What is Provision for expenses?
Define Bill of Exchange
Who is the maker of the promissory note
distinguish between Bill of Exchange and Promissory Note
What is meant by retiring Bill
What is Accommodation Bill
What is meant by consignment
Who is called consignor
Distinguish between sale and consignment
What is specific reserve
what is capital account? how to manage it? what is the process?
define fixed assets
What is fixed liabilities
What is deffered income
is it necessasary to make a partnership deed