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Q1841

A company can re-issue its forfeited shares at a:

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Q1842

In which order the following items will be shown on the liabilities side of the Balance Sheet of a Company:
1. Current liabilities and provisions
2. Secured loans
3. Share capital
4. Reserves and surplus
Select the correct answer:

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Q1843

A, Y and Z are partners in the ratio of 5 : 4 : 1. Z is guaranteed that his share of profit will not be less than Rs. 80,000 and any deficiency will be borne by A and Y in the ratio of 3 : 2. If the firm's profit is Rs. 5,60,000, how much deficiencywill be borne by Y?

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Q1844

To provide funds to pay to the retiring partner or to the representatives of a partner, generally . . . . . . . . . is created by partners.

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Q1845

The adjustment entry passed to eliminate the inter company owing is

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Q1846

The expenditure incurred for enhancing the capacity of an existing equipment is:

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Q1847

Arrange the following parties in the event of dissolution of a firm.
1. Secured creditors
2. Unsecured creditors
3. Partners who have granted loans
4. Partners who have contributed over and above profit sharing ratio
Select the correct answer:

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Q1848

Statement I In the traditional accounting, assets are shown at cost, year after year.
Statement II The cost in inflation accounting represent the cost that prevails at the time of reporting.
Which of the following is/are correct?

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Q1849

The liability of shareholder in a public company is limited to

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Q1850

A company has equity capital of Rs. 2,00,000 preference capital of Rs. 1,00,000, 12% debentures of Rs. 1,00,000, long-term loans of Rs. 2,00,000 and short-term loans of Rs. 1,00,000. The capital-gearing ratio will be:

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Q1851

Cash book is an example of-

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Q1852

Liquid Ratio is calculated as follows:

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Q1853

What is the correct order of the following relating to the shares of a company?

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Q1854

Which of the following items will have credit balance?

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Q1855

Amount due to outgoing partner is shown in the balance sheet as his

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Q1856

Given the following information, what is Debt Equity Ratio?

Equity Capital	Rs. 2,00,000
General Reserve	Rs. 90,000
Debentures	Rs. 1,50,000
Accumulated Profits	Rs. 60,000

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Q1857

What will be the treatment, if assets are taken over by a creditor of the firm at the time of dissolution?

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Q1858

Which of the following match is not correct?

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Q1859

Net sales for a period is Rs. 6,00,000; cost of goods sold is Rs. 3,10,000 and operating expenses Rs. 80000. The operating ratio will be-

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Q1860

X co. Ltd. forfeited 1,000 shares of Rs. 10 each fully called up for non-payment of final call of Rs. 1 per share. 400 of forfeited shares are reissued as fully paid at Rs. 8 per share. The balance of forfeited share account will be:

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