Introduction to Partnership and Partnership Final Accounts — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

The expenditure which is non-recurring in nature.

Shares enjoy preferential rights in the matter of payment of dividends and repayment of capital.

Such a capital method in which only Capital Account is maintained for each partner.

The account where the deceased partner’s share in the accrued profit from the date of the last Balance Sheet to the date of his death is adjusted.

An amount by which the proportionate capital of a partner exceeds his actual capital.

Payment of a bill on the due date.

The capital method in which the partner’s Current Account is opened.

The short key is used to save or accept the information.

Amount called up on shares by the company but not received.

A preference share having the right of conversion into equity.