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The balance in share forfeiture account, after the reissue of all forfeited shares, should be
In case of dissolution of partnership, the business of the firm __________.
A and B are partners in a firm and share profits and losses in the ratio of 3 : 2. C joins firm as new partner and contributes Rs. 6,000 as premium for goodwill in cash. Here, the premium for goodwill shall be shared by A and B on the basis of new profit sharing ratio, that is 5 : 3 : 2 as
The aggregate of income computed under each head, after giving effect to the provision for clubbing of income and set off of losses is known as
. . . . . . . . is maintained to know how the worker's time shown by the time card is spent on various jobs.