What is meant by ‘Solvency of Business’? (C.B.S.E. 2016) Post category:Accountancy Reading time:1 mins read SOLUTION Solvency of business refers to the ability of the business to pay its long-term liabilities. 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 the other names of liquid ratio? Next PostName any two Solvency Ratios. You Might Also Like Name any two items which are shown on the credit of Profit and Loss Appropriation Account. September 26, 2022 Green Ltd. purchased the assets of Strong Ltd. for Rs. 40,00,000 and took over liabilities of 7,00,000 at an agreed value of Rs. 32,40,000. Payment was made by issuing 10% Debentures of 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd. July 18, 2022 A, B, C and D are partners in a firm sharing profits, in the ratio of 2: 1: 2: 1. On the retirement of C, Goodwill was valued Rs. 1,80,000. A, B and D decide to share future profits equally. Pass the necessary Journal entry for the treatment of goodwill. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name any two items which are shown on the credit of Profit and Loss Appropriation Account. September 26, 2022
Green Ltd. purchased the assets of Strong Ltd. for Rs. 40,00,000 and took over liabilities of 7,00,000 at an agreed value of Rs. 32,40,000. Payment was made by issuing 10% Debentures of 100 each at a discount of 10%. Pass the necessary Journal entries in the books of Green Ltd. July 18, 2022
A, B, C and D are partners in a firm sharing profits, in the ratio of 2: 1: 2: 1. On the retirement of C, Goodwill was valued Rs. 1,80,000. A, B and D decide to share future profits equally. Pass the necessary Journal entry for the treatment of goodwill. August 3, 2022