How will you classify deposits by customers in Axis Bank? Post category:Accountancy Reading time:1 mins read SOLUTION It Will be classified as operating activities. 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 PostHow will you classify loans given by Tata Finance Company? Next PostDividend paid by a finance company is classified under which kind of activity while preparing Cash flow statement? (C.B.S.E. 2019) You Might Also Like Record the journal entries for forfeiture and reissue of shares in the following cases:(i) Basak Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called-up on which the shareholder had paid application and allotment money of Rs. 5 per share. Out of these, 15 shares were reissued to Naresh as Rs. 7 per share paid-up for Rs. 8 per share.(ii) Y Ltd. forfeited 90 shares of Rs. 10 each, Rs. 8 called-up issued at a premium of Rs. 2 per share to ‘R‘ for non-payment of allotment money of Rs. 5 per share (including premium). Out of these, 80 shares were reissued to Sanjay as Rs. 8 called-up for Rs. 10 per share. July 14, 2022 A Ltd. redeemed Rs. 1,00,000, 9% debentures at 10% premium. What will be the amount of ‘Cash Flows from Financing Activities’? (C.B.S.E. 2020, Kerala) October 6, 2022 A company earns Gross Profit of 25% on cost. For the year ended 31st March, 2017 its Gross Profit was Rs. 5,00,000; Equity Share Capital of the company was Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000 and Non-current Assets were Rs. 10,00,000. Compute the ‘Working Capital Turnover Ratio’ of the company. August 16, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Record the journal entries for forfeiture and reissue of shares in the following cases:(i) Basak Ltd. forfeited 20 shares of Rs. 10 each, Rs. 7 called-up on which the shareholder had paid application and allotment money of Rs. 5 per share. Out of these, 15 shares were reissued to Naresh as Rs. 7 per share paid-up for Rs. 8 per share.(ii) Y Ltd. forfeited 90 shares of Rs. 10 each, Rs. 8 called-up issued at a premium of Rs. 2 per share to ‘R‘ for non-payment of allotment money of Rs. 5 per share (including premium). Out of these, 80 shares were reissued to Sanjay as Rs. 8 called-up for Rs. 10 per share. July 14, 2022
A Ltd. redeemed Rs. 1,00,000, 9% debentures at 10% premium. What will be the amount of ‘Cash Flows from Financing Activities’? (C.B.S.E. 2020, Kerala) October 6, 2022
A company earns Gross Profit of 25% on cost. For the year ended 31st March, 2017 its Gross Profit was Rs. 5,00,000; Equity Share Capital of the company was Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000 and Non-current Assets were Rs. 10,00,000. Compute the ‘Working Capital Turnover Ratio’ of the company. August 16, 2022
