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The bank gives you money in exchange for a mortgage on your house. This type of loan is called _____________.

A. Ltd. issued 4,000, 9% Debentures of Rs 100 each on the following terms:

Rs 20 on Application;

Rs 20 on Allotment;

Rs 30 on First call; and

Rs 30 on Final call.

The public applied for 4,800 Debentures. Applications for 3,600 Debentures were accepted in full. Applications for 800 Debentures were allotted 400 Debentures and applications for 400 Debentures were rejected.

If current liabilities reduces, we _______ the value in cash flow statement

Refer the data in the table below:

$\begin{array}{cc}\text{Particulars}& 2005-06\\ \text{Reveue from Operations}& 4,00,00,000\\ \text{Other Income}& 50,00,000\\ \text{Purchase of stock in trade}& 40,00,000\\ \text{Employee Benefit Expenses}& 10,00,000\\ \text{Depreciation and Amortization}& 65,00,000\\ \text{Profit before tax}& 2,35,00,000\end{array}$

Apply common size analysis to Other Income

Which account is credited while making the redemption money due in case of payment by lump sum?

Formula for calculation of goodwill according to average profits method is:

Goodwill is -

Which of the following is debited to Partner`s capital account when capitals are fluctuating?

Which of the following is not an example of income for NPO?

Show the accounting equation on the basis of the following transaction

$\begin{array}{cc}& \\ & \left(Rs\right)\\ \text{(a)Udit stated business with}& \\ \text{(i) Cash}& 5,00,000\\ \text{(ii) Goods}& 1,00,000\\ \text{(b) Purchased building for cash}& 2,00,000\\ \text{(c) Purchased goods from Himani}& 50,000\\ \text{(d) Sold goods to Ashu (cost Rs 25,000)}& 36,000\\ \text{(e) Paid insurance premium}& 3,000\\ \text{(f) Rent outstanding}& 5,000\\ \text{(g) Depreciation on building}& 8,000\\ \text{(h) Cash withdrawn for personal use}& 20,000\\ \text{(i)Rent received in advance}& 5,000\\ \text{(j)Cash paid to Himani on account}& 20,000\\ \text{(k)Cash received from Ashu}& 30,000\end{array}$

Depreciation expenses are _________ to net profit while calculating cash flow from operating activities.

What is the amount of Interest on drawings for Ram at 10% p.a. for the Year ended 31st March 2018, if he withdrew Rs 4,000 p.m.

The Current Ratio of a Company is 2 : 1. State, giving reasons which of the following transactions would (i) improve, (ii) reduce of (iii) not alter, the current ratio:

(a) Repayment of a Current Liability

(b) Purchasing goods on credit

(c) Sale of an Office Equipment for Rs. 4,000 (Book Value Rs. 5,000)

(d) Sale of goods for Rs. 11,000 (Cost Rs 10,000)

(e) Redemption of Debentures.

From the followingReceipt and Payment Account prepare final accounts of a Unity Clubfor the year ended March 31, 2007.
Additional Information:
(a) The Club had 500 members each paying an annual subscription of Rs 150.
(b) On 31.3.2007 salaries outstanding amounted to Rs 1,200 and salaries paid included Rs 6,000 for the year 2005−06.
(c) Provide 5% depreciation on Land and Building.

Define credit multiplier.

When creditor accepts an asset whose value is more than the amount due to him, he will ______________ the excess amount

There are certain organisations which are set up for providing services to its members and the public in general. These are known as

From the following information given below, prepare a Comparative Statement of Profit and Loss.
$\begin{array}{ccc}\text{Particulars}& 31-3-2016& 31-3-2017\\ & \text{(Rs)}& \text{(Rs)}\\ \text{Revenue from operations}& 2,00,000& 3,50,000\\ \text{Purchase}& 1,00,000& 2,00,000\\ \text{Cost of Revenue from Operations}& 60\%\text{of Revenue from}& 70\%\text{of Revenue from}\\ & \text{Operations}& \text{Operations}\\ \text{Selling and Distribution Expenses}& 10\%\text{of Cost of Revenue}& 15\%\text{of Cost of Revenue}\\ \text{Income Tax}& 45\%& 45\%\end{array}$

Can a company purchase its own debentures, in the open market? Explain.

