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Q. Most of the farming transactions are transacted on ……………..basis.

Q. The ratios which reveal the final result of the managerial policies and performance is…………..

Q. The closing balance of book debts account is ascertained by preparing branch ………………Account.

Q. If value of stock on date of fire is 420000, salvage is 10000 then stock destroyed by fire will ………………

Q. A policy of fire insurance is intended to protect the assured against the loss caused by fire.

Q. Stock and Debtors method of branch accounting is generally used where branch turnover is substantially

Q. If Net Profit is Rs. 400000 Insured Standing Charges is Rs. 320000 Sales of The Previous year is Rs. 3600000 Then Gross Profit Rate will be…………

Q. A marine insurance policy is taken to cover the claims for loss of stock.

Q. The important objective of Accounting standards is to the …………..diverse accounting policies and practices at present in use in India.

Q. …………………policy cover loss of gross profit sustained as a consequence of business interruption.