Financial State...

The net profits after tax of Z & Co. for the past 5 years are as follows:

If the insurance Rs.premium paid is Rs.$$1,000$$ and prepaid insurance is Rs.$$300$$, the amount of Insurance premium shown in profit and loss account will be _____________.

Obsolescence of a depreciable assets may be caused by___________ 
   (I) technological changes.
   (II) improvement in production method.
   (III) changes in market demand for the product or service output.
   (IV) legal or other restrictions.
     The correct answer is ______________.

P/L A/c balance (before commission) is Rs.$$1,320$$; manager's commission is $$10\%$$. Find the amount of manager's commission.

Insurance paid in advance would be treated in the Balance sheet as _________________.

Pick the odd one ________.

A partner claims interest on capital _____________.

In case of unexpired entry following entry should be made ______________.

If a company has the word limited at the end of its name, this means that_______.

Accrued Interest is an example of _________.