Related MCQs

Q. Which of the following is transferred to Realisation Account:

Q. A and B are partners in a firm. They are entitled to interest on their capitals but the net profit w

Q. A and B are partners sharing profits in the ratio of 5 : 3. A surrenders 14th of his share and B sur

Q. The Receipts and Payments Account is a summary of:

Q. A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. Books are closed on 3

Q. In a common size Balance Sheet, total liabilities are assumed to be equal to

Q. A, B, C and D are partners. A and B share 2/3rd of profits equally and C and D share remaining profi

Q. A Company’s Current Ratio is 3 : 1; Current Liabilities are ₹2,50,000; Inventory is ₹60,000 an

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

Q. On dissolution, partner’s loan is transferred to :