Match List-I with List-II List-I (Equal amount of drawings made) | List-II (Number of months for which interest is calculated) (A) At the end of each half year | (I) 4.5 months (B) At the beginning of each quarter | (II) 6.5 months (C) At the beginning of each month | (III) 7.5 months (D) At the end of each quarter | (IV) 3 months Choose the correct answer from the options given below:

A, B and C are partners sharing profits in the ratio of 3:3:4. They decide to share the future equally. The sacrifice or gain of partners are:

Kavita and Lalita are partners, sharing profits in the ratio of 2:1. They decide to admit Mohan for 1/4th share in future profits with a guaranteed amount of ₹25,000. Both Kavita and Lalita undertake to meet the liability arising due to the guaranteed amount to Mohan in their res…

If there is no claim against Workmen Compensation Reserve, it is ______ at the admission of a partner. Fill in the blank with the correct answer from the options given below.

Anshu and Nitu are partners, sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.

Which of the following is an example of sequential code?

The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners gains, involves the following: (A) Gaining Partner's Capital Account is debited (B) Premium for Goodwill Account is debited (C) Sacrificing Partner's C…

A partnership can have maximum 50 partners. This limit has been set by the:

While preparing Cash Flow Statement, purchase of goodwill is treated as: