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Q. Opening an account in a computerized accounting system is entirely different from opening an account in a manual system.

Q. Cash Account is a –

Q. ) A Receipts and Payments Account is nothing but a summary of all capital receipts and payments.

Q. Any profit on sale of a cricket bat of a club will be taken to ________

Q. The process of recording transactions in a journal is known as _______

Q. Software must be easy to……. Sol:

Q. If a part of the issue of share or debenrues is underwritten, it is termed as__________________-

Q. When there is a change in the current partners’ association that results in ending the existing agreement and initiate a formation of a new agreement is known as Sol:

Q. Balance of Income and Expenditure Account shows: Sol:

Q. A debenture holder is entitled to :