Accounts – TEST 4 (MCQ Maharashtra-12th Board)

Accounts – TEST 4 (MCQ Maharashtra-12th Board)

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#1. When goodwill is raised at its full value and its is written off ______ account is to be credited.

#2. Excess of proportionate capital over actual capital represents ______

#3. The short term deposits are ________

#4. _________ which are recorded in register of company.

#5. As per section 69 (3) of the Companies Act, 1956, the minimum amount payable on share application should be _______

#6. The excess price received over the par value of shares, should be ______ to securities premium a/c/

#7. The person in whose favor a bill is endorsed is known as _____

#8. Under Single Entry System only ________

#9. Not for Profit Concerns prepares ________ Account instead of Profit and Loss account.

#10. If any asset is taken over by partner from firm his capital A/c will be _______


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