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Catalogs Discussion Forums -> Accountancy -> Q -What is the journal entry -w,One of the partnerhas given loan to the firm of Rs.15,000.It was -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Irfan,

 

W's Loan a/c    Dr.          15000.00
      To Bank A/C
                                 15000.00

(For W's loan paid back at dissolution )

 

 

 

Catalogs Discussion Forums -> Accountancy -> Q -WHAT IS THE ENTRY FOR PAYMENT OF REALISATION OF EXPENSES? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Irfan,

After that this entry is passed ,,

 

REALISATION A/C     DR. (WHEN EXP ARE PAID BY A PARTNER)
      To PARTNERS CAPITAL A/C

Catalogs Discussion Forums -> Accountancy -> Q -WHAT IS THE ENTRY FOR PAYMENT OF REALISATION OF EXPENSES? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Irfan,

For Payment of realisation of expenses following entry is passed..

RELAISATION A/C    DR.(WHEN EXP ARE PAID IN CASH)
      To CASH A/C

 

Best of luck Irfan, for your exams...

Catalogs Discussion Forums -> Accountancy -> Q -Which liabilties are transferred to realisation account? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Manju, only third party laibilities are transfered to realisation account.

Catalogs Discussion Forums -> Accountancy -> Q -What are the reasons of dissolution of a partnership firm? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Manju,

The reasons of dissolution of a partnership firm may be change in profit sharing ratio of the existing partners, death of a partner, insolvency of a partner, expiry of the partnership period or admission of a new partner .

 

Bye Manju..

Catalogs Discussion Forums -> Accountancy -> Q -What do you mean by Dissolution of partnership firm? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Manju,

 

Dissolution of partner ship firm means that the business comes to an end
 due to many reasons like-`admission,retirement and death of a partner.
 Assets of the firm are sold and liabilities are paid off at the time of
 dissolution of a firm.

 

All the best for your exams..

Catalogs Discussion Forums -> Accountancy -> What is accountancy ? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Manju,

 

Accountancy is the art of communicating financial information about a business entity to users such as shareholders and managers etc.

In simple language, we can say that its a science of presenting the financial activities done by any organisation.

 

All the best for your exams Manju.

Catalogs Discussion Forums -> Accountancy -> whart are do? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Sourabh,

I think there may be some problem in the network, hence I could not get the complete question, Please send a complete question.

 

Thanks..

Catalogs Discussion Forums -> Accountancy -> how to do accountancy project work for class 12th .PREPARING A BALANCE SHEET OF A COMPANY WITH RATIO -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Amandeep,

Surely, I can provide you with a completed assignment, however I would like you to make it on your own. No doubt what ever help you need from us, we are ready to help you.

Let me give you some hints..

Just pick any company or rather a simple question from your book ( Final Accounts), then make Balance Sheet and Cash flow statement from the data. Now take out the ratios on the basis of the given Data. Its easy and interesting, You will love to do this on your own.

Further if you need any complete assignment for hints , please let me know.I will provide you that.

All the best Aman....

Catalogs Discussion Forums -> Accountancy -> sir how to make a good projet of class 12th of accountancy -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Salman,

You may take any illustration fron your book, just take any complete question fron any of your side book or the text book & start working on it.

 Remember good question do not make your project good, its the way of doing it which makes a project a good one.

Best of luck for your exams..

Catalogs Discussion Forums -> Accountancy -> wanna ask if i practice accountancy ncert book how much i am able to score............ -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Shikha,

Practising NCERT book is a very good habit  specially for CBSE board students.

If you practise with NCERT books you can score 100 % marks, however accounting is a science just go for concepts you will score the highest.

 

All the best for your exams.

Catalogs Discussion Forums -> Accountancy -> why is it necessary to follow the cash flow format? why bank check the debt equity ratio before gra -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Himani,

Well, it is not necessary always to follow format. You may use your concept and get the closing balance of cash reconciled. However tis easier to use the format & it also removes complications to get the statement hence it is recommended.

The bank checks the Debt Equity ratio before granting loan because it wants to check your ability to pay back the loan.

Suppose some one asks you for money, then you need to chk whether he can pay back or not & so does the bank.

There are many rules for depreciation & it varies from organisation to organisation.

Method of depreciation deopends on the nature of work, it can vary among different organisations.

Catalogs Discussion Forums -> Accountancy -> The minimum subscription clause states that, 90%of issue should be subscribed.... whats the reason b -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Akshay,

Catalogs Discussion Forums -> Accountancy -> Subject: how to do accountancy project work for class 12th .PREPARING A BALANCE SHEET OF A COMPANY -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

HI Tauqeer,

You may take any illustration fron your book, just take any complete question fron any of your side book or the text book & start working on it.

 

Best of luck for your exams..

Catalogs Discussion Forums -> Accountancy -> WHAT IS ASSETS ALLOCATION???????????? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Chetna,

An investment strategy that aims to balance risk and reward by apportioning a portfolio's assets according to an individual's goals, risk tolerance and investment horizon.

In simple words it is the best allocation scheme/strategy which minimises risk & maximises profits.

 

All the best, for your exams..

 

 

Catalogs Discussion Forums -> Accountancy -> If shop is of accounting books only........... title which I think - "DEBIT THE BOOKS, CREDIT THE -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Akshay,

Sure if you like this title , you may use it.

 

 

All the best.

Catalogs Discussion Forums -> Accountancy -> topic??? -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Manish,

You can choose any topic of your choice for the project such as a cricket club, a retaurant, a school, any firm, any social organisation etc.

I have provided you more than one topic because if the topic will of your coice then it will be interesting for you to do your project & you will feel delighted to do it.

Remember 1 thing " Do what your mind says, not what others are doing or saying "

so choose any topic of your interest.

 

Bye & all the best for your exams & project.

Catalogs Discussion Forums -> Accountancy -> can u give me the topic of accounts project of class 12th -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

Hi Manish,

You can choose any topic of your choice for the project such as a cricket club, a retaurant, a school, any firm, any social organisation etc.

I have provided you more than one topic because if the topic will of your coice then it will be interesting for you to do your project & you will feel delighted to do it.

Remember 1 thing " Do what your mind says, not what others are doing or saying "

so choose any topic of your interest.

 

Bye & all the best for your exams & project.

Catalogs Discussion Forums -> Accountancy -> can you give me completed project of accounts off class 11-12 that is 25 transaction and its corresp -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

  Hi Nikhil,

I will advise you to take any question from your text book for your project rather to find it on internet.

Believe me the project work is very interesting if you do it yourself.

you know, Paki hui khichri khane me wo maja nahi hai jo khud bana ke khane me hai

so be a man & do it yourself.

However if you find any difficulty in chossing any question or u need any kind of help for entries or any kind of transaction, I am always ready to help you out.

 

All the best for your Board Exams & the project.

Bye......

Catalogs Discussion Forums -> Accountancy -> can you give me accounts project of class 11 that is 25 transaction and its journal entry, leadger,t -> Go to message
This Post 0 points    (Olaaa!! Perrrfect answer.   in 0 votes )   [?]

 Hi Nikhil,

I will advise you to take any question from your text book for your project rather to find it on internet.

Believe me the project work is very interesting if you do it yourself.

you know, Paki hui khichri khane me wo maja nahi hai jo khud bana ke khane me hai

so be a man & do it yourself.

However if you find any difficulty in chossing any question or u need any kind of help for entries or any kind of transaction, I am always ready to help you out.

 

All the best for your Board Exams & the project.

Bye......

 

 
 
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