When a partner withdraws his capital from the partnership firm, it is called _______of a partner

The accounting procedure at the retirement of a partner involves _____________

If debtors balance was Rs. 2.000 at 1^st Jan.2017, credit sales made during the year were Rs.1,000 and Rs.1,500 were received from debtors, which of the following is the debtors account balance at 31^st Dec. 2017?

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

Interest on partner's capital is allowed, only when the _______________ specifically provides for i

The new partner does not bring in cash for his share of goodwill under _______ method.

The rate of interest on capital is generally agreed by the partners and is mentioned in the _________

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

Normal profit is ___________

Some organisations are established for the purpose of rending services to the public without __________

James and Kamal are sharing profits and losses in the ratio of 5:3. They admit Sunil as a partner giving him 1/5 share of profits. Find out the sacrificing ratio.

A, B and C are partners sharing profits in the ratio of 4:2:3. C retires. The new profit sharing ratio between A and B will be

Which of the following is not a tool of financial statement analysis?

When shares are issued for purchase of assets, the amount should be credited to

To test the liquidity of a concern, which of the following ratios are useful?
(i) Quick ratio
(ii) Net profit ratio
(iii) Debt-equity ratio
(iv) Current ratio
Select the correct answer using the codes given below:

Which is not the default group in Tally?

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 shown in Profit and loss appropriation account?

Income and expenditure account is a

The excess of assets over liabilities is