Question : When such a dividend is declared (i.e. approved) in the AGM, choose the correct Journal entry

Option 1: Surplus, i.e., Balance in Statement of Profit and Loss A/c ...Dr.
To Dividend Payable

Option 2: Dividend payable A/c Dr
To surplus is statement of profit and loss account

Option 3: Dividend paid A/c Dr
To Trading Account

Option 4: None of the above

Question : When such a dividend is declared (i.e. approved) in the AGM, choose the correct Journal entry

Option 1: Surplus, i.e., Balance in Statement of Profit and Loss A/c ...Dr.
To Dividend Payable

Option 2: Dividend payable A/c Dr
To surplus is statement of profit and loss account

Option 3: Dividend paid A/c Dr
To Trading Account

Option 4: None of the above

Question : Choose the correct Journal entry, when deceased partners share is loss:

Option 1: Deceased Partner’s  Capital A/c ...Dr.

To Profit and Loss Suspense A/c

Option 2: Deceased partner’s capital account Dr 

To profit and loss Adjustment Account

Option 3: Deceased partner’s capital Account Dr 

To profit and loss account 

Option 4: None of the above

Question : Choose the correct Journal entry, when deceased partners share is loss:

Option 1: Deceased Partner’s  Capital A/c ...Dr.

To Profit and Loss Suspense A/c

Option 2: Deceased partner’s capital account Dr 

To profit and loss Adjustment Account

Option 3: Deceased partner’s capital Account Dr 

To profit and loss account 

Option 4: None of the above

Question : A, B and C are partners sharing profit and losses in the ratio 2: 3: 4. On 31st December 2022. A retired and B and C decided to share future profit in the ratio of 2: 1. The following balances appeared in the books on this date
Profit and loss (CR) 72,000
General reserve Rs 27,000
The correct journal entry for the above will be .........

Option 1: General reserve A/c.........Dr 27,000
Profit and loss A/c............Dr 72,000
To A's capital a/c 33,000
To B's capital a/c 33,000
To C's capital A/c 33,000

Option 2: General reserve A/c........Dr 27,000
Profit and loss A/c...........Dr 72,000
To A's capital a/c 22,000
To B's capital a/c 33,000
To C's capital A/c 44,000

Option 3: General reserve A/c........Dr 27,000
Profit and loss A/c..........Dr 72,000
To B's capital a/c 33,000
To C's capital A/c 66000

Option 4: None of the above

Question : Long-term Borrowings 5,00,000
Long-term Provisions 1,00,000
Surplus, i.e., Balance in Statement of Profit and Loss (Dr.) 1,00,000
Equity Share Capital 2,00,000
General Reserve 2,00,000
Debt to equity ratio will be :-

Option 1: 3:1

Option 2: 2:1

Option 3: 4:1

Option 4: None of the above