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Q. If a partner takes over an asset of the firm, his capital account:

Q. If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:

Q. As per the SEBI guidelines, on issue of shares, the application money should not be less than

Q. Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:

Q. Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:

Q. Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?

Q. Dependent branch makes:

Q. Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.

Q. Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.

Q. Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______