Points to Remember while Opening a Demat Account
Step 1: To open a demat account, you have to approach a depository participant (DP), an agent of depository, and fill up an account opening form.Step 2: Along with the account opening form, you must enclose photocopies of some documents for proof of identity and proof of address.Step 3: You will have to sign an agreement with DP in the depository prescribed standard format, which gives details of rights and duties of investor and DP. You are entitled to receive a copy of the…
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Important questions : Admission of a Partner
IMPORTANT QUESTIONSCHAPTER 5: Admission of a PartnerWrite the effects of admission of a partner?Define new profit sharing ratio?X and Y are partners sharing profit in the ratio of 3 : 2. They admit Z as a new partner for ⅕th shares in profit. Calculate the new profit sharing ratio and sacrificing ratio.A and B are partners sharing profits and losses equally. They admit C, as a new partner who acquires his share as ⅕th from A and ¼th from B. You are required to calculate the …
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CHANGE IN PROFIT SHARING RATION AMONG EXISTING PARTNERS : MOST IMPORTANT QUESTION
CHANGE IN PROFIT SHARING RATION AMONG EXISTING PARTNERS : MOST IMPORTANT QUESTION
Define Sacrificing Ratio?Define Gaining Ratio?Aman, Yatin and Uma were partners sharing profits and losses in the ratio of 5 : 3 : 2. Uma retired and her share was taken over by Aman and Yatin in 5 : 3 ratios. Calculate the gaining ratio of Aman and Yatin.P, Q and R are partners sharing profits and losses in the ratio of 5 : 4 : 1. Calculate new profit-sharing ratio, sacrificing ratio and gaini…
CLASS 12TH GOODWILL: MOST IMPORTANT QUESTIONS
CLASS 12TH GOODWILL: MOST IMPORTANT QUESTIONSWhat do you mean by goodwill?Explain the different methods of valuation of goodwill?Pooja purchased Ritik’s business on 1st April, 2019. It was agreed to value goodwill at three year’s purchase of average normal profits of the last four years. The profits of Ritik’s business for the last four years were:-
Year endedRs.31st March, 201690,00031st March, 20171,60,00031st March, 20181,80,00031st March, 20192,20,000
Following are noticed…
CLASS 12TH PARTNERSHIP : MOST IMPORTANT QUESTIONS
CLASS 12TH PARTNERSHIP : MOST IMPORTANT QUESTIONSWhat are the essential features of a partnership?Write the contents for partnership deed?X and Y started business with capital of Rs. 1,00,000 and Rs. 60,000 on 1st April 2018. Y is entitled to a salary of Rs. 800 per month. Interest is allowed on capitals and is charged on drawings at 6% per annum. Profits are to be distributed equally after the above noted adjustments. During the year X withdrew Rs. 16,000 and Y withdrew Rs.…
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SHARE??? INVESTOR OR SPECULATOR
SHARE??? INVESTOR OR SPECULATORAre you a trader or investor? What’s the difference, Trader is person who deals with share market on daily basis. He is a person who do intraday trading, option trading, etc on regular basis. He is a person who do lots of technical analysis, study market movements, keep check on both local and global market. On the other hand, investor is person who picks certain company which are fundamentally strong and invest his money for long term.Investor…
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