Accounting - Study Mode
[#2046] Unpaid calls is shown in the balance sheet of the company?
Correct Answer
(B) Deducted from the called up capitals
[#2047] If increase in retained earning = Rs. 6,00,000 Preliminary expense = Rs. 10,000 Provision for taxation = Rs. 60,000 Transfer to General reserve = Rs. 10,000 Net profit before taxation = ??
Correct Answer
(D) Rs. 6,20,000
[#2048] A, B, and C are partners in a firm sharing profit and loss in the ratio of 4 : 3 : 2. They agreed to take D into partnership and gave him $$frac{1}{8}$$ share. What will be the new profit-sharing ratio?
Correct Answer
(B) 28 : 21 : 14 : 9
[#2049] In absence of an agreement. Partner is entitle to receive
Correct Answer
(A) Equal share in profit and loss
[#2050] A 'Sale and lease back' arrangement is more suitable for a lessee having
Correct Answer
(A) liquidity crisis