A. 5% interest annum on any loan B. an oral agreement among the partners C. method of inhertance by the…
A. cost price, selling price and fixed percentage on selling price B. cost price, selling price and fixed percentage on…
A. branch supplies and branch receipts B. branch stock account and goods sent to branch accounts C. goods sent to…
A. branch stock account and credit goods sent to branch account B. branch supplies account and credit branch stock account…
A. branch stock adjustment account is in use B. the retention of branch trading account is in addition to the…
A. current account B. cash account C. capital account D. realization account Correct Answer: Option C - capital account Explanation…
A. contribution of each department to profit B. materials sold in each department C. insurance premium payable on employees D.…
A. entity fund B. capital owned C. accumulated fund D. capital employed Correct Answer: Option C - accumulated fund
A. a surplus B. a liability C. a deflicit D. an asset Correct Answer: Option B - a liability
A. to use accumulated fund to described the net amount owed to members B. mainly to improve the welfare of…