HSC Arts (English Medium) इयत्ता १२ वी - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

What is meant by ‘capital fund’ ?

Answer the following question in only ‘one’ sentence.

What is ‘entrance fees’?

Select the most appropriate answer from the alternatives given below:

Gaining ratio is the ratio in which ______.

Answer in one sentence only.
What is an Entrance Fee?

Write one Word / Term / Phrase for the following statement.
The fees paid by a person, who wants to become a member of the concern, for his whole life.

Gain ratio _______ Ratio less Old Ratio.

New Ratio = Old Ratio + _____ Ratio

Apte, Bhate and Chitale are sharing `1/2, 3/10, "and" 1/5` if Apte retire their new ratio will be ______.

Write the Word/Term/Phrase which can substitute of the following statement:

The ratio in which the continuing partners are benefited due to the retirement of partner.

Write the word/phrase/term/ which can substitute of the following statement:

The ratio which is obtained by deducting the Old Ratio from New Ratio.

State whether the following statement is true or false with reason.

Gain ratio means New ratio minus Old ratio.

State whether the following statement is true or false with reason.

Retiring partner is called an outgoing partner.

State whether the following statement is true or false with reason.

On retirement of a partner, a sacrifice ratio is considered.

New Ratio (less) _________ = Gain ratio

A proportion in which the continuing partners get the share of retiring partner is known as ________ ratio.

What is meant by Retirement of a Partner?

What is Benefit Ratio?

What is New Ratio?

How is Gain Ratio calculated?

The balance of Share Forfeiture A/c is transferred to _________ account after re-issue of these share.