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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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  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 ______________.
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  8. The first step of accountancy is
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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
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  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…
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