Name any two items which are shown on the debit of Profit and Loss Appropriation Account. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Interest on Capital, (ii) Salary to Partners. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostName the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates. Next PostName any two items which are shown on the credit of Profit and Loss Appropriation Account. You Might Also Like Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the ‘Share Capital’ in the Balance Sheet of the company July 9, 2022 From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: August 18, 2022 Rachit, Shekhar and Tarun were partners sharing profits in the ratio of 2: 3: 4. Shekhar retired on 1st April, 2018 on which date the Balance Sheet of the firm showed the following position: (i) Investments (Market Value 2,60,000) 3,00,000; (ii) Investment Fluctuation Reserve 1,30,000 Shekhar was of the opinion that Rs. 1,30,000 should be credited to the Capital accounts of all the partners in their profit-sharing ratio whereas Rachit and Tarun were of the opinion that Rs. 90,000 instead of Rs. 1,30,000 should be credited to the Capital accounts of all the partners to which Shekhar ultimately agreed. Explain what argument must have been put forward by Rachit and Tarun that convinced Shekhar September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Star Ltd. is registered with capital of Rs. 50,00,000 divided into 50,000 equity shares of Rs. 100 each, The Company issued 25,000 equity shares for subscription. Subscription was received for 23,750 shares and all the due amount was duly received, except the first and final call of Rs. 20 per share on 600 shares. Show the ‘Share Capital’ in the Balance Sheet of the company July 9, 2022
From the following extracts of Balance Sheet of Exe Ltd., calculate Cash Flow from Financing Activities: August 18, 2022
Rachit, Shekhar and Tarun were partners sharing profits in the ratio of 2: 3: 4. Shekhar retired on 1st April, 2018 on which date the Balance Sheet of the firm showed the following position: (i) Investments (Market Value 2,60,000) 3,00,000; (ii) Investment Fluctuation Reserve 1,30,000 Shekhar was of the opinion that Rs. 1,30,000 should be credited to the Capital accounts of all the partners in their profit-sharing ratio whereas Rachit and Tarun were of the opinion that Rs. 90,000 instead of Rs. 1,30,000 should be credited to the Capital accounts of all the partners to which Shekhar ultimately agreed. Explain what argument must have been put forward by Rachit and Tarun that convinced Shekhar September 27, 2022