From the following details, calculate the interest coverage ratio:
LIST I | LIST II | ||
A | Profit sharing Ratio | I | No payment |
B | Interest on partner's Loan | II | With consent of all existing partners |
C | Admission of a Partner | III | 6% p.a. |
D | Interest on Capital | IV | Equal |
List-I (Name of account to be debited or credited, when shares are forfeited) | List-II (Amount to be debited or credited) |
---|---|
(A) Share Capital Account | (I) Debited with amount not received |
(B) Share Forfeited Account | (II) Credited with amount not received |
(C) Calls-in-arrears Account | (III) Credited with amount received towards share capital |
(D) Securities Premium Account | (IV) Debited with amount called up |