How will you treat Bank Overdraft and Cash Credit in the Balance Sheet of a Company? Post category:Accountancy Reading time:1 mins read SOLUTION These will be treated as ‘Short-term borrowings’. 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 PostUnder what heads the following Items on the Equity and Liabilities side of the Balance Sheet of a Company will be presented: (i) Proposed Dividend; (ii) Unclaimed Dividend. Next PostHow share application money pending allotment will be shown in a Company’s Balance Sheet? You Might Also Like Calculate Total Assets to Debt Ratio from the following information: August 12, 2022 Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating: July 21, 2022 Total creditor amount to Rs. 5,00,000. Investments valued Rs. 2,00,000 were not shown in the hooks. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. Remaining creditors were paid at 5% discount. Pass entry for payment. September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Show how the following will be recorded in the Capital Accounts of the Partners Sohan and Mohan when their capitals are fluctuating: July 21, 2022
Total creditor amount to Rs. 5,00,000. Investments valued Rs. 2,00,000 were not shown in the hooks. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. Remaining creditors were paid at 5% discount. Pass entry for payment. September 27, 2022