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#1 Debit balance of current account of a partner appears on ________ side of balance sheet.
#2 _____ is acknowledgment of debt under common seal of company
#3 When shares are forfeited, share capital account is _______
#4 The common size statement requires _________.
#5 Krishna and Balram, who are equal partners, admit Arjun into partnership for ¼ th share, their new profit sharing ratio will be
#6 For sports club, expenditure on the purchase of sports machinery / equipment’s is a ________
#7 A person on whom a bill of exchange is drawn, is called as _______
#8 In _____ book – keeping system, in every business transactions we find two accounts.
#9 Purchase of stationery is____________ expenditure
#10 Interest on Calls – in = arrears is ________ for the company