Accounts – TEST 5 (MCQ Maharashtra-12th Board)

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 _________



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