Give one word/term/ phrase for the following statement.
An asset which can be converted into cash immediately.
Concept: Concept of Financial Statement Analysis
Give one word/term/ phrase for the following statement.
An asset which can be converted into cash immediately.
Concept: Concept of Financial Statement Analysis
Capital balance is ascertained by preparing....................................
- Statement of affairs
- Cash account
- Drawing account
- Debtor’s account
Concept: Concept of Financial Statement Analysis
Capital balance is ascertained by preparing....................................
- Statement of affairs
- Cash account
- Drawing account
- Debtor’s account
Concept: Concept of Financial Statement Analysis
Concept: Cash Flow Analysis
Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
Concept: Concept of Financial Statement Analysis
Give one word/term/ phrase for the following statement
Critical evaluation of financial statement to measure profitability.
Concept: Concept of Financial Statement Analysis
Explain return on investment (ROI).
Concept: Return on Investment (ROI)
Explain the operating activities on cash flow .
Concept: Cash Flow Analysis
What is ‘liability of partners’ ?
Concept: The Indian Partnership Act 1932
Select the most appropriate alternative from those given below and rewrite the statement.
Return outward are deducted from __________________.
Concept: Partnership Final Accounts
Match the following pairs:
| Group ‘A’ | Group ‘B’ | ||
| (a) | Partnership Deed | (1) | Central Processing Unit |
| (b) | Excess of assets over liabilities | (2) | Purchase price plus installation charges |
| (c) | CPU | (3) | Written agreement |
| (d) | Co-venturer | (4) | Purchase price less Scrap Value |
| (e) | Cost of fixed assets | (5) | Capital |
| (6) | Partner in joint venture | ||
| (7) | Oral agreement | ||
| (8) | Liabilities | ||
Concept: Meaning and Definitions of Partnership and Partnership Deed
Write a short note on E-Commerce ?
Concept: Partnership Final Accounts
What is a partnership deed?
Concept: Meaning and Definitions of Partnership and Partnership Deed
What is the relationship between co-venturers?
Concept: Meaning and Definitions of Partnership and Partnership Deed
Concept: Partnership Final Accounts
The account in which banking transactions of joint venture are recorded.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Co-venturers’ liability is_________.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Physical devices of computer system are known as ____________.
Concept: Meaning and Definitions of Partnership and Partnership Deed
Surekha and Sangita decided to undertake a venture jointly. They agreed to share profits and losses in the ratio of 3 : 2. Surekha supplied from her own stock goods worth Rs. 4,00,000 and paid Rs. 9,900 for freight and Rs. 2,400 for insurance. Sangita purchased goods of Rs. 3,90,000 for the venture and paid Rs 14,000 for selling expenses. Sangita accepted a bill for 3 months of Rs. 1,90,000 drawn by Surekha as an advance. The bill was discounted immediately by Surekha for Rs. 1,84,000 and the amount of discount was charged to Joint Venture Account. Sangita sold all the goods for Rs. 10,00,000. At end of the venture, the accounts were settled. Give journal entries in the books of Surekha.
Concept: Partnership Final Accounts
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