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Q. Loss on realization is distributed among partners:

Q. At the time of admission an incoming partner contributes as goodwill:

Q. Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.

Q. Mr. X sold goods to Mr. Y ask Mr. X to keep the goods with him for some time

Q. When a partner dies, firm will receive the:

Q. The process of recording financial data upto trial balance is

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

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

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

Q. Under debtors system which account is prepared by head office to calculate profit or loss of each branch: