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Accounting for Partnership: Basic Concepts Test 33

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Accounting for Partnership: Basic Concepts Test 33
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Weekly Quiz Competition
  • Question 1
    1 / -0
    Which of these is not a type of partner?
  • Question 2
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    A partner can be expelled by majority decision when such power is ________.
  • Question 3
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    An expulsion sais to be in good faith if __________.
  • Question 4
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    XYZ a partnership firm was constituted on $$1-4-2013$$. On $$25$$th April the partners resolved to get the firm registered with the registrar of firm. The firm prepared the necessary documents for registration on $$26$$th April which were signed on $$28$$th April. They send the documents to the registrar office on $$30$$th April by Registered post which was received in the Registrar office on $$4$$th May $$2014$$. The registrar office filed the statement and entered the firms name in the register of firms on $$20$$th May $$14$$. The firm will be deemed to have been registered on.
  • Question 5
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    Which of these agreements are expressly declared to be void Rs. ______
  • Question 6
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    Which of these events will not lead to re-constitution of the firm?
  • Question 7
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    Goods sold by other co-venture is debited to
  • Question 8
    1 / -0
    From the following details find out the correct amount of trade debtors.
    Debtors a/c appeared in the books of A/c Rs. $$69,985$$. Includes the following __________.
    (i) Rs. $$6,500$$ due from an employee on account of temporary advance outstanding.
    (ii) Rs. $$1,100$$ being goods used by the proprietor for self use.
    (iii) Rs. $$990$$ due from X to whom the firm also owes Rs. $$500$$ on account of services rendered by him.
  • Question 9
    1 / -0
    Which of these accounts are not opened in a Joint Venture
  • Question 10
    1 / -0
    PQR are three partners in a partnership firm. As per the terms of partnership deed partners are charged $$6\%$$ interest on the drawing made by them during the year. For the year ending $$31$$st Dec. $$09$$. Q draws money from the firm as per the details given.
    $$31$$st March Rs. $$1,000$$
    $$31$$st May Rs. $$1,000$$
    $$31$$st August Rs. $$3,000$$
    $$30$$th November Rs. $$3,000$$
    Calculate the interest on drawing to be charged from X.
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