61.
50,000 equity shares of Rs. 10 each, issued at Rs. 20, for the purpose of redemption of preference share capital amounting Rs. 7,50,000. How much amount will be transferred to capital redemption reserve?

62.
A and B are partners sharing profits and losses in proportion 2 : 1. They admits new partner C hom they give $${\frac{1}{5}^{{\text{th}}}}$$ share in profits. The new profit sharing ratio will be:

64.
Dissolution of a firm takes place-

66.
Statement I Capital expenditure benefits the current accounting period.
Statement II Capital expenditure will also benefit the next accounting period.

67.
After redemption of debentures, the balance of Debenture Redemption Reserve Account is transferred to

68.
A dominant partner is one: