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Q. Under the stock and debtor system, Branch A/c is treated as ______

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

Q. At the time of admission of a new partner, general reserve is:

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

Q. Which of the following statement is false:

Q. The profit included in surplus or shortage of stock is transferred to ______ account

Q. Goods are supplied by the head office to dependent branches are at:

Q. Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:

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

Q. After the issue of forfeited shares, balance of forfeited shares account Is transferred to