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Q. To issue shares on Discount mean

Q. If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?

Q. Redeemable Preference shares can be redeemed out of __________

Q. For the firm interest on drawing is:

Q. Amount due to outgoing partner is shown in the balance sheet as his:

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

Q. Cash A/c is a ________ A/c.

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

Q. In the revaluation account an increase in the value of land and building:

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