Which one is correct

Trial balance is not obtained in:

Calculate the amount of net income or loss if the capital has been increased by Rs. 1,000 during this accounting period drawings Rs. 5,000 and Rs. 1,000 fresh capital was introduced in the business _______

Interest on partner's capital is allowed, only when the _______________ specifically provides for i

________________ is the interest allowed on capital of the partners.

Under fixed capital method salary payable to a partner is recorded ____________

Period of interest refers to the period from the date of drawings to the closing date of the __________

In sole proprietorship, the profit or loss in the profit and loss account is transferred directly to the sole proprietor's ___________

When the value of an asset increases, it results in

Single entry system keeps one cash book which mixes up business as well as ____ transactions.

___________ method, goodwill is calculated by multiplying the average profits by a certain number of years of purchase.

Goodwill acquired by making payment in cash or kind is called __________

A gift made to a not-for-profit organization by a will, is called________

On what basis the receipts and payments account is prepared?

Which of the following statements is not true in relation to admission of a part _________.

On retirement of a partner from a partnership firm, accumulated profits and losses are distributed to the partners in the

If a share of Rs.10 on which Rs.8 has been paid up is forfeited. Minimum reissue price is

The total capitalised value of a business is Rs. 1,00,000; assets are Rs. 1,50,000 and liabilities are Rs. 80,000. The value of goodwill as per the capitalisation method will be

Super profit is the difference between

Legacy is a