| 61 |
Which event leads to dissolution of partnership but not necessarily of the firm? |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Easy |
| 62 |
A firm's business becomes illegal because of a new law. The firm is dissolved |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Easy |
| 63 |
In a partnership at will, R wants to end the firm. How can he dissolve it on his own? |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Medium |
| 64 |
One partner of a firm has become of permanently unsound mind. The other partners want to dissolve the firm. W… |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Medium |
| 65 |
Under the order of settlement on dissolution, which payment is made first out of the firm's assets? |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Hard |
| 66 |
On dissolution, which item is NOT transferred to the Realisation Account? |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Easy |
| 67 |
A partner takes over a firm's computer on dissolution. Which entry is passed? |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Easy |
| 68 |
A creditor of ₹15,000 accepts machinery of the same book value in full settlement of his claim. What entry is… |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Medium |
| 69 |
Realisation expenses of ₹3,000 are paid by partner A on behalf of the firm. What entry is passed? |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Medium |
| 70 |
Assets (other than cash) of book value ₹1,50,000 realise ₹1,30,000. Creditors of ₹50,000 are paid ₹48,000, an… |
Accountancy/Book Keeping
Realisation Account and settlement of accounts |
Hard |
| 71 |
Which feature ensures that a company continues to exist even when its members change? |
Accountancy/Book Keeping
Features and types of companies |
Easy |
| 72 |
What is the minimum number of members required to form a public company? |
Accountancy/Book Keeping
Features and types of companies |
Easy |
| 73 |
A shareholder holds 100 shares of ₹10 each on which ₹6 per share has been paid. If the company is wound up wi… |
Accountancy/Book Keeping
Features and types of companies |
Medium |
| 74 |
A company in which the Central Government holds 60% of the paid-up share capital is called a |
Accountancy/Book Keeping
Features and types of companies |
Medium |
| 75 |
A company sues one of its own shareholders for an unpaid call. Which feature of a company makes this possible? |
Accountancy/Book Keeping
Features and types of companies |
Hard |
| 76 |
The maximum amount of share capital a company is permitted to raise is called |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Easy |
| 77 |
Preference shares carry a preferential right with respect to |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Easy |
| 78 |
The part of uncalled capital that a company resolves to call only in the event of winding up is called |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Medium |
| 79 |
A company has subscribed capital of 50,000 shares of ₹10 each, of which ₹8 per share has been called up. Call… |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Medium |
| 80 |
Which arrangement of capital amounts is always correct for a company? |
Accountancy/Book Keeping
Share capital: meaning, nature and types |
Hard |