At the time of dissolution of a firm, which liability will be paid first?

(a)  

Statement for the calculation of revenue of a non profit concern is known as?

(a)  

When the debit of income and expenditure is more than its credit, it leaves a (a)   ?

Subscription received in advance is (a)   ?

Receipts and payment Accounts contains (a)   items?

Income and expenditure account is a ?

(a)  

Donation received for a special will be taken to the ?

(a)  

A debit balance in the receipts and payment account denotes?

(a)  

Partner's salary is debited to (a)   a/c?

In the obsense of any agreement partners will share profit and loss in the (a)   ratio?

Interest on capital is credited to which account?

(a)  

The gaining partner should compensate the sacrificing partner, The compensation is in the form of ?

(a)  

Sacrificing ratio is equal to

(a)  

Change in relationship among the partners results in (a)   of the partnership firm

Revaluation account is debited with

(a)  

Undisturbed profits /reserves and losses should be distributed to partners in (a)   ratio?

Goodwill is (a)   asset?

The credit balance of Revaluation A/C shows?

(a)  

At the time of admission of a partner in a firm, unrecorded assets will be

(a)  

When provision for doubtful debts is to be increased on admission,the revaluation account is

(a)  

Share of goodwill brought in by the incoming partner in cash is called (a)   ?

Amount payable to the decreased partner is transferred to

(a)  

Total capital required X New profit ratio of each partner ,This is meant for:

(a)  

Death of a partner leads to the (a)   partnership firm?