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Q. Bonus shares are issued out of _________

Q. Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be

Q. Amount due to outgoing partner is shown in the balance sheet as his:

Q. Retirement or death of a partner.

Q. The balance of branch adjustment account is transferred to _________ account

Q. At the time of admission an incoming partner contributes as goodwill:

Q. The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C

Q. The persons who have entered into a partnership business are individually called:

Q. According to which concept, the proprietor pays interest on drawings

Q. Under Final A/c system, the profit or loss made by the branch is determined by preparing