Accountancy, asked by madanlal348mlkp4jqe5, 1 year ago

how to calculate interest on debentures in cash flow statements

Answers

Answered by samuelpaul

Hello! dear,

Your answer goes like this ...

The interest on debentures in cash flow statements are always based on the "Previous Year".

Hope It helps.

samuelpaul: “When the partner dies the amount payable to him/her is paid to his/her legal representatives. The representatives are entitled to the followings: (a) The amount standing to the credit to the capital account of the deceased partner

samuelpaul: (b) Interest on capital, if provided in the partnership deed upto the date of death (c) Share of goodwill of the firm; (d) Share of undistributed profit or reserves (e) Share of profit on the revaluation of assets and liabilities (f) Share of profit upto the date of death; (g) Share of Joint Life Policy.”

samuelpaul: “The following amounts are debited to the account of the deceased partner’s legal representatives: (i) Drawings (ii) Interest on drawings (iii) Share of loss on the revaluation of assets and liabilities (iv) Share of loss that has occurred till the date of his/her death.”

samuelpaul: “The above adjustments are made in the capital account of the deceased partner and then the balance in the capital account is transferred to an account opened in the name of his/her executor.”

samuelpaul: “The payment of the amount of the deceased partner depends on the agreement. In the absence of an agreement, the legal representative of a deceased partner is entitled to interest @ 6% p.a. on the amount due from the date of death till the date of final payment.

samuelpaul: This is what the right information you want right brother?

madanlal348mlkp4jqe5: can u make an exectors account

samuelpaul: An executor account is an account which allows the executor(s) to gather payments due to the deceased's estate before being distributed to the beneficiaries, such as the proceeds from the sale of a house.This is simple brother

madanlal348mlkp4jqe5: thnx

samuelpaul: So,Will u mark me as a brainliest brother?

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