Name any two financial statements of a Company. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Statement of Profit & Loss and (ii) Balance Sheet. 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 the balance of Debenture Redemption Reserve transferred to General Reserve? Next PostWhat is the financial year in case of a Company? You Might Also Like Differentiate between ‘Issued Share Capital’ and ‘Subscribed Share Capital’. (C.B.S.E. 2016 Comptt. All India) September 28, 2022 Why are assets and liabilities revalued at the time of retirement of a partner? September 27, 2022 A and B are partners sharing profits in the ratio of 3: 2 with capitals of Rs. 50,000 and Rs. 30,000 respectively. Interest on capital is agreed @ 6% p.a. B is to be allowed an annual salary of Rs. 2,500. During the year profit prior to interest on capital but after charging B’s salary amounted to Rs. 12,500. A provision of 5% of the profits is to be made in respect of Manager’s Commission. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Differentiate between ‘Issued Share Capital’ and ‘Subscribed Share Capital’. (C.B.S.E. 2016 Comptt. All India) September 28, 2022
A and B are partners sharing profits in the ratio of 3: 2 with capitals of Rs. 50,000 and Rs. 30,000 respectively. Interest on capital is agreed @ 6% p.a. B is to be allowed an annual salary of Rs. 2,500. During the year profit prior to interest on capital but after charging B’s salary amounted to Rs. 12,500. A provision of 5% of the profits is to be made in respect of Manager’s Commission. July 21, 2022
