When does a Cash Flow arise? (C.B.S.E. 2013, 2015) Post category:Accountancy Reading time:1 mins read SOLUTION A Cash Flow- arises when the net result of a transaction is either increase or decrease in Cash or 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 PostWhat is meant by the term ‘Cash Flows’? (C.B.S.E. 2020, Kerala) Next PostGive the meaning of ‘Cash’ for the purpose of preparing Cash Flow Statement. (C.B.S.E. 2019) You Might Also Like X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share future profits and losses in the ratio of 2 : 3 : 5 with effect from 1st April, 2019. They also decide to record the effect of the following accumulated profits, losses and reserves without affecting their book values by passing a single entry . July 27, 2022 X and Y are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 was as follows: August 1, 2022 At the time of admission of a partner C, assets and liabilities of A and B were revalued as follows: (a) A Provision for Doubtful Debts @ 10% was made on Sundry Debtors (Sundry Debtors Rs. 50,000). (b) Creditors were written back by Rs. 5,000. (c) Building was appreciated by 20% (Book Value of Building Rs. 2,00,000). (d) Unrecorded Investments were valued at Rs. 15,000. (e) A Provision of Rs. 2,000 was made for an Outstanding Bill for repairs. (f) Unrecorded Liability towards suppliers was Rs. 3,000. Pass necessary Journal entries. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X, Y and Z are sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share future profits and losses in the ratio of 2 : 3 : 5 with effect from 1st April, 2019. They also decide to record the effect of the following accumulated profits, losses and reserves without affecting their book values by passing a single entry . July 27, 2022
X and Y are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 was as follows: August 1, 2022
At the time of admission of a partner C, assets and liabilities of A and B were revalued as follows: (a) A Provision for Doubtful Debts @ 10% was made on Sundry Debtors (Sundry Debtors Rs. 50,000). (b) Creditors were written back by Rs. 5,000. (c) Building was appreciated by 20% (Book Value of Building Rs. 2,00,000). (d) Unrecorded Investments were valued at Rs. 15,000. (e) A Provision of Rs. 2,000 was made for an Outstanding Bill for repairs. (f) Unrecorded Liability towards suppliers was Rs. 3,000. Pass necessary Journal entries. August 1, 2022