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Q. Goods are sent to branch at cost plus 20%. If closing stock of the branch is Rs 60,000 at invoice price, Rs ______ will be credited to stock reserve a/c.

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

Q. Small items like, pencils, pens, files, etc. are written off within a year according to ___ concept.

Q. If a partner takes over an asset of the firm, his capital account:

Q. If the minimum subscription is not received by the company, then the refund of application money should be made within ______ days.

Q. The written agreement of partnership is called:

Q. Which of the following is not a statistical book of a company?

Q. Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:

Q. If the remaining partner want to continue the business, after the retirement of a partner, a new partnership agreement:

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