Accounting MCQ Questions and Solutions with Explanations | Commerce
Accounting MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Accounting MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-8 section-13
A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?
A and B are partners in a firm sharing profit and loss in the ratio of 3 : 2. They admit C into partnership for $${\frac{1}{4}^{{\text{th}}}}$$ share and the new ratio between A and B is 2 : 1. The sacrificing ratio is
Profit sharing ratio of A, B and C is $$\frac{1}{2},\,\frac{3}{{10}}$$ and $$\frac{1}{5}$$ respectively C dies. What will be profit haring ratio between A and B?
A, B and C were partners in a business who shared profits and losses in the ratio of $$\frac{1}{5}:\,\frac{1}{3}:\,\frac{7}{{15}}$$ respectively. C retired and his share was purchased by A and B in the ratio of 3 : 2. The new profit sharing ratio of A and B will be:
