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

Q. Drawings of the partners are:

Q. Cost concept basically recognises ____

Q. Shareholders get:

Q. Right shares are issued to _________ shareholders

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

Q. Profit and loss account is a

Q. In the revaluation account an increase in the value of land and building:

Q. Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.

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: