Related MCQs

Q. Revenue from Operations ₹8,00,000; Gross Profit Ratio 25%; Opening Inventory ₹1,00,000; Closing

Q. Subscription received by a school for organising annual function is treated as:

Q. When a new partner brings goodwill in Cash, it is credited to :

Q. There was an Unrecorded asset of ?2,000 which was taken over by a partner at ? 1,500. Partner’s Ca

Q. A Company may issue the shares :

Q. While calculating operating profit which will be added to net profit:

Q. X Y and Z are partners sharing profits and losses in the ratio 5 : 3 : 2. They decide to share the f

Q. Provision for Tax appears in a Company’s Balance Sheet under the Sub-head :

Q. If there is a ‘Match Fund’, then match expenses and incomes are transferred to:

Q. Gaining Ratio :