State any two advantages of preparing Cash Flow Statement. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Useful in preparing the Cash Budget.(ii) It explains deviations of Cash form earnings. 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 PostGive any two objectives of Cash Flow Statements. (C.B.S.E. Sample Paper, 2019) Next PostGive one limitation of Cash How Statement. You Might Also Like In what way would you deal with rent paid to a partner for the use of his premises by the firm in which he is a partner and why? September 26, 2022 X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership. X gives 1/3rd of his share while Y gives 1/10th from his share to Z. Calculate new profit-sharing ratio and sacrificing ratio. July 29, 2022 A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of Rs. 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if: (a) C’s share of profit is guaranteed to be Rs. 6,000 Minimum. (b) Minimum profit payable to C amounting to Rs. 6,000 is guaranteed by A. (c) Guaranteed minimum profit of Rs. 6,000 payables to C is guaranteed by B. (d) Any deficiency after making payment of guaranteed Rs. 6,000 will be borne by A and B in the ratio of 3 : 1. July 22, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In what way would you deal with rent paid to a partner for the use of his premises by the firm in which he is a partner and why? September 26, 2022
X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership. X gives 1/3rd of his share while Y gives 1/10th from his share to Z. Calculate new profit-sharing ratio and sacrificing ratio. July 29, 2022
A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They earned a profit of Rs. 30,000 during the year ended 31st March, 2019. Distribute profit among A, B and C if: (a) C’s share of profit is guaranteed to be Rs. 6,000 Minimum. (b) Minimum profit payable to C amounting to Rs. 6,000 is guaranteed by A. (c) Guaranteed minimum profit of Rs. 6,000 payables to C is guaranteed by B. (d) Any deficiency after making payment of guaranteed Rs. 6,000 will be borne by A and B in the ratio of 3 : 1. July 22, 2022