Related MCQs

Q. Issue of shares at a price lower than its face value is called :

Q. As per Companies Act, the Balance Sheet of a company is required to be presented in ____________.

Q. Main limitation of analysis of financial statements is

Q. X and Y are partners sharing profits in the ratio 2 : 3. They admitted Z for 1/5th share of profits,

Q. What journal entry will be recorded for deceased partner’s share in profit from the closure of las

Q. Capital employed by a partnership firm is ₹5,00,000. Its average profit is ₹60,000. The normal r

Q. Which accounts are opened when the capitals are fixed?

Q. A and B are partners sharing profits in the ratio of 4 : 3. They admitted C as a new partner who get

Q. On the admission of a new partner :

Q. ‘Gaining Ratio’ means :