How will you treat Bank Overdraft in a Cash Flow Statement? (C.B.S.E. 2015) Post category:Accountancy Reading time:1 mins read SOLUTION Bank Overdraft is short-term borrowing and will be treated as 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 PostUnder which type of activity will you classify ‘Commission and Royalty Received’ while preparing Cash Flow Statement? Next PostWhere will you show purchase of Goodwill in a Cash Flow Statement? You Might Also Like A and B are partners in a firm with capital of Rs. 60,000 and Rs. 1,20,000 respectively. They decide to admit C into the partnership for 1/4th share in the future profits. C is to bring in a sum of Rs. 70,000 as his capital. Calculate amount of goodwill. August 1, 2022 While preparing Cash Flow’ Statement of Sharda Ltd. ‘Depreciation provided on fixed assets’ was added to net profit to calculate cash flow from operating activities. Was the accountant correct in doing so? Give reason. October 6, 2022 X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner and fixed the new profit-sharing ratio as 3 : 2 : 1. At the time of admission of Z, Debtors and Provision for Doubtful Debts appeared at Rs. 50,000 and Rs. 5,000 respectively all debtors are good. Pass the necessary Journal entries. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.