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Published on: 13/05/2022
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Take MCQ Accountancy Test
1.
X, Y and Z were partners sharing profits and losses equally. X died on 1st April 2019. Find out the share of X in the profit of 2019 based on the profit of 2018 which showed Rs. 36,000.
Rs. 1,000
Rs. 3,000
Rs. 12,000
Rs. 36,000
2.
A, B and C are partners sharing profits in the ratio of 2:2:1. On retirement of B, goodwill of the firm was valued as Rs. 30,000. Find the contribution of A and C to compensate B:
Rs. 20,000 and Rs. 10,000
Rs. 8,000 and Rs. 4,000
Rs. 10,000 and Rs. 20,000
Rs. 15,000 and Rs. 15,000
3.
4.
On revaluation, the increase in liabilities leads to
Gain
Loss
Profit
None of these
5.
On retirement of a partner from a partnership firm, accumulated profits and losses are distributed to the partners in the
New profit sharing ratio
Old profit sharing ratio
Gaining ratio
Sacrificing ratio
1.
(b)
Rs. 3,000
2.
(b)
Rs. 8,000 and Rs. 4,000
3.
(c)
4.
(b)
Loss
5.
(b)
Old profit sharing ratio
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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
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