| 941 |
The premium for goodwill brought in by a new partner is shared by the old partners in their |
Accountancy/Book Keeping
Admission of a partner |
Easy |
| 942 |
Goodwill already appearing in the books at the time of admission is written off among |
Accountancy/Book Keeping
Admission of a partner |
Easy |
| 943 |
A and B share profits 3:2. C is admitted for a 1/5 share, which he takes from A and B in their old ratio. Wha… |
Accountancy/Book Keeping
Admission of a partner |
Medium |
| 944 |
A and B share 3:2. C joins for a 1/5 share, taken in the old ratio, and brings his share of goodwill in cash.… |
Accountancy/Book Keeping
Admission of a partner |
Medium |
| 945 |
C brings ₹60,000 as capital for a 1/4 share. The combined capitals of A and B after all adjustments are ₹1,50… |
Accountancy/Book Keeping
Admission of a partner |
Hard |
| 946 |
On retirement, the retiring partner's share of goodwill is debited to the continuing partners in their |
Accountancy/Book Keeping
Retirement of a partner |
Easy |
| 947 |
The amount due to a retiring partner that is not paid immediately is transferred to |
Accountancy/Book Keeping
Retirement of a partner |
Easy |
| 948 |
A, B and C share 3:2:1. C retires and A and B continue without any stated new ratio. In what ratio do A and B… |
Accountancy/Book Keeping
Retirement of a partner |
Medium |
| 949 |
A, B and C share 3:2:1. C retires; the firm's goodwill is ₹60,000. A and B continue in their old ratio. By ho… |
Accountancy/Book Keeping
Retirement of a partner |
Medium |
| 950 |
A, B and C share 3:2:1. C retires and A and B decide to share future profits equally. What is the gaining rat… |
Accountancy/Book Keeping
Retirement of a partner |
Hard |
| 951 |
The balance in a deceased partner's capital account is transferred to |
Accountancy/Book Keeping
Death of a partner |
Easy |
| 952 |
Profit and Loss Suspense Account is opened on the death of a partner to record |
Accountancy/Book Keeping
Death of a partner |
Easy |
| 953 |
The accounting year begins on 1 April. A partner with a 1/3 share dies on 30 June. Last year's profit was ₹60… |
Accountancy/Book Keeping
Death of a partner |
Medium |
| 954 |
Which item is NOT included in the amount payable to a deceased partner's executors? |
Accountancy/Book Keeping
Death of a partner |
Medium |
| 955 |
Last year's sales were ₹4,00,000 and profit ₹80,000. Sales from the start of this year to the date of a partn… |
Accountancy/Book Keeping
Death of a partner |
Hard |
| 956 |
Which event leads to dissolution of partnership but not necessarily of the firm? |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Easy |
| 957 |
A firm's business becomes illegal because of a new law. The firm is dissolved |
Accountancy/Book Keeping
Meaning and modes of dissolution |
Easy |
| 958 |
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 |
| 959 |
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 |
| 960 |
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 |