Provision for Depreciation Rs. 65,000; Provision for Doubtful Debts Rs. 30,000; and Provident Fund Rs. 1,50,000 has been transferred to the Credit side of Realisation Account. For which item payment is to be made by the firm? Post category:Accountancy Reading time:1 mins read SOLUTION Provident Fund. 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 PostC’s Capital Account has a credit balance of Rs. 2,00,000; Cs Loan Account is showing a debit balance of Rs. 40,000. Bank Balance is Rs. 3,00,000. Show the treatment of C’s Loan A/c. Next PostSundry’ Creditors Rs. 2,50,000 and Bills Payable Rs. 35,000 have been transferred to the Credit side of Realisation Account. Sundry Creditors were paid at a discount of 10%. What would be the further treatment if nothing else is mentioned? You Might Also Like Nimrat, Maira and Kabir are partners sharing profits in the ratio of 2: 2: 1. Nimrat is guaranteed minimum profit of Rs. 1,60,000 per annum. Net Profit for the year ended 31st March, 2022 is Rs. 1,00,000. Prepare Profit & Loss Appropriation Account for the year. October 18, 2022 From the following information, calculate Opening and Closing Trade Receivables, if Trade Receivables Turnover Ratio is 3 Times: (i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations. (ii) Cost of Revenue from Operations is Rs. 3,00,000. (iii) Gross Profit is 25% of the Revenue from Operations. (iv) Trade Receivables at the end are 3 Times more than that of in the beginning. August 16, 2022 What is meant by ‘Bearer Debenture’? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Nimrat, Maira and Kabir are partners sharing profits in the ratio of 2: 2: 1. Nimrat is guaranteed minimum profit of Rs. 1,60,000 per annum. Net Profit for the year ended 31st March, 2022 is Rs. 1,00,000. Prepare Profit & Loss Appropriation Account for the year. October 18, 2022
From the following information, calculate Opening and Closing Trade Receivables, if Trade Receivables Turnover Ratio is 3 Times: (i) Cash Revenue from Operations is 1/3rd of Credit Revenue from Operations. (ii) Cost of Revenue from Operations is Rs. 3,00,000. (iii) Gross Profit is 25% of the Revenue from Operations. (iv) Trade Receivables at the end are 3 Times more than that of in the beginning. August 16, 2022