State two essential features of a company. Post category:Accountancy Reading time:1 mins read SOLUTION (i) It is an artificial person created by law; (ii) It has a separate legal entity. 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 an item which is transferred to credit side of Realisation Account at the time of dissolution of partnership firm, but does not involve cash payment. (C.B S.E. 2020, Mumbai Chennai) Next PostState two essential features of a Private Company. You Might Also Like What will be the impact of increase in Current liabilities on Working Capital turnover ratio? State with reason. October 3, 2022 Abha and Beena were partners sharing profits and losses in the ratio of 3: 2. On April 1st 2013 they decided to admit Chanda for 1 / 5th share in the profits. They had a reserve of Rs. 25.000 which they wanted to show in their new balance sheet. Chanda agreed and the necessary adjustments were made in the books. On October 1st 2013, Abha met with an accident and died. Beena and Chanda decided to admit Abha’s daughter Fiza in their partnership, who agreed to bring Rs. 2,00,000 as capital. Calculate Abha’s share in the reserve on the date of her death. (C.B.S.E. Sample Paper, 2015) September 27, 2022 Ruchi Ltd. issued for public subscription 40,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 per share payable as: July 15, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What will be the impact of increase in Current liabilities on Working Capital turnover ratio? State with reason. October 3, 2022
Abha and Beena were partners sharing profits and losses in the ratio of 3: 2. On April 1st 2013 they decided to admit Chanda for 1 / 5th share in the profits. They had a reserve of Rs. 25.000 which they wanted to show in their new balance sheet. Chanda agreed and the necessary adjustments were made in the books. On October 1st 2013, Abha met with an accident and died. Beena and Chanda decided to admit Abha’s daughter Fiza in their partnership, who agreed to bring Rs. 2,00,000 as capital. Calculate Abha’s share in the reserve on the date of her death. (C.B.S.E. Sample Paper, 2015) September 27, 2022
Ruchi Ltd. issued for public subscription 40,000 Equity Shares of Rs. 10 each at a premium of Rs. 2 per share payable as: July 15, 2022