B:-N's Account
C:-Cash Account
D:-Account of M& N
Correct Answer:- Option-D
Question87:-Which is the most appropriate method of depreciation for loose tools, livestock jigs etc
A:-revaluation method
ixed installment method
C:-depletion method
D:-Diminishing balancing method
Correct Answer:- Option-A
Question88:-Goodwill is a...
A:-tangible
tangible
C:-current
D:-fluctuating
Correct Answer:- Option-B
Question89:-Excess of opening capital over closing capital denotes ...
A:-profit
-1055
C:-additional capital
D:-lesser capital
Correct Answer:- Option-B
Question90:-Under stock and debtors system, loading in opening stock is credited in
A:-stock account
-debtors account
C:-branch adjustment account
D:-trading account
Correct Answer:- Option-C
Question91:-The unexpired discount for a banking company is
A:-Income
B:-expense
C:-liability
D:-none of the above
Correct Answer:- Option-C
Question92:-Statutory reserve created by a banking company as per Banking Regulation Act 1949 is

. asset.

Correct Answer:- Option-B
Question93:-Cost of control of holding company account is credited with
A:-revenue profit
B:-capital profit
C:-revenue loss
D:-capital loss
Correct Answer:- Option-B
Question94:-In case of amalgamation, the liabilities which are not taken over by the new company are transferred to
A:-Realization a/c
B:-Partner's capital A/c
C:-partner's current A/c
D:-bank A/c
Correct Answer:- Option-A
Question95:-The debentures which do not carry any charge on assets of a company is called
A:-naked debenture
B:-registered debenture
C:-bearer debenture
D:-first debenture
Correct Answer:- Option-A
Question96:-Premium paid on the life policy of the proprietor is