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

Q. Bonus shares are issued by ________ free reserves

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

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

Q. If the minimum subscription is not received by the company, then the refund of application money should be made within ______ days.

Q. Forfeited shares to become ________

Q. A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?

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

Q. On the retirement of a partner any reserve being should be transferred to the capital account of:

Q. All the transactions measurable in the terms of money are recorded in accounts is according to