How are Calls in Advance shown in the Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION Calls in Advance A/c is shown separately in the Balance Sheet under the main head ‘Current Liabilities’ and Sub-head ‘Other Current Liabilities’. 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 PostWhat is meant by Calls-in-Advance? Next PostAt what rate interest on Calls-in-Arrear can be charged by a Company according to Table F of Schedule I of the Companies Act, 2013? You Might Also Like From the following Balance Sheet and information of Sun Ltd., prepare Cash Flow Statement: August 20, 2022 Short term investments are not considered while preparing cash flow statement. Why? (C.B.S.E. 2017) October 6, 2022 Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on 31st March, 2018 were Rs. 5,00,000 and Rs. 4,00,000 respectively. Partnership Deed provided to allow interest on capital @ 10% p.a. The firm earned net profit of Rs. 2,00,000 for the year ended 31st March, 2019. Pass the Journal entry for interest on capital. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following Balance Sheet and information of Sun Ltd., prepare Cash Flow Statement: August 20, 2022
Short term investments are not considered while preparing cash flow statement. Why? (C.B.S.E. 2017) October 6, 2022
Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on 31st March, 2018 were Rs. 5,00,000 and Rs. 4,00,000 respectively. Partnership Deed provided to allow interest on capital @ 10% p.a. The firm earned net profit of Rs. 2,00,000 for the year ended 31st March, 2019. Pass the Journal entry for interest on capital. July 21, 2022