Name any two items that can be disclosed under ‘Intangible Assets”. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Goodwill (ii) Brands / Trade Marks. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName any two items that can be disclosed under “Tangible Assets”. Next PostUnder what headings will you show the following items in the Balance Sheet of the Company: (i) Goodwill (ii) Loose Tools. (C.B.S. E. 2017, 2018) You Might Also Like 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 future profits and losses in the ratio of 2: 5: 3. Their Balance Sheet showed a balance of 75,000 in the Profit and Loss Account and a balance of Rs. 15,000 in Investment Fluctuation Fund. For this purpose, it was agreed that: (i) Goodwill of the firm was valued at Rs. 3,00,000. (ii) That investments (having a book value of Rs. 50,000) were valued at Rs. 35,000. (iii) That stock having a book value of Rs. 50,000 be depreciated by 109%. Pass the necessary Journal entries for the above in the books of the firm. (CBSE 2019) October 28, 2022 A Ltd. forfeited a share of Rs. 100 issued at a premium of 20% for non-payment of first call of Rs. 30 per share and final call of Rs. 10 per share. State the minimum price at which this share can be reissued. (C.B.S.E. Sample Paper. 2017) September 29, 2022 Give the meaning of ‘Liability of Partners’ as a feature of partnership. (C.B.S.E 2020) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
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 future profits and losses in the ratio of 2: 5: 3. Their Balance Sheet showed a balance of 75,000 in the Profit and Loss Account and a balance of Rs. 15,000 in Investment Fluctuation Fund. For this purpose, it was agreed that: (i) Goodwill of the firm was valued at Rs. 3,00,000. (ii) That investments (having a book value of Rs. 50,000) were valued at Rs. 35,000. (iii) That stock having a book value of Rs. 50,000 be depreciated by 109%. Pass the necessary Journal entries for the above in the books of the firm. (CBSE 2019) October 28, 2022
A Ltd. forfeited a share of Rs. 100 issued at a premium of 20% for non-payment of first call of Rs. 30 per share and final call of Rs. 10 per share. State the minimum price at which this share can be reissued. (C.B.S.E. Sample Paper. 2017) September 29, 2022
Give the meaning of ‘Liability of Partners’ as a feature of partnership. (C.B.S.E 2020) October 7, 2022
