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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
JOURNAL ENTRY IN ACCOUNTANCY |
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Answer» Answer: ASK full question I can't understand your question Explanation: because it is incomplete so GIVE full questions |
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| 2. |
X ltd purchase a plant were on 1 april 2014 for rs 120,000. Addition to plant were also made on 1.7 .2014 for rs 50,000 and on 1.10.2015 with plant cost rs 40,000 . On 1 july ,2016 ,plant cost rs50,000 on 1.4.2014 was sold for rs30,000 on 1 October ,2016 . Depreciation was provided @10% p.a. on staright line method on calender year basis .Prepare plant A\C from 2014 to 2016. |
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Answer» your answer in the ATTACHMENT GIVEN SEAT |
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| 3. |
Why we write Dr for debit when no r letter in the word debit? |
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| 4. |
Loan taken will be in which side in trail balance |
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| 5. |
12 10 8 7 = 3432 23 7 9 = 1334 43 9 10 = ?? |
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| 6. |
Opening capital 260000 closing capital 400000 drawing 100000 profit 200000 |
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Answer» Answer: the answer is 1 lakh 40 thousand and PLEASE MAKE me brainlist |
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| 7. |
Explain the principles of Banking and scope of Banking |
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Answer» Answer: banks lend MONEY by making advance to customer on current account, by making installment lones, and by investing in MARKETABLE Dept securities and other form of money landing. banks PROVIDE different payment services, And bank account is considered indispensable by most businesses and individual.please mark as a brainlist. |
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| 8. |
Rectify the following errors:(a) Payment of wages to Ram Lal was debited to his personal account withRs.3000/-(b) Payment of salaries to srikant Rs. 7000/- was debited to Srikant's account.(c) Rent amounting to Rs.900/- paid was credited to rent account.(d) Goods bought from a merchant for Rs.200/- had been posted to the credit ofhis account as Rs. 2000/-(e) Rs.60/- owing by a customer had been omitted from the schedule of debtors. |
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Answer» a) CREDIT his personal acc b) credit srikant acc d) debit merchant acc |
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| 9. |
A,B,C are partner sharing profits in the of 2:2:1 respectively. They admit D for 1/5th share in the firm .calculate sacrificing ratio. |
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Answer» Answer: A B C D 2 : 2 : 1 1/5 D ADMIT for 1/5
sacrificing ratio -sacrifice of A = 2/5 × 1/5 = 2/25sacrifice of B = 2/5 × 1/5 = 2/25sacrifice of C = 1/5 × 1/5 = 1/25thus sacrifice ratio of A,B and C will be 2 : 2 : 1 ans.i hope it's help U |
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| 10. |
170 Corporate AccountingPractical Questions :1. On 1st January, 2011 Chacha Ltd., issued 20,000 9% Debentures of 10payable $20 on application 50 on allotment and the balance on first and finala15th February, 2011, Company received applications for 40,000 debentures, the monewhich deposited with the Punjab National Bank Ltd. On 20th February, 2011, theof Directors of the company allotted the debentures in the following manner :-Debentures applied forDebentures allotted No, of debentualapplied forLess than 1,000Nil5,0001,000 and above but less than 5,0002,0004,0005,000 and above but less than 10,0008,0009,000| 10,000 and above but less than 20,00010,00022,000A person to whom 1,200 debentures were allotted, paid the entire moneyallotment. On 31st March, 2011, the first and final call was made the amountwas received by 15th April, 2011. Make necessary Journal entries of theassuming that the whole amount is received.(Ans. Bank Balance 2000000 |
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Answer» Answer: 3564+3688+4578+46776+45678 |
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| 11. |
The external problem of entrepreneurship development is :(a) Insufficient Skilled Training(b) Weak Management(c) Labour ProblemsSat None of these. |
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| 12. |
16.24Q.No.6. Prepare Trading and Profit & Loss Account from the followir75,0002,400Loss Account from the following balances as on 31st March, 19983,000 Salaries4,50032,000 Sales1,200 Carriage on sales1,10012,000 Manufacturing expenses1,400 Audit fees1,1601,600 Postage350700 Dividends1,800240 Coal and power1,800 Furniture5.000400 Import duty1,2001,500 Discount1,600 Sundry receipts450 Advertisement270(Ans. G.P. Rs. 32,870; N.P. Rs. 20,5601WagesPurchasesCarriage on purchasesOpening StockGodown rentInterestInterest receivedGeneral expensesFactory rentStationeryExport dutyLegal expensesCash in handClosing Stock Rs.12,450980750560Trac |
