41. A, B and C are partners. They admit D as a partner and gurantee that his share of profit shall not be less than Rs. 20,000 p.a. Profits are to be shared in the ratio of 4 : 3 : 3 : 2 respectively. If total profits for a year were Rs. 96,000, A's share of profits will be:
42. While calculating purchase price, the following values of assets are considered
43. Given:
Stock Trunover Ratio = 6 times
Average Stock = Rs. 8,000
Selling price = 25% above cost
What is the amount of gross profit?
Stock Trunover Ratio = 6 times
Average Stock = Rs. 8,000
Selling price = 25% above cost
What is the amount of gross profit?
44. A retiring partner continues to be liable for obligations incurred after his retirement if
45. Realization account is prepared in a partnership firm:
46. Which one of the following is not a method of valuation of shares?
47. Variable cost ratio is 30% fixed cost is Rs. 1,26,000 then the break even point will be
48. Which of the following is possible for a company under section 94 to alter its share capital
49. In partnership, unrecorded liability is shown in new Balance Sheet in
50. If nothing otherwise mentioned, on admission of a new partner, the sacrificing ratio is same as the
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- Accounting - Section 1
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