If the amount due to the outgoing partner is transferred to loan account then he is entitled to interest at _________ until it is paid out.

Generally, depreciation on fixed assets is calculated on which balance?

Capital can be obtained by preparing ____________

A partner who is newly admitted to the firm with the consent of all the parties is called _________

Interest on calls in advance is ________________

When the number of shares subscribed is less than the number of shares offered, it is known as

___________ is a document in writing that contains the terms of the agreement among the partners.

The amount due to the________partner is either paid off immediately or is paid in instalments.

Under revaluation method goodwill account is raised by crediting the old partner's _________ accounts in the old profit sharing ratio.

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

On admission of a partner if goodwill account is to be raised this should be debited to __________

In _____ system, only personal and cash accounts are opened.

A firm has assets worth Rs. 47,500 and liabilities Rs. 17,700. Then its capital is _____________

Goodwill is paid for obtaining ____________

If the donation is received without any specific condition, then it is a __________

The profit or loss on revaluation of assets and liabilities is transferred to the capital account of 

Which of the following tools of financial statement analysis is suitable when data relating to several years are to be analysed?

Current liabilities Rs. 40,000; Current assets Rs. 1,00,000 ; Inventory Rs. 20,000. Quick ratio is

Legacy is a

When capital in the beginning is Rs. 10,000, drawings during the year is Rs. 6,000, profit made during the year is Rs. 2,000 and the additional capital introduced is 3,000, find out the amount of capital at the end