State two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. Post category:Accountancy Reading time:1 mins read SOLUTION (i) On Time Basis (ii) On Sales Basis. 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 journal entry will be recorded for writing off the goodwill already existing in Balance Sheet at the time of retirement of a partner? Next PostWhy is Gaining Ratio calculated? You Might Also Like From the following Balance Sheet of Long and Short, calculate interest on capital @ 8% p.a. for the year ended 31st March, 2019. Balance sheet as at 31st March, 2019. July 21, 2022 State one transaction which results in a decrease in ‘Debt-Equity Ratio’ and no change in ‘Current Ratio’. October 3, 2022 Write two items of credit side of Current Accounts. September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
From the following Balance Sheet of Long and Short, calculate interest on capital @ 8% p.a. for the year ended 31st March, 2019. Balance sheet as at 31st March, 2019. July 21, 2022
State one transaction which results in a decrease in ‘Debt-Equity Ratio’ and no change in ‘Current Ratio’. October 3, 2022