How will you classify loans given by Tata Finance Company? Post category:Accountancy Reading time:1 mins read SOLUTION It will be classified as operating 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 Post“Loans and advances granted’ by a company will be considered, as which type of activity while preparing Cash Flow Statement. (C.B.S.E. 2018, Comptt.) Next PostHow will you classify deposits by customers in Axis Bank? You Might Also Like Amit and Vijay started a partnership business on 1st April, 2018. Their capital contributions were Rs. 2,00,000 and Rs. 1,50,000 respectively. The Partnership Deed provided as follows: (a) Interest on capital be allowed @ 10% p.a. (b) Amit to get a salary of Rs. 2,000 per month and Vijay Rs. 3,000 per month. (c) Profits are to be shared in the ratio of 3: 2. Net profit for the year ended 31st March, 2019 was Rs. 2,16,000. Interest on drawings amounted to Rs. 2,200 for Amit and Rs. 2,500 for Vijay. Prepare Profit and Loss Appropriation Account. July 21, 2022 Panasonic Ltd. was formed on 1st April, 2010 with an authorised capital of Rs. 2,00,000, divided into 2,000 Equity Shares of Rs. 100 each. 1,000 shares were issued as fully paid to the vendors of building for payment of the purchase consideration. The remaining 1,000 shares were offered or public subscription at a premium of Rs. 5 per share payable as: July 15, 2022 What is meant by ‘Redeemable Debenture’? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Amit and Vijay started a partnership business on 1st April, 2018. Their capital contributions were Rs. 2,00,000 and Rs. 1,50,000 respectively. The Partnership Deed provided as follows: (a) Interest on capital be allowed @ 10% p.a. (b) Amit to get a salary of Rs. 2,000 per month and Vijay Rs. 3,000 per month. (c) Profits are to be shared in the ratio of 3: 2. Net profit for the year ended 31st March, 2019 was Rs. 2,16,000. Interest on drawings amounted to Rs. 2,200 for Amit and Rs. 2,500 for Vijay. Prepare Profit and Loss Appropriation Account. July 21, 2022
Panasonic Ltd. was formed on 1st April, 2010 with an authorised capital of Rs. 2,00,000, divided into 2,000 Equity Shares of Rs. 100 each. 1,000 shares were issued as fully paid to the vendors of building for payment of the purchase consideration. The remaining 1,000 shares were offered or public subscription at a premium of Rs. 5 per share payable as: July 15, 2022
