Accounts – TEST 7 (MCQ Maharashtra-12th Board)
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#1. If articles are silent regarding interest on calls – in – arrears, the minimum rate of interest to be charged is _______
#2. The person who endorses a bill is called an ___
#3. Further Capital introduced during the year is ________ from closing capital in order to find out the correct profit.
#4. Non cash items are not recorded in __________________
#5. Partnership is compulsorily dissolved when the partners of the firm become __________
#6. Akash, Prakash and Deepak are partners who share profits as 3:2:1. They admit Suraj as a partner and decided to share future profits as 5:3:2:2, the sacrifice ratio will be____
#7. Income received in advance is shown on _____________ side of balance sheet.
#8. Generally current ratio should be _________
#9. The relationship between net profit before tax, interest and dividend and capital employed is known from ________
#10. _______ debentures of which the amount is repaid after specific period.
