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12th Standard English Medium Accountancy Subject Admission of a Partner Creative 1 Mark Questions with Solution Part - II

Published on: 22/06/2021

QB365 provides detailed and simple solution for every Creative Questions in class 12 Accountancy Subject. It will helps to get more idea about question pattern in
every Creative questions with solution.

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Std: 12th Standard - Accountancy

chapter: - Creative Questions

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Questions:

Multiple Choice Question

5 x 1 = 5

Introduction of a new partner due to _________

(a)

Need to more capital

(b)

Fresh ideas and more contacts

(c)

Obtaining of a skilled and reputable person

(d)

All of the above

When a new partner is admitted under bonus method capital method of the firm increase by __________

(a)

the new investment

(b)

less than the new investment

(c)

Zero

(d)

More than the new investment

A partner who is newly admitted to the firm with the consent of all the parties is called _________

(a)

Salaries Partner

(b)

Incoming partner

(c)

Junior partner

(d)

Minor partner

Total proprietorship of the business is increased ______________

(a)

at the admission of a new partner

(b)

by the purchase of asset

(c)

by admission through investment

(d)

All of these

Sumit and Ravi started a business by investing Rs. 85000 and 15000 respectively. In what ratio the profit earned after 2 years be divided between Sumit and Ravi respectively.

(a)

17:1

(b)

17:2

(c)

17:3

(d)

17:4