Interest on capital is calculate on which capital

In single entry system, is not possible to prepare ________

On which reason(s) for revaluation of assets and liabilities are __________

__________ can be computed by direct method or product method.

_______is the proportion of the profit which is gained by the continuing partners

At the time of admission of a new partner, ________ profit ratio should be find out.

Amount invested by partners in the partnership business is called __________

When A and B sharing profits and losses in the ratio of 3:2, they admit C as a partner giving him 1/3 share of profits. This will 'be given by A and B.

Single entry system keeps one cash book which mixes up business as well as ____ transactions.

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

___________ method, goodwill is calculated by multiplying the average profits by a certain number of years of purchase.

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

In non - profit organization, the sale of old newspapers is generally considered as an __________

Match List I with List II and select the correct answer using the codes given below:

A, B and C are partners sharing profits in the ratio of 2:2:1. On retirement of B, goodwill of the firm was valued as Rs. 30,000. Find the contribution of A and C to compensate B:

Which one of the following is not correctly matched?

Book profit of 2017 is Rs. 35,000; non-recurring income included in the profit is Rs. 1,000 and abnormal loss charged in the year 2017 was Rs. 2,000, then the adjusted profit is __________

Which of the following is the incorrect pair?

Subscription due but not received for the current year is

Which one of the following statements is not true in relation to incomplete records?