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Q. The principle “Debit the receiver and credit the giver” is related to_____

Q. Dependent branch makes:

Q. When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.

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

Q. Small items like, pencils, pens, files, etc. are written off within a year according to ___ concept.

Q. In final account system, Branch Trading and Profit & Loss A/c is prepared at ________

Q. Which accounting concept specifies the practice of crediting closing stock to the trading account?

Q. H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______

Q. Commission paid is a

Q. In profit and loss account, if credit is more than the debit, the difference is