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Q. Under fixed capital methods, profit will be credited to:

Q. The persons who have entered into a partnership business are individually called:

Q. Value of goodwill agreed upon Rs. 30000 on C, S admission and allowing him ¼ share of total profit Goodwill is brought in cash, the amount of goodwill be as:

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. When a partner dies, firm will receive the:

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

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

Q. Small items like, pencils, pens, files, etc. are written off within a year according to ___ concept.

Q. As per accrual concept, which of the followings is not true

Q. Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______