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

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

Q. All the transactions measurable in the terms of money are recorded in accounts is according to

Q. The comparison of financial statement of one year with that of another is possible only when _______ concept is followed

Q. Debenture holders are the _____ of the company

Q. If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:

Q. The Market price of good declined than the cost price. Then the concept that plays a key role is ____

Q. An account operated to ascertain the loss or gain at the death of a partner is called:

Q. Right shares are issued to _________ shareholders

Q. The persons who have entered into a partnership business are individually called: