X, Y and Z are partners sharing profits I the ratio of 5:3:2. If Y retires then new ratio will be ________.

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

In single entry system must suited where _________

A,B and C enter into a partnership investing Rs. 35000, Rs. 45000 and 55000. Find the their respective shares in annual profit of 40,500 __________

At the time admission of a new partner, general reserve is ___________

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?

_____________ ratio determines the overall efficiency of the business

_____________ Assets = Total current assets - (Stock + Prepaid expenses)

____________ can be calculated by deducting cost of goods sold from sales.

Gross profit ratio established the relationship between ___________

_____ ratio is otherwise called as Inventory turn over ratio.

_______ ratio is a test of the operational efficiency of the business.

____ ratio expresses the relationship between long term debt and shareholders' funds.

_____ is expressed in certain number of times of a particular figure.

______ is one of the important tools of financial analysis.

Which ratio is the proportion of fixed income bearing funds to equity shareholders funds?

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

__________ facilitates fast and accurate retrieval of data and information.

Single entry mode is applicable for _________

The balance of forfeited share account is ____ in the Balance sheet.

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

Common size statement can be prepared with ___________

Comparative statement and trend percentages are examples of ____________

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

Capital account will always show credit balance under ________ method.

________ ratio is the proportion of the profit which is sacrificed or foregone by the old partners in favour of the new partner.

All the transactions between the partner and the firm are recorded in the _________

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

Closing capital can be found by preparing a statement affairs at the _____ of the year.

The capital of a business is ascertained by preparing _________

Goodwill has _________Value

The company earns a net profit of Rs. 24,000 with a capital of Rs. 1,20,000. The NRR is 10% under capitalisation of super profit goodwill will be ___________

Goodwill is shown under fixed assets in the ___________

_______are the amounts received by not for- profit organisations as a gift

The amount or property received by a non - profit organization as stated by the will of a decreased person is commonly referred to as ___________

Select the odd one out

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

On revaluation, the increase in liabilities leads to

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

At the time of forfeiture, share capital account is debited with

Which one of the following is not correctly matched?

Debt equity ratio is a measure of

In which voucher type credit purchase of furniture is recorded in Tally

What are the predefined Ledger(s) in Tally?
(i) Cash
(ii) Profit & Loss A/c
(iii) Capital A/c

Identify the incorrect pair

Pick the odd one out

In the absence of an agreement among the partners, interest on capital is

Income and expenditure account is a

Opening balance of debtors: Rs. 30,000, cash received: Rs. 1,00,000, credit sales: Rs. 90,000; closing balance of debtors is

The excess of assets over liabilities is