Sacrificing ratio is the ratio in which the old partners (existing) have agreed to sacrifice their share of profit in favour of_______.

The proportion in which the continuing partners benefit due to retirement of partner ______________

Debtors on 31.12.2014 is Rs. 2,00,000. Cash received from debtors during the year is Rs. 3,00,000. Then the credit sales during the year is __________

Revaluation account is operated to find out gain or loss at the time of ____________

In single entry two-fold aspects of transaction are not recorded, so it is ____________

Single entry system has effect _________

Persons who have entered into partnership with one another are individually called ___________

At the time of admission of a new partner, revaluation of ______ and _______should be taken up.

Minimum number of members in case of public company is ________________

A company forfeited 2,000 shares of Rs.10 each (which were issued at par) held by Mr.John for non-payment of allotment money of Rs.4 per share. The called – up value per share was Rs.9. On forfeiture, the amount debited to share capital will be

If selling price is fixed 25% above the cost, the Gross Profit ratio is ____________

Absolute liquid asset mean ________________

Liquid ratio is otherwise known as __________

_____ is an overall measure of profitability of a business concern.

______ gives the proportion of current assets to current liabilities of a business concern.

Match List I with List II and Select the Correct Answer using the Codes given below.

Which ratio is the proportion of fixed income bearing funds to equity shareholders funds?

Tally has __________ predefined ledgers.

____________ is a compilation of accounting information that are derived from the accounting records of a business concern.

Transactions are to be recorded through ________

_____ shares have to be reissued at a price lesser than the face value.

_____ is returned to the applicants for rejected applications.

________ is required in analysing the financial statements.

Comparative statement and trend percentages are examples of ____________

_____ is an artificial person.

The last installment called __________

The money raised by issuing shares is called

Indian partnership Act was enacted in the year ___________

__________ method, only capital account is maintained for each partner

Decrease in provision for bad and doubtful debts will be shown in the _________ side of Revaluation Account

In a partnership business, agreement is ___________

_____account which is otherwise called profit and loss adjustment account

Revaluation account is a___________account

The profit or loss arising from the partnership business is shared by the partners in the ___________

When the value of an asset increases, it results in

The section related to the retirement of partner in Indian partnership Act is _____________

If it is desired to calculate profit by preparing trading and profit and loss account under single entry then it is called ______ method.

Incomplete records are those records which are not kept under ____ system

Debtors on 1.4.2018 was Rs. 1,00,000 and on 31.3.2019 was Rs. 80,000 cash received from debtors during the year is Rs. 1,60,000. Then the credit sales during the year is ___________

_______refers to series of uniform cash flows at regular intervals.

________  is the good name or reputation of the business which brings benefit to the business

Goodwill is paid for obtaining ____________

The monetary value of such advantage is termed as ____________

Profits and losses of previous years which are not distributed to the partners are known as ___________

Expenditures greater than incomes of a nonprofit organization give rise to a ___________

Rs. 10,000 received as to annual membership subscription. Out of this Rs. 2,000 is pertaining to the previous accounting period whereas Rs. 1000 is receivable at the end of the current accounting period. Calculate the amount of subscription that will be shown in the income and expenditure account for this accounting.