How are Calls-in-arrears shown in the Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION Amount of calls in arrear will be shown as a deduction from the subscribed but not fully paid capital on the equity and liabilities side of the Balance Sheet. 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 are calls in Arrears? Next PostWhat is meant by Calls-in-Advance? You Might Also Like Book Value of assets (other than cash and bank) transferred to Realisation Account is Rs. 1,00,000. 50% of the assets are taken over by a partner Atul, at a discount of 20%; 40% of the remaining assets are sold at a profit of 30% on cost; 5% of the balance being obsolete, realised nothing and remaining assets are handed over to a Creditor, in full settlement of his claim. You are required to record the Journal entries for realisation of assets. July 25, 2022 On the basis of following data, how much final payment will be made to a partner on firm’s dissolution? Debit balance of Capital Account Rs. 5,000; Share of his profit on realisation Rs. 28,000; Firm’s asset taken over by him for Rs. 6,000. September 27, 2022 Name the account which is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Book Value of assets (other than cash and bank) transferred to Realisation Account is Rs. 1,00,000. 50% of the assets are taken over by a partner Atul, at a discount of 20%; 40% of the remaining assets are sold at a profit of 30% on cost; 5% of the balance being obsolete, realised nothing and remaining assets are handed over to a Creditor, in full settlement of his claim. You are required to record the Journal entries for realisation of assets. July 25, 2022
On the basis of following data, how much final payment will be made to a partner on firm’s dissolution? Debit balance of Capital Account Rs. 5,000; Share of his profit on realisation Rs. 28,000; Firm’s asset taken over by him for Rs. 6,000. September 27, 2022
Name the account which is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account. September 27, 2022