State any one limitation of Analysis of Financial Statement.
Concept: Concept of Financial Statement Analysis
State any one limitation of Analysis of Financial Statement.
Concept: Concept of Financial Statement Analysis
Under which major sub-headings the following items will be placed in the Balance Sheet of a company as per revised Schedule-VI, Part-I of the Companies Act, 1956:
i. Capital Reserve
ii. Bonds
iii. Loans repayable on demand
iv. Vehicles
v. Goodwill
vi. Loose tools
Concept: The Indian Partnership Act 1932
Death is a compulsory ______.
Concept: Reconstitution of Partnership (Death of Partner)
The Indian Partnership Act is in force since ______.
Concept: Provision of the Indian Partnership Act 1932
Write the word/phrase/term, which can substitute the following sentence.
Donation received for a specific purpose.
Concept: Income and Expenditure Account
Give comparison between Manual Accounting Process and Computerized Accounting Process.
Concept: Computerized Accounting System (Cas)
what is trial balance ?
Concept: Meaning and Definitions of Partnership and Partnership Deed
To find out Net Profit or Net Loss of the business __________ account is prepared.
Concept: Partnership Final Accounts
Find odd one.
Concept: Partnership Final Accounts
Cash receipts which are recurring in nature are called as__________ Receipts.
Concept: Partnership Final Accounts
Concept: Adjustments - Unrecorded Purchases and Sales
Closing stock is always valued at market price.
Concept: Effects of Adjustments-Closing Stock
State whether the following statement is True or False with reasons.
Not for Profit Concerns do not have profit motive.
Concept: Accounts of “Not for Profit” Concerns
To find out Net Profit or Net Loss of the business __________ account is prepared.
Concept: Partnership Final Accounts
Find odd one.
Concept: Partnership Final Accounts
Cash receipts which are recurring in nature are called as__________ Receipts.
Concept: Partnership Final Accounts
State whether the following statement is True or False with reasons.
Not for Profit concerns do not prepare Balance Sheet.
Concept: Accounts of “Not for Profit” Concerns
Answer in one sentence only.
What is ‘Legacy’?
Concept: Income and Expenditure Account
What do you mean by 'sacrifice ratio'?
Concept: Admission of a Partner - Sacrifice Ratio and New Ratio
