Accounting MCQ Questions and Solutions with Explanations | Commerce

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1.
R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R given $${\frac{1}{4}^{{\text{th}}}}$$ of his share and S given $${\frac{2}{5}^{{\text{th}}}}$$ of his share to new partner. New profit sharing ratio of R, S and T will be

A. 15 : 01 : 26

B. 75 : 36 : 49

C. 25 : 15 : 26

D. 20 : 9 : 11

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2.
According to AS-3 Cash Flow Statement is mandatory to

A. all enterprises

B. companies listed on stock exchange

C. enterprises having turnover exceeding Rs. 50 crores

D. both B and C

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Accounting MCQ Questions and Solutions with Explanations | Commerce

1. R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R given $${\frac{1}{4}^{{\text{th}}}}$$ of his share and S given $${\frac{2}{5}^{{\text{th}}}}$$ of his share to new partner. New profit sharing ratio of R, S and T will be

Answer & Solution

2. According to AS-3 Cash Flow Statement is mandatory to

Answer & Solution

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1.
R and S are partners sharing profits in the ratio of 5 : 3. T joins the firm as a new partner. R given $${\frac{1}{4}^{{\text{th}}}}$$ of his share and S given $${\frac{2}{5}^{{\text{th}}}}$$ of his share to new partner. New profit sharing ratio of R, S and T will be

2.
According to AS-3 Cash Flow Statement is mandatory to