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Q. In the absence of an agreement, Interest on loan advanced by the partner to the firm is allowed at the rate of:

Q. Stock and debtors system is generally used when goods are sent to the branch at _____

Q. At the time of a new partner Goodwill:

Q. Mr. X sold goods to Mr. Y ask Mr. X to keep the goods with him for some time

Q. A company can issue share at a discount if

Q. If nothing is written about the accounting assumption to be followed it is presumed that

Q. The comparison of financial statement of one year with that of another is possible only when _______ concept is followed

Q. In case of retirement of a partner full good will is credited to the accounts of:

Q. All revenue incomes are credited to

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: