How ‘securities premium reserve’ appears in the Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION It appears on the equity and liabilities side of the Balance Sheet under Reserves and Surplus’ 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 Share Issue Expenses are shown in the Balance Sheet? Next PostState two purposes for which securities premium reserve can be used by a Company. You Might Also Like Kalpana and Kanika were partners in a firm sharing profits in 3: 1 ratio. They admitted Karuna as a partner for 1/4th share in the future profits. Karuna was to bring Rs. 60,000 for his capital. The Balance Sheet of Kalpana and Kanika as at 1st April, 2021, the date on which Karuna was admitted, was: November 4, 2022 Tom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) October 7, 2022 Kalpana and Kanika were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2019, they admitted Karuna as a new partner for 1/5th share in the profits of the firm. The Balance Sheet of Kalpana and Kanika as on 1st April, 2019 was as follows: August 2, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Kalpana and Kanika were partners in a firm sharing profits in 3: 1 ratio. They admitted Karuna as a partner for 1/4th share in the future profits. Karuna was to bring Rs. 60,000 for his capital. The Balance Sheet of Kalpana and Kanika as at 1st April, 2021, the date on which Karuna was admitted, was: November 4, 2022
Tom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) October 7, 2022
Kalpana and Kanika were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2019, they admitted Karuna as a new partner for 1/5th share in the profits of the firm. The Balance Sheet of Kalpana and Kanika as on 1st April, 2019 was as follows: August 2, 2022