Accounts – TEST 4 (MCQ Maharashtra-12th Board)
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#1 Under Single Entry System only ________
#2 If any asset is taken over by partner from firm his capital A/c will be _______
#3 When goodwill is raised at its full value and its is written off ______ account is to be credited.
#4 Not for Profit Concerns prepares ________ Account instead of Profit and Loss account.
#5 Excess of proportionate capital over actual capital represents ______
#6 The excess price received over the par value of shares, should be ______ to securities premium a/c/
#7 _________ which are recorded in register of company.
#8 The short term deposits are ________
#9 As per section 69 (3) of the Companies Act, 1956, the minimum amount payable on share application should be _______
#10 The person in whose favor a bill is endorsed is known as _____
