GUAJARAT FOREST GAURD EXAM DATE FINAL 2019 || VAN-RAKSHAK DATE || breaking News Gujarat Forest

On 1st june 2019, A sold goods at B for ₹250. B gave to A his acceptance payable 1 month after date. Before maturify B requests A to renew it, which A does adding ₹ 10 to the new bill for interest Make the necessary Journal entries to record these transactions in the books of both A and B.

Following is the extract of Balance Sheet as at 31st March, 2019 of a company: Additional Information: 1. Interim dividend on Equity Shares at the end of current year was paid @ 15%. 2. Dividend on Preference Shares was 3. Preference Shares were redeemed at a premium of 5% on 31st March, 2019. 4. New shares and debentures were issued on the last date of current year. Determine Cash Flow from Financing Activities.

{:("Following balances appear in the books of X Ltd. as on 1st April, 2018: ",₹),( "Machinery A/c","5,00,000"),("Provision for Depreciation A/c","2,25,000"):} The machinery is depreciated "@ "10% p.a. on the Fixed Instalment Method. The accounting year being April-March. On 1st October, 2018, a machinery which was purchased on 1st July, 2015 for Rs 1,00,000 was sold for Rs 42,000 plus CGST and SGST "@ "6% each and on the same date a new machine was purchased for Rs 2,00,000 paying IGST "@ "12% . Prepare Machinery Account and Provision for Depreciation Account for the year ended 31st March, 2019.

A and B are partners in a firm shaing profits in the ratio of 3 : 2. They admit C as a partner on 1st April, 2019 on which date the Balance Sheet of the firm was: You are required to parpare the Revaluation Account, Partners' Capital Accounts and Balance Sheet of the new firm after considering the following: (a) C brings RS.30,000 as Capital for 1/4th share. He also brings RS.10,000 for his for share of goodwill. (b) Part of the Stock which had been included at cost of RS.2,000 had been badly damaged in storage and could only expect to realise RS.400. (c) Bank changes had been overlooked and amounted to RS.200 for the year 2018-19. (d) Depreciation on Building of RS.3,000 had been omitted for the year 2018-19. (e) A credit for goods for RS.800 had been omitted from both purchases and creditors although the goods had been correctly included in Stock. (f) An expense of RS.1,200 for insurance premium was debited in the Profit and Loss Account of 2018-19 but RS.600 of this are related to the period after 31st March, 2019.

Pradeep and Dhanraj were partners in a firm sharing profits in the ratio of 3:1. Their Balance Sheet on 31st March, 2019 was: They admitted Leander as a new partner on this date. New profit-sharing ratio is agreed as 3:2:3. Leander brings in proportionate capital after the following adjustments: (a) Leander bringsRs 16,000 as his share of goodwill. (b) Provision for Doubtful Debts is to be reduced byRs 2,000. (c) There is an Old Printer valued atRs 2,400. It does not appear in the books of the firm. It is now to be recorded. (d) Patents are valueless. Prepare Revaluation Account, Capital Accounts and opening Balance Sheet of Pradeep, Dhanraj and Leander.

X and Y are partners sharing profits and losses in the raio of 3:2 From 1st April, 2019, they decide to share the profits equally. On that date, General Reserve showed balance ofRs 2,00,000. On the same date, they admitted Z as a new partner for 1/3rd share. Z bringsRs 5,00,000 as his capital andRs 3,50,000 as premium for goodwill. Pass necessary Journal entries for distribution of General Reserve on change in profit-sharing ratio and at the time of Z's admission.

A Van was purchased on 1st April, 2016 for Rs 60,000 and Rs 5,000 was spent on its repair and registration. On 1st October, 2017 another van was purchased for Rs 70,000. On 1st April, 2018, the first van purchased on 1st April, 2016 was sold for Rs 45,000 and a new van costing Rs 1,70,000 was purchased on the same date. Show the Van Account from 2016-17 to 2018-19 on the basis of Straight Line Method, if the rate of Depreciation charged is 10% p.a. Assume that books are closed on 31st March every year.

(Premium brought in Kind). X and Y are partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2019, they admit Z as new partner for 3/13th share in the profits. New ratio will be 5 :5 :3. Z contributed the following assets to his capital and his share for goodwill: Stock RS 80, 000, Debtors RS 1,20,000, Land RS 2,00,000, Plant and Machinery RS 1,00,2000. On the date of admission of Z, goodwill of the firm was valued at RS 10,40,000, Pass necessary Journal entries in the books of the firm on Z's admission.