriptions Received in Advance as on 1. Subscriptions Received in Advance as on From the following extract of Receipt and Payment Account and the additional information, compute the amount of income from subscriptions and show as how they would appear in the Income and Expenditure Account for the year ending March 31, and the Balance Sheet.
Additional Information: Rs. Subscriptions outstanding March 31, 8, 2. Total Subscriptions outstanding March 31, 18, 3. Subscriptions received in advance 4, as on March 31, Following particulars are extracted from notes to accounts to the Balance Sheets of Varun Ltd. Prepare a Cash Flow Statement. Following particulars are extracted from notes to accounts to the Balance Sheets of Vijaya Ltd.
Complete the missing cbse 10th standard maths solutions journal. Cash Flow Statement. The following additional information is available: i Salaries outstanding � Rs. Donations and Surplus on account of tournament are to be kept in Reserve for a permanent pavilion.
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