In case Operating Cycle cannot be determined, what is the time period of operating cycle assumed? Post category:Accountancy Reading time:1 mins read SOLUTION If Operating Cycle cannot be determined, it is assumed to be a period of 12 months. 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 ‘Operating Cycle’? Next PostIf Operating Cycle is 12 months and payment is received in 15 months, how will you classify the asset? You Might Also Like What is meant by Issue of Debentures as Collateral Security? (C.B.S.E. 2018, 2020). September 29, 2022 Why salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? September 26, 2022 Kitply Ltd. issued 72,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. Has a balance of 5,00,000 in Securities Premium Reserve. The company decided to write off discount on issue of debentures from Securities Premium Reserve in the first year. Pass the journal entry. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What is meant by Issue of Debentures as Collateral Security? (C.B.S.E. 2018, 2020). September 29, 2022
Why salary and commission paid to partners are recorded in Profit & Loss Appropriation Account instead of Profit & Loss Account? September 26, 2022
Kitply Ltd. issued 72,00,000, 10% Debentures at a discount of 5%. The terms of issue provide the repayment at the end of 4 years. Kitply Ltd. Has a balance of 5,00,000 in Securities Premium Reserve. The company decided to write off discount on issue of debentures from Securities Premium Reserve in the first year. Pass the journal entry. July 18, 2022