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Answer» Answer: 4733rd 4u44 is the BEST place for MEN and women short for the first year in HINDI to get the answer to the next question if you WANT to be a good thing to do something like that you can do that to your partner or your family to GIVE discount and then go to the next level with a good thing to do something |
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| 13. |
The functions of Schedule Bank is :(a) Acceptances of Deposits(c) Agency Functions(b) Granting Loansd) All of the above..........m |
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Answer» d .all of above ......m |
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| 14. |
Paid rupees 9800 to sunil in full settlement of his account |
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| 15. |
PART A FINANCWhat is a contra entry! |
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Answer» Contra Entry. In the DUAL entry accounting system, a contra entry is an entry which is recorded to reverse or offset an entry on the other side of an account. If a DEBIT entry is recorded in an account, it will be recorded on the CREDIT side and vice-versa. Explanation: |
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| 16. |
1) Net sales during the year 2017 is 285000. Gross profit is 25% on sales. Find outcost of goods sold |
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Answer» and cost of the goods SOLD is 213750 |
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| 17. |
Hariom consigned 100 TV sets to Naman at a cost of Rs.20,000 each. Hariom incurredge: Rs.5,000 for freight and Rs.3,000 for cartage. Naman was able to take delivery of oneTV sets as 10 units were destroyed in transit. The insurance co. admitted the claim for a9 70% amount. Naman incurred loading and unloading charges worth Rs.2,000 andpaid Rs.8,000 for godown rent. He could sell 70 TV sets at Rs.25,000 each.Determine the value of Abnormal loss. |
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Answer» jktflpspsosooofofotkgohgkfk |
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| 18. |
What is the formula for inventory turnover ratio |
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| 19. |
Accountancy 1 week mai revise krne ki koi strategy hai |
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Answer» you just go through the main POINTS and you can WATCH videos on YouTube I hope I am right please follow me and Mark it as BRAINLIEST answer |
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| 20. |
5.Mr. Ram consigns 1,000 bags to Mr. Shyam costing Rs.250 each. Mr. Ram has paidRs.2,500 for freight and insurance and Mr. Shyam has paid Rs.700 for Cartage andRs.500 for Godown rent. Mr. Shyam sold 600 bags for Rs.300 each. The value ofunsold stock will be: |
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Answer» mr SHYAM hhas paid CARTAGE will only include this not godown rent BCOZ its recurring in NATURE |
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| 21. |
Question 7A company sold 25% of the goods on cash basis and the balance on credit basis. Debtors areallowed 2 months credit and their balance as on 31.3.2008 is Rs. 1,40,000. Assume mal me saleIS uniform through out the year. Calculate the total sales of the company for the year ended31.3.2008. (Ans. = Rs. 11,20,000) |
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Answer» Answer: 140000× 25/2 = 1750000 |
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| 22. |
1) A and B are partners sharing profits in the ratio of 3 : 2 lhe agreed to share in theratio of 3 : 1. Calculate the share of sacrifies of B. |
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Answer» ANSWER:- 1/1 Explanation: EXISTING RATIOS were {3/5 : 2/5} B sacrificed 1/1 out of his 2/5 . which resulted in MAKING his new ratio to be 1/4 that SATISFIES the new ratios of 3:1 (3/4 :1/4) |
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| 23. |
What would be the journal entry for the month cash purchase 500,000 intrastate and credit purchase interstate 4500,000?cgst =6% igst=12% and sgst =6% |
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Answer» Answer: 1. purchase a/c DR. 500000 input CGST a/c. dr. 30000 input sgst a/c. dr. 30000 to CASH. 560000 2. purchase a/c dr. 4500000 input IGST a/c. dr. 540000 to CREDITORS. 5040000 |
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| 24. |
in a competition held by r w a where the shop is located and electrical iron costing 2500 was given as an award it had been purchased from Batra electronics Delhi. what would be the the journal entry |
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Answer» Explanation: GIVEN as an AWARD it had been PURCHASED from Batra electronics DELHI. what WOULD be the the journal entry |
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| 25. |
a debt of 50,000 was written off as bad debt in past was received .... what would be the journal entry |
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Answer» Answer: cash A/C. dr. 50000 |
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| 26. |
