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1. extra money paid on a loan/the cost of borrowing
4. Owner's claim on total assets is?
6. It is a concept in accounting that mandates the recording of transactions in the period in which they occur
9. Day book is also known as?
10. anyone with a financial interest in the business
12. Which person owes an amount to a business organization for buying goods and services on a credit basis?
13. Interest on capital in a business can be defined as
15. When are balance sheets prepared?
16. A speculator who applies for new shares is
17. The account that increases equity is known as a?
18. A formal arrangement by two or more parties to manage and operate a business and share its profits
19. Accounts are used in preparing a trial balance?
20. Discount allowed is a kind of deduction from __

2. Bonus shares are issued to
3. While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as
5. Harsh Kumar Bhanwala is the Chairman of?
7. It helps to reduce business risk
8. Recording financial transaction is part of the?
11. Which of the following is related to the Scientific system of maintaining an account?
14. the purchase of an interest in a company by an investor located in another company