Credit balance of $partners^{\prime} current account is$ what?

1.What is the maximum number of members in a banking partnership business?

2.The elements of prime cost are— i. Selling overhead ii. Direct wages iii. Direct expenses Which one is correct?

3.Which of the following is a factory overhead?

4.What is unearned income?

5.For perishable goods, which method of stock valuation is appropriate?

6.Net profit ratio measures—

7.What type of property is Share Premium?

8.What is the company's issued capital?

9.

10.Under the Fixed Capital Method, which accounts are prepared? i. Profit & Loss Appropriation a/c ii. $Partners^{\prime} Capital a/c$ iii. $Partners^{\prime} Current a/c Which one is$ correct?

11.According to Company Law, what is the maximum rate of share premium?

12.If profit is distributed in proportion $\to partners^{\prime}$ capital, how much will Moon receive?