The class of shareholders who are paid last in the event of wedding-up are

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A class of preference shares in which dividend rights are carried forward is

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The excess of current assets over current liabilities is

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Goodwill is taken into account in partnership when

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When partners maintain fixed capital accounts, the correct entries for a partner’s share of profit is

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When discount is allowed, the accounting entry is debit Discount allowed and credit

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Which of the following is not correct?

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Which of the following is not a debit item in the partnership profit and loss appropriation account?

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Use the following to answer the given question – The cost of goods available is

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Use the following to answer the given question – Gross profit is

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Use the following information to answer the question – Uncredited cheques amount to

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The accounting concept which allows the use of a particular method for treating a transaction for a reasonable number of years is

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