How are the assets and liabilities of a Company usually marshalled? Post category:Accountancy Reading time:1 mins read SOLUTION In the order of Permanence. 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 PostWhat is the number of major heads of the Equity and Liabilities side of a Company’s Balance Sheet? Next PostWhat is ‘Operating Cycle’? You Might Also Like Nimrat, Maira and Kabir are partners sharing profits in the ratio of 2: 2: 1. Nimrat is guaranteed minimum profit of Rs. 1,60,000 per annum. Net Profit for the year ended 31st March, 2022 is Rs. 1,00,000. Prepare Profit & Loss Appropriation Account for the year. October 18, 2022 X, Y and Z were partners in a firm sharing profits in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31st March, 2019 was: August 3, 2022 Star Ltd. forfeited 500 Equity Shares of Rs. 100 each for non-payment of first call of Rs. 30 per share. The final call of Rs. 10 per share was not yet made. Out of these, 60% shares were reissued for Rs. 39,000 fully paid. journalise the forfeiture and reissue of shares. July 14, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.