State whether the payment of Cash to Trade Payables will result in inflow, outflow’ or no flow of Cash. Post category:Accountancy Reading time:1 mins read SOLUTION Outflow’. 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 PostState whether conversion of debentures into equity shares by a financing company will result in inflow’, outflow’ or no flow’ of cash. Next PostState whether depreciation charged by a Company will result in inflow, outflow or no flow of Cash. You Might Also Like Give one point of difference between Profit and Loss Account and Profit and Loss Appropriation Account. September 26, 2022 How are mutual relations of partners governed in the absence of Partnership Deed? September 23, 2022 The partnership between A and B was dissolved on 31st March, 2019. On that date the respective credits to the capitals were A − Rs. 1,70,000 and B − Rs. 30,000. Rs. 20,000 were owed by B to the firm; Rs. 1,00,000 were owed by the firm to A and Rs. 2,00,000 were due to the Trade Creditors. Profits and losses were shared in the proportions of 2/3 to A, 1/3 to B. The assets represented by the above stated net liabilities realise Rs. 4,50,000 exclusives of Rs. 20,000 owed by B. The liabilities were settled at book figures. Prepare Realisation Account, Partners’ Capital Accounts and Cash Account showing the distribution to the partners. July 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Give one point of difference between Profit and Loss Account and Profit and Loss Appropriation Account. September 26, 2022
The partnership between A and B was dissolved on 31st March, 2019. On that date the respective credits to the capitals were A − Rs. 1,70,000 and B − Rs. 30,000. Rs. 20,000 were owed by B to the firm; Rs. 1,00,000 were owed by the firm to A and Rs. 2,00,000 were due to the Trade Creditors. Profits and losses were shared in the proportions of 2/3 to A, 1/3 to B. The assets represented by the above stated net liabilities realise Rs. 4,50,000 exclusives of Rs. 20,000 owed by B. The liabilities were settled at book figures. Prepare Realisation Account, Partners’ Capital Accounts and Cash Account showing the distribution to the partners. July 26, 2022
