What are Current Liabilities? Post category:Accountancy Reading time:1 mins read SOLUTION Current liabilities refer to those liabilities which are to be paid in near future (normally within one year). 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 PostWhat are Current Assets? Next PostWhat is an ideal current ratio? You Might Also Like State any two grounds on the basis of which court may order for the dissolution of partnership firm. (C.B.S.E. 2019, Kerala) September 27, 2022 Moli and Bholi contribute Rs. 20,000 and Rs. 10,000 respectively towards capital. They decide to allow interest on capital @ 6% p.a. Their respective share of profits is 2: 3 and the net profit for the year is Rs. 1,500. Show distribution of profits: (i) where there is no agreement except for interest on capitals; and (ii) where there is an agreement that the interest on capital as a charge. July 21, 2022 State with reason whether ‘Old furniture written off would result into inflow / outflow or no flow of cash. October 6, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any two grounds on the basis of which court may order for the dissolution of partnership firm. (C.B.S.E. 2019, Kerala) September 27, 2022
Moli and Bholi contribute Rs. 20,000 and Rs. 10,000 respectively towards capital. They decide to allow interest on capital @ 6% p.a. Their respective share of profits is 2: 3 and the net profit for the year is Rs. 1,500. Show distribution of profits: (i) where there is no agreement except for interest on capitals; and (ii) where there is an agreement that the interest on capital as a charge. July 21, 2022
State with reason whether ‘Old furniture written off would result into inflow / outflow or no flow of cash. October 6, 2022