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hey friends, is profit &loss appropriation replaced by statement of changes in equity???
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I guess statemnt of changes in equity is for limited companies....the distribution of profits that is dividends,transfers,premium,etc and profit and loss appropriation is in partnership where the partners distribute their profits after deducting salries and interest on capital and interest on dreawings!!!!Guess so!!!hey friends, is profit &loss appropriation replaced by statement of changes in equity???
I guess statemnt of changes in equity is for limited companies....the distribution of profits that is dividends,transfers,premium,etc and profit and loss appropriation is in partnership where the partners distribute their profits after deducting salries and interest on capital and interest on dreawings!!!!Guess so!!!
and is it the same as disolution of partnership!???is ity??????reply friends!!!
anyone der accounting student??????can somebody help me with accounting mcq's??past papers of paper 3...mcq's...plzzzzzzzzzzzzzzzzzz
Kkkk. Check ur inbox. I have sent some really good notes.does anyone have any valuable notes regarding commerce subjects. i really need them bad.
which questions exactly?!can somebody help me with accounting mcq's??past papers of paper 3...mcq's...plzzzzzzzzzzzzzzzzzz
at the NRV AND COST ONLY!!! and if there are repairs ...then u minus frm NRV to get the new NRV and then compareAccounting doubt:-
If the selling price,net realisable value and ther cost of inventory is given,,,so should the stock br recorded at the lowest value of all threee things,....or just the lowest of NEt realisable value and cost????plz help my freinds!!
no no u compare the closing stock only!!Accounting doubt:-
When do we use Fifo and avco method....i mean after using it then we compare the cost of the stock with the selling price....m i correct?
hey i just saw one a sum in which they had also given the new selling price...and they considered all the 3---selling price,cost and NRV...really,,,,,bt is it so!!in a levelsat the NRV AND COST ONLY!!! and if there are repairs ...then u minus frm NRV to get the new NRV and then compare
then when do we use fifo and lifo....for what purpose valuation right?no no u compare the closing stock only!!
the link?! show me the ques.!hey i just saw one a sum in which they had also given the new selling price...and they considered all the 3---selling price,cost and NRV...really,,,,,bt is it so!!in a levels
they are all stock valuation methods .... nothing else...!then when do we use fifo and lifo....for what purpose valuation right?
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