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Q. Which one of is most likely to have the lowest rate of stock turn:

Q. Which of the following is true?

Q. If vendors are issued fully paid shares of 1,25,000 in consideration of net assets of ?1,50,000, the balance of 25,000 will be credited to :

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

Q. In peicemeal distribution of cash, the first external liabilities to be paid are…

Q. rights/ Duties of partners are governed by_______________

Q. It refers to the system of recording, organising, summarising, analysing, interpreting and communicating the financial data of a business. Sol:

Q. Gross assets – liabilities will be equal to

Q. Trading account is a _______ account

Q. Which of the following statement is false? Sol: