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Guarantee of  profit in Partnership Accounts Sometimes, a partner is admitted in the firm on guarantee in respect of his minimum share of profit from the business. Such a guarantee can be given even to an existing partner also. Such a guarantee to the incoming partner is given either by the firm i.e. by all the old partners in an agreed ratio, or  some of the old partners or any one of the old partners When all the partners guarantee that one of the partners shall be given a minimum amount of profit, we should calculate the following two amounts separately:  Share of profit of the guaranteed partner as per profit sharing ratio, and Minimum guaranteed amount of profit of the guaranteed partner. The higher of the above two is to be given to that partner. The balance of profit (total profit minus profit given to the guaranteed partner) is to be shared by the remaining partners in their respective profit -sharing ratio. When the new partner’s share of pro

 Dear readers , are you planning for board exams 2018-19. We assure you that in this journey we are also with you. We have planned some question series for important topics of Accountancy. you need to visit day to day for download the series. If you find any doubt while solving the question you may ask in comment box or mail us.  Here we are providing some recommended questions which deals with PAST ADJUSTMENT and P&L APPROPRIATION A/C. You may download the PDF by following the arrow on right side the box. share and follow us on https://gocommerc.blogspot.com If you want more question on this topic then tell us in comment box.

GUIDELINES OF PROJECT BY CBSE  During the academic session the students will work on at least three types of projects out of which one will be of Comprehensive nature. The comprehensive project will involve the students from the initial stage of accounting to the preparation and analysis of financial statements. The data provided or the Project Statement will be as close to the real life situations as possible. The project statement should cover all important aspects like investments, financing, operating, adjustments to final accounts, etc. in a condensed form. The situations given in these problems will require a student to derive meaningful conclusion for taking decisions for the purposes of investment, expansion, financing, etc. Two projects will be of specific nature using atleast one tool of analysis in each. The data for these will be drawn mainly from quarterly or half yearly or annual reports of corporate sector. Students will analyze the information given in the fin

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                                                                                                                  Hello guys today i am going to tell you about CA ( chartered accountant ) course. It is top rated course having a rich knowledge of commerce subjects in one course. It is a complete knowledge oriented and job oriented course. After becoming CA one may work as employee or can practice privately. It is well known reputed course conducted by ICAI (Institute of Chartered Accountants of India). you may join CA by two methods either after XII or after Graduation (Direct entry scheme). I am providing complete detail on How to become a Chartered Accountant. You may check and download in PDF by clicking on right side arrow on the tab.                                                                                                                                                                        Download from here                                         

Hello readers here we are providing you the complete list of  "  Values " asked in value based questions. Value based questions are very important for examination point of view. It may carry 3 to 5 marks in every paper of commerce stream. So to score well you need to go through the values . So we have provided the list of suggested value list important to your examination. You may download it from below by clicking on the arrow on right side of tab. Please comment your feedback in comment box and follow us for regular updates and queries. share our link  https://gocommerc.blogspot.com   

Dear readers check out for new syllabus of accountancy for class XI th and class XII th. you may download from here and share it to your friends.