Question

Answer in one sentence only. (5)

1. What is CAS?

2. What is capital deficiency?

3. What do you mean by pre received income?

4. What is Benefit ratio?

5. In which ratio general reserve is distributed on death of a partner?​

Answer 1

Call - chemical Abstract survice

Answer 2

Answer:

1 Creativity, Activity, Service is a mandatory core component of the IB Diploma Programme. It aims to provide a 'counterbalance' to the academic rigour of the educational programme.

2 The debit balance of an insolvent partner's capital account that cannot be satisfied due to lack of surplus balance is called capital deficiency. This deficiency is to be borne by all the solvent partners in their profit sharing ratio.

3 Income which is received by the partnership firm before it is due is called pre received income.

4 A benefit-cost ratio (BCR) is a ratio used in a cost-benefit analysis to summarize the overall relationship between the relative costs and benefits of a proposed project. BCR can be expressed in monetary or qualitative terms.

5 General reserve is distributed on the death of a partner in their old profit sharing ratio.