Question

Select the Correct Alternative: (i) Share Allotment Account is a (a) Expense Account. (b) Liability Account. (c) Asset Account. (d) Income Accoun ​

Answer 1

Answer:

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Explanation:

When Fixed Capital is Given Remuneration will be transferred to Partners Current Account. Question 2: Upon the admission of Sundaram the sacrifice for providing his share of profits would be done: (a) by Amit only.

Answer 2

Answer:

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