State with reason whether ‘Old furniture written off would result into inflow / outflow or no flow of cash. Post category:Accountancy Reading time:1 mins read SOLUTION No flow. Old furniture written off does not involve cash. It is a non-cash item. 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 an example of the activity which remains financing activity for every enterprise. (C.B.S.E. 2020, Mumbai, Chennai) Next PostState with reason whether ‘Discount received on making payment to suppliers’ would result into inflow, outflow or no flow of cash. You Might Also Like Calculate Cash Flow from Operating Activities from the following information: INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS) for the year ended 31st March, 2019. August 18, 2022 X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share. At the time of admission of Z, Stock (Book Value Rs. 1,00,000) is to be reduced by 40% and Furniture (Book Value Rs. 60,000) is to be reduced to 40%. Pass the necessary Journal entries. August 1, 2022 A and B are partners in a firm sharing profits in the ratio of 2 : 1. They decided with effect from 1st April, 2018, that they would share profits in the ratio of 3 : 2. But, this decision was taken after the profit for the year ended 31st March, 2019 of Rs. 90,000 was distributed in the old ratio. The profits for the year ended 31st March, 2017 and 2018 were Rs. 60,000 and Rs. 75,000 respectively. It was decided that Goodwill Account will not be opened in the books of the firm and necessary adjustment be made through Capital Accounts which on 31st March, 2019 stood at Rs. 1,50,000 for A and Rs. 90,000 for B. Pass necessary Journal entries and prepare Capital Accounts. July 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Calculate Cash Flow from Operating Activities from the following information: INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS) for the year ended 31st March, 2019. August 18, 2022
X and Y are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share. At the time of admission of Z, Stock (Book Value Rs. 1,00,000) is to be reduced by 40% and Furniture (Book Value Rs. 60,000) is to be reduced to 40%. Pass the necessary Journal entries. August 1, 2022
A and B are partners in a firm sharing profits in the ratio of 2 : 1. They decided with effect from 1st April, 2018, that they would share profits in the ratio of 3 : 2. But, this decision was taken after the profit for the year ended 31st March, 2019 of Rs. 90,000 was distributed in the old ratio. The profits for the year ended 31st March, 2017 and 2018 were Rs. 60,000 and Rs. 75,000 respectively. It was decided that Goodwill Account will not be opened in the books of the firm and necessary adjustment be made through Capital Accounts which on 31st March, 2019 stood at Rs. 1,50,000 for A and Rs. 90,000 for B. Pass necessary Journal entries and prepare Capital Accounts. July 27, 2022