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Q. The………………Fund cannot be utilized for payment of dividend as bonus.

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

Q. The dividend is related to the market value of shares in .

Q. Interest paid and payable comes to the……………side of the profit and loss account.

Q. Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.

Q. If Gross profit is Rs. 27000 and Sales Rs. 90000 then gross profit will be ……..

Q. Under pure single entry system only……………..Account are kept.

Q. The computation of loss by fire is very simple taken when a -------------- asset is destroyed

Q. Turnover ratio is also known as .

Q. Liquid asset is determined by