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Q. At the time of dissolution non – cash assets are credited with:

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

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

Q. Redeemable Preference shares can be redeemed out of __________

Q. Loss on realization is distributed among partners:

Q. Bonus shares are issued out of _________

Q. The written agreement of partnership is called:

Q. On the retirement of a partner any reserve being should be transferred to the capital account of:

Q. When a partner dies, firm will receive the:

Q. Which of the following reserves which can be utilised to make partly paid shares into fully paid up: