Financial and Management Accounting-Partnership Accounts [NTA-NET (Based on NTA-UGC) Commerce (Paper-II)]: Questions 1 - 5 of 13

Access detailed explanations (illustrated with images and videos) to 1426 questions. Access all new questions we will add tracking exam-pattern and syllabus changes. Unlimited Access for Unlimited Time!

View Sample Explanation or View Features.

Rs. 600.00 or

How to register?

Question number: 1

» Financial and Management Accounting » Partnership Accounts » Admission

Edit
MCQ▾

Question

Gaining ratio is equal to the

Choices

Choice (4)Response

a.

Old ratio + New ratio

b.

Old ratio - New ratio

c.

New ratio – Old ratio

d.

None of the above

Question number: 2

» Financial and Management Accounting » Partnership Accounts » Admission

Edit
MCQ▾

Question

Sacrificing ratio is equal to the

Choices

Choice (4)Response

a.

Old ratio + New ratio

b.

New ratio – Old ratio

c.

Old ratio - New ratio

d.

Question does not provide sufficient data or is vague

Question number: 3

» Financial and Management Accounting » Partnership Accounts » Admission

Edit

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 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. 70,000

b.

Rs. 17,500

c.

Rs. 1,10,000

d.

Rs. 27,500

Question number: 4

» Financial and Management Accounting » Partnership Accounts » Cash Distribution

Edit

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 share. What will be their new profit sharing ratio?

Choices

Choice (4)Response

a.

b.

c.

d.

Question number: 5

» Financial and Management Accounting » Partnership Accounts » Admission

Edit

Appeared in Year: 2018

MCQ▾

Question

and sharing profits in the ratio of admit for share in the new firm in which he takes from and from . The new ratio of will be: (September Paper II)

Choices

Choice (4)Response

a.

b.

c.

d.

Developed by: