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True

Explanation: Revaluation Account is prepared to record the effect of changes in the values of assets and liabilities prior to the admission of a new partner. If there is any profit on such revaluation, then it belongs to the existing partners only, since the new partner has no right on such profit arising out of revaluation.

A credit balance on Profit and Loss Adjustment A/c or Revaluation A/c shows a profit on revaluation of assets and liabilities.

A ratio that is surrendered or given up by the old partners in favour of a newly admitted partner is called the sacrifice ratio.

Super profit method of calculation of Goodwill is a method in which Goodwill is valued at a certain number of years purchases of the super profit of the partnership firm.

(a) Obtain Credit Rating 

(b) Receive application with money 

(c) Entry in register of debenture

Charge on assets means the right of the lender to be paid from a borrower’s asset if the debt is not paid on time. Every year the company must report its total debts secured by a charge on assets. The value of the charge should be adequate to cover the entire debenture issued.

(a) Issue prospectus 

(b) Open Bank Account 

(c) Issue debenture certificate

• A debenture is a debt instrument, which helps the company to raise long-term loans.
• A secured debenture is a debenture against which a charge has been created.
• In case, if the company has failed to make redemption of debenture or interest, in that case by the order of NCLT, the charged asset can be realized by the company and dues can be settled.
• Thus, it is rightly said that a company has to create a charge on its asset for issuing secured debenture.

This statement is False.

General reserve is the amount kept aside from the part and current profit earned by the business for future business development purposes. Hence on this amount, the new partner has no right. Therefore new partner is not entitled to receive a share in general reserve.

A process in which a new person is taken into the partnership firm as a partner is called admission of a partner.

Raising the Goodwill at the time of admission of a new partner means debiting Goodwill Account up to the value it is raised and crediting. Old partners’ Capital Accounts in their old ratio in the books of the firm.

This statement is True.

At the time of admission of a new partner, existing assets and liabilities of the business are to be revalued and whatever the profit or loss is there it is to be distributed among old partners only.

There are 5 elements in this array.

Correct option: (a) Debenture Trusts Deed

Correct option: (a) secured

When the new partner does not bring his share of goodwill in cash, Goodwill is raised up to a certain value and credited to old partners’ Capital/Current A/cs in their old profit sharing ratio.

• Debenture trustees are appointed when the company issues a prospectus or invites more than 500 people.
• They are appointed to protect the interest and redress the grievances of debenture holders.
• Debenture trustees act as custodians of assets and create a charge on assets of the company on behalf of debenture holders.
• In case, the company failed to redemption of a debenture or its interest, then debenture trustees by the order of NCLT can realize the assets and settle the dues.
• Thus, it is rightly said that debenture trustees are appointed by the company for issuing debenture.

i. Cash/Bank Account

ii. Undistributed Loss

iii. Profit and Loss Adjustment Account

iv. Reconstitution of a Partnership

v. Goodwill A/c

On admission of a new partner, the amount of general reserve is shared by old partners only.

This statement accepts 4 value.

Accessing each element of an array at least once to perform any operation is known as “Traversal”. Displaying all the elements in an array is an example of “traversal”.

1. Dividend

2. Court

3. Irredeemable

4. Shareholder

1. Debenture Trust Deed

2. Debenture Trustee

3. 60 days

4. Debenture Trustee

5. 10 years

6. NCLT

7. Debenture Trustee

8. Interest

9. 75%

10. Consent of shareholder

The most important factor of the valuation of goodwill is the profit earning capacity of the firm.

By default, a string ends with \o

Balance = 1 – share of new partner = \(1-\frac{1}{5}\)

= \(\frac{4}{5}\) (Remaining share)

New ratio = Old ratio x Balance of 1

Anika’s New ratio = \(\frac{5}{6}\times\frac{4}{5}=\frac{20}{30}\)

Radhika’s New ratio = \(\frac{1}{6}\times\frac{4}{5}=\frac{4}{30}\)

Sanika’s New ratio = \(\frac{1}{5}\times\frac{6}{6}=\frac{6}{30}\) (Making denominator equal)

∴ New Profit and Loss ratio = \(\frac{20}{30}:\frac{4}{30}:\frac{6}{30}\) = 20 : 4 : 6 i.e. 10 : 2 : 3

Sacrifice ratio = old ratio – New ratio

Anika’s Sacrifice ratio = \(\frac{5}{6}-\frac{20}{30}=\frac{25-20}{30}=\frac{5}{30}\)

Radhika’s Sacrifice ratio = \(\frac{1}{6}-\frac{4}{30}=\frac{5-4}{30}=\frac{1}{30}\)

∴ Sacrifice ratio = \(\frac{5}{30}:\frac{1}{30}\) = 5 : 1

(a) >> , input operator.

(b) << , output operator.

To exit from a switch statement break is used

(a) switch is used to test the equality

i. (a) 12 : 8 : 5

ii. (c) deficit capital

iii. (a) Revaluation Account

iv. (b) Cash/Bank

v. (b) Capital

Cascading of I/O operator.

// USed to write single line comment 

R-value is 33 and L-value is 1001.

Sacrifice Ratio = Old ratio – New ratio

Pramod’s Sacrifice ratio = \(\frac{3}{5}-\frac{4}{9}=\frac{27-20}{45}=\frac{7}{45}\)

Vinod’s Sacrifice ratio = \(\frac{2}{5}-\frac{3}{9}=\frac{18-15}{45}=\frac{3}{45}\)

∴ Sacrifice ratio = \(\frac{7}{45}:\frac{3}{45}\) = 7 : 3.

Then it is known as Nested if

Supply value to a variable at the time of declaration is known as Initialisation.

(b) -32768 to 32767

(a) unsigned app_no;

(d) refer to the value of the variable pointed to by test

L-value (Location value) of a variable.

Yes. It is known as Dynamic declaration.

5. Here post increment first use the value then incremented.

C++ uses OOP concept.

(c) string constant

(c) be a pointer to a double type value

American Standard Code for Information Interchange.

(d) special characters can be used