Assertion (A) Accounting information refers to only events which are concerned with business firm.
Reason (R) Accounting information is presented in financial statements.

Which method has been specially designed to provide funds for replacement of assets?

Capital at the beginning of the year Rs. 10,500, Annual drawing Rs. 6,500, Additional capital introduced during the year Rs. 3,500. What will be capital at the end if there is no profit or loss?

X, Y and Z share profit and losses in the ratio of 5 : 3 : 2, Z retires and his share is taken by X and Y in the ratio of 1 : 2. The new profit-loss sharing ratio between X and Y will be:

Match List-I with List-II and select your answer:
List-I List-II
a. Shareholders 1. Creditors of the company
b. Debenture holders 2. Paid at the end of a predetermined period
c. Redeemable Debenture 3. Joint owners of the company
d. Bearer 4. Transferred by Debenture mere delivery

A company, A Ltd., issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares, and pro-rata allotments were made on the applications of 2,400 shares. If A was allotted 40 shares, for how many shares he must have applied?