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Why are irredeemable debentures also known as perpetual debentures?

Asked by Rohit 17/01/2018 Last Modified 26/02/2018

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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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Six friends started a partnership business by investing Rs. 2,00,000 each. They decided to share profit equally. Name the terms by which they will be called individually and collectively.

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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 :)

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Under which accounting standard, cash flow statement is prepared?

Accounting standard 7

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Give two examples of â??Significant non cash transactionsâ??.

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Meaning of partnership term

Partnership is the legal relation between two or more persons who have agreed to share profits and losses of the business carried on by all or any of them acting for all.

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Why are irredeemable debentures also known as perpetual debentures?

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