What is the number of major heads of the Equity and Liabilities side of a Company’s Balance Sheet? Post category:Accountancy Reading time:1 mins read SOLUTION Four. 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 the number of major heads of the Assets side of a Company’s Balance Sheet? Next PostHow are the assets and liabilities of a Company usually marshalled? You Might Also Like A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrender 1/5th of his share and B surrenders 2/5th of his share and B surrenders 2/5th of his share in favour of C. For the purpose of C’s admission, goodwill of the firm is valued at Rs. 75,000 and C brings in his share of goodwill in cash which is retained in the firm’s books. Journalise the above transactions. August 1, 2022 Under which type of activity will you classify ‘Proceeds from sale of patents’ while preparing Cash Flow Statement? October 4, 2022 How will you show the following items in the Balance Sheet of a Company; (i) Calls in Arrears; (ii) Calls in Advance. September 30, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. A new partner C is admitted. A surrender 1/5th of his share and B surrenders 2/5th of his share and B surrenders 2/5th of his share in favour of C. For the purpose of C’s admission, goodwill of the firm is valued at Rs. 75,000 and C brings in his share of goodwill in cash which is retained in the firm’s books. Journalise the above transactions. August 1, 2022
Under which type of activity will you classify ‘Proceeds from sale of patents’ while preparing Cash Flow Statement? October 4, 2022
How will you show the following items in the Balance Sheet of a Company; (i) Calls in Arrears; (ii) Calls in Advance. September 30, 2022
