Question
A firm raises 1000000 by issuing common equity, which
of the following financial statements will reflect the transactions?Solution
The 100000-capital raised will appear in cash flow statements as a cash flow from financing activity. It will also appear as a contributed capital in owners’ equity. Both assets (cash) and equity (liabilities side of the balance sheet) increase in the balance sheet. The income statement is unaffected by these transactions.
The principle of superposition of waves states that:
For the first time in India, medical benefit as a non-cash benefit was provided under
Recording of transaction in a Journal is calledÂ
In the following number-pairs, the second number is obtained by applying certain mathematical operations to the first number. Which numbers should repla...
Ratio of the lengths of two trains ‘X’ and ‘Y’ is 4:5 respectively and the ratio of time taken by them to cross a pole is 2:3 respectively. If s...
Which of the following is worshipped by people during the festival of Pongal?
The President of India can promulgate ordinances when the Parliament is not in session under which article?
Three statements are followed by three conclusions numbered I, II and III. You have to consider these statements to be true, even if they seem at varian...
Consider the following statements:
1.India’s first Swachh Sujal Pradesh - Andaman and NicobarÂ
2.All villages on the Andaman and Nicoba...
A car travels 560 km using 40 litres of petrol. How far can it travel using 35 litres of petrol?
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