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Q. Current accounts of the partners should be opened when the capitals are:

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

Q. To issue shares on Discount mean

Q. The persons who have entered into a partnership business are individually called:

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

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

Q. For any decrease in the value of liability, revolution A/c is to be:

Q. Goods sent by HO but not received by branch before the end of the year, by debiting it to goods in transit, which account should be credited?

Q. Which of the following is not the main objective of accounting?

Q. If nothing is written about the accounting assumption to be followed it is presumed that