101. Govind, Hari and Pratap are partners. On the retirement of Govind, the goodwill already appears in the balance sheet at Rs. 24,000. The goodwill will be written off by
102. A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retires, and his capital after making adjustments for reserves and profits on revaluation is Rs. 2,30,000. A and B agree to pay him Rs. 50,000 in full and final settlement of his claims. The amount of goodwill be
103. Minority interest includes
104. Premium earned on issue of Shares' is an example of
105. Under CCA method, surplus or deficit due to change in value of assets and adjustment in profit and loss statement should be adjusted to
106. Accounting Standard-6 is meant for
107. Revenue from sale of products ordinarily is reported as part of earning in the period in which:
108. Which of the following can not be used for redemption of preference shares?
109. Donations received by a charitable institution for some specific purpose are taken to:
110. If current ratio is 2.5, quick ratio 1.5 and net working capital Rs. 15,000. The value of inventory will be:
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 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 18
- Accounting - Section 19
- Accounting - Section 20
- Accounting - Section 21
- Accounting - Section 22
- Accounting - Section 23
- Accounting - Section 24
- Accounting - Section 25