pre-separation cost :- materials cost = ₹10000, wages = ₹80000, production overhead = ₹6000 . production: product A—500units; product B—700 units; product C—340 units. Apportion the joint cost to the products if the value assigned FOR A, B andC are 3, 4 and5 respectively.
Answers
Explanation:
i. ₹ 90,000
ii. ₹ 45,000
iii. ₹ 5,400
iv. ₹ 36,00
5. Amit, a partner in a partnership firm withdrew ₹ 7,000 at the beginning of each quarter. For how many months would interest on drawings be charged?
6. Ankit, Unnati and Aryan are partners sharing profits in the ratio of 5:3:2. They decided to share future profits in the ratio of 2:3:5 with effect from 1st April,2018. They had the following balance in their balance sheet, passing necessary Journal Entry:
Particulars: Amount(₹)
Profit and loss Account (Dr): 60,500
7. A and B are partners in a firm. They admit C as a partner with 1/5th share in the profits of the firm. C brings ₹ 4,00,000 as his share of capital. Calculate the value of C’s share of Goodwill on the basis of his capital, given that the combined capital of A and B after all adjustments is ₹ 10,00,000.
8. Riyansh, Garv and Kavleen were partners in a firm sharing profit and loss in the ratio of 8:7:5. On 2nd November 2018, Kavleen died. Kalveen’s share of profits till the date of her death was 1 calculated at₹ 9,375. Pass the necessary journal entry.
प्रेषण खाते में असामान्य हानि से आप क्या समझते हैंWhat is the meaning of a company?
Answer: A company (joint-stock company) is an entity that is incorporated by a group of people via the process of law for undertaking business. A company is an artificial person as is certainly separate from its shareholders.
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