Question : Arrange the following in the correct sequence in the context of debenture.

(A) Payment to debenture-holders

(B) Creation of DRR

(C) Issue of debentures

(D) Redemption becomes due

Choose the correct answer from the options given below:

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

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

Option 3:  (B), (A), (D), (C)

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

Question : The journal entry for treatment of goodwill, when a new partner brings his share of goodwill in cash and one of the old partners gains, involves the following :

(A) Gaining Partner's Capital Account is debited

(B) Premium for Goodwill Account is debited

(C) Sacrificing Partner's Capital Account is credited

(D) Gaining Partner's Capital Account is credited

Choose the correct answer from the options given below:

Option 1: (A), (B) and (D) only

Option 2: (A), (B) and (C) only

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

Option 4:  (B), (C) and (D) only

Question : Which one of the following are correct in connection with the Common Size Statement?

(A) Expressed as a percentage on revenue from operation

(B) Horizontal analysis

(C) Vertical analysis

(D) Expressed as a percentage on total assets

Choose the correct answer from the options given below:

Option 1: (A), (B) and (D) only

Option 2:  (A), (B) and (C) only

Option 3: (A), (C) and (D) only

Option 4: (B), (C) and (D) only

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 of the following would affect the Revaluation Account at the time of admission of a partner?

(A) Increase in assets

(B) Drawings against capital

(C) Recording of unrecorded assets

(D) Decrease in liabilities

Choose the correct answer from the options given below:

Option 1: (A), (B) and (C) only

Option 2: (A), (B) and (D) only

Option 3: (A), (C) and (D) only

Option 4: (B), (C) and (D) only