How will you treat payment of tax and payment of dividend in a Cash How statement? Post category:Accountancy Reading time:1 mins read SOLUTION Payment of tax will be deducted under ‘Cash flows from operating activities’ and payment of dividend will be shown as outflow under ‘Cash flows from financing activities’. 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 PostHow will you deal increase in the balance of ‘Securities Premium’ while preparing a Cash Flow Statement? Next PostUnder which type of activity will you classify ‘Refund of Income Tax received’ while preparing the Cash Flow Statement? You Might Also Like On 31st March, 2014, the Balance Sheet of Pooja, Qureshi and Ross, who were partners in a firm was as under: August 5, 2022 Anna and Bobby were partners sharing profits and losses in the ratio of 5: 3. On 1st April, 2014, their Capital Accounts showed balances of Rs. 3,00,000 and Rs. 2,00,000 respectively. Calculate the amount of profit to be distributed between the partners if the Partnership Deed provided for Interest on Capital @10% p.a. and the firm earned a profit of Rs. 45,000 for the year ended 31st March, 2015. (C.B.S.E. 2016, Comptt. Outside Delhi) September 26, 2022 E and F were partners in a firm sharing profits in the ratio of 3 : 1. They admitted G as a new partner on 1st April, 2019 for 1/3rd share. It was decided that E, F and G will share future profits equally. G brought Rs. 50,000 in cash and machinery valued at Rs. 70,000 as premium for goodwill. Pass necessary Journal entries in the books of the firm. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On 31st March, 2014, the Balance Sheet of Pooja, Qureshi and Ross, who were partners in a firm was as under: August 5, 2022
Anna and Bobby were partners sharing profits and losses in the ratio of 5: 3. On 1st April, 2014, their Capital Accounts showed balances of Rs. 3,00,000 and Rs. 2,00,000 respectively. Calculate the amount of profit to be distributed between the partners if the Partnership Deed provided for Interest on Capital @10% p.a. and the firm earned a profit of Rs. 45,000 for the year ended 31st March, 2015. (C.B.S.E. 2016, Comptt. Outside Delhi) September 26, 2022
E and F were partners in a firm sharing profits in the ratio of 3 : 1. They admitted G as a new partner on 1st April, 2019 for 1/3rd share. It was decided that E, F and G will share future profits equally. G brought Rs. 50,000 in cash and machinery valued at Rs. 70,000 as premium for goodwill. Pass necessary Journal entries in the books of the firm. August 1, 2022