Under which type of activity will you classify ‘Rent Received’ while preparing cash flow statement? (C.B.S.E. Sample Paper, 2019) Post category:Accountancy Reading time:1 mins read SOLUTION Investing Activity. 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 PostP P Limited is Share Broker Company. G G Limited is engaged in manufacturing of packaged food. P P Limited purchased 5,000 equity shares of Rs. 100 each of Savita Limited. G G Limited also purchased 10,000 equity shares of Rs. 100 each of Savita Limited. For the purpose of preparing their respective Cash Flow Statements, under which category of activities the purchase of shares will be classified by P P Limited and G G Limited? (C.B.S.E. Sample Paper, 2018) Next PostMevo Ltd., a financial enterprise had advanced a loan of Rs. 3,00.000, invested Rs. 6,00.000 in shares of the other companies and purchased machinery for Rs. 9,00,000. It received dividend of Rs. 70,000 on investment in shares. The company sold an old machine of the book value of Rs. 79,000 at a loss of Rs. 10,000. Compute Cash flows from Investing Activities. (C.B.S.E. 2019.M.P.) You Might Also Like State two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. September 27, 2022 Brij and Mohan are partners in a firm. They withdrew Rs. 48,000 and Rs. 36,000 respectively during the year evenly in the middle of every month. According to the partnership agreement, interest on drawings is to be charged @ 10% p.a. Calculate interest on drawings of the partners using the appropriate formula. July 21, 2022 Ram, Mohan and Sohan were partners sharing profits in the ratio of 2: 1: 1. Ram withdrew Rs. 3,000 every month and Mohan withdrew Rs. 4,000 every month. Interest on drawings @6% p.a. was charged, whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error. October 11, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. September 27, 2022
Brij and Mohan are partners in a firm. They withdrew Rs. 48,000 and Rs. 36,000 respectively during the year evenly in the middle of every month. According to the partnership agreement, interest on drawings is to be charged @ 10% p.a. Calculate interest on drawings of the partners using the appropriate formula. July 21, 2022
Ram, Mohan and Sohan were partners sharing profits in the ratio of 2: 1: 1. Ram withdrew Rs. 3,000 every month and Mohan withdrew Rs. 4,000 every month. Interest on drawings @6% p.a. was charged, whereas the partnership deed was silent about interest on drawings. Showing your working clearly, pass the necessary adjustment entry to rectify the error. October 11, 2022