The appropriation of profits can be done, in case _____________.

Is it correct to say that the firm is liable to pay interest $6\%$ p.a. on the balance due to retiring or deceased partners' legal heir? Why?

X, Y and Z are partners sharing profits in the ratio of 2 : 3 : 5. Goodwill is appearing in their books at a value of Rs 60,000. X retires and on the day of X's retirement Goodwill is valued at Rs 45,000. Y and Z decided to share future profits equally. Pass the necessary Journal entries.

(a) A and B are partners in a firm sharing profits in the ratio of 3 : 2. C is admitted as a partner. A and B surrender $\frac{1}{2}$ of their respective share in favour of C. Find the new profit sharing ratio and also the sacrificing ratio.

(b) C is to bring his share of premium for goodwill in cash. The goodwill of the firm is estimated at Rs 4,00,000. Pass necessary entries for the record of goodwill in the above case.

In particular, which cash flow can uncover a company's true profitability?

The 4th column in comparative balance sheet is expressed in___

When a partner, other than the partner filing the suit, is guilty of misconduct that may harm the partnership, this results in ______________

Rs 20,000 received as the annual membership subscription. Out of this, Rs 4,000 is pertaining to the previous accounting period whereas Rs 2,000 is receivable at the end of the current accounting period. Calculate the amount of subscription that will be shown in the income and expenditure account for this accounting.

Q12. Consider the following statements about Liquidity Crisis:

1. This refers to a situation where an individual, a business or a government is unable to gather enough cash to meet its payment obligations to lenders.

2. A liquidity crisis is similar to a solvency crisis.

Which of the above statements are correct?

Kay Ltd is a company manufacturing textiles. It has a share capital of Rs. 60 lakhs. In the previous year, the earning per share was Rs. 0.50. For diversification, the company requires additional capital of Rs. 40 lakhs. The company raised funds by issuing 10% debentures. During the year the company earned a profit of Rs. 8 lakhs on the capital employed. It paid tax 40%.

(i) State whether the shareholders gained or lost, concerning earning per share on diversification. Show your calculations clearly.

(ii) Also, state any three factors that favour the issue of debentures by the company as part of its capital structure.

I had some money with me. I bought a painting for some price, transported it to my house and sold it for some other price. If I am calculating profit, what is my cost price?

Give the necessary journal entries in each of the following alternative cases :

(i) Realisation expenses amounted to Rs. 500.

(ii) Realisation expenses paid by the firm amounted to Rs. 500 and the partner has to bear the realisation expenses.

(iii) 'A' one of the partners was to bear all the realisation expenses for which he was given a commission of 2% of net cash realised from dissolution. Cash realised from assets was Rs 25,000 and cash paid for liabilities amounted to Rs 5,000

An extract of Trial balance from the books of Tahiliani and Sons Enterprises on December 31, 2005 is given below

$\begin{array}{ccc}\text{Name of Account}& \text{Debit Amt. (Rs)}& \text{Credit Amt. (Rs)}\\ \text{Sundry debtors}& \text{50,000}& \\ \text{Bad debts}& \text{6,000}& \\ \text{Provision for doubtful debts}& & \text{4,000}\end{array}$

Additonal Information:

1. Bad debts proved bad but not recorded amounted to Rs. 2,000.

2. Provision is to be maintained at 8 % of Debtors.

Give necessary accounting entries for written off the bad debts and creating the provision for doubtful debts account. Also, show the necessary accounts.

Return paid on debentures is ___

The donations that can be used only for the limited purpose is called ______________

A company’s share capital is divided into small units known as ___