Ask a Doubt
Request a call back

Join NOW to get access to exclusive study material for best results

CBSE Class 12-commerce Answered

Analysis of any financial statements consists of analysis of___
Asked by officialpaperio.man | 31 Jan, 2022, 09:14: AM
Expert Answer
Analysis of any financial statements consists of analysis of calculation of gross profit margin, operating profit margin, and net profit margin, which each divide profit by revenue. 
Answered by Sheetal Kolte | 31 Jan, 2022, 02:23: PM

Application Videos

Concept Videos

Multiple Choice Questions Practice Test Subjective Questions Webinar Subjective Questions Pre Board Assessment
Answered Unanswered My Questions My Answers
CBSE 12-commerce - Accountancy
Analysis of any financial statements consists of analysis of___
Asked by officialpaperio.man | 31 Jan, 2022, 09:14: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
what's ment by bad debts
Asked by swapnil292001 | 08 Nov, 2020, 11:22: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Why abnormal loss is added to business profit and abnormal gain is deducted from profit while calculating Goodwill of the firm?
Asked by raksha2sanubth | 13 Jul, 2020, 11:22: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Solve it-
Asked by raksha2sanubth | 13 Jul, 2020, 11:19: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
A and B shared profits in the ratio of 7:3. They dissolved the firm and appointed A to realise the assets . A is to be received 6% commission on the amount realised from Stock, Debtors, B/R and Shares The position of the firm was as follows: - Liablities Rs Assets Rs. Creditors 60000 Plant and Machinery 20000 Repairs and Renewable Reserve 4000 Prepaid Insurance 1200 Bank Loan 20000 Stock 60000 A's Capital A/c 50000 100 shares in D.C.M. Ltd. 5000 B's Capital A/c 20000 Sundry Debtors 38000 B/R 6000 Cash at Bank 8800 A's Current A/c 5000 Profit & Loss Account 10000 154000 154000 Informations : I. A realised the assets as follows: - Full amount from Sundry Debtors and except from one for 2,OOO being insolvent. Stock realised e 52,000,; Shares in D.C.M. were sold for 60 each D_C.M. were sold for each. 2. Half the trade creditors accepted plant and machinery at an agreed valuation of 10% less than the book value and cash of 7000 in full settlement of claims. 3. Remaining creditors were paid off at a discount of 10%. Expenses of realisation amounted to Rs. 700. 4. One quarter's tax amounting to 1500 was due and had to be paid 5. There was a contingent liability amounting to 13,000. It was settled for Rs. 6000. 6. Bank Loan was discharged along with interest due for two months @18% pa Prepare necessary accounts
Asked by ghaewale99 | 06 Jul, 2020, 03:02: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
if the deed is silent interest at the rate of 6% p.a would be charged on the drawings made by the partners true or false  
Asked by sonowalabhilash | 02 Jul, 2020, 09:46: AM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Acquired machinery for 10,00,000 Paid 10% upfront, and the rest through draft after 3 months. What is the cash flow from investing activities?
Asked by simarjiv10 | 24 Jun, 2020, 11:25: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Plz solve and reply question no 57
Asked by itsdeepakasthana | 23 Jun, 2020, 05:59: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
geet and meet are partners
Asked by snehanagle432 | 22 Jun, 2020, 08:10: PM
ANSWERED BY EXPERT
CBSE 12-commerce - Accountancy
Roy, Raj and Raman were partners in a firm sharing profits equally. Their Balance Sheet 31.12.2011 stood as: Liabilities Bills Payable Creditors Employees Provident Fund Workers Compensation Fund General Reserve Roy Raj Raman 25,000 30,000 27,000 BALANCE SHEET as at 31.12.2011 Rs. Assets 20,000 Cash 18,000 Debtors 60.000 Less : Provision for Debt 15,000 Bills Receivable 30,000 Land and Building Plant and Machinery Goodwill 82,000 2,25,000 Rs. 42.000 40,000 25,000 60,000 40,000 18,000 2,25,000 43.000 3,000 It was mutually agreed that Raman will retire from partnership & for this purpose following terms were agreed upon. (i) Goodwill to be valued on 3 years' purchase of average profit of last 4 years which were 2008 : Rs. 50,000 (loss); 2009 : Rs. 21,000; 2010: Rs. 52.000; 2011: Rs. 22,000. The Provision for Doubtful Debt was raised to Rs. 4,000. To appreciate Land by 15%. To decrease Plant and Machinery by 10%. Create provision of Rs. 600 on Creditors, A sum of Rs. 5,000 on Bills Payable was not likely to be claimed. (ii) (iii) (iv) (v) (vi) (vii) which would in cash. (viii) The continuing partners decided to show the total capital of new firm at 1,00,000 to in their new profit sharing ratio which is equal. Adjustments to be made To pay a sum of Rs. 17,000 to Raman and transfer the balance to his loan Account Make necessary accounts and prepare the Balance Sheet of the new partner.
Asked by Cristiano | 19 Jun, 2020, 09:18: PM
ANSWERED BY EXPERT
My Class Videos Tests ₹ Plans Ask a Doubt