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CBSE Class 12-commerce Answered

Can give me the solution for all the questions on this page?
Asked by Minalsingh13 | 26 Oct, 2019, 02:52: PM
answered-by-expert Expert Answer
In order to provide a detailed solution, it is important to have complete details of the respective question. Since there is no link or question mentioned it is difficult to track the question.
 
Detailed solutions for all questions are provided under text book solutions for each of the chapters. Kindly visit our website and refer the detailed solutions for all your doubts.
Answered by Surabhi Gawade | 27 Oct, 2019, 03:27: PM

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CBSE 12-commerce - Accountancy
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CBSE 12-commerce - Accountancy
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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?
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CBSE 12-commerce - Accountancy
Solve it-
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Asked by raksha2sanubth | 13 Jul, 2020, 11:19: AM
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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
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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  
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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?
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