Give two circumstances under which a partnership is dissolved. Post category:Accountancy Reading time:1 mins read SOLUTION (i) When there is a change in profit-sharing ratio of an existing partner. (ii) On admission / retirement or death of a partner 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 dissolution of partnership? Next PostOn dissolution of a firm, out of the proceeds received from the sale of assets Who will be paid first of all. You Might Also Like State whether the following will increase, decrease or have no effect cash flow from operating activities while preparing ‘Cash Flow Statement’: (i) Decrease in outstanding employees benefits expenses by Rs. 3,000; (ii) Increase in prepaid insurance by Rs. 2,000. (C.B.S.E. 2017) October 6, 2022 A company earns Gross Profit of 25% on cost. For the year ended 31st March, 2017 its Gross Profit was Rs. 5,00,000; Equity Share Capital of the company was Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000 and Non-current Assets were Rs. 10,00,000. Compute the ‘Working Capital Turnover Ratio’ of the company. August 16, 2022 What will be the impact of ‘Cash collected from trade receivables’ on a Current ratio of 2: 1? State with reason. October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State whether the following will increase, decrease or have no effect cash flow from operating activities while preparing ‘Cash Flow Statement’: (i) Decrease in outstanding employees benefits expenses by Rs. 3,000; (ii) Increase in prepaid insurance by Rs. 2,000. (C.B.S.E. 2017) October 6, 2022
A company earns Gross Profit of 25% on cost. For the year ended 31st March, 2017 its Gross Profit was Rs. 5,00,000; Equity Share Capital of the company was Rs. 10,00,000; Reserves and Surplus Rs. 2,00,000; Long-term Loan Rs. 3,00,000 and Non-current Assets were Rs. 10,00,000. Compute the ‘Working Capital Turnover Ratio’ of the company. August 16, 2022
What will be the impact of ‘Cash collected from trade receivables’ on a Current ratio of 2: 1? State with reason. October 3, 2022