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Q. _______ is root cause for financial accounting

Q. The agreement among partners which set out the terms on which they had agreed to form a partnership is called:

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

Q. Current accounts of the partners should be opened when the capitals are:

Q. H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______

Q. Old profit sharing ratio minus new profit sharing ration is equal to:

Q. Under debtors system which account is prepared by head office to calculate profit or loss of each branch:

Q. Redeemable Preference shares can be redeemed out of __________

Q. As per the SEBI guidelines, on issue of shares, the application money should not be less than

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.