Before distributing cash amongst partners whatever profit or loss and reserves as per the balance sheet

Related MCQs

• If there is Debit balance of any one partner's capital account the same will be distributed amongst the remaining partners
• Profit of post-incorporation period is called
• The profit earned from the date of purchase till incorporation is considered as
• If there is a loss prior to incorporation, it will be debited to
• In order to find out additional capital of any partner as per surplus capital method of a particular partner whose proportional capital compared to other partner's capital is
• The maximum rate of interest paid by a company on Calls- in-advance as per Table 'A' is
• The maximum rate of interest received by a company on Calls-in-arrears as per Table 'A' is
• Director's salary is divided between prior period and post incorporation period in
• Interest accrued and not due is shown under the head
• Interest accrued and not due on unsecured loan is shown under the head