Under which type of activity will you classify ‘Commission and Royalty Received’ while preparing Cash Flow Statement? Post category:Accountancy Reading time:1 mins read SOLUTION Operating Activity. 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 PostUnder which type of activity will you classify ‘Refund of Income Tax received’ while preparing the Cash Flow Statement? Next PostHow will you treat Bank Overdraft in a Cash Flow Statement? (C.B.S.E. 2015) You Might Also Like Pass necessary Journal entries for the following transactions on the dissolution of the firm P and Q after the various assets (other than cash) and outside liabilities have been transferred to Realisation Account: (a) Bank Loan Rs. 12,000 was paid. (b) Stock worth Rs. 16,000 was taken over by partner Q. (c) Partner P paid a creditor Rs. 4,000. (d) An asset not appearing in the books of accounts realised Rs. 1,200. (e) Expenses of realisation Rs. 2,000 were paid by partner Q. (f) Profit on realisation Rs. 36,000 was distributed between P and Q in 5 : 4 ratio. July 25, 2022 A and B dissolve their partnership. Their position as at 31st March, 2019 was: July 26, 2022 What are equity shares? September 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.