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Q. Managing committee of every Society shall prepare annual statement of accounts within…………… days.

Q. ……………… ratio indicates the relationship of gross profit to net sales in terms of percentage.

Q. In single entry system it’s difficult to operate …………….system

Q. A memorandum trading account is to be prepared to ascertained the value of stock on the date of fire.

Q. The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.

Q. AS – 7 deals with accounting for Government grants.

Q. A 25 focuses on change in accounting policies also.

Q. An assets becomes non performing when it to generate income for bank.

Q. Dependent branch doesn’t keep any book of account as their entire Accounting work is performed by the head office.

Q. Revised AS 15 – Employees benefits is applicable in respect of accounting periods commencing on or after 1st April ----------