If the amount due to the outgoing partner is transferred to loan account then he is entitled to interest at _________ until it is paid out.

The proportion in which the continuing partners benefit due to retirement of partner ______________

Companies cannot keep books on single entry system because of ______________

Partner’s equity is affected due to __________

Capital can be obtained by preparing ____________

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 of admission of a new partner, revaluation of ______ and _______should be taken up.

If opening capital Rs. 1,000 and closing capital Rs. 2000. Assuming no drawings during the accounting period, calculated the net income or loss for the period _______

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

After getting minimum subscription of shares, the company has to allot shares within ___________ days

Penalty for delay in refunding application money ___________________

_______ ratio is an indicator of operational efficiency of an organisation.

_______ is expressed as a quotient.

All solvency ratios are expressed in term of

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

To change current data from Gateway of Tally press the key _________

All transactions related to receipt either in cash or through bank are recorded using ____________

Capital Reserve represents _____ profit.

Application money must be at least _____ per cent of the nominal value of the shares.

___________ analysis is useful in judging the credit worthiness financial planning and preparation of budgets.

_______ is a statement of assets and liabilities which shows the financial position as on a particular date.

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

____ has perpetual succession and the liability of the members is limited.

Equity shares may be issued for cash at ___________

The money raised by issuing shares is called

______________ is a type of partnership in which the liability of the partners is limited to the entent of their capital contribution.

________ is computed at the time of admission of a new partner.

X and Yare partners sharing the profits and losses in the ratio of 2:3 with capitals of Rs. 1,20,000 and Rs. 60,000 respectively. Profits for the year are Rs. 9,000. If the partnership deed is silent as to interest on capital. Show how profit is shared among X and Y ____________

_____account which is otherwise called profit and loss adjustment account

The revaluation profits and losses are recorded in the _________ account

The name under which the business of a firm is carried on is called the ____________

In admission undistributed profit or loss is transferred to _________

When the value of an asset increases, it results in

X, Y and Z are partners in the ratio of 5:3:2 Goodwill is valued at 40,000. If Z retire, the amount of goodwill credited to his capital account is ______________

Creditors on 1.4.2016 was Rs. 80,000 and on 31.3.2017 was Rs. 65,000 cash paid to creditors during the year is Rs. 10,000. Then the credit purchases during the year is ________

A firm has assets worth Rs. 60,000 and capital Rs. 45,000.Then it's liabilities is _________

__________ method, goodwill is calculated as certain years of purchase of average profits of the past few years.

The total capitalised value of the business is calculated by capitalising the average profits on the basis of __________

The profit or loss arising therefrom is transferred to the capital accounts of all the partners in the _____________

Capital fund also called as ___________

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

On retirement of a partner, general reserve is transferred to the

Which of the following statements is not true?

A preference share is one
(i) which carries preferential right with respect to payment of dividend at fixed rate
(ii) which carries preferential right with respect to repayment of capital on winding up

Current assets excluding inventory and prepaid expenses is called

Function key F11 is used for

The average rate of return of similar concerns is considered as

When fixed capital method is adopted by a partnership firm, which of the following items will appear in capital account?

Which of the following should not be recorded in the income and expenditure account?

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