Which of the following are false?

A. Partners are not bound to carry on the business of the firm to the greatest common advantage B. Where a partner is entitled to interest on capital subscribed by him, such interest shall be payable whether or not there are profits C. An outgoing partner has a right to claim a share in the […]

Match List I with List II:- AA3

List I List II a. Inability to pay interest i). Current Ratio b. Liquidity crisis ii). Debtor Turnover Ratio c. Inefficient collection of receivable iii). Interest coverage ratio d. Return of shareholder’s fund being much higher than overall return on investment iv). Debts – Equity ratio

Match List I with List II:- AA2

List I List II (A) Mezzanine Capital (I)It is the speedy source of finance less regulated by the regulatory environment of debt and capital markets (B) Private Equity (II)Its long term capital embraced by the high net worth and high risk appetite investors (C) Global Depository Receipt (III)It is an equity instruments issued in overseas […]

Cost audit for Material covers:

(A) Goods inward procedure (B) Methods of calculating standard cost variance (C) Classification of overhead (D) Accounting for scrap, wastage, materials transfers (E) Accounting treatment of under or over absorption Choose the most appropriate answer from the options given below: