Partners' current accounts are transferred to respective Partners' __________ Accounts.

Arrange the Following Steps to Calculate Goodwill under the Super Profits Method- (A) Calculate the normal profit on the firm's capital on the basis of the normal rate of return (B) Calculate the average profit (C) Calculate the super profits by deducting normal profit from the a…

Match List-I with List-II List-I | List-II (A) Calls in Arrears | (I) Sometimes shareholders pay a part or the whole of the amount of the calls not yet made. (B) Calls in Advance | (II) When any shareholder fails to pay the amount due on allotment or on any of the calls (C) Over…

Match List-I with List-II List-I | List-II (A) Restricts the right to transfer its shares | (I) OPC (B) A company which is a subsidiary of a public company | (II) Private Company (C) A company which has only one person as a member | (III) Perpetual Succession (D) Members may come…

Which of the following ratios is considered as the solvency ratio?

Match List-I with List-II List-I | List-II (A) Redeemable Debentures | (I) the debentures which can be transferred by way of delivery and the company does not keep any record of the debentures (B) Convertible Debentures | (II) these debentures are issued with a specified rate of…

Realisation account doesn't show-

Sameer and Yasmin are partners with capitals of Rs 15,00,000 and Rs 10,00,000 respectively. They agreed to share profits in the ratio of 3: 2. The books are closed on March 31, every year. They admit Ravi on October 1, 2019 in the partnership, who bring Rs 12,00,000 as capital an…

When a firm is dissolved, the Balance of Investment Account and Balance of Investment Fluctuation Fund Account, shown by Firm's Balance Sheet are transferred into _________ and into __________ respectively:-