When does a Cash Flow arise? (C.B.S.E. 2013, 2015) Post category:Accountancy Reading time:1 mins read SOLUTION A Cash Flow- arises when the net result of a transaction is either increase or decrease in Cash or 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 PostWhat is meant by the term ‘Cash Flows’? (C.B.S.E. 2020, Kerala) Next PostGive the meaning of ‘Cash’ for the purpose of preparing Cash Flow Statement. (C.B.S.E. 2019) You Might Also Like Give the adjusting entry and the closing entry for recording commission allowed to a partner, when the firm follows the fixed capital method. (I.S.C. 2015) September 26, 2022 What is Coupon rate? September 29, 2022 Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4: 3: 3. Their fixed capitals 1st April, 2018 were Rs. 9,00,000, Rs. 5,00,000 and Rs. 4,00,000 respectively. On 1st November, 2018, Yadu gave a loan of Rs. 80,000 to the firm, as per the partnership agreement. (i) The partners were entitled to an interest on capital @ 6% p.a. (ii)Interest on partners’ drawings was to be charged@ 8% p.a. The firm earned profit of Rs. 2,53,000 (after interest on Yadu’s Loan) during the year 2018-19. Partners drawings for the year amounted to: Yadu – Rs. 80,000, Vidu – Rs. 70,000 and Radhu – Rs. 50,000. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2019. October 11, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Give the adjusting entry and the closing entry for recording commission allowed to a partner, when the firm follows the fixed capital method. (I.S.C. 2015) September 26, 2022
Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4: 3: 3. Their fixed capitals 1st April, 2018 were Rs. 9,00,000, Rs. 5,00,000 and Rs. 4,00,000 respectively. On 1st November, 2018, Yadu gave a loan of Rs. 80,000 to the firm, as per the partnership agreement. (i) The partners were entitled to an interest on capital @ 6% p.a. (ii)Interest on partners’ drawings was to be charged@ 8% p.a. The firm earned profit of Rs. 2,53,000 (after interest on Yadu’s Loan) during the year 2018-19. Partners drawings for the year amounted to: Yadu – Rs. 80,000, Vidu – Rs. 70,000 and Radhu – Rs. 50,000. Prepare Profit and Loss Appropriation Account for the year ending 31st March, 2019. October 11, 2022