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
12th Accountancy
Cash Flow Statement
How to Prepare Cash Flow Statement?
Preparing Cash Flow Statement involves three stages, Calculating cash from operating …
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…
Cash Flow Statement
Types of Activities in Cash Flow Statement
Classify the following activities into operating activities, investing activities, financing activities, cash activities.
Ratio Analysis
Solvency Ratios
Solvency ratios are calculated to determine the ability of the business to meet its …
Comparative Financial Statements
Comparative Financial Statements
Comparative financial statements show the absolute figures of two years …
Analysis of Financial Statements
Company’s Statement of Profit and Loss
A format for Statement of Profit and Loss is prescribed for the first time…
Accounting for Debentures
Debentures Issued as Collateral Security
It means the issue of Debentures by a company as an additional security…
Death of Partner
Adjustments on Death of Partner
The accounting adjustments required at the time of death of a partner are same…