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Q. Cost concept basically recognises ____

Q. Redeemable Preference shares can be redeemed out of __________

Q. To issue shares on Discount mean

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

Q. According to which concept, the proprietor pays interest on drawings

Q. Matching concept means

Q. Dividing the expenditure into capital and revenue is according to

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

Q. H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?

Q. The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C