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Q. Amount of retirement benefits of employees exceeding Rs.20,000 per employees is treated as____________

Q. The process of converting foreign subsidiary financial statements into the home currency is known as -------

Q. Issue of shares at a price lower than its face value is called :

Q. Control unit works as ___________ of the computer. Sol:

Q. Which of the following is not a fixed asset

Q. In which of the following methods, the cost of the asset is spread over in equal proportion during its useful economic life?

Q. A bundle of rights given by law to the creators of literary, artistic, dramatic, musical work is known as Sol:

Q. Revenue is generally recognized as being earned at the point of time

Q. ` 4,500 paid to Madan as salary for the month of December‘12, this was debited to his A/c, this is a/an ……………………… error.

Q. Which of the following is a current liability