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Q. Cancelation of shares mean

Q. Under fixed capital methods, profit will be credited to:

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

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

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

Q. In the revaluation account a decrease in the value of plant and machinery:

Q. Shareholders get:

Q. Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?

Q. Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be

Q. Debenture holders have right to receive _______ even if there is no profit