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 : 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

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 : Libraries run by charitable trusts are an example of:

Option 1: Partnership

Option 2: Not for profit organisation

Option 3: Companies

Option 4: Cooperatives

Question : Arrange the following steps in the correct sequence of the life of a company :

(A) Commencement of Business

(B) Incorporation

(C) Promotion

(D) Floatation

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 : Dividend received is

Option 1: Operating activity

Option 2: Financing activity

Option 3:  Investing activity

Option 4: Cash and cash equivalents