81. X and Y are partners in a firm sharing profits in the ratio of 3 : 1. They admit Z as a partner with new profit sharing ratio of 2 : 1 : 1. The amount of goodwill brought in by new partner will be credited to
82. Part of capital which can be called-up at the time of winding up of company is called:
83. Garner Vs Murray case arised in
84. Which of the following types of goodwill is considered to be the best?
85. Transferring entries from journal to ledger account is commonly known as
86. Receipt and payment account record transactions of:
87. Liquidity of a firm can be measured with the help of the following ratio:
88. Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order.
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:
89. If Goods worth Rs. 10,000 are sold on the basis of sale on approval, the adjustment of this transaction on the date of accounting is done in
90. Insufficient working capital may result into which combination of the following?
i. Failures to adapt to changes.
ii. Enhancement in credit-worthiness of the firm.
iii. Reduced availability of trade and cash discounts.
iv. Reduced volume of sales.
ii. Enhancement in credit-worthiness of the firm.
iii. Reduced availability of trade and cash discounts.
iv. Reduced volume of sales.
Read More Section(Accounting)
Each Section contains maximum 100 MCQs question on Accounting. To get more questions visit other sections.
- Accounting - Section 1
- Accounting - Section 2
- Accounting - Section 3
- Accounting - Section 4
- Accounting - Section 5
- Accounting - Section 6
- Accounting - Section 7
- Accounting - Section 8
- Accounting - Section 9
- Accounting - Section 10
- Accounting - Section 11
- Accounting - Section 12
- Accounting - Section 13
- Accounting - Section 14
- Accounting - Section 15
- Accounting - Section 16
- Accounting - Section 17
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25