Calculate and state the nature of activity under cash flow statement: Acquired Machinery for ₹ 5,00,000 paying 50% by cheque and executing a bond for the balance payable:

Identify the correct sequence to be followed at the time of Retirement of a Partner: A. New Balance Sheet after Retirement B. Transferring balance to Retiring partner's Loan Account C. Calculation Gaining/Sacrificing Ratio D. Partners' Capital Account E. Preparation of Revaluatio…

Match List - I with List - II. List - I | List - II (A) Over Subscription | (I) Minimum amount that must be raised by issue of shares (B) Minimum subscription | (II) Application received is more than shares issued (C) Under Subscription | (III) Allotment of shares without issue o…

On Dissolution of partnership firm out of total debtors of ₹ 2,50,000, ₹ 10,000 became bad and the rest realized 70%. In the given case Bank, A/c will be debited by:

On retirement, the retiring partner's capital account will be credited with: (A) His/Her Capital Balance (B) His/Her share of goodwill (C) Share of goodwill of remaining partners (D) his/her share of Reserve (E) his/her drawings Choose the correct answer from the options given be…

On retirement/ death of a partner, the remaining partners who have gained due to change in profit sharing ratio should compensate the:

Rohit a partner paid the realisation expenses of ₹ 10,000 and he was to get a remuneration of ₹ 12,000 for completing the dissolution process and realisation expenses were borne by Rohit. The amount transferred to his capital A/c will be:

The steps in the Process of Preparing Profit and Loss Appropriation account are: (A) Transfer the net profit to the credit side of P & L Appropriation A/c (B) Divide the Profit among partners in the Profit Sharing ratio (C) Ascertain net profit after providing for all charges (D)…

Cash equivalents refers to: (A) Demand deposits with Bank (B) Bills receivables (C) Treasury bill (D) Commercial Paper (E) Marketable Securities Choose the correct answer from the options given below: