Guarantee of Profits
Guarantee means the surety of a particular amount of profits to a partner by one or more partners…
Fundamentals of Partnership Accounting
Accountancy
Accountancy category includes posts relating to Accountancy of Class 11 and Class 12.
Recording of Transactions
Double Entry System of Book-Keeping
Double Entry system of Book-keeping requires record of both the aspects of a transaction into accounting books, one Dr. and the other Cr.
Cash Flow Statement
Cash Flow Statement
A cash flow statement is a statement prepared to show the changes in …
Cash Flow Statement
When Does Cash Flow Take Place?
When there is a transaction between one ‘cash’ item and the other ‘non-cash’ item.
Cash Flow Statement
How to Prepare Cash Flow Statement?
Preparing Cash Flow Statement involves three stages, Calculating cash from operating …
Cash Flow Statement
Steps in Cash flow Statement
The steps in preparing Cash Flow statement can be summed up as : (A) Cash flows …
Cash Flow Statement
Depreciation in Cash Flow Statement
Depreciation is treated at two places: (1) Added while calculating Cash from …
Cash Flow Statement
Proposed Dividend in Cash Flow Statement
Proposed Dividend is the dividend proposed by the board of directors but is …
Cash Flow Statement
Provision for Tax in Cash Flow Statement
If the provision for taxation account appears in the balance sheet and …
Cash Flow Statement
Special Points in Cash Flow Statement
1. Issue of bonus shares do not result in cash flow. 2. Debentures are assumed to be redeemed at the end of the accounting year…