Name any two Companies are exempted from creating Redemption Reserve’ by the SEBI. Post category:Accountancy Reading time:1 mins read SOLUTION (i) Debentures issued by All India Financial Institutions registered with RBI; and (ii) Banking Companies. 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 redemption of debentures out of Profits? Next PostWhat is meant by redemption of debentures by lump sum payment? You Might Also Like A and B are partners in a firm. The net profit of the firm is divided as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They admit C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm was: August 1, 2022 Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3: 2: 1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were Rs. 6,0,0000. The rate of profit during the past four years had been 10% on sales. The firm close sits books on 31st March every year. (C.B.S.E. 2019, Rajasthan) September 27, 2022 List any two circumstances under which the fixed capital of partners may change. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a firm. The net profit of the firm is divided as follows: 1/2 to A, 1/3 to B and 1/6 carried to a Reserve. They admit C as a partner on 1st April, 2019 on which date, the Balance Sheet of the firm was: August 1, 2022
Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3: 2: 1. Navita died on 30th June, 2017. Her share of profit for the intervening period was based on the sales during that period, which were Rs. 6,0,0000. The rate of profit during the past four years had been 10% on sales. The firm close sits books on 31st March every year. (C.B.S.E. 2019, Rajasthan) September 27, 2022