Related MCQs

Q. A and B are partners sharing profits in the ratio of 3 : 2. They admit C into the partnership with 1

Q. The statement of cash flows clarifies cash flows according to

Q. A and B are in partnership sharing profits and losses as 3 : 2. C is admitted for 1/4th share. After

Q. Subscription received in cash during the year amounted to ₹40,000; subscription outstanding at the

Q. If vendors are issued fully paid shares of ₹1,25,000 in consideration of net assets of ?1,50,000,

Q. Balance of partner’s current accounts are :

Q. Issued 5,000, 12% debentures of ₹100 each at a discount of 2%, redeemable at a premium of 5%. In s

Q. At the time of retirement of a partner, profit on revaluation will be credited to :

Q. Which of the following is source of cash?

Q. In which condition a partnership firm is deemed to be dissolved?