Accounting MCQ Questions and Solutions with Explanations | Commerce

A. Partner's Capital A/c

B. Partner's Current A/c

C. Both A and B

D. None of these

A. Rs. 15.00

B. Rs. 10.00

C. Rs. 20.00

D. None of these

A. Only 1

B. Only 2

C. Both 1 and 2

D. Neither 1 nor 2

A. Quality of goods sold by the firm

B. Reputation of the owners

C. Risk involved in the business

D. All of the above

A. 4,367 units

B. 4,400 units

C. 4,000 units

D. 4,933 units

A. Fully paid up shares in private company

B. Fully paid up shares in public company

C. Any shares in private or public company

D. Debentures of public company

A. General debenture

B. Convertible debenture

C. Bearer debenture

D. Representative debenture

A. Bank balance

B. Manufactured stock of goods

C. Goodwill

D. Small tools

A. Both (A) and (R) are true and (R) is the correct explanation of (A)

B. Both (A) and (R) are true, but (R) is not the correct explanation of (A)

C. (A) is true, but (R) is false

D. (A) is false, but (R) is true

A. In order of permanence

B. On market price

C. On Book value

D. On the basis of liquidity