what is BRS

3 Answers  

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A and B are partners sharing profits and losses in the ratio of 3:2 having the capital of Rs. 80,000 and Rs. 50,000 respectively. They are entitled to 9% p.a. interest on capital before distributing the profits. During the year firm earned Rs. 7,800 after allowing interest on capital. Profits apportioned among A and B is (a) 4,680 and 3,120. (b) 4,800 and 3,000. (c) 5,000 and 2,800. (d) None of the above.

1 Answers  

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if u sale an asset for Rs.1000, which shows the book value of 8600. what will be the journal entry???

3 Answers   ACS,

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What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

0 Answers  

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What is Time capital

0 Answers  

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Provident Fund a/c will comes under which account Personal, Real or Nominal A/c

1 Answers   Cargill,

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Whatid the rate tds on rent of plant and machinery ?

3 Answers  

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what is the meaning of revenue income and revenue expenditure

1 Answers  

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Computer value 5000 Deprecation 3000 Book vale 2000 Sold for 2000 Pass entry?

16 Answers   FIC,

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How to do accounting entries in Accounts Payable

0 Answers   Accenture,

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Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why

0 Answers  

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what is the meaning of prepaid&accruals in accounting?

1 Answers   AFI,

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