If debentures are issued to a vendor for assets purchased and the vendor's account is credited by Rs 1,10,000, what is the journal entry if the debentures are issued at a premium of 10 %?
Match List-I with List-II:\[\begin{array}{|c|c|} \hline \text{List-I} & \text{List-II} \\ \hline \text{(A) Compulsory Dissolution} & \text{(I) Partner becomes insane} \\ \hline \text{(B) Dissolution by notice} & \text{(II) Death of a partner} \\ \hline \text{(C) Dissolution by Court} & \text{(III) Business becomes illegal} \\ \hline \text{(D) Dissolution on certain contingencies} & \text{(IV) Partnership at will} \\ \hline \end{array}\]Choose the correct answer from the options given below:
Calculate Debt Equity Ratio of the company based on the given data:
What is the correct sequence at the time of death of a partner? (A) Amount paid to Executor (B) Preparation of Revaluation account (C) Calculation of Amount Payable to executor of Deceased partner (D) Calculation of Revaluation Gain/Loss (E) Balance of Executor's loan A/c Choose the correct answer from the options given below:
Match List I with List II:Choose the correct answer from the options given below:
Which of the following is correct regarding difference between sacrificing and gaining ratio? (A) Gaining Ratio is a more suitable parameter to measure new profit sharing ratio than Sacrificing Ratio. (B) Sacrificing Ratio is calculated at the time of the admission of the partner while Gaining Ratio is calculated at the time of retirement or death of the partner. (C) New partner's share of goodwill is divided between the old partners in gaining ratio while Goodwill paid to retiring partner is paid by the remaining partners in their Sacrificing ratio. (D) Sacrificing Ratio = Old Ratio - New Ratio and Gaining Ratio = New Ratio - Old Ratio. Choose the correct answer from the following options:
Calculate the Interest Coverage Ratio of the company.
