R, S and K are partners sharing profits in the ratio 4:3:2. R retires; S and K decided to share profits in future in the ratio of 5:3. Calculate the Gaining Ratio.

Which of the following is not a constituents of the credit policy of a business firm?

Match List-I with List-II List-I | List-II (A) Bank (fresh capital introduced) | (I) Debit side of Partner's Current Account (B) Interest on drawings | (II) Debit side of Partner's Capital Account (C) Bank (permanent withdrawal of capital) | (III) Credit side of Partner's Current…

Sahil, a share holder, failed to pay the money for second and final call of Rs. 20 on 1,000 shares issued to him at Rs. 120 (face value of Rs. 100 per share). His shares were forfeited after the second and final call. Which is correct about share forfeiture-

The company has to get minimum subscription within how many days?

Das and Sinha are partners in a firm sharing profits in 4:1 ratio. They admitted Pal as a new partner for 1/4th share in the profits, which he acquired wholly from Das. The new profit-sharing ratio of the partners is-

The clauses of a partnership deed can be altered with the consent of

John Ibrahm, a partner in Ancient Tours and Travels withdrew money during the year ending March 31, 2020 from his capital account, for his personal use. He withdrew Rs. 3,000 per month at the beginning of the month. Calculate interest on drawings that should be charged from John…

Vijay and Manohar share profits and losses in the ratio of 2: 1. They admit Prakash as a partner with 1/4 share in profits with a guarantee that his share of profit will be at least Rs. 50,000. The net profit of the firm for the year ending March 31,2015, was Rs. 1,60,000. Calcul…