State giving reason, whether issue of shares for consideration other than cash will result into inflow, outflow or no flow of cash. (C.B.S.E. 2020, Kerala) Post category:Accountancy Reading time:1 mins read SOLUTION It will result in no flow of cash because it is a non cash transaction. 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 PostA Ltd. redeemed Rs. 1,00,000, 9% debentures at 10% premium. What will be the amount of ‘Cash Flows from Financing Activities’? (C.B.S.E. 2020, Kerala) Next PostWhat is meant by ‘partners’, ‘firm’ and ‘firm’s name’? You Might Also Like Raman and Rohit were partners in a firm sharing profits and losses in the ratio of 2: 1. On 31st March, 2018, their Balance Sheet was as follows: November 4, 2022 Calculate Inventory Turnover Ratio from the following information: Opening Inventory Rs. 40,000; Purchases Rs. 3,20,000; and Closing Inventory Rs. 1,20,000. State, giving reason, which of the following transactions would (i) increase, (ii) decrease, (iii) neither increase nor decrease the Inventory Turnover Ratio: (a) Sale of goods for Rs. 40,000 (Cost Rs. 32,000). (b) increase in the value of Closing Inventory by Rs. 40,000. (c) Goods purchased for Rs. 80,000. (d) Purchases Return Rs. 20,000. (e) goods costing Rs. 10,000 withdrawn for personal use. (f) Goods costing Rs. 20,000 distributed as free samples. August 13, 2022 A, B, and C are partners sharing profits in the ratio of 5: 3: 2. C died and his share is taken by A. Calculate new profit-sharing ratio of A and B. August 4, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.