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