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Que : 51. Answer in one word / sentence :

(i) Income and Expenditure A/c is prepared with the help of -

(ii) In which heading of Profit & Loss of the company shown according to schedule ?

(iii) Where total Cost is equivalent to total sales ?

(iv) What is the consideration of debentures ?

(v) The difference between the old and new ratio is called -

(vi) What is the basis of valuation of Goodwill ?

(vii) Which type of Goodwill is always changed ?
Answer:
(i) Receipt and Expenditure.
(ii) Schedule iii, Liabilities.
(iii) Break Even Point.
(iv) Interest.
(v) Sacrifice.
(vi) Profit and number of year purchase of average profit and super profit.
(vii)
Rat Goodwill.