Where will you show purchase of Goodwill in a Cash Flow Statement? Post category:Accountancy Reading time:1 mins read SOLUTION It will be shown as outflow under ‘Cash flows from investing activities’. 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 PostHow will you treat Bank Overdraft in a Cash Flow Statement? (C.B.S.E. 2015) Next PostPayment and receipt of interest and dividend is classified as which type of activity while preparing Cash Flow Statement. (C.B.S.E. 2019) You Might Also Like In the absence of partnership deed, at which rate interest is allowed on a partner’s loan? September 23, 2022 The partners of a firm, Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2017, Rs. 80,000 in the ratio of 3 : 3 : 2 without providing for the following adjustments: (a) Alia and Chand were entitled to a salary of Rs. 1,500 each p.a. (b) Bhanu was entitled for a commission of Rs. 4,000. (c) Bhanu and Chand had guaranteed a minimum profit of Rs. 35,000 p.a. to Alia any deficiency to borne equally by Bhanu and Chand. Pass the necessary Journal entry for the above adjustments in the books of the firm. Show workings clearly. July 22, 2022 What is meant by “Unlimited Liability of a Partner”? September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
In the absence of partnership deed, at which rate interest is allowed on a partner’s loan? September 23, 2022
The partners of a firm, Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2017, Rs. 80,000 in the ratio of 3 : 3 : 2 without providing for the following adjustments: (a) Alia and Chand were entitled to a salary of Rs. 1,500 each p.a. (b) Bhanu was entitled for a commission of Rs. 4,000. (c) Bhanu and Chand had guaranteed a minimum profit of Rs. 35,000 p.a. to Alia any deficiency to borne equally by Bhanu and Chand. Pass the necessary Journal entry for the above adjustments in the books of the firm. Show workings clearly. July 22, 2022