Accounting - Study Mode

[#396] Accounting Standard-14 is
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(A) Accounting for amalgamation

[#397] Share capital account . . . . . . . . when shares are forfeited.
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(A) Debit

[#398] Working capital of previous year and current year are Rs. -50,000 and Rs. 60,000 respectively, then the amount of change in the working capital will be:
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(C) Increase of Rs. 1,10,000

[#399] On the dissolution of a firm, the amount realized from an unrecorded asset is transferred to
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(B) Realization Account

[#400] If cost is Rs. 18,000 and profit is $$33frac{1}{3}\% $$ xa0on cost the amount of profit is
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(C) Rs. 6,000