Name any two items that can be disclosed under “Tangible Assets”. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Land; (ii) Buildings. 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 ‘Short-term Provisions”. Next PostName any two items that can be disclosed under ‘Intangible Assets”. You Might Also Like Ashish and Kanav were partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2018 their Balance Sheet was as follows : July 25, 2022 What is meant by ‘mutual agency’ in case of partnership? (C.B.S.E. 2019. Chennai) September 23, 2022 X and Y are partners. The Partnership Deed provides inter alia: (a) That the Accounts be balanced on 31st March every year. (b) That the profits be divided as: X one-half, Y one-third and carried to a Reserve one-sixth. (c) That in the event of the death of a partner, his Executors be entitled to be paid: (i) The Capital to his credit till the date of death. (ii) His proportion of profits till the date of death based on the average profits of the last three completed years. (iii) By way of Goodwill, his proportion of the total profits for the three preceding years. (d) BALANCE SHEET as at 31st March, 2021 August 5, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ashish and Kanav were partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2018 their Balance Sheet was as follows : July 25, 2022
X and Y are partners. The Partnership Deed provides inter alia: (a) That the Accounts be balanced on 31st March every year. (b) That the profits be divided as: X one-half, Y one-third and carried to a Reserve one-sixth. (c) That in the event of the death of a partner, his Executors be entitled to be paid: (i) The Capital to his credit till the date of death. (ii) His proportion of profits till the date of death based on the average profits of the last three completed years. (iii) By way of Goodwill, his proportion of the total profits for the three preceding years. (d) BALANCE SHEET as at 31st March, 2021 August 5, 2022
