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Q. At the time of admission of a new partners general reserve appearning in the old Balance Sheet is transferred to:

Q. Outstanding expenditure is a __________ account.

Q. Which column of Cash Book is never balanced.

Q. As per Table A of the companies act, the interest on calls in advance is

Q. Which of the following statements is false?

Q. Creditors account is prepared to ascertain

Q. Which of the following statements best describes the purpose of depreciation?

Q. The accounting process of gradually converting the unexpired cost of fixed assets into expenses over a series of accounting periods is

Q. Which goodwill is recorded in the books of Accounts Sol:

Q. Return outwards book is known as