A. commission B. discount C. premium D. bonus Correct Answer: Option C C. premium
A. increase in the gross profit B. decrease in the gross profit C. decrease in the net profit D. increase…
A. bought ledger control account B. purchases account C. total debtors account D. total creditor account Correct Answer: Option C…
A. debtors account B. creditors account C. capital account D. nominal account Correct Answer: Option C C. capital account
A. ordinary partners B. limited partners C. dormant partners D. sleeping partners Correct Answer: Option B B. limited partners
A. called up capital B. paid-up capital C. issued capital D. nominal capital Correct Answer: Option C C. issued capital
A. annuity fund B. nominal capital C. circulating capital D. accumulated fund Correct Answer: Option D D. accumulated fund
A. trading account B. profit and loss account C. appropriation account D. balance sheet Correct Answer: Option B B. profit…
A. card reader B. paper top reader C. alpha-numeric keyboard D. line partnership Correct Answer: Option D D. line partnership
A. going concern B. entity C. consistency D. realization Correct Answer: Option D D. realization