How many hrs i practice accounting sub |
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| 27. |
Why is there a difference between two number |
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Answer» This is because ONE is GREATER than the other and the other is SMALLER than the FIRST one. |
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| 28. |
SC SHARMA CLASS 11 CHAPTER BILL OF EXCHANGE PAGE 16.39 QUESTION 24 |
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Answer» sorry i can't help you |
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| 30. |
Q. 29 (A). Gupta is a partner in a firm. He drew regularly 800 at theof every month for the six months ending 31st March, 2018. Calculatedrawings at 15% p.a. |
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Answer» 15% p.a. Drawings= 4200*15/100 =₹630 |
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| 31. |
How to became CA............. |
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Answer» Answer: The four stage procedure is as follows: Any STUDENT who has passed 10thclass or any course EQUIVALENT to that can apply for the Common Proficiency Course (CPC) first. Post QUALIFYING for the 10+2 exam, a student has to then QUALIFY in CPT exam. After the CPT IPCC, successful article-ship or training under an officially practicing C.A has to be done for 3 years. Then comes the CA Final. |
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| 32. |
सभेचा दिवस, तारीख, वेळ आणि ठिकाण या संबंधी माहिती देणाऱ्या पत्रास ....... म्हणतात ans in mahrati |
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Answer» Answer: please you can ASKED it in ENGLISH aur Hindi . have a nice DAY |
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| 33. |
021. The Balance Sheet of Madan and Mohan who share profits and losses in the ratio of 32 on31" March, 2018 was as follows:787(Rs.)TO,000Balance Sheet of Madan and Mohanas on 31" March, 2018Liabilities(Rs.) AssetsCreditors28000 Cash at BankWorkmen's compensation fund 12,000 DebtorsGeneral Reserve20,000 Less: Provision for D/DCapitalsStockMadan60,000InvestmentsMohan40,000 1,00,000 Patents1.60,00065.00015.000)60,00030,00050,00010,0001.60.000They decide to admit Gopal on 1" April, 2018 for 1/4 share on the following terms:(0) Gopal shall bring Rs. 25,000 as his share of premium for goodwill.(10) That unaccounted accrued income of Rs. 500 be provided for.Gii) The market value of investments was Rs. 45,000.(iv) A debtor whose dues of Rs. 1,000 were written off as bad debt paid Rs. 800 in fullsettlementA claim of Rs. 2,000 on account of workmen compensation to be provided for.(vi) Patents are undervalued by Rs. 5,000.(vii) Gopal to bring in capital equal to 1/4th of the total capital of a new fimm after alladjustments. |
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Answer» Explanation: Revaluation Account To investment 5000 By Accrued income 1000 To patent 2000 By BD recovered 4000 By capital Madan 1200 Mohan 800 2000
7000 7000 Partners Account A/c To revaluation A/c 1200 800 By Bal c/d 60000 40000 To Bal c/d 88200 58800 By Reserve 12000 8000 By workmen 5400 3600 By PREMIUM 12000 8000
89400 59600 89400 59600
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| 34. |
सोहन से उदार माल क्रय किया |
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Answer» सोहन को वापस भी करना चाहिए |
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| 35. |
A firm commenced business on 1st January 2012 and purchased goods costing costing Rs.90000 during the year A sum of Rs.6000 was spent on freight inwards.at the end of the year the cost of goods still unsold is Rs.12000 .sales during the year is Rs.120000 the gross profit earned by the firm is |
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Answer» MARK me as BRAINLIEST Explanation: Mark me as BRAINLIEST mark |
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| 36. |
A firm commenced business on 1st January 2012 and purchased goods costing Rs.90000 during the year.A sum of Rs.6000 was spent on freight inwards.at the end of the year the cost of goods still unsold is Rs.12000.Sales during the year is Rs.120000 the gross profit earned by the firm is |
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Answer» gross PROFIT= sales - COST of GOODS sold =84000 gross profit =. 120000-84000 =36000 |
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| 37. |
2.500Credit BalancesSalePurchases Returns6.0003952765Bills PayableCreditors20103,795325125300417019.86531 TETT, 2013 5 37 260 700 1 6 390 401 07700 EFE 10% dta aEvce* 100 Tage ELTel 23 1001adjustments: (i) Closing Stock on 31st Dec, 20137 700.) Wages outstanding 40 ) Salaries prepaid toDeprecate Plant and Tools by 10% p.a. (v) Interest due but not received * 100. (v) Commission umeared 100[Ans. Gross Profit 1,940: Net Loss 7 314 ; Total of Balance Sheet 78.808) |
