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Advanced Accountancy- XI MCQ and IMP Short Notes

  Advanced Accountancy- XI A) Choose the correct alternative from given below                                     1.   …………… is the detailed planning for the allocation of funds in a business. a) Budgetary control                b) Budgeting   c) Financing                             d) All of the above 2.   Basic objective of budgeting is………………. a) Planning                   b) Coordination            c) Control         ...

Advanced Accountancy- X MCQ & IMP Short notes

  A) Choose the correct alternative from given below.                                                  1. …………………….. is a source of internal finance. a) Equity share Capital                         b) Preference share capital                    c) Debenture                                        d) Retained earnings 2.   ____________have the last claim in winding up proceedings....