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necessary journal entries

Home » necessary journal entries
Posted inAccountancy Class 12 General

Home Products Ltd. Is registered with authorised capital

29 :- Home Products Ltd. Is registered with authorised capital of Rs 10,00,000 divided into 1,00,000 equity shares of Rs 10 each. It issued 70,000 Equity Shares for subscription at…
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Posted inAccountancy Class 12 General

Surya Ltd. Took over assets of Rs 40,00,000 and Liabilities of Rs 7,50,000

44 :- Surya Ltd. Took over assets of Rs 40,00,000 and Liabilities of Rs 7,50,000 of Moon Ltd. Surya Ltd. Paid the purchase consideration by issuing 17,600; 10% Preference Shares…
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Posted inAccountancy Change in Profit Sharing Ratio Class 12

Hari, Kunal and Uma are partners in a firm

25:-  Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 ; 3 : 2. From 1st April, 2018 they decided to share…
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Posted inAccountancy Change in Profit Sharing Ratio Class 12

Bhavya and Sakshi are partners in a firm, sharing profits

24 :-  Bhavya and Sakshi are partners in a firm, sharing profits and losses in the ratio of 3 : 2. On 31st March 2018, their Balance Sheet was as…
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Posted inAccountancy Change in Profit Sharing Ratio Class 12

Mita, Gopal and Farhan were partners sharing profits

22 :-  Mita, Gopal and Farhan were partners sharing profits and losses in the ratio 3 : 2 : 1. On 31st March, 2018 they decided to change the profit…
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Posted inAccountancy Change in Profit Sharing Ratio Class 12

Sohan, Ashish, Vishesh and Rashi were partners

20 :- Sohan, Ashish, Vishesh and Rashi were partners in a firm sharing profits and losses in the ratio of 4:3:2:1. With effect from 1st April,2023, they decided to share profits…
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Posted inAccountancy Change in Profit Sharing Ratio Class 12

Asha, Nisha and Disha shared profits and losses

6 :- Asha, Nisha, and Disha shared profits and losses in the ratio of 3 : 2 : 1 respectively. With effect from 1st April 2025, they agreed to share…
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Posted inAccountancy Class 12 Fundamental of Partnership

Reya, Mona and Nisha shared profits in the ratio of 3:2:1

57:- Reya, Mona and Nisha shared profits in the ratio of 3:2:1. Profits for the last three years were Rs 1,40,000, Rs 84,000 and Rs 1,06,000 respectively. These profits were…
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