What is meant by ‘Profitability of Business’? Post category:Accountancy Reading time:1 mins read SOLUTION ‘Profitability of Business’ refers to the earning capacity of the business. 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 Working Capital? Next PostWhat is meant by Profitability Ratios? You Might Also Like State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022 If a fixed amount withdrawn on 15th day of every month, for what period the interest on total Drawings will be calculated? September 23, 2022 At the time of admission of a partner C, assets and liabilities of A and B were revalued as follows: (a) A Provision for Doubtful Debts @ 10% was made on Sundry Debtors (Sundry Debtors Rs. 50,000). (b) Creditors were written back by Rs. 5,000. (c) Building was appreciated by 20% (Book Value of Building Rs. 2,00,000). (d) Unrecorded Investments were valued at Rs. 15,000. (e) A Provision of Rs. 2,000 was made for an Outstanding Bill for repairs. (f) Unrecorded Liability towards suppliers was Rs. 3,000. Pass necessary Journal entries. August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022
If a fixed amount withdrawn on 15th day of every month, for what period the interest on total Drawings will be calculated? September 23, 2022
At the time of admission of a partner C, assets and liabilities of A and B were revalued as follows: (a) A Provision for Doubtful Debts @ 10% was made on Sundry Debtors (Sundry Debtors Rs. 50,000). (b) Creditors were written back by Rs. 5,000. (c) Building was appreciated by 20% (Book Value of Building Rs. 2,00,000). (d) Unrecorded Investments were valued at Rs. 15,000. (e) A Provision of Rs. 2,000 was made for an Outstanding Bill for repairs. (f) Unrecorded Liability towards suppliers was Rs. 3,000. Pass necessary Journal entries. August 1, 2022