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Q. As per accrual concept, which of the followings is not true

Q. Partnership is formed by the partners by:

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

Q. If all the partners, but one are insolvent it is:

Q. Mr. X sold goods to Mr. Y ask Mr. X to keep the goods with him for some time

Q. Which accounting concept specifies the practice of crediting closing stock to the trading account?

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

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

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

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