Cash A/C----dr 200 Bad debt A/C----dr200 To Suresh A/C 400

Salary due, but not paid

Depreciation is a non-cash expenditure. It reduces the value of assets.it affects the profitability of the company.

Assets is the difference between total liabilities less total current assets etc.here total liabilities is, capital rs.50000/- +rs.65000/-(total creditors)= rs.115000/- less cash balance rs.8000/- = rs.107000/-. Assets were realised 129% less than rs.107000/- i.e. rs.138030/-which is less than value of assets.so the loss on realisation will be rs.138030/- less  rs.107000/-= rs.31030/-.

True and fair view gives a reasonable opinion of the auditor whether the financial statements/records as audited by him are proper to his knowledge based on the checking done by him on test basis as checking all the records i.e. 100% checking is not possible by him.

Outstanding Salary is a liability on the part of the employer as it is yet to be paid and the Journal Entry for the same at the time of payment will be as follows :- Salary A/c Dr.. To Cash/Bank A/c

Premises means Building. It is an fixed asset. It is a Real account. 

As per partnership act it has to have 2 minimum member to start partnership business

Third Generation of Computers:

The Third generation computers were faster, smarter, and user friendly compared to previous computers.

These generations of computers were far more advanced than their counterparts as they used and utilized Integrated Circuit IC as their main component.

The IC was advanced technology at that time and therefore increased speed and efficiency, outsmarting the other computers in the market.

Fourth Generation of Computers:

These 4th generations of computers were more reliable and user-friendly than other generations.

They used microprocessors as their main component and installed them in their circuit, which enhanced the overall performance like speed, accuracy, efficiency, and reliability.

The microprocessor increased the computer’s speed, making them multitask, and multiprogramming eventually increased the overall performance.

Practically company does not to this practice. It only buy back its share or debentures from open market to reduce its liability.