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

Q. Cost concept basically recognises ____

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

Q. The stock reserve for unrealised profit will be ________ to the H.O profit & Loss A/C

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

Q. H.O. sent goods to branch at invoice price 50% plus on original price. How many percentage of profit will be on Invoice price?

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

Q. While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as

Q. A company can issue share at a discount if

Q. In the absence of an agreement profit and loss are divided by partners in the ratio of: