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Q. Branch Trading & Profit & Loss A/c is prepared to incorporate all _____

Q. Securities premium account can be used for

Q. Valuation of stock in accounting follows the principle of cost price or ____ whichever is lower.

Q. H.O. sent Rs 5000 as petty cash to branch during the year. Opening and closing balances of petty cash was Rs 1400 and Rs 400 respectively. Then petty expenses of the branch during the year will be ______

Q. Under fixed capital methods, profit will be credited to:

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

Q. A person who receives a share of profits from one of the regular partner is called:

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

Q. Which of the following provide frame work and accounting policies so that the financial statements of different enterprises become comparable.

Q. The members of partnership firm are individually called as: