What is ‘Operating Cycle’? Post category:Accountancy Reading time:1 mins read SOLUTION ‘Operating Cycle’ is the time between the acquisition of assets for processing and their realisation in 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 PostHow are the assets and liabilities of a Company usually marshalled? Next PostIn case Operating Cycle cannot be determined, what is the time period of operating cycle assumed? You Might Also Like Does the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) September 27, 2022 State two essential features of a Public Company. September 28, 2022 Om and Shiv are partners in a firm sharing profits in the ratio of 4: 1. They decided to share future profits in the ratio of 3: 2 w.e.f. 1st April, 2022. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. October 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Does the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) September 27, 2022
Om and Shiv are partners in a firm sharing profits in the ratio of 4: 1. They decided to share future profits in the ratio of 3: 2 w.e.f. 1st April, 2022. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. October 28, 2022