Related MCQs

Q. On dissolution, when a partner takes over an unrecorded asset, is credited :

Q. Capital included in the Total of Balance Sheet of a Company is called :

Q. On retirement of a partner, goodwill will be credited to the Capital Account of:

Q. Out of following items, which one is shown in the Receipts and Payments Account?

Q. Liquid Ratio is equal to liquid assets divided by :

Q. Working Capital is the :

Q. On liquidation of company, principal amount of debentures is returned :

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

Q. A and B are partners sharing profits in the ratio of 7 : 5. C is admitted into the partnership for 1

Q. ‘No profit no loss’ point is called :