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Commerce Business Finance Difficulty: Medium

The dividend paid on preference share is not deductible expenditure for

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Match the following. List-I List-II a. Gross working capital 1. Difference of current assets and current liabilities b. Net working capital 2. It is referred to as "hardcore working capital" c. Permanent working capital 3. It is the excess of working capital over permanent working capital d. Variable working capital 4. Total current assets The powers of Controller of Capital Issues of India is now shifted to For rural marketing . . . . . . . . pricing is more suitable. A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retires, and his capital after making adjustments for reserves and profits on revaluation is Rs. 2,30,000. A and B agree to pay him Rs. 50,000 in full and final settlement of his claims. The amount of goodwill be The working papers which auditor prepares for financial statements audit are: