1.  Balance sheetof a company is required to be prepared in the format given in _______.

1.  As per Companies Act, the Balance Sheet of a company is required to be presented in __________.

According to prescribed order of assets in a Company’s Balance Sheet ___________ assets should be shown first of all.

Calls inArrears appear in a Company’s Balance Sheet under __________.

Short-term Borrowings appear in a Company’s Balance Sheet under the head ______.

Share Capital of a Company consists of 5,00,000 Shares of ₹10 each, ₹8 called up. All the shareholders have duly paid the called up amount. Share capital will be shown as ___________.

What are super profits ?

Which of the following items are added toprevious year’s profits for finding normal profits for valuation of goodwill?

Following are the methods of calculating goodwill except ___________.

The goodwill of the firmis not affected by ________.

(a)   The entry to close the interest charged on Partners’ Current A/c will be:

Goodwill is a fictitious asset

Average profit method”takes into consideration the future maintainable profits.

Under ________________  method, goodwill is the excess of capitalized value of business over actual capital employed.

The solvency position of any firm is determined and measured with the help of ________________________.

Short-termBorrowings appear in a Company’s Balance Sheet under the head __________.

1.     Provision for Tax appears in a Company’s Balance Sheet under the Sub-head __________.

Fluctuating capital account is credited with ________.

In the absence of an agreement to the contrary, the partners are __________.

Which of the following items are recorded in the Profit & Loss Appropriation Account of a partnership firm?