What is ‘Operating Cycle’? Post category:Accountancy Reading time:1 mins read SOLUTION ‘Operating Cycle’ is the time between the acquisition of assets for processing and their realisation in Cash and Cash Equivalents. 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 PostHow are the assets and liabilities of a Company usually marshalled? Next PostIn case Operating Cycle cannot be determined, what is the time period of operating cycle assumed? You Might Also Like Ram, Laxman and Bharat are partners sharing profits in the ratio of 3: 2: 1. Goodwill is appearing in the books at a value of Rs. 1,80,000. Laxman retires and at the time of his retirement, goodwill is valued at Rs. 2,52,000. Ram and Bharat decided to share future profits in the ratio of 2 : 1. The Profit for the first year after Laxman’s retirement amount to Rs. 1,20,000. Give the necessary Journal entries to record goodwill and to distribute the profit. Show your calculations clearly. August 3, 2022 Karim, Rehman and Navel are partners sharing profits and losses in the ratio of 5: 3: 2. Their Balance Sheet as at 31st March, 2022 stood as follows: October 28, 2022 Mars Ltd. has Plant and Machinery whose written down value on 1st April, 2017 was Rs. 9,60,000 and on 31st March, 2018 was Rs. 10,50,000. Depreciation for the year was Rs. 35,000. In the beginning of the year, a part of plant was sold for Rs. 45,000 which had a written down value of Rs. 30,000. Calculate Cash Flow from Investing Activities August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ram, Laxman and Bharat are partners sharing profits in the ratio of 3: 2: 1. Goodwill is appearing in the books at a value of Rs. 1,80,000. Laxman retires and at the time of his retirement, goodwill is valued at Rs. 2,52,000. Ram and Bharat decided to share future profits in the ratio of 2 : 1. The Profit for the first year after Laxman’s retirement amount to Rs. 1,20,000. Give the necessary Journal entries to record goodwill and to distribute the profit. Show your calculations clearly. August 3, 2022
Karim, Rehman and Navel are partners sharing profits and losses in the ratio of 5: 3: 2. Their Balance Sheet as at 31st March, 2022 stood as follows: October 28, 2022
Mars Ltd. has Plant and Machinery whose written down value on 1st April, 2017 was Rs. 9,60,000 and on 31st March, 2018 was Rs. 10,50,000. Depreciation for the year was Rs. 35,000. In the beginning of the year, a part of plant was sold for Rs. 45,000 which had a written down value of Rs. 30,000. Calculate Cash Flow from Investing Activities August 18, 2022