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Q. Impairment assets is nothing but………………….in the value of assets

Q. All sums of…………….received and expended by the Society and the matters in respect of which receipts and expenditure take place.

Q. Under the………………… entry system personal accounts, cashbook and other subsidiary books are kept separately.

Q. A co-operative Society may createout of its net profit for payment of bonus to person who are not its members.

Q. If Gross profit is 600000, sales is Rs. 15,00,000 then gross profit ratio will be …………..

Q. AS 15 deals with the accounting for retirement benefits in the financial statements of --------------

Q. Under Stock and Debtors System general income is credited to ………..account

Q. The main function of a banking company are to accept deposits of money from the public and to lend or invest these deposits.

Q. If value of Insurance Policy is 63000, Stock on date of Fire is 72000 and Loss of stock is 54000 then Amount of Claim for stock will be ……………

Q. General insurance business in India is transacted by Life Insurance Corporation of India.