Accounting for ...

Rematerialization of shares means __________.

The means of obtaining financial resources that involves the sale of part of the ownership of the business is called ______.

If separate set of books is maintained and suppliers grant discount at the time of making the payment for purchase of goods, such discount received will be treated as ___________________.

Full form of ESOP is __________.

The balance appearing in the books of a company at the end of the year were: CRR A/c Rs. 50,000; Sccurity Premium Rs. 5,000; Revaluation Reserve Rs. 20,000; P & L A/c (Dr) Rs. 10,000. Maximum amount available for distribution as Bonus Shares will be __________.

A and B enter into a joint venture sharing profits and losses equally. A purchased 5000 Kg of rice @ Rs. 25/kg. B purchased 1000 kg of wheat @ Rs. 30/kg. A sold 1000 kg of wheat @ Rs. 35/kg and B sold 5000 kg of rice @ Rs. 30/kg. What will be the final remittance ?

The adjustment to be made for interest on capital is _________________.

C consigned goods costing Rs 6,000 to his agent. Freight and insurance paid by consignor Rs 200. Consignee's expenses Rs 200. 4/5th of the goods were sold for Rs 3,000. Commission 2% on sales. Consignee wants to settle the balance with the help of a bank draft. The amount of draft will be _______________.

A and B enter into a joint venture to underwrite the shares of a company which make an equity issue of 100,000 shares ofRs. 10 each. 80% of the issue was subscribed by the public. The profit sharing ratio between A and B is 3:2 . The balance shares not subscribed by the public were purchased by A and B in profit sharing ratio. How many shares is purchased by B?

Mr. A had a beginning credit balance of Rs. 21,000 in his capital account.At the close of the period his drawing account had a debit balance of Rs. 2,200. On the end-of-period balance sheet, his capital balance is Rs. 32,000. If he contributed an additional Rs. 2,000 to the firm during the period, the period's net income is  _______________.