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Give two example each of Non-Current Assets and Non- Current Liabilities.

Asked by Samadhan 08/03/2018 Last Modified 23/05/2018

6 Answers

Learn Commerce +1 Class XI-XII Tuition (PUC)

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Related Questions

Where will you show purchase of computer in cash flow statement?

This is an outflow of cash, and computer is a fixed nature asset so it is shown as an outflow in investing activity

Vijaya

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P P Limited is Share Broker Company. G G Limited is engaged in manufacturing of packaged food. P P Limited purchased 5,000 equity shares of Rs. 100 each of Savita Limited. G G Limited also purchased 10,000 equity shares of Rs. 100 each of Savita Limited. For the purpose of preparing their respective Cash Flow Statements, under which category of activities the purchase of shares will be classified by P P Limited and G G Limited?

For GG limited it is an investment so it come in Investing Activity but as PP Ltd business is of selling shares so it will be part of Operating Activity :)

Balakrishna

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There is no agreement regarding sharing of profits (or) partnerships salary. Rose is a whole-time partner whereas Lilly does not attend business regularly. Rose claims Rs 3,000 salary a month and 60% of balance profits Rs 24,600 Lilly advanced Rs 10,000 as loan and now she claims 10% interest. State how you will settle the accounts.

No salary to any partner. Profits will be shared equally. Interest on loan will be paid at 6% p.a.

Shubham

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Explain the term "Training". Why is training needed in an organisation? Give any three reasons.

Training is requires knowledge that must be given to fresher and experienced person or employees in order to further increase their skill and efficiency so that they can work more skillful manner.

Hardik

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Is it possible for one hospital to have an income and expenditure account whereas another has a profit and loss account?

It depends on the type of organisation let me illustrate with an example hospitals that are runned by state government or any NGO or trust does not profit motive hence they will prepare Income and expenditure...

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