Q1. Attempt any Four of Sub – Questions of the following. (A) Answer in ' one' sentence each. (1) What is partnership deed? (2) Which accounts are normally kept under single entry system? (3) Which account is credited when depreciation is charged on asset? (4) What is the relationship between co – ventures? (5) What do you mean by intangible asset? (B) Write a word/ term/ phrase which can substitute each of the following statements: (1) A list of debit and credit balances of all ledger accounts. (2) The major source of revenue to a non – trading concern from its members. (3) Date on which payment of a bill is to be made. (4) The account in which banking transactions of joint venture are recorded. (5) Excess of average profit over normal profit. (C) Match the following. Group 'A' Group 'B' a. Bad debts. b. Excess of assets over liabilities. c. Notary publi
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