Accounting - Study Mode
[#2491] A motor car which was purchased for Rs. 20,000 had its book value Rs. 12,000 was sold for Rs. 25,000, the capital profits will be:
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(C) Rs. 13,000
[#2492] If a machinery of Rs. 7,20,000 is purchased against the issue of fully paid shares of Rs. 8,00,000, then balance of Rs. 80,000 is debited to
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(D) Discount on the issue of shares account
[#2493] The minimum amount that should be called by a company with application for its shares is the following per cent of face value of shares:
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(B) 5%
[#2494] As per Garner V. Murray Rule, the loss resulting from a partner's insolvency is borne by other partners in
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(B) their capital ratio
[#2495] Alteration of shares of smaller amounts into shares of larger amount is called . . . . . . . . of share capital.
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(C) consolidation