Under which type of activity will you classify ‘Refund of Income Tax received’ while preparing the Cash Flow Statement? Post category:Accountancy Reading time:1 mins read SOLUTION Operating Activity. 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 PostHow will you treat payment of tax and payment of dividend in a Cash How statement? Next PostUnder which type of activity will you classify ‘Commission and Royalty Received’ while preparing Cash Flow Statement? You Might Also Like What Accounts are maintained, (a) when the capitals are fixed? (b) when the capitals are fluctuating? September 23, 2022 What is the nature of ‘Revaluation Account’? September 26, 2022 Padam and Virender were partners in a firm with no partnership deed. Their drawings during the year ended 31st March, 2015 amounted to Rs. 5,00,000 and Rs. 2,00,000 respectively. Virender was of the opinion that the firm should drawings @ 6% p.a. However, Padam disagreed to it. Padam convinced Virender that interest cannot be charged on drawings. What argument must have been put forward by Padam that convinced Virender? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What Accounts are maintained, (a) when the capitals are fixed? (b) when the capitals are fluctuating? September 23, 2022
Padam and Virender were partners in a firm with no partnership deed. Their drawings during the year ended 31st March, 2015 amounted to Rs. 5,00,000 and Rs. 2,00,000 respectively. Virender was of the opinion that the firm should drawings @ 6% p.a. However, Padam disagreed to it. Padam convinced Virender that interest cannot be charged on drawings. What argument must have been put forward by Padam that convinced Virender? September 26, 2022
