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

Q. Stock and debtors system is generally used when goods are sent to the branch at _____

Q. Capital A/c is a _______ A/c.

Q. ____________ account shows the shortage or surplus of stock.

Q. Preference shares have priority over equity shares for

Q. Goods in transit are shown in the balance sheet at ______

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

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

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

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