Question Text
Question 1 :
Interest on capital will be paid to the partners if provided for in the agreement but only from following _______________.
Question 4 :
If there is no partnership deed then interest on capital will be changed at p.a.______.
Question 6 :
 The amount of prepaid expense is ________ from the total of the particular expense.
Question 7 :
Furniture of the book value of Rs.1,500 was sold for Rs.600 and new fixture of Rs.1,000 was purchased and cartage of Rs.25 paid.What is the amount of capital expenditure?
Question 8 :
Accrued income will appear on the ____ side of the balance sheet. 
Question 9 :
What will be the treatment of "accrued income" if appearing in the Trial Balance.
Question 10 :
Amount earned during the current accounting year but have not been actually received by the end of the same year is known as ___________.
Question 11 :
The manager of business is some times given ________ on Net Profit.<br/>
Question 12 :
The works manager gets commission of 10% on the profit after charging such commission. If the profit is Rs.2,200 what is the amount of his commission ?
Question 14 :
A Company purchased 8% bonds at a cost of Rs. 12,00,000(face value Rs. 10,00,000) on January 1, 2003. Half yearly interest is payable on this investment on June 30 and December 31st each year. The company closes its accounts on 31-3-2003. The amount of accrued interest shown in profit and loss account for the year ended is?
Question 16 :
Which of the following comes under the head expense?1. Wages 2. Loan3. Bad debts4. Purchase