Does IFRS-B allow an entity to combine information about operating segments into one reportable segment?
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Loss arising due to insolvency of a partner is to be borne by other partners:
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Which of the following is not a business transaction?
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The value of HR is the function of the average salary of the employees and their average employment tenure in the organisation. This is the essence of
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Calculate the profit volume ratio from the following statement:
| Year |
Sales |
Profit |
| 2006 |
4,00,000 |
(-) 24,000 |
| 2007 |
5,00,000 |
(+) 30,000 |
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X Ltd company goes into liquidation, and a new company Z Ltd purchases the business of X Ltd. It is a case of
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Which one of the following is not true of cash Budget?
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Under capitalization can be resolved by
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When net profit is Rs. 2,25,000; taxes Rs. 25,000 and net worth Rs. 10,00,000 what is the rate of return on shareholder's equity?`
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Proprietary ratio relates the shareholders fund to:
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According to revised accounting standard-3, the purchase of fixed assets is considered
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Registration of Partnership firm is . . . . . . . . .
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If debenture valuing Rs. 3,25,000 were issued against net assets of Rs. 3,50,000 the balance of Rs. 25,000 would be credited to-
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Current assets are convertible into cash during which of the following periods?
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Management Accounting deals with
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Unless written off the loss on issue of debentures is shown:
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If Price - earning ration is 0.05 and Earning per share (EPS) is Rs. 8 then the market value of shares will be
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On admission of new partner, increase in value of assets is credited to
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Match the following:
| List-I |
List-II |
| a. Admission |
1. Gaining ratio |
| b. Retirement |
2. Equal ratio |
| c. Revaluation |
3. Sacrificing ratio |
| d. No partnership deed |
4. Old ratio |
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The first person to publish principles of double entry system was
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