Class 12th Accountancy 2017 Set2 Delhi Board Paper Solution
'Payment and Receipt of interest and dividend' is classified as which type of activity while preparing cash flow statement?
Payment of Interest and Dividend : Financing Activity
Receipt of Interest and Dividend : Investing Activity
Payment of interest and dividend are shown as 'cash inflows' (being non-operating expenses)
Receipt of interest and dividend are shown as 'cash outflows' (being non-operating incomes)
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Give two circumstances under which the fixed capitals of partners may change.
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State the difference between dissolution of partnership and dissolution of partnership firm.