Solution for DK Goel Accountancy Class 12

Introduction:
Accountancy class 12 by DK Goel is a comprehensive guide that helps students to understand the concepts of accounting. It covers various topics related to accounting such as partnership, company accounts, and cash flow statements. Here are some solutions to the problems given in the book.

Partnership Accounting:
Partnership accounting is the process of maintaining the accounts of a partnership firm. The following are some of the solutions related to partnership accounting:

- Calculation of interest on capital: Interest on capital can be calculated by multiplying the capital with the agreed rate of interest. For example, if the capital is Rs. 1,00,000 and the agreed rate of interest is 10%, then the interest on capital will be Rs. 10,000.
- Calculation of interest on drawings: Interest on drawings can be calculated by multiplying the amount of drawings with the agreed rate of interest. For example, if the drawings are Rs. 50,000 and the agreed rate of interest is 12%, then the interest on drawings will be Rs. 6,000.
- Calculation of goodwill: Goodwill can be calculated by taking the average profits of the last few years and multiplying it with the agreed number of years of purchase. For example, if the average profit of the last three years is Rs. 2,00,000 and the agreed number of years of purchase is three, then the goodwill will be Rs. 6,00,000.

Company Accounts:
Company accounts refer to the accounts maintained by a company. The following are some of the solutions related to company accounts:

- Calculation of depreciation: Depreciation can be calculated by using various methods such as straight-line method, written-down value method, and sum-of-the-years' digits method. The most commonly used method is the straight-line method where the depreciation is calculated by dividing the cost of the asset by the useful life of the asset. For example, if the cost of the asset is Rs. 10,00,000 and the useful life of the asset is five years, then the depreciation will be Rs. 2,00,000 per year.
- Calculation of dividends: Dividends can be calculated by dividing the total profit by the percentage of dividend declared. For example, if the total profit is Rs. 10,00,000 and the percentage of dividend declared is 10%, then the dividend will be Rs. 1,00,000.
- Calculation of earnings per share: Earnings per share can be calculated by dividing the net profit after tax by the total number of equity shares. For example, if the net profit after tax is Rs. 10,00,000 and the total number of equity shares is 1,00,000, then the earnings per share will be Rs. 10 per share.

Cash Flow Statements:
Cash flow statements refer to the statements that show the inflow and outflow of cash in a business. The following are some of the solutions related to cash flow statements:

- Calculation of net cash flow from operating activities: Net cash flow from operating activities can be calculated by subtracting the cash outflow from the cash inflow. For example, if the cash inflow from operating activities is Rs. 10,00,000 and the cash outflow from operating activities is Rs. 8,00,000, then the net cash flow from operating activities will be Rs.