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Q. Capital included in the Total of Balance Sheet of a Company is called :

Q. An exclusive right given to an entity of individual or business firm to manufacture or sell an invention is known as Sol:

Q. Which of the following is a liability of a firm?

Q. The process of balancing of an account involves equalization of both sides of the account. If the debit side of an account exceeds the credit side, the difference is put on the credit side. The said balance is (i) A Debit balance (ii) A Credit balance (iii) An expenditure or an Asset (iv) An Income or a Liability

Q. Break-even indicates Sol:

Q. Creditors account is prepared to ascertain

Q. The profits of the last three years is55000,50000,45000. Value of goodwill of 2 years purchase of average profit is Sol:

Q. When provision for depreciation account is maintained, the amount of depreciation is debited to

Q. In the case of joint stock company, goodwill is sown on the asset side under the head

Q. Accumulated depreciation is an example of