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

Q. Co-operative societies is an example of

Q. Dividing the expenditure into capital and revenue is according to

Q. Under Final A/c system, the profit or loss made by the branch is determined by preparing

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

Q. Which accounting concept specifies the practice of crediting closing stock to the trading account?

Q. When Branch pays expenses for H.O. the following account is debited in the books of the branch _______

Q. If the opening balance of debtors is Rs 16,000 and closing balance is Rs 80,000, cash received from debtors is Rs 35,000 and bad debts is Rs 1,000, then what will be the amount of credit sales?

Q. If a partner takes over an asset of the firm, his capital account:

Q. Interest earned is a