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Q. Value of goods withdrawn by the proprietor for his personal use should be credited to ____

Q. A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?

Q. An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:

Q. Matching concept means

Q. Loss on realization is distributed among partners:

Q. The process of recording financial data upto trial balance is

Q. The agreement among partners which set out the terms on which they had agreed to form a partnership is called:

Q. H.O. has sent goods on invoice price worth Rs 2,40,000 which are 25% above cost price. What is the loading element?

Q. Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:

Q. At the time of admission of a new partner, general reserve is: