Identify the correct sequence to be followed while preparing final accounts of a partnership firm? (A) Profit and Loss Appropriation Account (B) Profit and Loss Account (C) Trading Account (D) Balance Sheet Choose the correct answer from the options given below:

Which of the following would affect the Revaluation account at the time of reconstitution of a partnership firm?

Window dressing is a practice:

Match List-I with List-II List-I | List-II (A) Shares Capital | (I) Will be called at the time of winding up (B) Reserve and surplus | (II) Calls in advance (C) Reserve Capital | (III) Subscribed but not fully paid (D) Current liabilities | (IV) Sinking fund Choose the correct an…

Match List-I with List-II List-I | List-II (A) Salary to partner | (I) Credit side of Partner's Capital Account (B) Interest on Partners' loan | (II) Debit side of Partner's Current Account (C) Interest on partner's drawings | (III) Debit side of Profit and Loss Account (D) Addit…

The main source of revenue for not for profit organisation is:

Which of the following would affect the Revaluation Account at the time of admission of a partner? (A) Increase in assets (B) Drawings against capital (C) Recording of unrecorded assets (D) Decrease in liabilities Choose the correct answer from the options given below:

Libraries run by charitable trusts are an example of:

Match List-I with List-II List-I (Items of cash flow) | List-II (Type of activity) (A) Purchase of tangible assets | (I) Operating activity (B) Issue of shares | (II) Cash and cash equivalents (C) Increase in current assets | (III) Investing activity (D) Marketable securities | (…