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Q. Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:

Q. If nothing is written about the accounting assumption to be followed it is presumed that

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. Capital of the partners are maintained by:

Q. All branch expenses such as rent, salary are paid by H.O in case of:

Q. The balance of branch adjustment account is transferred to _________ account

Q. H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?

Q. Under debtors system which account is prepared by head office to calculate profit or loss of each branch:

Q. At the time of dissolution non – cash assets are credited with:

Q. Dependent branch makes: