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Q. Any partner who investments in the business but does not take active part in the business is:

Q. The written agreement of partnership is called:

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

Q. Which of the following factor is not considered while selecting accounting policies?

Q. Capital A/c is a _______ A/c.

Q. Forfeiture of shares results in compulsory termination of ______ due to non-payment of allotment/call money

Q. Under fixed capital methods, profit will be credited to:

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. In income measurement & recognisation of assets & liabilities which of the following concepts goes together?

Q. Loss on realization is: