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Commerce Miscellaneous In Commerce Difficulty: Medium

Double entry system is used in which type of accounting:

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Which of the following are shown is profit and loss appropriation account? 1. Salary to staff 2. Salary to partners 3. Interest on capital 4. Fresh capital introduced 5. Share of profit 6. Amount of drawings 7. Interest on drawings Select the correct answer: World Intellectual Property Organization was set up in the year 1970. The headquarters of the company are in: The theory suggesting that the patterns of international trade are determined by factor endowment rather than productivity was propounded by which one of the following? Price of an outstanding bond increases when market rate MM Model of Dividend irrelevance uses arbitrage between: