Dividend paid by a finance company is classified under which kind of activity while preparing Cash flow statement? (C.B.S.E. 2019) Post category:Accountancy Reading time:1 mins read SOLUTION Financing Activity. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 classify deposits by customers in Axis Bank? Next PostDividend paid by a Trading or Manufacturing Company is classified under which kind of activity while preparing Cash flow statement? You Might Also Like Pass necessary Journal entries to record the following unrecorded assets and liabilities in the books of Paras and Priya: (a) There was an old furniture in the firm which had been written off completely in the books. This was sold for Rs. 3,000. (b) Ashish, an old customer whose account for Rs. 1,000 was written off as bad in the previous year, paid 60%, of the amount. (c) Paras agreed to takeover the firm’s goodwill (not recorded in the books of the firm), at a valuation of Rs. 30,000. (d) There was an old typewriter which had been written off completely from the books. It was estimated to realise Rs. 400. It was taken by Priya at an estimated price less 25%. (e) There were 100 shares of Rs. 10 each in Star Limited acquired at a cost of Rs. 2,000 which had been written-off completely from the books. These shares are valued @ Rs. 6 each and divided among the partners in their profit-sharing ratio. July 25, 2022 X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Debtors and Provision for Doubtful Debts appeared at Rs. 76,000 and Rs. 8,000 respectively. Rs. 6,000 of the debtors proved bad. A provision of 5% is to be created on Sundry Debtors for doubtful debts. Pass the necessary Journal entries. August 1, 2022 State giving reasons, which of the following transactions would improve, reduce or not change the Current Ratio, if Current Ratio of a company is (i) 1: 1; or (ii) 0.8: 1(a) Cash paid to Trade Payables.(b) Purchase of Stock-in-Trade on credit.(c) Purchase of Stock-in-Trade for cash.(d) Payment of Dividend payable.(e) Bills Payable discharged.(f) Bills Receivable endorsed to a Creditor.(g) Bills Receivable endorsed to a Creditor dishonoured. August 12, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.