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

Q. The balance of branch adjustment account is transferred to _________ account

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

Q. In income measurement & recognisation of assets & liabilities which of the following concepts goes together?

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

Q. Small items like, pencils, pens, files, etc. are written off within a year according to ___ concept.

Q. An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:

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

Q. To issue shares on Discount mean

Q. Redeemable Preference shares can be redeemed out of __________