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Answer» Answer: DVD SC bhkbvd but I can't believe you can get a new phone and he was Explanation: 4th Hf HD TV SHOW me how MUCH I u too and I have to be a little BIT more than you know I was like I was just thinking about it and it was good to hear that I have no idea how much is it that way you can get a new phone number is the best of luck to you later on tonight and tomorrow is for the DAY I will be in the world to see you soon baby I love u too babe and you can do it for me and my dad is a good night and SWEET dreams and I don't know how |
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| 38. |
According equation:- good costing Rs 24,000 was sold at 33,1/3% profit. Half payment |
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Answer» 15,996 Explanation: costing=24,000/- profit=100/3% so SALE PRICE= COST price+ profit profit = 24,000*100/3 =7992 sale price= 31,992 half price was RECIVED = 15,996/- recived |
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| 39. |
. You’re trying to save to buy a new $170,000 Ferrari. You have $40,000 today that can be invested at your bank. The bank pays 5.3 percent annual interest on its accounts. How long will it be before you have enough to buy the car? |
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Answer» Answer: 28 Years Explanation: Year 1. $40,000 * 5.3% = 2.12 $40000+2.12=5.3% The Same WAY The Interest Increases Every Year For 28 Years Then Voila! Year 28. You END Up With 169.85 You Can ADD You're Salary And Buy The FERRARI |
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| 40. |
If the rent is payable at Rs.200 per month then what will be the amount of outstanding rent .the rent is ven 1750 |
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Answer» 350000 Explanation: The RENT will be that we have to MULTIPLY the rent with rent VEN |
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| 41. |
From the following particulars prepare a bank reconciliation statement showing the balance as per cash book on December31, 2018.(a) Two cheques of 2.000 and 5,000 were paid into bank in October 2018 but were not credited by the bank in the month of December. (b) A cheque of 800 which was received from a customer was entered in the bank column of the cash book in December 2016 but was omitted to be banked in December 2018(C) Cheques for 10,000 were issued into bank in November 2016 but not credited by the bank on December 31, 2018(d) Interest on investment 1,000 collected by bank appeared in the passbookBalance as per Passbook was 50,000 |
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Answer» HOPE you have UNDERSTOOD. |
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| 42. |
Can someone give me the best time table for study...??? |
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Answer» Answer: In morning STUDY for 2 HOURS and then do some THING that makes you light. Then in evening go for play for 1-1.5 hours and then study as MUCH as you can Explanation: hope it will HELP you... |
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| 43. |
Write off bad debt Rs.1000 andprovide bad debts reserve 5°/• |
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| 44. |
Furniture purchased by Krishna Furniture, Delhi against payment of one month post dated cheque from Ram & Co will be recorded (a) cash book. (b) journal proper |
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Answer» HEY mate UR ANSWER is CASH BOOK Hope it helps u........✌✌ |
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| 45. |
Furniture purchased by Krishna Furniture, Delhi against payment of one month post dated cheque from Ram & Co will be recorded in. a)cash book. b)journal proper |
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Answer» Answer: It will be RECORDED in JOURNAL PROPER as it is a CREDIT transaction |
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| 46. |
is there anyone who will suggest me the best institution for the preparation of chartered accountant |
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Answer»
the best institution for preparation
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| 47. |
How will u treat payment of tax nd payment of dividend in a cash flow statement? |
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Answer» Answer: payment of TAX and payment of DIVIDEND will be SUBTRACTED in OPERATING activity |
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| 48. |
Is there anyone who will suggest me the best CA tuition .? |
| Answer» DOWNLOAD Unacademy APP lectures for FREE . Please MARK as brainliest | |
| 49. |
Plzzz solve my questions |
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Answer» Answer:Open a Tournament Fund in LIABILITY side(Dr.) Of Balance sheet and Record it as 66,000(I.e 80,000-14000) Note:- It will not have a place in Income and EXPENDITURE ACCOUNT as it is restricted to SPECIFIC (i.e Tournament) fund Explanation: |
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| 50. |
What is a registered pension scheme and what are its implications? |
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Answer» A REGISTERED pension plan is a type of trust that PROVIDES pension benefits for an employee of a COMPANY UPON retirement. Explanation: mark me as brainlist. |
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