What is the financial year in case of a Company? Post category:Accountancy Reading time:1 mins read SOLUTION From 1st April to 31st March. 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 PostName any two financial statements of a Company. Next PostWhat is the number of major heads of the Assets side of a Company’s Balance Sheet? You Might Also Like Abha and Beena were partners sharing profits and losses in the ratio of 3: 2. On April 1st 2013 they decided to admit Chanda for 1 / 5th share in the profits. They had a reserve of Rs. 25.000 which they wanted to show in their new balance sheet. Chanda agreed and the necessary adjustments were made in the books. On October 1st 2013, Abha met with an accident and died. Beena and Chanda decided to admit Abha’s daughter Fiza in their partnership, who agreed to bring Rs. 2,00,000 as capital. Calculate Abha’s share in the reserve on the date of her death. (C.B.S.E. Sample Paper, 2015) September 27, 2022 What will be impact of ‘purchase of a fixed asset on a credit of 3 months’ on a debt equity ratio of 1: 1? October 3, 2022 Pass necessary Journal entries for the issue of debentures in the following cases: (a) Rs. 40,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at par. (b) Rs. 70,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at Rs. 110. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Abha and Beena were partners sharing profits and losses in the ratio of 3: 2. On April 1st 2013 they decided to admit Chanda for 1 / 5th share in the profits. They had a reserve of Rs. 25.000 which they wanted to show in their new balance sheet. Chanda agreed and the necessary adjustments were made in the books. On October 1st 2013, Abha met with an accident and died. Beena and Chanda decided to admit Abha’s daughter Fiza in their partnership, who agreed to bring Rs. 2,00,000 as capital. Calculate Abha’s share in the reserve on the date of her death. (C.B.S.E. Sample Paper, 2015) September 27, 2022
What will be impact of ‘purchase of a fixed asset on a credit of 3 months’ on a debt equity ratio of 1: 1? October 3, 2022
Pass necessary Journal entries for the issue of debentures in the following cases: (a) Rs. 40,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at par. (b) Rs. 70,000; 12% Debentures of Rs. 100 each issued at a premium of 5% redeemable at Rs. 110. July 18, 2022
