Issue and Redemption of Debentures — Accountancy STD 12 Commerce — Question

Assertion :
While preparing Notes to Accounts on Share Capital, Calls-in-Arrears is shown by way of deduction from the Subscribed Capital (Subscribed but not fully paid-up).
Reason (R) :
As per the Companies Act, 2013, Part I of me Schedule III, Calls in Arrears is the other current asset of the company.
Choose the Correct Option from the following:

Assertion (A): Partnership is a business entity which is not separate from its partners in any circumstances.
Reason (R): Partners are mutual agents of each other so far as the business of the firm is concerned.

Assertion (A) :
A new partner brings Capital to get right in the assets of the firm, he also brings premium for goodwill to get the right to share future profits of the firm.
Reason (R) :
A partner may be exempted from the premium for goodwill, in such a case he will bring only his capital amount but he will get both the rights, right to share the assets of the firm as well as right to share the future profits of the firm.
Choose the Correct Option from the following:

Assertion [A] :
When financial statements of several years are compared against a chosen base year, it is called Dynamic Analysis.
Reason [R] :
Horizontal analysis is made to review and analyse the financial Statements for a number of years and it is also known as Time Series Analysis.
Choose the Correct Option from the following:

Assertion [A] :
A portion of uncalled capital of a company to be called only in the event of winding up of the company, is known as Reserve Capital.
Reason (R) :
Company will call the uncalled capital on the due date except the Reserve Capital because It will not be called during the life time of the business. It will be called only the case of winding up.
Choose the Correct Option from the following:

Assertion:
Nipun, a partner in a firm with three partners has advanced a loan of ₹50,000 to the firm in the beginning of financial year without any agreement. He claims an interest on loan @6% p.a.
Reasoning:
In the absence of any agreement/provision in the partnership deed, provisions of Indian partnership Act, 1932 would apply.

Assertion:
If Rohit and Sachin jointly purchase a plot of land, they become the joint owners of the property and not the partners.
Reasoning:
Mere coownership of a property does not amount to partnership.

Assertion [A] :
Debt Equity Ratio of Vinod Ltd. is 2:1. If a Machinery is purchased by the company by issuing 2,00,000 Equity Shares to the Vendors of Machinery, Debt Equity will Decrease.
Reason [R] :
No Change in Debt but Equity is increased.
Choose the Correct Option from the following:

Assertion [A] :
When a running business of other company is purchased, and payment is settled by issue of shares, in such a case, if purchase consideration is less man the net assets, then difference is credited to the Capital Reserve.
Reason (R) :
Capital Reserve is a capital loss for the company.
Choose the Correct Option from the following:

Assertion [A] :
A company has postponed paying suppliers, so that the period-end cash balance appears higher in the books of the company. This is an example of window dressing.
Reason [R] :
Through Window Dressing a company can present a better financial position of the firm than the actual position.
Choose the Correct Option from the following: