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Q. This is the feature of Intangible assets Sol:

Q. The excess of assets over liabilities in non-trading concerns is termed as: Sol:

Q. Short working is a type of taxes paid by the lessee Sol:

Q. Royalty accounting is covered under Companies Act 1956 Sol:

Q. To find out credit sales which account should be prepared

Q. When there is no Goodwill Account in the books and goodwill is raised,…………….account will be debited Sol:

Q. Cash received from debtors would be deemed as ………… of funds.

Q. Unclaimed dividend is shown in the B/S under the head

Q. The following statement stands true when intangible assets are compared to the current assets Sol:

Q. Amount received from the proprietors as capital or loan receipt is treated as-