Dividend paid by a Trading or Manufacturing Company is classified under which kind of activity while preparing Cash flow statement? Post category:Accountancy Reading time:1 mins read SOLUTION Financing 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 PostDividend paid by a finance company is classified under which kind of activity while preparing Cash flow statement? (C.B.S.E. 2019) Next PostInterest paid by an investment company will come under which kind of activity while preparing Cash-flow statement? You Might Also Like Name the accounts which are maintained for the partners when capitals of the partners are fixed. (AI 2014 C) October 7, 2022 A, B and C were partners in a firm sharing profits in the ratio of 6 : 5 : 4. Their capitals were A − Rs. 1,00,000; B − Rs. 80,000 and C − Rs. 60,000 respectively. On 1st April, 2009, A retired from the firm and the new profit-sharing ratio between B and C was decided as 1: 4. On A’s retirement, the goodwill of the firm was valued at Rs. 1,80,000. Showing your calculations clearly, pass the necessary Journal entry for the treatment of goodwill on A’s retirement. August 3, 2022 Ram, Laxman and Bharat are partners sharing profits in the ratio of 3: 2: 1. Goodwill is appearing in the books at a value of Rs. 1,80,000. Laxman retires and at the time of his retirement, goodwill is valued at Rs. 2,52,000. Ram and Bharat decided to share future profits in the ratio of 2 : 1. The Profit for the first year after Laxman’s retirement amount to Rs. 1,20,000. Give the necessary Journal entries to record goodwill and to distribute the profit. Show your calculations clearly. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name the accounts which are maintained for the partners when capitals of the partners are fixed. (AI 2014 C) October 7, 2022
A, B and C were partners in a firm sharing profits in the ratio of 6 : 5 : 4. Their capitals were A − Rs. 1,00,000; B − Rs. 80,000 and C − Rs. 60,000 respectively. On 1st April, 2009, A retired from the firm and the new profit-sharing ratio between B and C was decided as 1: 4. On A’s retirement, the goodwill of the firm was valued at Rs. 1,80,000. Showing your calculations clearly, pass the necessary Journal entry for the treatment of goodwill on A’s retirement. August 3, 2022
Ram, Laxman and Bharat are partners sharing profits in the ratio of 3: 2: 1. Goodwill is appearing in the books at a value of Rs. 1,80,000. Laxman retires and at the time of his retirement, goodwill is valued at Rs. 2,52,000. Ram and Bharat decided to share future profits in the ratio of 2 : 1. The Profit for the first year after Laxman’s retirement amount to Rs. 1,20,000. Give the necessary Journal entries to record goodwill and to distribute the profit. Show your calculations clearly. August 3, 2022
