Financial Accounting 2 MCQs
P
Q 31. Which of the following reserves which can be utilised to make partly paid shares into fully paid up:
R
Q 32. Right share are not offered to the existing equity shareholders if:
S
Q 33. When a partner dies, firm will receive the:
R
Q 34. Section 37 of partnership act provided interest on the amount left by retiring or decreased partner at:
P
Q 35. When good will is brought in cash by new partner, method is known as:
P
Q 36. Revolution A/c is a:
R
Q 37. For any decrease in the value of liability, revolution A/c is to be:
P
Q 38. A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):
A
Q 39. Old profit sharing ratio minus new profit sharing ration is equal to:
P