Kayal, Mala and Neela are partners sharing profits in the ratio of 2:2:1. Kayal retires and the new profit sharing ratio between nila and neela is 3:2. Calculate the gaining ratio.

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

Which one is correct

When B/R dishonoured is shown in the ________________ A/Cs

The accounting procedure at the retirement of a partner involves _____________

Statement of assets & liabilities prepared under Single entry system is called _______

Sumit and Ravi started a business by investing Rs. 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.

The partner admitted into partnership firm acquires two rights. i.e.,right to share in the _________ of the partnership and right to share in the _________.

Total opening balances of assets and liabilities are Rs. 10,000 and Rs. 5,000 respectively. Find out the opening capital of the business ___________

Identify the correct formula used to ascertain the closing capital

Shareholder are the __________________

Holders of preference shares will have a right to vote if the dividend remains in arrears for a period not less than ___________

Penalty for delay in refunding application money ___________________

In the Balance sheet of a firm, the debt equity ratio is 2:1. The amount of long term sources is Rs.12 lacks. What is the amount of tangible net worth of the firm?

The relationship of Gross profit to sales is known as _____________

_____ ratio measures the firm ability to pay off its current dues.

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

Current assets of a business concern is Rs.60,000 and current liabilities are Rs.30,000. Current ratio will be ___________

All profitability ratios are expressed in terms of ___________

_________ are used for recording both cash and credit purchases of goods.

Company Restore option is available in _________

According to Table - A, interest charged on calls in advance is _____ %

The part of the _____ capital not offered for subscription to the public is known as unissued.

Indian companies act, 20B, interest may be paid on calls in advance if Articles of Association so provide not exceeding _____ per annum.

_____ represents that part of authorised capital which is offered for subscription.

_________ refers to the excess of current assets over current liabilities.

___________ includes manufacturing account and trading and profit and loss account.

Preparation of common size statements and computation of ratios are examples of __________

When a shareholder fails to pay the amount due on allotment or on calls, the amount remaining unpaid is known as

First installment called __________

Issue of equity shares to the public through prospectus by a public company is call ___________

The capital of companies is divided into small units called __________

The debit balance of the current account, will be shown in the ____________ side of the balance sheet.

__________ is a form of organization where two or more persons carryon some business acting on the basis of agreement among them.

Balance sheet items like profit and loss account transferred to_________.

Interest on capital is calculated on the __________

_________maybe dissolved at any time by a partner serving notice on the other partners

__________ created out of profit to adjust the reduction in the market value of the investments.

The balance in the appropriation account is transferred to the partner's capital account in the ________

When an unrecorded liabilities is brought into books, is results in

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

Companies cannot keep books on single entry system because of ________

The capital of a business is ascertained by preparing _________

Goodwill is not a ________ asset

_________ Cannot be seen or touched.

Goodwill is to be valued when ____________

The policy amount received from the insurance company is used to settle the amount due to the __________

________is a revenue expenditure

Capital fund also called as ___________

Which of the following is to be recorded in an income and expenditure account?