Match Following Questions

Match List-I with List-II:List-IList-II(A) Admission of a New Partner(I) Realisation Account(B) Retirement of a Partner(II) Sacrificing ratio(C) Dissolution of Partnership(III) Executors Account(D) Death of A Partner(IV) Gaining RatioChoose the correct answer from the options given below:

Match List-I with List-II:List-I (Transaction)List-II (Relevant account)(A) Settlement of Partners Loan(I) Credit side of Realization A/c(B) Transfer of liabilities(II) Partner's Capital will be credited(C) Transfer of Assets(III) Credit Side of Bank A/c(D) Remuneration payable to partner(IV) Debit Side of Realization A/cChoose the correct answer from the options given below:

Match List-I with List-II:At the time of retirement, the following transactions took place. Choose the correct treatment.List-I (Particulars)List-II (Treatment)(A) Asset taken over by the partner(I) Debit side of Revaluation A/C(B) Increase in Assets(II) Written off amongst old partners in old ratio(C) Unrecorded Liability(III) Debit side of Partners Capital A/C(D) Goodwill Appearing in books(IV) Credit side of Revaluation A/CChoose the correct answer from the options given below:

Match List-I with List-II:List-I (Particulars)List-II (Treatment)(A) Issue of debentures as collateral security(I) Vendor Account will be credited(B) Issue of debentures to Public(II) Debenture Suspense Account will be debited(C) Issue of debentures to vendor for purchase of an Asset(III) Statement of Profit and Loss will be debited(D) Writing off Discount/Loss on Issue of Debentures(IV) Bank Account will be debitedChoose the correct answer from the options given below:

Match List-I with List-II:List-I (Ratio)List-II (Formula)(A) Current ratio(I) Market Price of a share / EPS(B) Operating Margin Ratio(II) Current Assets / Current Liabilities(C) Return on Capital employed(III) 100 - Operating Ratio(D) Price earning ratio(IV) $\frac{\text{Profit before interest and tax}}{\text{Capital employed}}\times 100$ Choose the correct answer from the options given below:

Match List-I with List-IIList-I (Events)List-II (Result)(A) Termination of business(I) Not possible in the dissolution of partnership(B) Continuation of business(II) Not possible in the dissolution of a firm(C) Intervention of court(III) Dissolution of firm(D) Continuation of books of accounts(IV) Dissolution of partnershipChoose the correct answer from the options given below:

Match List-I with List-IIList-IList-II(A) Bank (fresh capital introduced)(I) Debit side of Partner's Current Account(B) Interest on drawings(II) Debit side of Partner's Capital Account(C) Bank (permanent withdrawal of capital)(III) Credit side of Partner's Current Account(D) Commission(IV) Credit side of Partner's Capital AccountChoose the correct answer from the options given below:

Match List-I with List-II:List-I(A) Authorized capital(B) Issued capital(C) Subscribed capital(D) Paid up capitalList-II(I) Mentioned in Prospectus.(II) Mentioned In Memorandum Of Association.(III) Called up capital $-$ calls in arrears.(IV) Capital for which application is received.Choose the correct answer from the options given below:

Match List-I with List-II:List-I (Accounting standards / Section of Act)List-II (Issues)(A) AS-3(I) Settlement Of Accounts.(B) AS-26(II) Firm's debt and private debt(C) Section 48 of the Indian partnership Act(III) Cash flow statement.(D) Section 49 of the Indian partnership Act(IV) Treatment of goodwill.Choose the correct answer from the options given below: