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Q. Unless otherwise stated, a preference share is always deemed to be :

Q. The depreciation of Fixed Assets is converted at rate________________

Q. The ____________ in a ledger helps in locating the accounts contained in it

Q. The process of transfer of entries from day book to ledgers is called _______________

Q. Which of the following assets is/are to be valued at the lower of cost and net realizable value?

Q. Branch account under debtors system is a _______ account

Q. All receipts of capital nature are shown in : Sol:

Q. Net worth of business means

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

Q. Sold machinery worth Rs 10000 to Ramesh.it is entered in the