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bota
9. Mohan Lal invested 29040 in 15%, 100 shares of a company quoted at a premium of 20%.
10 Calculate: (i) the number of shares bought by Mohan Lal;
(ii) his annual income from shares;
(iii) the percentage return on his investment.
(2005)
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Answer:
sorry i dont know it at all
Answer:
Mohan Lal and Sohan Lal were partners in a firm sharing profits and losses in 3:2 ratio. They admitted Ram Lal for 1/4 share on 1.1.2013. It was agreed that goodwill of the firm will be valued at 3 years purchase of the average profits of last 4 years which were Rs. 50,000 for 2013, Rs. 60,000 for 2014, Rs. 90,000 for 2015 and Rs. 70,000 for 2016. Ram Lal did not bring his share of goodwill premium in cash. Record the necessary journal entries in the books of the firm on Ram Lal’s admission when: <br> (a) Goodwill already appears in the books at Rs. 2,02,500. <br> (b) Goodwill appears in the books at Rs. 2,500. <br> (c) Goodwill appears in the books at Rs. 2,05,000.
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