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Q. Discount on issue of debentures is shown under the heading in a company's Balance Sheet _______

Q. Revolution A/c is a:

Q. Goodwill is valued as two years purchase of the average profits of three previous years are Rs. 15000, the value of goodwill be:

Q. In the absence of an agreement profit and loss are divided by partners in the ratio of:

Q. For any decrease in the value of liability, revolution A/c is to be:

Q. A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):

Q. ____________ account shows the shortage or surplus of stock.

Q. When shares are forfeited, the share capital account is debited with ________ and the share forfeiture account is credited with __________.

Q. Dependent branch makes:

Q. Any partner who investments in the business but does not take active part in the business is: