Question : If there is no claim against Workmen Compensation Reserve, it is _____ at the time of admission of a partner.

Fill in the blank with the correct answer from the options given below.

Option 1: debited to old partners' capital account.

Option 2: credited to all partners' capital accounts.

Option 3: credited to old partners' capital accounts

Option 4: debited to all partners' capital accounts.

Question : Which year marked the third general election in India?  

Option 1: 1952  

Option 2: 1957  

Option 3: 1962  

Option 4:  1967  

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

Option 1: Increase in assets

Option 2: Drawings against capital

Option 3:  Interest on capital

Option 4: Partner's salary

Question : Arrange the following in the correct order:

(A) Subscribed Capital

(B) Issued Capital

(C) Authorised Capital

(D) Paid-up Capital

(E) Called-up Capital

Choose the correct answer from the options given below:

Option 1: (C), (B), (A), (D), (E)

Option 2: (B), (C), (A), (D), (E)

Option 3: (C), (B), (A), (E), (D)

Option 4: (B), (C), (A), (E), (D)

Question :  Which year marked the third general election in India?  

Option 1: 1952  

Option 2:  1957  

Option 3: 1962  

Option 4: 1967