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 How are the accumulated profits and losses distributed when there is change in profit sharing ratio amongst existing partners? September 26, 2022 Geeta, Sunita and Anita were partners in a firm sharing profits in the ratio of the 5: 3: 2. On 1-1-2015 they admitted Yogita as a new partner Account for 1 / 10th share in the profit was showing a debit balance of Rs. 20,000 which was credited by the accountant of the firm to the capital accounts of Geeta, Sunita and Anita in their profit-sharing ratio. Did the accountant give correct treatment? Give reason in support of your answer. September 27, 2022 Ram, Mohan and Sohan sharing profits and losses equally have capitals of Rs. 1,20,000, Rs. 90,000 and Rs. 60,000 respectively. For the year ended 31st March, 2019, interest was credited to them @ 6% instead of 5%. Give adjustment Journal entry. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
How are the accumulated profits and losses distributed when there is change in profit sharing ratio amongst existing partners? September 26, 2022
Geeta, Sunita and Anita were partners in a firm sharing profits in the ratio of the 5: 3: 2. On 1-1-2015 they admitted Yogita as a new partner Account for 1 / 10th share in the profit was showing a debit balance of Rs. 20,000 which was credited by the accountant of the firm to the capital accounts of Geeta, Sunita and Anita in their profit-sharing ratio. Did the accountant give correct treatment? Give reason in support of your answer. September 27, 2022
Ram, Mohan and Sohan sharing profits and losses equally have capitals of Rs. 1,20,000, Rs. 90,000 and Rs. 60,000 respectively. For the year ended 31st March, 2019, interest was credited to them @ 6% instead of 5%. Give adjustment Journal entry. July 21, 2022