1296. The cost of a small calculator is treated as an expense and not shown as an asset in a financial statement of a business entity due to
1297. Ram and Shyam are partners in a firm with capital of Rs. 4,50,000 and Rs. 3,10,000 respectively. They admitted Ganesh as a partner with $${\frac{1}{4}^{{\text{th}}}}$$ share of profit. Ganesh brings Rs. 3,00,000 as his capital. Ganesh's share of goodwill will be
1298. Trade mark, goodwill and building are shown under which head in company's balance sheet?
1299. A . . . . . . . . is used to reflect the changes in purchasing power of money or a whole.
1301. A Ltd. forfeited 500 shares of M of Rs. 10 each fully called-up for non-payment of first call of Rs. 2 per share and final call of Rs. 2 per share. 300 of these shares were reissued at 9 per share, fully paid-up. What amount will be transferred to the Capital Reserve A/c?
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