A limited liability company forfeited 30 shares of Rs. 10 each (fully called-up) for non payment of allotment amount of Rs. 3 per share and call amount of Rs. 4 per share. These shares were re-issued at Rs. 8 per share. In such situation amount transferred to capital reserve will be

X, Y and Z are partners in the ratio $$\frac{1}{2}:\frac{2}{5}$$   and $$\frac{1}{{10}}$$. If X retires then what is the profit sharing ratio between remaining partners?

If out of net annual income of the year Rs. 42,000 the preference dividend and equity dividend paid are Rs. 7,000 and Rs. 24,000 respectively, and total equity capital be Rs. 1,40,000 the return on equity capital will be:

Which of the following items should not be entered in Receipts and Payments Account of a club:

An increase in current liabilities in the schedule of changes in working capital shows