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Q. A new partner may be admitted to a partnership:

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

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

Q. Goodwill of the firm is valued Rs. 30000. C an incoming partner purchase ¼ share of total profit Goodwill be raised in the books.

Q. Loss on realization is distributed among partners:

Q. When Branch pays expenses for H.O. the following account is debited in the books of the branch _______

Q. HO sends goods to branch at invoice price after adding 25% on cost price, so profit would be ___ % of invoice price

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

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

Q. The principle “Debit the receiver and credit the giver” is related to_____