Net Capital Employed is equal to: (A) Fixed Assets + Current Assets - Long term liabilities (B) Non-current Assets + Current Assets - Current liabilities (C) Fixed Assets + Current Assets - Equity (D) Equity + Debt (E) Current Assets - Current liabilities Choose the correct answer from the options given below:

Current liabilities include: (A) Trade receivables (B) Unclaimed dividend (C) Interest accrued but not due on loan (D) Acceptances (E) 12% debentures redeemable after four years Choose the correct answer from the options given below:

Other income is ₹ 5,00,000 which is 25% of Revenue from operations. Employees benefit Expenses are 30% of the Revenue from operation. Tax rate is 40%. Net profit after tax will be:

The need of codification is:

Find the correct sequence of procedure of issue of shares: (A) Receipt of Applications (B) Issue of prospectus (C) Allotment of Shares (D) Making call money due (E) Receiving Call money Choose the correct answer from the options given below:

Match List - I with List - II. List - I | List - II (A) Application money should be at least ___% of the face value of the share | (I) 25% (B) The amount of Call should not exceed ___% of the face value of the share | (II) 90% (C) Minimum subscription of capital cannot be less th…

A, B & C were sharing profits & losses in the ratio of 3: 2: 1. They decided to share profits & losses equally in future. General reserve was appearing in their books at ₹ 60,000. Goodwill was valued at ₹ 1,20,000. The partners do not want to disturb the general reserve. The adju…

Amount received from the sale of furniture for ₹ 7000 (Book value ₹ 10,000). The amount to be shown in receipts and payments account will be:

Partnership deed should be drafted and prepared as per: