At the time of dissolution all the assets of firm are transferred to the realization A/c _________

Companies cannot keep books on single entry system because of ______________

Which one of the following accounts is supposed to be used to get the figure of credit purchase made during the current accounting period?

The reconstitution of the partnership requires a revision of the ___________ of the existing partners.

The excess amount paid over the called up value of a share is known as

Equity shares are also known as

________________ is the interest allowed on capital of the partners.

_________maybe taken on the life of the partners in a partnership firm

___________ ratio is the agreed proportion in which future profit will be distributed to all the partners including the new partner.

In admission undistributed profit or loss is transferred to _________

Companies cannot keep books on single entry system because of ________

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

At the time of admission, the goodwill brought by the new partner may be credited to the capital accounts of

Which of the following statements is not true?

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 of the following is true?

In the absence of an agreement, partners are entitled to 

Income and expenditure account is a

The excess of assets over liabilities is