Select the correct option to test your answer:
More Commerce Questions
Income and expenditure account records transaction of . . . . . . . .
Match List-I and List-II and Select the correct answer: List-I List-II a. Loss in business 1. Profit & Loss Adjustment A/c b. Partner loan 2. Joint Life Policy c. Death of Partners 3. Debit balance of Profit and Loss A/c d. Revaluation A/c 4. 6% Interest
Rajiv Limited forfeited 20 shares of Rs. 10 each on which Rs. 6 per share had been paid. Out of these, 10 shares are re-issued as fully paid at a price of Rs. 5.50 per share. The amount to be transferred to Capital Reserve Fund would be:
Marketing strategy development is also known as
Cash book is an example of-