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

Q. Outstanding salary account is a

Q. _______ is root cause for financial accounting

Q. If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:

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

Q. The profit included in surplus or shortage of stock is transferred to ______ account

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

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

Q. Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.

Q. Redeemable Preference shares can be redeemed out of __________