What is a share? Post category:Accountancy Reading time:1 mins read SOLUTION Total capital of the Company is divided in units of small denominations such as Rs. 10 or Rs. 100. Each such unit is called share. 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 PostState two essential features of a Public Company. Next PostWhat are the two types of shares which a Company can issue? You Might Also Like Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4: 3: 3. Their fixed capitals 1st April, 2018 were Rs. 9,00,000, Rs. 5,00,000 and Rs. 4,00,000 respectively. On 1st November, 2018, Yadu gave a loan of Rs. 80,000 to the firm, as per the partnership agreement. (i) The partners were entitled to an interest on capital @ 6% p.a. (ii)Interest on partners’ drawings was to be charged@ 8% p.a. The firm earned profit of Rs. 2,53,000 (after interest on Yadu’s Loan) during the year 2018-19. Partners drawings for the year amounted to: Yadu – Rs. 80,000, Vidu – Rs. 70,000 and Radhu – Rs. 50,000. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2019. October 11, 2022 State with reason whether repayment of long-term loan will result in increase, decrease or no change of debt-equity ratio. October 3, 2022 Under which accounting standard, Cash flow statement is prepared? October 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4: 3: 3. Their fixed capitals 1st April, 2018 were Rs. 9,00,000, Rs. 5,00,000 and Rs. 4,00,000 respectively. On 1st November, 2018, Yadu gave a loan of Rs. 80,000 to the firm, as per the partnership agreement. (i) The partners were entitled to an interest on capital @ 6% p.a. (ii)Interest on partners’ drawings was to be charged@ 8% p.a. The firm earned profit of Rs. 2,53,000 (after interest on Yadu’s Loan) during the year 2018-19. Partners drawings for the year amounted to: Yadu – Rs. 80,000, Vidu – Rs. 70,000 and Radhu – Rs. 50,000. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2019. October 11, 2022
State with reason whether repayment of long-term loan will result in increase, decrease or no change of debt-equity ratio. October 3, 2022