Question

IdentifyandexplaintheaccountingAssumptions/PrinciplesofAccountingbeing

followed/violatedinthefollowingcases:

i) XydusLtd.Valuesitsstockatmarketpricewhichis25%abovethecostprice.

ii) RohanstartedbusinesswithcashRs.500000.Theaccountantpassedthe

entryas

Cash A/c Dr. 500000

ToRohan 500000

iii) AdvancereceivedRs.50000forsupplyofgoodsrecordedassales​

Answer 1

Answer:

answere :

A machine will cost rs 500000 and will provide annual net cash inflow rs 150000 for six years.The cost of capital 15% calculate the machine nvp ,PI and IRR should the machine be purchased

Partnership is created by an agreement between the parties. The agreement may be in writing or by words of mouth or implied by the conduct of the parties. However, it is always desirable for the partners to have the agreement in writing.

The document in writing should contain the important terms of partnership as agreed upon by the partners themselves to avoid any future dispute. So the document in writing containing the terms and conditions as agreed between the partners is called partnership deed.

Answered By

Answer 2

nice question hdhdhejdjjeeudjcjdjjfjrjdhfheufueiifudu de cuuudujjfjjrjfjjfjfufidjfjdjjfujj