2761. X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. Out of these shares, 8 shares were reissued as fully paid up on payment of Rs. 5.50 per share. The amount to be transferred to capital reserve account will be:
2762. "Every debit should have equal and corresponding credit." Which of the following Accounting Concept says so?
2763. The Works Manager is entitled to 5% commission on net profits after charging his commission and General Manager's commission; the General Manager gets 10% commission on net profits remaining after charging his commision and Works Manager's commission. If the net prifits before charging any commission is Rs. 1,000 the General Manager's commission will be
2765. Consistency with reference to application of accounting principles refers to the fact that:
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