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Q. Which of the following factor is not considered while selecting accounting policies?

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

Q. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable.

Q. Loss on realization is:

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

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

Q. Which of the following is not the main objective of accounting?

Q. Outstanding salary account is a

Q. Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.

Q. Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be