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1. What do you mean by Endowment Fund?

2. What do you understand by legacy?

3. What do you understand by Minimum Rent?

4. describe Hire Purchaser in detail.

5. What is del-credere commission? describe in detail

6. describe Gaining ratio.

7. What do we understand by Realization Account?

8. What journal entry we pass for share of goodwill when a partner retires?

9. prepare down the difference between consignment and sale?

10. Differentiate between fixed and fluctuating capital?

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