Question : The personal income of households can be calculated in which of the following ways?

Option 1: National income + Undistributed profits – Net interest payments – Corporate tax + Transfer payments from the government and firms.

Option 2: National income – Undistributed profits – Net interest payments – Corporate tax + Transfer payments from the government and firms.

Option 3: National income – Undistributed profits + Net interest payments – Corporate tax –Transfer payments from the government and firms.

Option 4: National income – Undistributed profits – Net interest payments – Corporate tax –Transfer payments from the government and firms.

Question : Which one of the following is not included in current revenue of the union government ?

Option 1: Tax revenue

Option 2: non tax revenue

Option 3: Loans

Option 4: Interest payments

Question : On firm dissolution, which one of the following accounts should be prepared at the last?

Option 1: Realization account

Option 2: Partner's capital account

Option 3: Partner's loan account

Option 4: Cash account

Question : On firm dissolution, which one of the following accounts should be prepared at the last?

Option 1: Realization account

Option 2: Partner's capital account

Option 3: Partner's loan account

Option 4: Cash account

Question : When a new partner is admitted the balance of 'General Reserve' appearing in the Balance Sheet at the time of admission is credited to

Option 1: Profit and Loss Appropriation Account

Option 2: Capital Accounts of all the partners

Option 3: Capitals Accounts of Old Partners

Option 4: Revaluation Account