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11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - I Question Bank Software Jun-29 , 2021

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11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - I

11th Standard English Medium Accountancy Subject Final Accounts of Sole Proprietors - II Creative 2 Mark Questions with Solution Part - I

11th Standard

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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  1. What is Income received hi advance?

  2. What is Interest on loan?

  3. What is depreciation?

  4. What is Bad debts?

  5. Pass Adjusting entries for the following adjustments.
    a) Provide 6% Interest on Capital of Rs. 16,00,000
    b) Rent received in advance Rs. 5,000
    c) Interest accrued on investments Rs. 2,000

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