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Q. The process of recording financial data upto trial balance is

Q. HO sends goods to branch at 20% profit on invoice price, therefore the percentage of profit on cost comes to ______

Q. According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if:

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

Q. Securities premium account can be used for

Q. Under Final A/c system, the profit or loss made by the branch is determined by preparing

Q. Branch Trading & Profit & Loss A/c is prepared to incorporate all _____

Q. Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.

Q. If no provision is made in agreement regarding the duration of the partnership:

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