When unrecorded debtors are realized at the time of dissolution of a partnership firm, they will be recorded on the:
Question No: 13Difficulty: mediumMarks: 1mcq
Match List-I with List-II:List-I (Different accounts)List-II (Related transaction)(A) Profit and loss account(I) Dissolution of partnership.(B) Profit and loss appropriation account(II) Dissolution of firm.(C) Revaluation account(III) Interest on loan to partner.(D) Realization account(IV) Transfer to reserve.Choose the correct answer from the options given below:
Question No: 14Difficulty: mediumMarks: 1mcq
A share of Rs. 10 on which Rs. 8 was called up was forfeited for non-payment of Rs. 5. This share can be reissued at a minimum price of Rs.:
Question No: 15Difficulty: easyMarks: 1mcq
In the absolute absence of a valid partnership deed, interest on drawings is charged at what rate?
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