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Accounting
practice.

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Balance sheet is prepared primarily with the following group in view of . . . . . . . .

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Noting charges are paid in the event of . . . . . . . . of a bill.

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Schedule 16 relates to . . . . . . . .

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Which of the following is related to nominal account?

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A limited company has to redeem redeemable preference shares of the value of Rs. 1,00,000 for which the company has issued 3000 equity shares of Rs. 10 each at a premium of 10%. The amount to be transferred to capital redemption reserve account will be:

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Given that
Opening capital : Rs. 5,000
Closing capital : Rs. 6,000
Drawings : Rs. 1,000
New capital invested : Rs. 500
The profit for the year will be:

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The amount of surrendered shares is credited to . . . . . . . .

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A receipts and payments account, the payments are recorded on the . . . . . . . . side.

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