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New Ratio (less) _________ = Gain ratio
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New Ratio (less) ______ = Gain ratio.
Concept: undefined >> undefined
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Give one word/term/ phrase for the following statement
The ratio measuring the relationship between net profit and ownership capital employed.
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(Under Subscription)
Usha Co. Ltd. issued Rs 12,000 Equity shares of Rs 100 each payable as under-
| Rs 30 | on application | Rs 20 | on allotment |
| Rs 35 | on first call | Rs 15 | on second call |
Public applied for Rs 10,000 shares and all the applicants were accepted by the company. Allotment of the shares were made. All the money on allotment, first call and second call were received.
Show the journal of the Company.
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Answer in one Sentence :
How is the share of deceased partner in accrued profit calculated?
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Give a word / term / phrase which can substitute each of the following statements :
The method under which payment is made to retiring partner in instalment.
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State whether the following statements is true or false :
Retiring partner is not entitled to his share of general reserve.
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The debentures which are convertible into shares.
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The debenture holder is owner of the company.
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_______ is an acknowledgement of debt under common seal of a company.
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Mr. Yogesh keeps his books on Single Entry system. From the following particulars, prepare Opening and Closing Statement of Affairs and Statement of Profit and Loss.
|
Particulars |
Amount |
Amount |
|
Bank balance Cash balance Sundry debtors Stock Furniture Machinery Sundry creditors Bills payable |
36,000 7,500 90,000 60,000 9,000 60,000 36,000 16,500 |
27,000 9,000 1,20,000 90,000 9,000 90,000 60,000 27,000 |
Additional information:
(1) Mr. Yogesh has withdrawn Rs 22,500 from the business for his personal use.
(2) He has introduced additional capital of Rs 7,500 in the business on 1st January, 2010.
(3) Additions to machinery were made on 1st January, 2010.
(4) Depreciate furniture and machinery @ 10% p.a.
(5) Maintain reserve for doubtful debts @ 2% on sundry debtors.
(6) Closing stock is overvalued by 20% in the books.
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Mr. Balasaheb is dealing in the business of fruits. He maintains his accounting record with single entry. The following figures are taken from his record.
|
Particulars |
Balance as on 1.4.2004 |
Balance as on 31.3.2005 |
|
Land and |
40,000 |
50,000 |
Mr. Balasaheb introduced Rs. 10,000 as further capital.
He spent Rs. 45,000 from the business for his daughter's marriage.Depreciate Land and Building by Rs. 5,000
Create 5% Reserve for Doubtful Debts on Sundry Debtors.
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Answer in a sentence only.
What is meant by debenture?
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Answer in a sentence only.
What do you mean by Bearer Debenture?
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Answer in a sentence only.
What is a ‘Convertible Debenture’?
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Answer in a sentence only.
What is meant by ‘Mortgaged Debenture’?
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Answer in a sentence only.
What is meant by redemption of Debentures?
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Answer in a sentence only.
What is meant by ‘Irredeemable Debentures?
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Write one word/term/phrase which can substitute the following
The debentures where no charge is created on the assets of company.
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Write one word/term/phrase which can substitute the following
The acknowledgment of debt under common seal of company.
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