Under______ system branch profit or loss is ascertained by preparing branch accounts

Related MCQs

• P and Q are partners sharing profit and loss in the proportion 2:1 in the Joint Venture. P keeps accounts of joint venture. Q gave Rs. 5,000 to P for joint venture business. P prepared accounts and showed profit of Rs. 2,250. P settled Q’s account. In the books of Q, Rs. _______ profit is credited.
• Under the net worth method, the profit can be ascertained by preparing
• A B C are three partners sharing profit and loss in the ration of 2:2:1, B recently obtained MBA degree from Oxford University, accordingly the partner decided to give him a guaranteed profit of ` 60,000. Find the share of profit of B if the firm made a net profit of ` 1,25,000 during 2012-13
• The statement of profit or loss is prepared according to _______ method to calculate profit or loss under single entry system
• Under stock and debtors system, which of the following accounts is prepared with a view to ascertain Gross Profit of the Branch?
• It is a system of finding out the profit made by a head office at a branch by preparing an account called_______.
• Capital at the beginning of the year is ascertained by preparing
• The amount of opening stock can be ascertained by preparing
• Opening capital is ascertained by preparing:
• The amount of credit purchases can be ascertained by preparing a