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 Name any two sub-line items (sub-headings) under which “Current Liabilities” shall be classified in a Company’s Balance Sheet. September 30, 2022 Write two items of debit side of Current Accounts. September 23, 2022 Atul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2021 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000(Cr) and Mithun – 200000(Dr). It was agreed to allow and charge interest @ 8% per annum. Partnership deed provided to allow interest on capital @ 10% per annum interest on drawing was changed 75000 each. Profit before giving effect to above was Rs. 2,28,000 for year ended 31st March 2022. Prepare profit and loss appropriation account. July 20, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Name any two sub-line items (sub-headings) under which “Current Liabilities” shall be classified in a Company’s Balance Sheet. September 30, 2022
Atul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2021 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000(Cr) and Mithun – 200000(Dr). It was agreed to allow and charge interest @ 8% per annum. Partnership deed provided to allow interest on capital @ 10% per annum interest on drawing was changed 75000 each. Profit before giving effect to above was Rs. 2,28,000 for year ended 31st March 2022. Prepare profit and loss appropriation account. July 20, 2022
