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Q. Debit the receiver & credit the giver is _____ account

Q. If nothing is written about the accounting assumption to be followed it is presumed that

Q. According to sec. 100(1)(c) of the companies act, a company can pay back share capital which is in excess of need if:

Q. Trading account is a

Q. In income measurement & recognisation of assets & liabilities which of the following concepts goes together?

Q. A new partner may be admitted to a partnership:

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

Q. Debenture holders are the _____ of the company

Q. The system of keeping accounts generally adopted by small size branches are:

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