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NCERT SOLUTION FOR CLASS 12'S ACCOUNTANCY - Bzziii.com

Accounting for Partnership : Basic Concepts, NCERT
05 Chapters
01  Accounting for Non-for-Profit Organisation
02 Accounting for Partnership: Basic Concept
03 Reconstitution of a Partnership Firm - Admission of a Partner
04 Reconstitution of a Partnership Firm - Retirement/Death of a Partner
05 Dissolution of a Partnership Firm

Company Accounts and Analysis of Financial Statements, NCERT
06 Chapters
01  Accounting for Share Capital
02 Issue and Redemption of Debentures
03 Financial Statement of a Company
04 Analysis of Financial Statements
05 Accounting Ratios
06 Cash Flow Statement

Double Entry Book Keeping Volume 1, (Latest- Edition) TS Grewal

07 Chapters
01  Financial Statements of Not for Profit Organisations
02 Accounting for Partnership Firms-Fundamentals
03 Goodwill: Nature and Valuation
04 Change in Profit-Sharing Ratio Among the Existing Partners
05 Admission of a Partner
06 Retirement/Death of a Partner
07 Dissolution of a Partnership Firm

Explain the Role of ‘Justice Party’ in Boycotting of Council Elections | bzziii.com

Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1.  Balance Sheet (Extract)  Liabilities Amount (Rs.) Assets Amount (Rs.) Machinery 40,000 If the value of machinery reflected in the balance sheet is overvalued by 33 1/3%, find out the value of Machinery to be shown in the new Balance Sheet:  (A) ₹ 44,000  (B) ₹48,000  (C) ₹ 32,000  (D) ₹30,000  SOLUTION (D) ₹30,000  Explanation: Machinery is overvalued Value by 33 1/3% of 40,000 Here, 33 1/3% as a fraction = \frac{33\frac{1}{3}}{100} Converting the mixed fraction to an improper fraction, we get = \frac{\frac{100}{3}}{100}  = 100/300 Simplifying this, we get = 100/300 = 1/3 = 100/300 of z = 40,000-z Because, 40,000 is overvalued Value, we will minus the real value from 40,000. = "100x"/"300" + "300z"/"300" = 40,000 = "400z"/"300" = 40,000 = 40,000 \times 300/400 = z ∴ z = 30,000 4 5