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Under CASH FLOWS from OPERATING ACTIVITIES.

this classification is done USING 3 golden rules of ACCOUNTING nominlal account RELATE to income EXPENSES losses or gains

Economic activity refers to a human activity RELATED to PRODUCTION and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to OTHERS without any REGARD to MONETARY gain.Mark as brainliest answer

Salary paid 500 will be deducted in asset SIDE from CASH and will be ADDED to the capital Salary Outstanding 1000 will be added in liability and will be deducted from capital

Indian Companies Act 1956 was an Act of the Parliament of India, ENACTED in 1956, which enabled companies to be formed by registration, sets out the responsibilities of companies, their directors and secretaries and also provides for the procedures for its winding.Enacted by: Parliament of IndiaBill: The Companies BILL, 2012Commenced: 12 SEPTEMBER 2013 (98 SECTIONS); 1 April 2014 (184 sections)✌✌✌

As per Indian PARTNERSHIP Act, 2013 u/s 13(c) PARTNERS can't be ENTITLED to interest on their capitals if there's no partnership deed or the deed is silent.So the answer is (4) Not entitled for any interest in their capital.

e!!INTEREST on partner's DRAWING under a fluctuating CAPITAL ACCOUNT is DEBITED to Partner's Capital Account. May it will help u✅✅✔✔

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tion:Partnership Agreement defines the ratio in which partners are supposed to share the PROFIT & loss of the business every year. If the agreement is silent on the profit SHARING ratio, in such CASE partners share profit and losses in equal ratio.

tion:ONE is Fixed capital METHOD and other is Fluctuating capital account method. In case of fixed capital method,current ACCOUNTS are opened to record for all other ADJUSTMENTS like SALARY,commission,interest on capital,loans and drawings etc. Partners capital account shows a fixed balance year after year.

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The accounting equation is a basic principle of accounting and a fundamental ELEMENT of the balance sheet. Assets = LIABILITIES + Equity. The equation is as follows: Assets = Liabilities + Shareholder's Equity. This equation sets the FOUNDATION of double-entry accounting and highlights the structure of the balance ...MARK me as a brainlist

stocks and BONDS are certificates that are SOLD to raise MONEY for starting a new COMPANY or for expanding an existing company. stocks and bonds are ALSO called securities and people who buy them are called investors

tion:Answer:Step 1:The project yields annually, i.e., the PROFIT before tax = Rs. 2,50,000Tax = 50%So, the amount of tax = 50% of 2,50,000 = 0.50 * 2,50,000 = Rs. 1,25,000∴ The profit after the tax = Rs. 2,50,000 – Rs. 1,25,000 = Rs. 1,25,000Step 2:The initial cost of the project = Rs. 20,00,000Depreciation = 10%So, the amount of depreciation = 10% of 20,00,000 = Rs. 2,00,000.We KNOW that the depreciation does not CAUSE the outflow of the cash, therefore, it is added back into the amount of profit after tax i.e.,The ANNUAL net cash inflow = Rs. 2,00,000 + Rs. 1,25,000 = Rs. 3,25,000Step 3:The formula for the Payback Period is given as,[The initial capital investment] / [The annual net cash inflow]Thus, The payback period is,= [Rs. 20,00,000] / [Rs. 3,25,000]= 6.15 years≈ 6.2 years

A cash account is a brokerage account in which a customer is required to pay the full amount for SECURITIES purchased, and buying on MARGIN is prohibited. ... In accounting, a cash account, or cash book, may refer to an account in which all cash transactions are recordedExplanation:ADD together your total bank account BALANCES, total money you have yet to deposit and total physical cash to CALCULATE your total cash on hand. Concluding the example, add $32,000, $2,000 and $6,250 for $40,250 in cash on hand

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it is the CONCEPT of accounting and economics generally,EVERY recorded event or TRANSLATION is measure in term of money

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New RATIO = 32:24:16:9Sacrificing Ratio = 4:3:2Explanation:Old ratio = 4:3:2Let, Total share of PROFIT = 1D's share of profit = 1/9Remaining share of profit = 1 - 1/9 = 8/9Calculation of New Ratio - A's new share = 8/9 × 4/9 = 32/81B's new share = 8/9 × 3/9 = 24/81C's new share = 8/9 × 2/9 = 16/81D's share(given) = 1/9 × 9/9 = 9/81Therefore, New ratio = 32:24:16:9Calculation of SACRIFICING ratio - A a/C = 4/9 - 32/81 = 4/81 (sacr) B a/c = 3/9 - 24/81 = 3/81 (sacr) C a/c = 2/9 - 16/81 = 2/81 (sacr) Therefore, Sacrificing ratio = 4:3:2

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tion:A single entry system of accounting is a form of bookkeeping in which each of a company's financial transactions are recorded as a single entry in a log. This process does not require formal TRAINING and is USUALLY used by new small businesses because of its simplicity and cost EFFECTIVENESS.

tion:Accounting is the process of recording financial transactions PERTAINING to a business. The accounting process includes summarizing, analyzing, and REPORTING these transactions to oversight agencies, regulators, and tax COLLECTION ENTITIES. The financial statements used in accounting are a CONCISE summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows.

accrual basis of ACCOUNTING definition. The accounting METHOD under which REVENUES are recognized on the income statement when they are EARNED (rather than when the CASH is received).

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Cash in hand A/C. DR. The justification for this is the FACT that cash in hand is increasing and the BALANCE in BANK is decreasing. If the cash was to be used for PERSONAL use, we would have brought drawings A/C into use.Explanation:Hope it helps you.please mark as Brainliest.⭐️⭐️⭐️

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