Related MCQs

Q. Which of the following is not incorporated in the Partnership Act?

Q. Which of the following is not shown under the heading ‘Share Capital’ in a Balance Sheet:

Q. A, B and C are partners sharing profit or loss in the ratio of 2 : 3 : 4. A retires and after A’s

Q. If total assets are ₹2,00,000; total liabilities are ₹40,000; amount realised on sale of assets

Q. Cash Balance ₹15,000; Trade Receivables ₹35,000; Inventory ₹40,000; Trade Payables ₹24,000 a

Q. When debentures of ₹1,00,000 are issued as Collateral Security against a loan of ₹1,50,000, the

Q. Securities Premium Reserve appears in a Company’s Balance Sheet under :

Q. On issue of shares Premium is :

Q. On firm’s dissolution, on realisation of goodwill (which was shown in Balance Sheet) will be credi

Q. Retinng partner is compensated for parting with the firm’s future profits in favour of remaining p