What is meant by unlimited liability of a partner ?

Is dissolution of firm and dissolution of partnership one and the same thing?

Give any one purpose for which the amount received as 'Securities Premium' may be utilised.

Why is the management interested in analysing financial statements ?

How the 'Earning capacity of a business' is assessed by "Financial Statement Analysis"?

What will be the operating profit ratio if operating ratio is 83.64%? 

Prem, Param and Priya were partners in a firm.  Their fixed capitals were Prem Rs.  2,00,000; Param Rs. 3,00,000 and Priya Rs. 5,00,000.  They were sharing profits in the ratio of their capitals.  The firm was engaged in the sale of ready-to-eat food packets at three different locations in the city, each being managed by Prem and Priya.  Prem requested Param and Priya for a higher share in the profits of the firm which Param and Priya accepted.  It was decided that the new profit sharing ratio will be 2 : 1 : 2 and its effect will be introduced respectively for the last four years.  The profits of the last four years were Rs. 2,00,000; Rs. 3,50,000;  Rs. 4,75,000 and Rs. 5,25,000 respectively.  
Showing your calculations clearly, pass a necessary adjustment entry to the new agreement between Prem, Param and Priyam.

Why would an investor prefer to invest in the debentures of a company rather than in its shares?  

Name the account to which the amount of premium received on issue of debentures is to be credited.

Durian Furniture Mart Pvt Ltd is a manufacturer of furniture.They sold waste from wood used for manufacturing furniture for Rs 2,00,000. Is the sale of waste revenue from operations?

X Ltd has a net profit ratio at 15%. Its management is interested in maintaining this ratio at 20%. What are the two choices to do so?

Calculate Return on Investment (RoI) and debt to equity ratio from the following information.

Declaration of final dividend would result into inflow, outflow or no flow of cash.Give your answer with reason.

XYZ Finance Ltd, a company engaged in providing loans and investing into shares has received dividend on shares.The accountant has sought your advice on depicting it in the cash flow statement.Give your advice with reasons.

Under which type of activity will you classify 'issuing 9% debentures' while preparing cash flow statement.

Dividend paid by a manufacturing company is classified under which kind of activity while preparing cash flow statement?

L and M are partners sharing profits equally, L withdrew regularly Rs 8,000 in the beginning of every month for six months ended 30th September 2017. Calculate interest on drawings @5% per annum

The Balance Sheet of Keshav, Nirmal and pankaj who are partners in a firm sharing profits according to their capital as at 31st March, 2012 was as follows:

On that date Nirmal decided to retire from the firm and was paid for his share in the firm subject to the following:
(i) Buildings to be appreciated by 20%.
(ii) Provision for Bad Debts to be increased to 15% on Debtors.
(iii) Machinery to be depreciated by 20 %.
(iv) Goodwill of the firm is valued at Rs.1,44,000 and the retiring partner's share is adjusted through the capital accounts of  remaining partners.
(v) The capital of the new firm be fixed at 2,40,000.
Prepare Revaluation Account, Capital Accounts of the partners, Bank Account and the Balance Sheet after Nirmal's retirement.

Calculate the current assets when current liabilities are Rs.1,00,000 and working capital is Rs.50,000

From the following, ascertain the debt to equity ratio, Equity share capital Rs.2,00,000, reserves and surplus Rs.1,60,000, 10%debentures Rs.1,50,000, current liabilities Rs.1,00,000.

Following particulars are extracted from notes to accounts to the Balance Sheets of Varun Ltd. as on 31.03.2013 and 31.03.2014.  Prepare a Cash Flow Statement.

Additional Information :
(i) During the year 2013-2014, Rs. 15,000 depreciation was charged on fixed tangible assets.
(ii) Company has paid Rs. 12,000 interim dividend during the year.

Give one difference between an investing activity and financing activity.

The current ratio of a company is 21:1.2. State with reasons which of the following transactions will increase, decrease or not change the ratio.
(i) Redeemed 9% debentures of  Rs.1,00,000 at a premium of 10%.
(ii) Received from debtors Rs.17,000.
(iii)Issued Rs.2,00,000 equity shares to the vendors of machinery.
(iv) Accepted bills of exchange drawn by the creditors Rs.7,000.

From the following information related to Naveen Ltd. calculate
(i) Return on investment
(ii) Total assets to debt ratio
Information
Fixed assets Rs.75,00,000, current assets Rs.40,00,000, current liabilities Rs.27,00,000,12% debentures Rs.80,00,000 and net profit before interest, tax and dividend Rs.14,50,000.