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

Q. Cost concept basically recognises ____

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

Q. The Market price of good declined than the cost price. Then the concept that plays a key role is ____

Q. Capital A/c is a _______ A/c.

Q. Dependent branch makes:

Q. At the time of dissolution non – cash assets are credited with:

Q. Goods are supplied by the head office to dependent branches are at:

Q. Debit the receiver & credit the giver is _____ account

Q. Mr. X sold goods to Mr. Y ask Mr. X to keep the goods with him for some time