Name any two items that can be disclosed under ‘Long-term Borrowings’. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Bonds / Debentures; (ii) Term- Loans. 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 any two items that can be disclosed under ‘Reserve and Surplus’. Next PostName any two items that can be disclosed under ‘Short-term Provisions”. 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 Finserve Ltd is carrying on a Mutual fund business. It invested Rs. 30,00,000 in share’s and Rs. 15,00,000 in debentures of various companies during the year. It received Rs. 3,00,000 as dividend and interest. Find out cash flows from investing activities. (C.B.S.E. Sample Paper, 2015) October 6, 2022 Calculate Proprietary Ratio from the following: August 13, 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
Finserve Ltd is carrying on a Mutual fund business. It invested Rs. 30,00,000 in share’s and Rs. 15,00,000 in debentures of various companies during the year. It received Rs. 3,00,000 as dividend and interest. Find out cash flows from investing activities. (C.B.S.E. Sample Paper, 2015) October 6, 2022
