Related MCQs

Q. At the time of forfeiture of shares the share capital account is debited with

Q. Sundry Creditors amounted to ?8,000. These were paid at a discount of 5%. Realisation account will b

Q. A and B were partners in a firm sharing profit or loss equally. With effect from 1st April 2019 they

Q. At the time of dissolution of a firm, Creditors are ₹70,000; Partners’ capital is ₹1,20,000; C

Q. In a partnership firm, a partner withdrew ₹5,000 per month on the first day of every month during

Q. What will be the trend percentage, if the Inventory of a firm is ?2,00,000; ?2,40,000; ?3,00,000 and

Q. B and N are partners in a firm sharing profits in the ratio of 3 : 2. They admit S as a partner for

Q. On dissolution of a firm, a partner took over ₹17,000 investments for ₹14,000. Which one of the

Q. X and Y are partners sharing profits in the ratio 5:3. They admitted Z for 1/5th profits, for which

Q. If net revenue from operations of a firm are ₹15,00,000; Gross Profit is ₹9,00,000 and operating