(A) Select the correct option and rewrite the sentence : [5]
(1) To find out net profit or net loss of the business, ……… Account is
prepared by the business.
(a) Trading (b) Profit and Loss
(c) Capital (d) Current
(2) Donation for scholarship fund is ……….
(a) Capital Receipt (b) Revenue Receipt
(c) Capital Expenditure (d) Revenue Expenditure
(3) The balance of the capital account of retired partner is transferred to
his ……… account if it is not paid.
(a) loan (b) personal
(c) current (d) relative’s
(4) Death is a compulsory ……….
(a) admission (b) retirement
(c) dissolution (d) winding up
(5) The due date of the bill drawn for 2 months on 23rd November 2019
will be ……….
(a) 23rd January, 2020 (b) 26th January, 2020
(c) 25th January, 2020 (d) 27th January, 2020
Answers
Answered by
4
Answer:
1current 2 capital reciept
Answered by
1
Answer:
answer answer
helping hend
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