What is the financial year in case of a Company? Post category:Accountancy Reading time:1 mins read SOLUTION From 1st April to 31st March. 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 PostName any two financial statements of a Company. Next PostWhat is the number of major heads of the Assets side of a Company’s Balance Sheet? You Might Also Like Name two items which are credited to the Capital Account of a partner upon his death. September 27, 2022 Pass Journal entries for the following transactions at the time of dissolution of the firm: (a) Loan of Rs. 10,000 advanced by a partner to the firm was refunded. (b) X, a partner, takes over an unrecorded asset (Typewriter) at Rs. 300. (c) Undistributed balance (Debit) of Profit and Loss Account Rs. 30,000. The firm has three partners X, Y and Z. (d) Assets of the firm realised Rs. 1,25,000. (e) Y who undertakes to carry out the dissolution proceedings is paid Rs. 2,000 for the same. (f) Creditors are paid Rs. 28,000 in full settlement of their account of Rs. 30,000. July 25, 2022 Does the change in profit-sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (AI 2017 C) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name two items which are credited to the Capital Account of a partner upon his death. September 27, 2022
Pass Journal entries for the following transactions at the time of dissolution of the firm: (a) Loan of Rs. 10,000 advanced by a partner to the firm was refunded. (b) X, a partner, takes over an unrecorded asset (Typewriter) at Rs. 300. (c) Undistributed balance (Debit) of Profit and Loss Account Rs. 30,000. The firm has three partners X, Y and Z. (d) Assets of the firm realised Rs. 1,25,000. (e) Y who undertakes to carry out the dissolution proceedings is paid Rs. 2,000 for the same. (f) Creditors are paid Rs. 28,000 in full settlement of their account of Rs. 30,000. July 25, 2022
Does the change in profit-sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (AI 2017 C) October 7, 2022
