Accounts – TEST 5 (MCQ Maharashtra-12th Board)
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#1. An amount received from the Insurance Company against the joint policy is _______
#2. Increase in the value of assets should be __________ to profit and loss adjustment account.
#3. The proportion in which old partners make a sacrifice is called ________ ratio.
#4. In the absence of partnership deed the partners share profits and losses in the __________ ratio.
#5. Cash proceeds from issue of debentures is _________
#6. The issue of debentures less than face value is called _________
#7. As per SEBI guidelines, the minimum amount payable on share application should be ___________ on nominal value of shares.
#8. As per table A, the amount on call on a share must not exceed __________ percent.
#9. Bill of exchange can be discounted with the _______________
#10. The Capital balances are ascertained by preparing _________