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Q. To issue shares on premium mean

Q. Profit and loss account is a

Q. Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?

Q. Valuation of stock in accounting follows the principle of cost price or ____ whichever is lower.

Q. In the absence of an agreement profit and loss are divided by partners in the ratio of:

Q. In case of retirement of a partner full good will is credited to the accounts of:

Q. The adjusting entry for difference between the invoice price and cost price of goods are shown in ________

Q. While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as

Q. At the time of admission of a new partner, general reserve is:

Q. The partnership may come to an end due to the: