At the time of retirement of a partner, calculation of new profit ratio is

The retiring partner should be paid off or the amount due to him, will be treated as his ____ to the firm.

Arrangement of balance sheet in a paper way is known as

ABC Ltd issued 1,00,000 14%  debenture of Rs 100 each. The total amount of interest payable on the debentures will be

Which of the following item of cost is not a part of inventory