When is interest received considered as financing activity? Post category:Accountancy Reading time:1 mins read SOLUTION Interest received on Calls-in-arrear by a Company is considered as financing activity.. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostWhen is dividend received considered as operating activity? Next Post“Loans and advances granted’ by a company will be considered, as which type of activity while preparing Cash Flow Statement. (C.B.S.E. 2018, Comptt.) You Might Also Like A holds 100 shares of Rs. 10 each on which he has paid Rs. 1 per share on application.B holds 200 shares of Rs. 10 each on which he has paid Rs. 1 and Rs. 2 per share on application and allotment respectively. C holds 300 shares of Rs. 10 each and has paid Rs. 1 on application, Rs. 2 on allotment and Rs. 3 on first call. They all fail to pay their arrears and the second call of Rs. 2 per share. Shares are forfeited and subsequently reissued @ Rs. 11 per share as fully paid-up. journalise the above July 14, 2022 List any two items that need adjustments in books of accounts of a firm at the time of admission of a partner: – (i)Adjustment for Goodwill: (ii) Adjustment of Accumulated Profits, Reserves and Losses. A, B, C and D were partners in a firm sharing profits in the ratio of 4: 3: 2: 1. E brought Rs. 10,000 for his share of goodwill premium in cash which was correctly recorded in the books by the accountant. The accountant showed goodwill at Rs. 1,00,000 in the books. Was the accountant correct in doing so? Give reason in support of your answer. September 27, 2022 What is Working Capital? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.