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A
Unequal
B
Equal
C
It will depend on the experience of a partner
D
It will depend on a partner`s capital
A
Interest on capital
B
Salaries
C
Interest on loan by partner to partnership
D
Interest on drawings
A
Fixed
B
Fluctuating
C
Floating
D
Normal
A
Credited to partner`s current a/c
B
Not shown in current account
C
Debited to partner`s current a/c
D
None of the above
A
Revaluation
B
Realisation
C
Appropriation
D
Dissolution
A
Ease of formation
B
Limited liability
C
Limited life
D
Mutual agency
A
Interest on capital
B
Interest on drawings
C
Rent paid to partner
D
Partner`s salary
A
Balance sheet
B
Cash flow statement
C
Statement of affairs
D
Statement of financial operations
A
Balance sheet
B
Profit & loss statement
C
Statement of affairs
D
Income Statement
A
Company Law
B
Accounting Standards
C
Both A and B
D
None of these
A
International Financial Reporting Standards
B
International Financial Accounting Standards
C
International Accounting and Auditing Standards
D
International Risk Reporting Standards
A
Assets + liabilities = Equity
B
Assets -Liabilities =Equity
C
Assets -Receivable =Equity
D
Assets + Receivable =Equity
A
Rs 0
B
Rs 5000
C
Rs 10000
D
Rs 15000
A
receivable
B
payable
C
bad debt
D
none of these
A
Patent rights
B
Inventory
C
Cash
D
Trade receivables
A
investments
B
Property
C
Patent rights
D
Inventory
A
I only
B
II only
C
I & II Only
D
I , II and III
A
Rs 1,000
B
Rs 1,500
C
Rs 2,000
D
Rs 2,500
A
Cost of an asset + Residual value
B
Cost of an asset – Residual value
C
Residual value – Cost of an asset
D
None of these
A
Amortization
B
Depletion
C
Going Concern
D
Residual Value