Give any one example of an activity, which is an investing activity for even type of enterprise. (C.B.S.E. 2017, Comptt.) Post category:Accountancy Reading time:1 mins read SOLUTION Following are investing activity for every type of enterprise: Purchase of GoodwillPurchase of Fixed AssetsSale of Fixed Assets. 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 with reason whether ‘Purchase of fixed asset on long term deferred payment’ would result in inflow, outflow or no flow of cash. Next PostGive an example of the activity which remains financing activity for every enterprise. (C.B.S.E. 2020, Mumbai, Chennai) You Might Also Like Kiya and Leela are partners sharing profits in the ratio of 3: 2. Kiran was admitted as a new partner with l/5th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the Capital Accounts of Kiya and Leela respectively with Rs. 18,000 and Rs. 6,000. Calculate the new profit-sharing ratio of Kiya, Leela and Kiran. (C.B.S.E. 2019) October 8, 2022 Why a retiring or heirs of a deceased partner are entitled to a share of goodwill of the firm? September 27, 2022 A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. B retired and the new profit-sharing ratio between A and C was 2 : 1. On B’s retirement, the goodwill of the firm was valued at Rs. 90,000. Pass necessary Journal entry for the treatment of goodwill on B’s retirement. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Kiya and Leela are partners sharing profits in the ratio of 3: 2. Kiran was admitted as a new partner with l/5th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the Capital Accounts of Kiya and Leela respectively with Rs. 18,000 and Rs. 6,000. Calculate the new profit-sharing ratio of Kiya, Leela and Kiran. (C.B.S.E. 2019) October 8, 2022
Why a retiring or heirs of a deceased partner are entitled to a share of goodwill of the firm? September 27, 2022
A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. B retired and the new profit-sharing ratio between A and C was 2 : 1. On B’s retirement, the goodwill of the firm was valued at Rs. 90,000. Pass necessary Journal entry for the treatment of goodwill on B’s retirement. August 3, 2022