Benefit and loss account, Benefit and Loss Account for the

Benefit and loss account

Reference no: EM13904512

With impact from first April, 2010, D, the chief in the firm of A,B, and C who were sharing benefits and misfortunes in the proportion of 5:3:2 individually was conceded as an accomplice in the firm with 1/eleventh offer of benefit. It was concurred that ought to D' offer of benefits surpass his compensation as the administrator, A will bear the weight of such an abundance. The chief D was qualified for a pay of Rs. 10,000 p.m. besides a commission of 2% of net benefit staying in the wake of charging his pay yet before charging his bonus.

Benefit and Loss Account for the year finished 31st March, 2011 demonstrated a benefit of Rs. 22, 00,000. Show how the benefit will be disseminated among the four accomplices.

Reference no: EM13904512

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Acquired sum can be paid with 40 percent of the annuity sum : Following eight years Mr Tiwari will get an annuity of Rs.10,000 every month for 20 a long time. The amount of can Mr. Tiwari obtain now at 12 percent intrigue so that the acquired sum can be paid with 40 percent of the annuity sum? The hobby will be..

Association sharing benefits : On 31st March, 2011 the accompanying was the monetary record of P and Q who were carrying on business in association sharing benefits and misfortunes in the proportion of 5:3 individually.

The estimation of area : Prior to C's affirmation valuation for Rs. 15,000 in the estimation of area and structures would be recorded furthermore, procurement for terrible obligations would be brought upto Rs. 820.

Change in benefit sharing : No goodwill record showed up in the books of the firm and none was opened on change in benefit sharing proportion. Pass diary sections to make the essential alterations.

Benefit and loss account : Benefit and Loss Account for the year finished 31st March, 2011 demonstrated a benefit of Rs. 22, 00,000. Show how the benefit will be disseminated among the four accomplices.

Enthusiasm on drawings : Likewise by error enthusiasm on drawings had been disregarded while setting up the records for 2010-11 such enthusiasm being Rs. 600 on C's drawings and Rs. 300 on D's drawings.

What is the contrast between the successful rate of interest : what is the contrast between the successful rate of interest and expressed rate of enthusiasm for the accompanying cases: Case A: Stated rate of hobby is 8 percent and the recurrence of exacerbating is six times each year.

What is the present estimation of the accompanying income : what is the present estimation of the accompanying income streams?End of year Stream X Stream Y Stream Z 1 500 750 600 2 550 700 600 3 600 650 600 4 650 600 600 5 700 550 600 6 750 500 600.The discount rate is 18 percent.

What premium rate would you gain on this store : Assume somebody offers you the accompanying money related contract. On the off chance that you store Rs.100,000 with him he guarantees to pay Rs.50,000 every year for a long time. What premium rate would you gain on this store?

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