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Accounting For Partnership: Basic Concepts. TEST YOUR UNDERSTANDING – I. 1. Mohan And Shyam Are Partners In A Firm. State Whether The Claim Is Valid If The. Partnership Agreement Is Silent In The Following . Matters: (i) Mohan Is An Active Partner. He Wants A Salary Of Rs. 10,000 Per Year; Answer. Invalid 2th, 2024
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) Moreover A Cash Flow Statement Is Prepared To Know About The . Requirement. Of Cash In Future. Question 5. Explain The . Terms: Cash Equivalents, Cash Flows. Answer. A Cash Flow Statement Shows Inflows And Outflows Of Cash And Cash Equivalents From Various Act. Ivities Of An Enterprise During A Particular Period. As Per AS-3, Cash Equivalents ... 2th, 2024
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How Are The Various Activities Classified (as Per AS-3 Revised) While Preparing Cash Flow Statement? Answer : As Per The Revised Accounting Standard 3 (AS-3), Preparation Of Cash Flow Statement For Each Period Is Mandatory. AS-3 Also Specifies The Classification Of All Inflows And Outflows Basically Under The Following Heads: 1. 1th, 2024
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Describe "Indirect" Method Of Ascertaining Cash Flow From Operating Activities. In Indirect Method Cash Flow Statement Begins With Net Income Or Loss, And Thereafter The Additions Or Deductions From That Amount For Non-cash Expense And Revenue Items, Which Results In Cash Flow From Operating Activities. 1th, 2024
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