Receipts and Payments A/c is the summary of a:
Receipts and Payments A/c is the summary of a:

Subscriptions received in advance during the accounting year is:
Subscriptions received in advance during the accounting year is:

Income and Expenditure A/c is of the nature of:
Income and Expenditure A/c is of the nature of:

Cash received by converting an asset into cash is reflected in:
Cash received by converting an asset into cash is reflected in:

If the credit side of Receipts and Payments A/c exceeds the debit side, the balance represents:
If the credit side of Receipts and Payments A/c exceeds the debit side, the balance represents:

No cash transaction will be excluded from:
No cash transaction will be excluded from:

In Receipts and Payments A/c, cash in hand or at the bank is put on:
In Receipts and Payments A/c, cash in hand or at the bank is put on:

The task of preparing Income and Expenditure A/c and the Balance Sheet commences after the preparation of the:
The task of preparing Income and Expenditure A/c and the Balance Sheet commences after the preparation of the:

In Income and Expenditure A/c all revenue expenses are entered on:
In Income and Expenditure A/c all revenue expenses are entered on:

In the Income and Expenditure Account all revenue receipts are entered on:
In the Income and Expenditure Account all revenue receipts are entered on:

Partnership deed may be _______
Partnership deed may be _______

If no agreement is made by partners then interest on loan will be given @ _________
If no agreement is made by partners then interest on loan will be given @ _________

Profit will be divided in ________ in the absence of partnership deed.
Profit will be divided in ________ in the absence of partnership deed.

In a partnership, liability of all partners is _________
In a partnership, liability of all partners is _________

Maximum number of partners in a partnership firm can be ________
Maximum number of partners in a partnership firm can be ________

When there is no partnership deed then provisions of partnership act ________ willbe applicable.
When there is no partnership deed then provisions of partnership act ________ willbe applicable.

Liability of a partner in LLP is ________
Liability of a partner in LLP is ________

Provisions of Table _______ are applicable in the absence of partnership deed.
Provisions of Table _______ are applicable in the absence of partnership deed.

In the absence of any provision interest on capital will be calculated for _________
In the absence of any provision interest on capital will be calculated for _________

Minimum number of partners in a partnership are ________
Minimum number of partners in a partnership are ________