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Q. The accounting procedure at the retirement of partner is valued:

Q. A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?

Q. The adjusting entry for difference between the invoice price and cost price of goods are shown in ________

Q. The persons who have entered into a partnership business are individually called:

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

Q. At the time of admission an incoming partner contributes as goodwill:

Q. Redeemable Preference shares can be redeemed out of __________

Q. In profit and loss account, if credit is more than the debit, the difference is

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

Q. Branch Trading &Profit & Loss A/c is only a _________ account not forming part of the full accounting system.