Classify the following activities as (i) Operating, (ii) Investing or (iii) Financing in case of a ‘Financial Enterprise’: (a) Proceeds from Sale of Investments; (b) Interest received on Debentures held as Investment Post category:Accountancy Reading time:1 mins read SOLUTION (a) Operating, (b) Operating. 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 whether depreciation charged by a Company will result in inflow, outflow or no flow of Cash. Next PostUnder which type of activity will you classify ‘Proceeds from sale of investment’ while preparing Cash Flow Statement? You Might Also Like Vinay and Naman are partners sharing profits in the ratio of 4 : 1. Their capitals were Rs. 90,000 and Rs. 70,000 respectively. They admitted Prateek for 1/3 share in the profits. Prateek brought Rs. 1,00,000 as his capital. Calculate the value of firm’s goodwill. August 1, 2022 A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019, their Balance Sheet was as follows: July 26, 2022 A and B are partners in a firm sharing profits in the ratio of 3: 2. Mrs. B has given a loan of Rs. 40,000 to the firm and A has also given a loan of Rs. 80,000 to the firm. The firm was dissolved and its assets realised Rs. 60,000. State the order of payment of Mrs. B’s loan and A’s loan assuming that there was no other third-party liability of the firm. (CBSE 2019 C) October 8, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Vinay and Naman are partners sharing profits in the ratio of 4 : 1. Their capitals were Rs. 90,000 and Rs. 70,000 respectively. They admitted Prateek for 1/3 share in the profits. Prateek brought Rs. 1,00,000 as his capital. Calculate the value of firm’s goodwill. August 1, 2022
A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019, their Balance Sheet was as follows: July 26, 2022
A and B are partners in a firm sharing profits in the ratio of 3: 2. Mrs. B has given a loan of Rs. 40,000 to the firm and A has also given a loan of Rs. 80,000 to the firm. The firm was dissolved and its assets realised Rs. 60,000. State the order of payment of Mrs. B’s loan and A’s loan assuming that there was no other third-party liability of the firm. (CBSE 2019 C) October 8, 2022