Question : Share Capital Suspense Account is opened when-

Option 1: The share capital suspense account is opened when the Balance Sheet is not called.

Option 2: When Balance Sheet is not tallied

Option 3: When dividend is declared but not paid

Option 4: When shares are forefeited

Question : Demand deposits include______

Option 1: Saving account deposits with fixed deposits

Option 2: Saving account deposits with current account deposits

Option 3: Current account deposits with fixed deposits

Option 4: All types of deposits

Question : In the case of fixed capital, interest on capital

Option 1: is credited to the partner's capital account

Option 2: is credited to the partner's current account

Option 3: maybe credited to the partner's capital and current account

Option 4: is debited to the partner's capital account

Question : In the case of fixed capital, interest on capital

Option 1: is credited to the partner's capital account

Option 2: is credited to the partner's current account

Option 3: maybe credited to the partner's capital and current account

Option 4: is debited to the partner's capital account

Question : Partner's Drawings account is closed.

Option 1: By transfer to the credit side of the capital Account.

Option 2: By transfer to the credit side of the current account.

Option 3: either A or B

Option 4: By transfer to the debit side of the Capital or Current account.