How does the factor 'location' after the goodwill of a firm ?

State the ratio in which the partners share the accumulated profits when there is a change in the profit sharing ratio amongest existing partners.

A,T and R were partners in a firm sharing profits in the ratio of 5:6:7 respectively. State the ratio in which the goodwill of the firm amounting to Rs.16,00,000 will be adjusted in the capital accounts of A and T in case of R's death.

Distinguish between 'Dissolution of Partnership' and 'Dissolution of Partnership Firm' on the basis of Court's of intervention.

What is meant by over-subscription.

Name the debentures that are repaid at the end of specified time or by installment during the lifetime of the company.

What is the number of major heads which appear for the assets items of company's Balance Sheet?

State the interest of trade unions in the analysis of financial statements.

The net revenue from operations of Blue Pharma Limited is Rs 10,00,000.Its employees' benefit expenses amount to Rs 2,20,000.At what figure will these be shown in a common size Statement?

Should the bank overdraft be included in current liabilities? Give reason also.

Partners in a firm describe to charge interest on drawings, however, the partnership deed does not provide for charging interest on drawings.State what steps can be taken by the partners so that the firm can charge interest on drawings.

P, Q and R are partners and their capitals on 1st April 2014 were: P RS.2,00,000, Q Rs.4,00,000 and R Rs.6,00,000
The Following appropriations are provided
(i)   Interest on capital at 10% per annum.
(ii)  Interest on drawings at 6% irrespectively of time period
(iii) P as a working partner received a salary of Rs.3,000 per Month
(iv) Q is paid a commission of Rs.8,000.
After providing the above items, remaining profit was rs.90,000 which was distributed by the partners in the ratio of their capitals.The drawings of the partners were: P RS10,000, Q Rs.12,000 and R Rs.16,000. There was no partnership deed in the business. Give necessary adjustment entry.

Why is sacrificing ratio calculated in case of admission of a partner?

At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner?

When a liability is to be discharged by a partner, why is his capital account credited?

Vikas Ltd purchased furniture for Rs 30,00,000 from Sambhav Ltd Rs 10,000 were paid by drawing a promissory note in favour of Sambhav Ltd. The balance was paid bu issue of equity shares pf Rs 10 each at a premium of 25%. Pass necessary journal entries in the books of Vikas Ltd. Identify the value shown by the company in issuing shares for consideration other than cash.

Ramesh Ltd has 18,000, 10% debentures of Rs 100 each due for redemption on 31st March, 2015. Assuming that the debentures were redeemed out of profits, there was a credit balance of Rs 18,00,000 in surplus, i.e. balance in statement of profit and loss. Pass necessary journal entries.

Gyan Ud issued 10,000, 10% debentures of Rs 100 each on 1st October 2014 to be redeemed on 31st July 2015. How will it be shown in the balance sheet as at 31st March 2015?

X Ltd has a proprietary ratio at 25%. Its management is interested in maintaining this ratio at 30%. What are the two choices to do so?

Give an example of the activity which remains financing activity for every enterprise.

A and B are partners sharing the profits and losses in the ratio of 2 : 3 with capital of Rs.12,000 and Rs.6,000 respectively. On 1st October, 2014 A and B granted loans of Rs.24,000 and Rs.12,000 respectively to the firm, the profits before any interest for the year 2014-2015 amounted to Rs.1,260. Show the distribution of profits/losses by preparing profit and loss account.

P, Q and R are partners sharing profit in the ratio of 4/9 : 3/9 : 2/9. Q retires and his capital after making adjustments for reserves and gain (profit) on revaluation stands at Rs.1,39,200. P and R agreed to pay him Rs. 1,50,000 in full settlement of his claim. Record necessary journal entry for adjustment of goodwill if the new profit sharing ratio is decided at 5: 3.

DLF Ltd issued 20,000, 10% debentures of Rs.100 each on 1st April. 2014. The issue was fully subscribed. According to the terms of issue, interest on the debentures is payable half-yearly on 30th September and 31st March and the tax deducted at source is 10%.
Pass necessary journal entries related to the debenture interest for the half-yearly ending 31st March, 2015 and transfer of interest on debentures of the year to the statement of profit and loss.