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Q. Bank Over draft is shown under the head

Q. Before distributing cash amongst partners whatever profit or loss and reserves as per the balance sheet

Q. Profit of post-incorporation period is called

Q. If there is Debit balance of any one partner's capital account the same will be distributed amongst the remaining partners

Q. When Forfeited shares are reissued, then the discount allowed should be the amount received from old share holders

Q. When all the Forfeited shares are not reissued, then the proportionate amount in must be kept in that account

Q. When shares have been issued at discount, then the proportionate amount of discount on forfeited shares should be

Q. Salesmen's salary is divided between two periods in

Q. When shares are to be redeemed out of profits, a sum equal to nominal amount of shares redeemed is to be transferred to

Q. The Companies Act provides that minimum amount of of the face value of shares must be paid along with the application