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

Q. Forfeited shares to become ________

Q. Debentures can be issued only

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

Q. The difference between goods sent by H.O. and received by branch is known as _______

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

Q. The Branch Account prepared under Final Account System is the nature of:

Q. The partnership may come to an end due to the:

Q. Any partner who investments in the business but does not take active part in the business is:

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