On the basis of above case, calculate Liquid ratio.

Identify the correct sequence of the following steps involved in calculating cash flows from operating activities of a company:
(A) Operating profit before working capital change
(B) Cash generated from operations
(C) Income tax paid
(D) Net cash flow from operating activities
(E) Goodwill amortised
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Arrange the following in the correct order:
(A) Subscribed Capital
(B) Issued Capital
(C) Authorised Capital
(D) Paid-up Capital
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The Deceased Partner's Capital Account includes the following amount/balances:
(A) Opening balance of his capital
(B) His share of profit/loss till the date of death
(C) His share of General Reserve
(D) His drawings till the date of death
(E) Amount paid to his executors
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Libraries run by charitable trusts are an example of

The main source of revenue for 'not for profit' organisation is:

Match List – I with List – II

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Which of the following would affect the Revaluation Account at the time of reconstitution of a partnership firm?

Identify the correct sequence to be followed while preparing of final account of a partnership firm:
(A) Profit and Loss Appropriation Account
(B) Profit and Loss Account
(C) Trading Account
(D) Balance Sheet
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