List of practice Questions

State any two objectives of a cash flow statement.
State any five important points which must be incorporated in a partnership deed.
What is hidden goodwill? How is it adjusted on the admission of a partner?
Clarify the difference between disSolutions of a firm and disSolutions of a partnership.
What is meant by listed company?
What do you mean by participating preference shares?
Classify debentures from the point of view of security.
State any two occasions when reconstitution of a partnership firm takes place.
Write two main rights acquired by the new partner.
State any two items of deduction that may have to be made from the amount payable to a retiring partner.
Write two circumstances under which a partnership firm is dissolved.
Current ratio is used to find:
Which accounting standard is related to cash flow statement?
What is meant by "Unlimited liability of a partner"?
Who are the real owners of a company?
A debenture holder is entitled to:
Which statement provides information about the profitability of the company?
A new partner may be admitted into a partnership:
On retirement of a partner, goodwill will be credited to the capital account of:
On disSolutions of a partnership firm, profit or loss on realization is distributed among the partners:
Which is not an essential element of a partnership firm?
Sacrifice ratio means:
If 5 moles of an ideal gas expands from \( 10 \, L \) to a volume of \( 100 \, L \) at \( 300 \, K \) under isothermal and reversible conditions, then work, \( w \), is \( -x \, J \). The value of \( x \) is ______.
(Given \( R = 8.314 \, \text{J K}^{-1} \text{mol}^{-1} \))
From the vitamins \( A, \, B_1, \, B_6, \, B_{12}, \, C, \, D, \, E, \, \text{and} \, K \), the number of vitamins that can be stored in our body is ______.
M/s Ashoka Agency, Kanpur sent the following goods to M/s Kanpuria Brothers, Faizabad:
(1) Ganga Soap (120 tablets in each box) at Rs. 70 per dozen.
(2) 7 boxes Parachute Coconut Oil, each box contains 252 bottles of 200 ml @ Rs. 80 per dozen bottles.
(3) 32 tins Dalda Vanaspati Ghee (each tin of 5 kg) @ Rs. 35 per kg.
(4) 12 boxes Lifebuoy Soap (each box contains 10 dozen soap) @ Rs. 65 per dozen. 7.5% Trade discount is available to the customer.
In sending the goods:
(i) Packing expenses Rs. 12 per box (Rs. 2 per tin on Vanaspati Ghee).
(ii) Cart expenses Rs. 80.
(iii) Railway freight Rs. 320.
(iv) Insurance expenses Rs. 120.
Based on the above details, prepare the invoice in proper format.