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CBSE Class 12 Commerce Free Doubts and Solutions

CBSE - XII Commerce - Accountancy

Anu and Babita are partners sharing profits in the ratio of 2:3. Their balance sheet shows machinery at ` 4,00,000, stock at ` 80,000 and debtors at ` 3,20,000. Chandrika is admitted and new profit sharing ratio is agreed at 6:9:5. Machinery is revalued at ` 3,40,000 and a provision is made for doubtful debts @ 2.5%. Anu’s share in loss on revaluation amounted to ` 20,000. Calculate revalued value of stock.

Asked by itsmemallu12 31st March 2023, 2:20 AM

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CBSE - XII Commerce - Economics

How does producer's behaviour affect the market

Asked by round6records 21st March 2023, 1:31 PM

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CBSE - XII Commerce - Accountancy

How GST will calculate on buying and selling second hand cars e.g Mr A purchase second hand cars Rs.200000/- and he sell same car Rs.300000/- so which amount will be appliclabe for GST Please assit with references Thanks

Asked by nadeemqureshi43 22nd February 2023, 5:20 PM

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CBSE - XII Commerce - Accountancy

Q1A B and C were partners sharing profits in the ratio of their Capital contribution which were Rs 6,00,000; Rs 4,00,000 and it 5,00,000 respectively. Their books are closed on 31s March every year. A on 24th Augus: 2020. Under the partners p de deceased partner is entitled to his share of profit/loss to the date of based on the average profits of preceding three year Profits were 2017 R$15,000,2018 Rs 25,000 (Loss) 2019 Rs

Asked by kd3104149 8th February 2023, 3:27 PM

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CBSE - XII Commerce - Accountancy

The Quick ratio of X Ltd. is 1.2: 1. What will be the effect of the following transaction on Quick Ratio? (Increase/decrease or not change the Quick Ratio) Purchased goods worth ₹40,000 and accepted a bill of exchange for two months

Asked by gv6164858 5th February 2023, 5:24 PM

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CBSE - XII Commerce - Accountancy

X and Y were partners in the profit-sharing ratio of 3: 2. Their balance sheet as at March 31, 2022 was as follows:6Balance Sheet as at March 31, 2022Liabilities Amount (₹) Assets Amount (₹)CreditorsY 1,12,00056,0002,31,000Plant and MachineryCash in Hand70,000General Reserve14,000Buildings98,000Capital Accounts:Stock21,000X 1,19,000Debtors 42,000(-)Provision 7,00035,00077,0003,01,000 3,01,000Z was admitted for 1/6th share on the following terms:(i) Z will bring ₹ 56,000 as his share of capital, but was not able to bring any amount to compensate the sacrificing partners.(ii) Goodwill of the firm is valued at ₹. 84,000.(iii)Plant and Machinery were found to be undervalued by ₹ 14,000 Building was to brought up to ₹ 1,09,000.(iv)All debtors are good. (v) Capitals of X and Y will be adjusted on the basis of Z’s share and adjustments will be done by opening necessary current accounts. You are required to prepare revaluation account and partners’ capital

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Asked by raayush202 8th January 2023, 11:41 AM

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CBSE - XII Commerce - Accountancy

X and Y were partners in the profit-sharing ratio of 3: 2. Their balance sheet as at March 31, 2022 was as follows:6Balance Sheet as at March 31, 2022Liabilities Amount (₹) Assets Amount (₹)CreditorsY 1,12,00056,0002,31,000Plant and MachineryCash in Hand70,000General Reserve14,000Buildings98,000Capital Accounts:Stock21,000X 1,19,000Debtors 42,000(-)Provision 7,00035,00077,0003,01,000 3,01,000Z was admitted for 1/6th share on the following terms:(i) Z will bring ₹ 56,000 as his share of capital, but was not able to bring any amount to compensate the sacrificing partners.(ii) Goodwill of the firm is valued at ₹. 84,000.(iii)Plant and Machinery were found to be undervalued by ₹ 14,000 Building was to brought up to ₹ 1,09,000.(iv)All debtors are good. (v) Capitals of X and Y will be adjusted on the basis of Z’s share and adjustments will be done by opening necessary current accounts. You are required to prepare revaluation account and partners’ capital

Asked by raayush202 8th January 2023, 11:39 AM

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CBSE - XII Commerce - Accountancy

X and Y were partners in the profit-sharing ratio of 3: 2. Their balance sheet as at March 31, 2022 was as follows:6Balance Sheet as at March 31, 2022Liabilities Amount (₹) Assets Amount (₹)CreditorsY 1,12,00056,0002,31,000Plant and MachineryCash in Hand70,000General Reserve14,000Buildings98,000Capital Accounts:Stock21,000X 1,19,000Debtors 42,000(-)Provision 7,00035,00077,0003,01,000 3,01,000Z was admitted for 1/6th share on the following terms:(i) Z will bring ₹ 56,000 as his share of capital, but was not able to bring any amount to compensate the sacrificing partners.(ii) Goodwill of the firm is valued at ₹. 84,000.(iii)Plant and Machinery were found to be undervalued by ₹ 14,000 Building was to brought up to ₹ 1,09,000.(iv)All debtors are good. (v) Capitals of X and Y will be adjusted on the basis of Z’s share and adjustments will be done by opening necessary current accounts. You are required to prepare revaluation account and partn

Asked by raayush202 8th January 2023, 11:38 AM

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CBSE - XII Commerce - Business Studies Part II

01:57:24 Question: 1 / 2801:32 Section A Section B Section C Question No. 23 to 26 are based on the given text. Read the text carefully and answer the questions: Amisha, head of the Marketing department of Juice Inc. Ltd, a juice manufacturing company was facing the challenges of increasing competition and decreasing demand. She analyzed the reasons behind it and reached the conclusion that they are not lagging behind on the product quality rather they need to re-launch their product in an attractive package. The packaging of most of their products is similar to their competitors' products due to which the consumers are not able to differentiate them easily. Also, the standard size of their bottle is 500 ml which the consumers find inconvenient to handle. Hence, they should relaunch their juice bottles in two new bright color packaging in order to regain their position in the market. Which level of Packaging was Amisha talking about?

Asked by deepeshkushwah022 6th January 2023, 12:15 AM

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CBSE - XII Commerce - Accountancy

limited purchased from Star Ltd computers of rupees 300000 and software of rupees 5 lakh table rupees 80000 by check and balance by issue of 7% debentures of rupees 100 each at a discount of 10% the company has balance in security premium reserve of rs 40000 and in capital reserves of rupees 25000 entries in the books of lemon limited

Asked by rjruchikajain25 5th January 2023, 4:16 PM

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