A company has total profit of

$$200,000$$

Taka but net loss of

$$80,000$$

Taka. What could cause net loss despite total profit?

1.What is not recorded in the detailed income statement?

2.Which type of company does not require permission to commence business?

3.In the absence of an agreement, the legal provision for a partnership business is- i. No interest can be charged on $partners^{\prime} capital and withdrawals$ ii. Active partners will not receive salary or commission iii. Partners will not receive interest on loans provided Which one is correct?

4.A company issues shares at par. If instead, shares are issued at a premium, what will be the impact on the financial statements?

5.What type of partner is A?

6.To whom are right shares distributed?

7.To convert debit balance into credit in a partnership current account- i. Increase interest on capital ii. Increase share of profit iii. Increase withdrawals Which one is correct?

8.In a partnership business, $partners^{\prime} liability$ is-

9.What is the issued capital?

10.Mr. Faisal purchased 2,500 shares at 12 Taka each. Face value per share 10 Taka. What is his liability limit?

11.$\alpha$ Company's post-tax profit is 1,00,000 Taka. Tax rate is 50%. What is pre-tax profit?

12.What is sales of the business?