State with reason whether ‘Old furniture written off would result into inflow / outflow or no flow of cash. Post category:Accountancy Reading time:1 mins read SOLUTION No flow. Old furniture written off does not involve cash. It is a non-cash item. 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 PostGive an example of the activity which remains financing activity for every enterprise. (C.B.S.E. 2020, Mumbai, Chennai) Next PostState with reason whether ‘Discount received on making payment to suppliers’ would result into inflow, outflow or no flow of cash. You Might Also Like A Ltd. forfeited a share of Rs. 100 issued at a premium of 20% for non-payment of first call of Rs. 30 per share and final call of Rs. 10 per share. State the minimum price at which this share can be reissued. (C.B.S.E. Sample Paper. 2017) September 29, 2022 Amit and Bramit started business on 1st April, 2018 with capitals of Rs. 15,00,000 and Rs. 9,00,000 respectively. On 1st October, 2018, they decided that their capitals should be Rs. 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March, 2019. July 21, 2022 Bhanu and Partab are partners. sharing profits equally. Their fixed capitals as on 1st April, 2018 are Rs. 8,00,000 and Rs. 10,00,000 respectively. Their drawings during the year were Rs. 50,000 and Rs. 1,00,000 respectively. Interest on Capital is a charge and is to be allowed @ 10% p.a. and interest on drawings is to be charged @ 15% p.a. Net Profit for the year ended 31st March, 2019 was Rs. 1,20,000. Prepare Profit and Loss Appropriation Account. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A Ltd. forfeited a share of Rs. 100 issued at a premium of 20% for non-payment of first call of Rs. 30 per share and final call of Rs. 10 per share. State the minimum price at which this share can be reissued. (C.B.S.E. Sample Paper. 2017) September 29, 2022
Amit and Bramit started business on 1st April, 2018 with capitals of Rs. 15,00,000 and Rs. 9,00,000 respectively. On 1st October, 2018, they decided that their capitals should be Rs. 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March, 2019. July 21, 2022
Bhanu and Partab are partners. sharing profits equally. Their fixed capitals as on 1st April, 2018 are Rs. 8,00,000 and Rs. 10,00,000 respectively. Their drawings during the year were Rs. 50,000 and Rs. 1,00,000 respectively. Interest on Capital is a charge and is to be allowed @ 10% p.a. and interest on drawings is to be charged @ 15% p.a. Net Profit for the year ended 31st March, 2019 was Rs. 1,20,000. Prepare Profit and Loss Appropriation Account. July 21, 2022