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Q. Debentures represent the _________

Q. The system of keeping accounts generally adopted by small size branches are:

Q. All revenue incomes are credited to

Q. When Branch pays expenses for H.O. the following account is debited in the books of the branch _______

Q. Old profit sharing ratio minus new profit sharing ration is equal to:

Q. The profit included in surplus or shortage of stock is transferred to ______ account

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

Q. Forfeiture of shares results in compulsory termination of ______ due to non-payment of allotment/call money

Q. Fixed assets are double the current assets and half the capital. The current assets are Rs.3,00,000 and investments are Rs.4,00,000. Then the current liabilities recorded in balance sheet will be

Q. If no provision is made in agreement regarding the duration of the partnership: