Match List-I with List-II List-I | List-II (A) Dissolution of firm by agreement | (I) When a partner becomes insane (B) Compulsory dissolution of firm | (II) With the consent of all partners (C) Dissolution of firm by notice | (III) When business of a firm becomes illegal (D) Dissolution of firm by Court | (IV) At the request of any one partner Choose the correct answer from the options given below:

Which of the following is not an operating activity?

The ___________ ratios are primarily measures of return-

Which of the following is not always an essential feature of partnership?

Arrange the following steps to prepare the Comparative Statements- (A) List out absolute figures in rupees relating to two points of time (B) Prepare the format (C) Find out the change in absolute figures by subtracting the first year from the second year and indicate the change…

The profits of firm for the five years are as follows: Year | Profit (Rs.) 2012-13 | 20,000 2013-14 | 24,000 2014-15 | 20,000 2015-16 | 20,000 2016-17 | 16,000 Calculate the value of goodwill on the basis of three years' purchase of average profits.

Revenue from operations = 4,00,000, Average Inventory = 55,000, Gross Profit Ratio = 10%. Calculate inventory turnover ratio-

Which of the following statements are true: (A) Dissolution of a partnership is different from dissolution of a firm. (B) A partnership is dissolved when there is a death of a partner. (C) A firm is dissolved when all partners give consent to it. (D) A firm is compulsorily dissol…

______ sub system deals with payment of wages and salary to employees.