12th Standard Syllabus & Materials
12th Standard
TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set D
NEW12th Standard
TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set C
NEW12th Standard
TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set B
NEW12th Standard
TN 12th Standard Biology Zoology - Reproduction in Organisms Creative Questions Study Material - QB365 Set A
NEW12th Standard
TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set D
NEW12th Standard
TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set C
Published on: 27/08/2019
Admission of a Partner
Download Tamil Nadu 12th Standard Accountancy question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Accountancy Test
1.
The old partners share all the accumulated profits and reserve in their ___________
new profit sharing ratio
old profit sharing ratio
capital ratio
sacrificing ratio
2.
On admission of a partner if goodwill account is to be raised this should be debited to __________
Partner's capital account
Partner's capital account
Revaluation account
None of these
3.
In order to maintain fair dealings, at the time of admission, it is necessary to revalue assets and liabilities of the firm to their _______
Cost price
True value
Selling price
None of these
4.
When an unrecorded liabilities is brought into books, is results in
profit
loss
income
expense
5.
When the value of an asset increases, it results in
profit
loss
income
expense
6.
Revaluation account is also called
Accumulation profit and loss account
Profit and loss adjustment account
Profit and loss appropriation account
None of these
7.
8.
The profit or loss on revaluation of assets and liabilities is transferred to the capital account of
The old partners
The new partner
All the partners
The Sacrificing partners
9.
On revaluation, the increase in the value of assets leads to
Gain
Loss
Expense
None of these
10.
Revaluation A/c is a
Real A/c
Nominal A/c
Personal A/c
Impersonal A/c
1.
(b)
old profit sharing ratio
2.
(b)
Partner's capital account
3.
(b)
True value
4.
(b)
loss
5.
(a)
profit
6.
(b)
Profit and loss adjustment account
7.
(d)
8.
(a)
The old partners
9.
(a)
Gain
10.
(b)
Nominal A/c
12th Standard Syllabus & Materials
12th Standard
TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set B
NEW12th Standard
TN 12th Standard Physics Electronics and Communication Creative Questions Study Material - QB365 Set A
NEW12th Standard
TN 12th Standard Physics Wave Optics Creative Questions Study Material - QB365 Set D
NEW12th Standard
TN 12th Standard Physics Wave Optics Creative Questions Study Material - QB365 Set C
Tamilnadu Stateboard 12th Standard Subjects
Maths
Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
French
Tamilnadu Stateboard Standards
