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Q. Specific donation is: Sol:

Q. A firm’s goodwill is not affected by Sol:

Q. Normally value of closing stock ________ in the trial balance

Q. Which of the following statements is true?

Q. The Balance in receivable as on the date of Balance sheet is converted at rate______________

Q. The security premium will be shown under the heading

Q. Short working is …………. Sol:

Q. The liabilities and assets respectively are rs 87000 and rs 92000.amount of difference will be

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

Q. Gross assets – liabilities will be equal to