Question
The retiring partner becomes entitled to get back his dues from the firm that consist of: (i) the balance of his capital and current account at the time of retirement (ii) the share of goodwill, undistributed profit or loss, reserves and profit or loss on revaluation of assets and liabilities (iii) the salary, commission, interest on capital, if any and all other dues till the date of retirement (iv) any adjustment in drawings and interest thereon
More Accounts Questions
- What is the minimum Net Owned Fund (NOF) requirement for an Asset Reconstruction Company (ARC) to commence the business of securitisation or asset reconstr...
- Section 6 of the Negotiable Instrument Act, refers to:
- Annual Return is to be filed by every company within ________ days of its Annual general meeting.
- When two or more companies come together to expand their business operations in a newly created entity, it is called _________.
- A company declares dividend ₹2 per share on 1,00,000 shares. Total dividend payable is:
- Company’s cash book shows ₹1,20,000 (CR) as at year-end. Bank statement shows ₹1,05,000 (CR). Outstanding cheques total ₹20,000 and deposits-in-transit sta...
- What is the primary goal of zero-based budgeting?
- No prospectus shall be valid if it is issued more than ______ days after the date on which a copy thereof is delivered to the Registrar under 26(4) of The ...
- The arrangement of assets and liabilities in accordance with a particular order is known as of balance sheet.
- Under The Foreign Exchange Management Act, 1999, which of the following correctly describes the treatment of current account transactions?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)