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Q. The profit on reissue of forfeited shares is transferred to

Q. Total sales book indicates

Q. Ledger is also called

Q. On Amalgamation, Profit & Loss A/c (Dr.) balance of the vendor company is closed by___________

Q. _________ deals with the depreciation account.

Q. While checking the accounts of ABC the following discrepancies were noticed, even though the Trial Balance was made to balance by putting the difference to Suspense A/c. (i) Sales day book for the month of June‘12 was found overcast by ` 7,000. (ii) A credit purchase of ` 3,000 was omitted to be recorded in the days book. (iii) ` 4,300. Received from A credited to A A/c ` 3,400. (iv) Purchase of Office Equipment worth ` 5,000 included in trading purchases. From the above details what would have been the difference in Trial Balance which was made to balance by opening Suspense A/c.

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

Q. The amount of Owners‘ equity in a business is not affected by

Q. The amount payable to a person as consideration for the use of rights vested in him is