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Q. Old profit sharing ratio minus new profit sharing ration is equal to:

Q. An account operated to ascertain the loss or gain at the death of a partner is called:

Q. A person who declares by word of mouth as partner of the firm is called:

Q. Value of goods withdrawn by the proprietor for his personal use should be credited to ____

Q. For finding the amount of sundry expenses paid by the branch, the following a/c should be prepared.

Q. Which of the following factor is not considered while selecting accounting policies?

Q. An ordinary partnership business can have:

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

Q. Under the stock and debtor system, Branch A/c is treated as ______

Q. _______ is root cause for financial accounting