What is meant by the term ‘Cash Flows’? (C.B.S.E. 2020, Kerala) Post category:Accountancy Reading time:1 mins read SOLUTION Cash Flows mean the inflows and outflows of cash and cash equivalents. 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 PostGive one limitation of Cash How Statement. Next PostWhen does a Cash Flow arise? (C.B.S.E. 2013, 2015) You Might Also Like Do you think that Calls in Advance is a part of Share Capital? September 29, 2022 X, Y and Z are partners in a firm sharing profits in 2: 2: 1 ratio. The fixed capitals of the partners were: X Rs.5,00,000; Y Rs. 5,00,000 and Z Rs. 2,50,000 respectively. The Partnership Deed provides that interest on capital is to be allowed @ 10% p.a. Z is to be allowed a salary of Rs. 2,000 per month. The profit of the firm for the year ended 31st March, 2018 after debiting Z’s salary was Rs. 4,00,000. Prepare Profit and Loss Appropriation Account. July 20, 2022 Classify debentures from the point of view of redemption. September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, Y and Z are partners in a firm sharing profits in 2: 2: 1 ratio. The fixed capitals of the partners were: X Rs.5,00,000; Y Rs. 5,00,000 and Z Rs. 2,50,000 respectively. The Partnership Deed provides that interest on capital is to be allowed @ 10% p.a. Z is to be allowed a salary of Rs. 2,000 per month. The profit of the firm for the year ended 31st March, 2018 after debiting Z’s salary was Rs. 4,00,000. Prepare Profit and Loss Appropriation Account. July 20, 2022