Mention a case where Profit & Loss Appropriation Account will be prepared even if Profit & Loss Account discloses net loss. Post category:Accountancy Reading time:1 mins read SOLUTION In case of Interest on Drawings. Application based 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 PostWhy is Profit and Loss Appropriation Account prepared by a Partnership Firm? Next PostA and B jointly purchased a plot of land. Will they be called partners? You Might Also Like On 1st January, 2017, Raha Ltd. issued 6,000, 8% Debentures of nominal (face) value of Rs. 100 each redeemable at 5% premium in equal proportions at the end of 5, 10 and 15 years. It has a balance of Rs. 10,000 in Securities Premium Reserve. Pass Journal entries. Also give Journal entries for writing off Loss on Issue of Debentures. July 18, 2022 Under which type of activity will you classify ‘Proceeds from sale of investment’ while preparing Cash Flow Statement? October 4, 2022 Ashok, Bhim and Chetan who are sharing profits in the ratio of 5: 3: 2, decide to share profits in the ratio of 2: 3: 5 with effect from 1st April, 2022. Workmen Compensation Reserve appears at Rs. 1,20,000 in the Balance Sheet as at 31st March, 2022 and Workmen Compensation Claim is estimated at Rs. 1,50,000. Pass Journal entries for the accounting treatment of Workmen Compensation Reserve. October 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On 1st January, 2017, Raha Ltd. issued 6,000, 8% Debentures of nominal (face) value of Rs. 100 each redeemable at 5% premium in equal proportions at the end of 5, 10 and 15 years. It has a balance of Rs. 10,000 in Securities Premium Reserve. Pass Journal entries. Also give Journal entries for writing off Loss on Issue of Debentures. July 18, 2022
Under which type of activity will you classify ‘Proceeds from sale of investment’ while preparing Cash Flow Statement? October 4, 2022
Ashok, Bhim and Chetan who are sharing profits in the ratio of 5: 3: 2, decide to share profits in the ratio of 2: 3: 5 with effect from 1st April, 2022. Workmen Compensation Reserve appears at Rs. 1,20,000 in the Balance Sheet as at 31st March, 2022 and Workmen Compensation Claim is estimated at Rs. 1,50,000. Pass Journal entries for the accounting treatment of Workmen Compensation Reserve. October 28, 2022