How are Calls in Advance shown in the Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION Calls in Advance A/c is shown separately in the Balance Sheet under the main head ‘Current Liabilities’ and Sub-head ‘Other Current Liabilities’. 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 meant by Calls-in-Advance? Next PostAt what rate interest on Calls-in-Arrear can be charged by a Company according to Table F of Schedule I of the Companies Act, 2013? You Might Also Like X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z takes his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio. July 29, 2022 Distinguish between ‘Fixed Capital Account’ and fluctuating Capital Account’ on the basis of credit balance. September 26, 2022 X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at Rs. 80,000. Half of the investments to be taken by X and Y in their profit-sharing ratio at book value. Remaining investments were valued at Rs. 50,000. Pass the necessary Journal entries. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2. Z is admitted as partner with 1/4 share in profit. Z takes his share from X and Y in the ratio of 2 : 1. Calculate new profit-sharing ratio. July 29, 2022
Distinguish between ‘Fixed Capital Account’ and fluctuating Capital Account’ on the basis of credit balance. September 26, 2022
X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at Rs. 80,000. Half of the investments to be taken by X and Y in their profit-sharing ratio at book value. Remaining investments were valued at Rs. 50,000. Pass the necessary Journal entries. August 1, 2022