Financial and Management Accounting-Partnership Accounts (CBSE-NET (UGC) Commerce (Paper-II & Paper-III)): Questions 1 - 4 of 4

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Question number: 1

» Financial and Management Accounting » Partnership Accounts » Admission

MCQ▾

Question

Gaining ratio is equal to the

Choices

Choice (4) Response

a.

New ratio – Old ratio

b.

Old ratio + New ratio

c.

Old ratio - New ratio

d.

Question does not provide sufficient data or is vague

Question number: 2

» Financial and Management Accounting » Partnership Accounts » Admission

MCQ▾

Question

Sacrificing ratio is equal to the

Choices

Choice (4) Response

a.

New ratio – Old ratio

b.

Old ratio - New ratio

c.

Old ratio + New ratio

d.

None of the above

Question number: 3

» Financial and Management Accounting » Partnership Accounts » Admission

Appeared in Year: 2016

MCQ▾

Question

Ram and Shyam are partners in a firm with capital of Rs. 4, 80, 000 and Rs. 3, 10, 000, respectively. They admitted Ganesh as a partner with Equation share of profit. Ganesh bring Rs. 3, 00, 000 as his capital. Ganesh’s share of goodwill will be

Choices

Choice (4) Response

a.

Rs. 1, 10, 000

b.

Rs. 70, 000

c.

Rs. 27, 500

d.

Rs. 17, 500

Question number: 4

» Financial and Management Accounting » Partnership Accounts » Cash Distribution

Appeared in Year: 2016

MCQ▾

Question

A, B and C are partners in a firm sharing profits and losses in the ratio of 4: 3: 2. They agreed to take D into partnership and gave him Equation share. What will be their new profit sharing ratio?

Choices

Choice (4) Response

a.

Equation

b.

Equation

c.

Equation

d.

Equation

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