State any two advantages of preparing Cash Flow Statement. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Useful in preparing the Cash Budget.(ii) It explains deviations of Cash form earnings. 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 PostGive any two objectives of Cash Flow Statements. (C.B.S.E. Sample Paper, 2019) Next PostGive one limitation of Cash How Statement. You Might Also Like Is a sleeping* partner liable to the acts of other partners? September 23, 2022 Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016) October 7, 2022 What is meant by ‘Fluctuating Capital’ of a partner? (AI 2016 C) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Nusrat and Sonu were partners in a firm sharing profits in the ratio of 3: 2. During the year ended 31st March, 2015 Nusrat had withdrawn Rs. 15,000. Interest on her drawings amounted to Rs. 300. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fixed. (Delhi 2016) October 7, 2022