A part of the profit distributed to the shareholders is known as

A. Reserve & Surplus

B. Retained Earnings

C. Dividend

D. Net Profit

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  1. HUF stands for
  2. Expenditure, which result in acquisition of permanent assets, is a capital expenditure.
  3. E. & O.E.
  4. Depreciation is not charged on _______________.
  5. The cost of a machine is Rs.5,70,000. Its scrap value is Rs.25,000 and useful life is 10 years. The…
  6. The basic unit of measurement of the accounting system is ______________.
  7. Which of the following equation(s) is(are) true
  8. The first step of accountancy is
  9. Cash is an example of
  10. WDV stands for
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  14. Mr.Customer purchased goods from Mr.Seller on credit. This is a/an
  15. All credit sales are recorded in
  16. Choose the odd one out
  17. Accrual concept implies accounting on cash basis.
  18. Any type of error affects the agreement of Trial Balance.
  19. Sale of Office Furniture should be credited to Sales Account.
  20. All indirect expenses are charged against
  21. The cost of a machine is Rs.6,00,000. The rate of depreciation is 10%. The depreciation for the 3rd…
  22. Arrange the steps of accounting in sequential order - (i) Trial Balance; (ii) Journal Entry; (iii) Balancing…
  23. The account which can never have a credit balance is
  24. Capital of the business is an example of external liability.
  25. Net Realisable Value of an asset means
  26. Providing depreciation ensures sufficient cash for asset replacement.
  27. Cash payments are recorded on the _______________ of the Cash Book.
  28. The aggregate of direct material, direct labour and direct expenses is known as
  29. Copyright is an example of
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