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Q. Preference shares have priority over equity shares for

Q. Debenture holders have right to receive _______ even if there is no profit

Q. The comparison of financial statement of one year with that of another is possible only when _______ concept is followed

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

Q. Debentures represent the _________

Q. If the opening balance of petty cash is Rs 1000, closing balance is Rs 500 and the petty cash received from HO is Rs 700, then what will be the amount of sundry expenses _____

Q. Cash A/c is a ________ A/c.

Q. Under debtors system which account is prepared by head office to calculate profit or loss of each branch:

Q. In final account system, Branch Trading and Profit & Loss A/c is prepared at ________