In the event of dissolution of a partnership firm, where is the provision for doubtful debts transferred? Post category:Accountancy Reading time:1 mins read SOLUTION On the Credit side of Realisation Account. 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 PostOn dissolution of a firm, where is cash in hand transferred? Next PostOn dissolution of a partnership firm, where is profit or loss on realization transferred? You Might Also Like Name any one line item that can be shown under the major heading “Equity and Liabilities” in a Company’s Balance Sheet. September 30, 2022 Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd. July 13, 2022 ‘Sale of goods Rs. 23,000 for cash will not affect the operating ratio.’ Is the statement correct? Give reason. (C.B.S.E. 2020. Rajasthan) October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name any one line item that can be shown under the major heading “Equity and Liabilities” in a Company’s Balance Sheet. September 30, 2022
Citizen Watches Ltd. invited applications for 50,000 shares of Rs. 10 each payable Rs. 3 on application, Rs. 4 on allotment and balance on first and final call. Applications were received for 60,000 shares. Applications were accepted for 50,000 shares and remaining applications were rejected. All calls were made and received except First and Final call on 500 shares. Pass the journal entries in the books of Citizen Watches Ltd. July 13, 2022
‘Sale of goods Rs. 23,000 for cash will not affect the operating ratio.’ Is the statement correct? Give reason. (C.B.S.E. 2020. Rajasthan) October 3, 2022