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Final Accounts ...

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  • Question 1
    1 / -0

    While making an adjustment entry in respect of interest on capital, credit is made to _______________.

  • Question 2
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    The interest can be computed on the additional capital __________.

  • Question 3
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    Net profit of a business is Rs. 220 before charging commission. If the manager is entitled to 15% of the profit before charging such commission, the commission will be _____.

  • Question 4
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    Interest on capital will be ________.

  • Question 5
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    Indicate which of the following is correct ? 

  • Question 6
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    Interest on capital is added to______.

  • Question 7
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    Interest on capital is ________ on business.

  • Question 8
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    Manager's Commission is __________ to company.

  • Question 9
    1 / -0

    Interest is calculated at a given rate of interest on capital as at the _____ of the accounting year.

  • Question 10
    1 / -0

    The manager of the business is sometimes given the commission on _______.

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