How will you treat Bank Overdraft and Cash Credit in the Balance Sheet of a Company? Post category:Accountancy Reading time:1 mins read SOLUTION These will be treated as ‘Short-term borrowings’. 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 PostUnder what heads the following Items on the Equity and Liabilities side of the Balance Sheet of a Company will be presented: (i) Proposed Dividend; (ii) Unclaimed Dividend. Next PostHow share application money pending allotment will be shown in a Company’s Balance Sheet? You Might Also Like Ashok, Bhim and Chetan who are sharing profits in the ratio of 5: 3: 2, decide to share profits in the ratio of 2: 3: 5 with effect from 1st April, 2022. Workmen Compensation Reserve appears at Rs. 1,20,000 in the Balance Sheet as at 31st March, 2022 and Workmen Compensation Claim is estimated at Rs. 1,50,000. Pass Journal entries for the accounting treatment of Workmen Compensation Reserve. October 28, 2022 A and B are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits in the ratio of 3 : 2 w.e.f. 1st April, 2019. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. July 27, 2022 From the following, calculate Gross Profit Ratio:Gross Profit: Rs. 50,000; Revenue from Operations Rs. 5,00,000; Sales Return: Rs. 50,000. August 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Ashok, Bhim and Chetan who are sharing profits in the ratio of 5: 3: 2, decide to share profits in the ratio of 2: 3: 5 with effect from 1st April, 2022. Workmen Compensation Reserve appears at Rs. 1,20,000 in the Balance Sheet as at 31st March, 2022 and Workmen Compensation Claim is estimated at Rs. 1,50,000. Pass Journal entries for the accounting treatment of Workmen Compensation Reserve. October 28, 2022
A and B are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits in the ratio of 3 : 2 w.e.f. 1st April, 2019. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. July 27, 2022
From the following, calculate Gross Profit Ratio:Gross Profit: Rs. 50,000; Revenue from Operations Rs. 5,00,000; Sales Return: Rs. 50,000. August 16, 2022