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Q. Under debtors system which account is prepared by head office to calculate profit or loss of each branch:

Q. The loss or gain an account of revaluation at the time of retirement of a partner is shared by:

Q. Which of the following branches, taking into consideration the scope of authority and responsibility, prepares its own independent final accounts?

Q. Old profit sharing ratio minus new profit sharing ration is equal to:

Q. Cash a/c is a ______

Q. When a partner dies, firm will receive the:

Q. Which of the following statement is false:

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

Q. Debit the receiver & credit the giver is _____ account

Q. Partners equity is effected due to: