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Q. Bonus shares are issued by ________ free reserves

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

Q. Partners equity is effected due to:

Q. The members of partnership firm are individually called as:

Q. Partnership is formed by the partners by:

Q. At the time of admission of a new partner the firm is:

Q. HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price

Q. The comparison of financial statement of one year with that of another is possible only when _______ concept is followed

Q. Trading account is a