Xii Karachi answer of accounting mcqs paper 2010?

Answer 1

1) depreciation account

2)Expense & revenue summary

3)Equity shares

4)2500

5)surplus

6)Partner's capital account

7) Dividend payable

8)Unadjusted income

9)none of these

10) Current liabilities

11)Insurance in transit

12)Profit & loss distributed equally

13)capital at the beginning

14)increase by 5000

15)legacy

16)Authorized capital

17)Capital loss

18)old profit sharing ratio

19)Bank account

20) Decreases

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