Name the method of calculating interest on Drawings of the Partners if the different amounts are withdrawn on different dates. Post category:Accountancy Reading time:1 mins read SOLUTION Product Method. 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Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIf a fixed amount is withdrawn on the last day of every quarter, for what period the interest on total drawings will be calculated? Next PostName any two items which are shown on the debit of Profit and Loss Appropriation Account. You Might Also Like X and Y were partners in a firm sharing profits and losses in the ratio of 2 : 1. Z was admitted for 1/3rd share in the profits. On the date of Z’s admission, the Balance Sheet of X and Y showed General Reserve of Rs. 2,50,000 and a credit balance of Rs. 50,000 in Profit and Loss Account. Pass necessary Journal entries on the treatment of these items on Z’s admission. August 1, 2022 Normally, what should he the maturity period for a short-term investment from the date of its acquisition to be qualified as cash equivalents? (C.B.S.E. 2017) October 6, 2022 Why are assets and liabilities revalued on the admission of a new partner? September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y were partners in a firm sharing profits and losses in the ratio of 2 : 1. Z was admitted for 1/3rd share in the profits. On the date of Z’s admission, the Balance Sheet of X and Y showed General Reserve of Rs. 2,50,000 and a credit balance of Rs. 50,000 in Profit and Loss Account. Pass necessary Journal entries on the treatment of these items on Z’s admission. August 1, 2022
Normally, what should he the maturity period for a short-term investment from the date of its acquisition to be qualified as cash equivalents? (C.B.S.E. 2017) October 6, 2022
