Give one limitation of Cash How Statement. Post category:Accountancy Reading time:1 mins read SOLUTION It ignores non cash transactions such as issue of shares against purchase of fixed assets or conversion of debentures into shares. 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 PostState any two advantages of preparing Cash Flow Statement. Next PostWhat is meant by the term ‘Cash Flows’? (C.B.S.E. 2020, Kerala) You Might Also Like What is meant by Gaining Partners? September 26, 2022 A and B are partners in the ratio of 3: 2. The firm maintains Fluctuating Capital Accounts and the balance of the same as on 31st March, 2020 amounted to Rs. 1,60,000 and Rs. 1,40,000 for A and B respectively. Their drawings during the year were Rs. 30,000 each. As per Partnership Deed, interest on capital@10% p.a. on opening capitals had been provided to them. Calculate opening capitals of partners given that their profit was Rs. 90,000. Show your workings clearly. October 11, 2022 State why non-cash transactions are ignored while preparing a Cash Flow Statement? October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in the ratio of 3: 2. The firm maintains Fluctuating Capital Accounts and the balance of the same as on 31st March, 2020 amounted to Rs. 1,60,000 and Rs. 1,40,000 for A and B respectively. Their drawings during the year were Rs. 30,000 each. As per Partnership Deed, interest on capital@10% p.a. on opening capitals had been provided to them. Calculate opening capitals of partners given that their profit was Rs. 90,000. Show your workings clearly. October 11, 2022