On dissolution of a firm, where are assets shown in the balance sheet transferred? Post category:Accountancy Reading time:1 mins read SOLUTION On the Debit side of Realisation Account. 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 PostWhy is Realisation Account prepared? Next PostOn dissolution of a firm, where is cash in hand transferred? You Might Also Like Calculate Cost of Revenue from Operations from the following information: Revenue from Operations Rs. 12,00,000; Operating Ratio 75%; Operating Expenses Rs. 1,00,000. August 17, 2022 Charles Ltd. earned a profit of Rs. 1,00,000 after charging depreciation of 20,000 on assets and a transfer to General Reserve of Rs. 30,000. Goodwill amortised was Rs. 7,000, and gain on sale of machinery was Rs. 3,000. Other information available is (changes in the value of Current Assets and Current Liabilities): trade receivables showed an increase of Rs. 3,000; trade payables an increase of Rs. 6,000; Prepaid expenses an increase of Rs. 200; and outstanding expenses a decrease of Rs. 2,000. Ascertain Cash Flow from Operating Activities. August 18, 2022 Following are the extracts from the Balance Sheet of MAH Ltd. as at 31st March, 2019: August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Calculate Cost of Revenue from Operations from the following information: Revenue from Operations Rs. 12,00,000; Operating Ratio 75%; Operating Expenses Rs. 1,00,000. August 17, 2022
Charles Ltd. earned a profit of Rs. 1,00,000 after charging depreciation of 20,000 on assets and a transfer to General Reserve of Rs. 30,000. Goodwill amortised was Rs. 7,000, and gain on sale of machinery was Rs. 3,000. Other information available is (changes in the value of Current Assets and Current Liabilities): trade receivables showed an increase of Rs. 3,000; trade payables an increase of Rs. 6,000; Prepaid expenses an increase of Rs. 200; and outstanding expenses a decrease of Rs. 2,000. Ascertain Cash Flow from Operating Activities. August 18, 2022
Following are the extracts from the Balance Sheet of MAH Ltd. as at 31st March, 2019: August 18, 2022
