Admission of a Partner Test

Result

Admission of a Partner Test - 33

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Weekly Quiz Competition

Question 1
1 / -0

Select the odd one..........

A
Remission

B
Agency

C
Completed gift

D
Admission
Question 2
1 / -0

Profit or loss on revaluation A/c is transferred to ( in case of Admission of a partner)

A
All the partner current capital A/c

B
All the partner fixed capital A/c

C
Old partners current capital A/c

D
Old partners fixed capital
Question 3
1 / -0

Match the following:
A B
1 Goodwill 1 Non-depreciable
2 Land 2 Non-cash expense

3 Called up 3 Intangible
4 Depreciation 4 Capital

A
(1, 4), (2,3), (3, 2), (4, 1)

B
(1, 2), (2,3), (3, 4), (4, 1)

C
(1, 4), (2, 2), (3,1), (4, 3)

D
(1,3), (2,1), (3,4), (4,2)
Question 4
1 / -0

A third party is affected by restrictions or limitations on implied authority of a partner.........

A
In all the situations

B
Only in exceptional cases

C
Only when he has notice of it

D
None of these
Question 5
1 / -0

ABC Associates is a partnership firm, it intents to revalue its goodwill, average profit for the past five year are Rs.15,000 p.a, goodwill is being valued 3 years purchase of average profit. The goodwill of the firm would be valued at

A
Rs.15,000

B
Rs.45,000

C
Rs.20,000

D
Rs.7,500
Question 6
1 / -0

When goodwill account is written off after admission of a new partner, Capital A/c of

A
Old partner is debited in old ratio

B
All partners is debited in new ratio

C
Old partners is debited in sacrificing ratio

D
Old partners is credited in new ratio
Question 7
1 / -0

Notice for dissolution of a Partnership firm, when the partnership firm is at will can be..........

A
Withdrawn with the consent of others

B
Not be withdrawn

C
Withdrawn with the approval of Registrar of firms

D
Withdrawn with the approval of senior partner only
Question 8
1 / -0

Which of these ratio is used to assess liquidity position of a firm

A
Debt equity ratio

B
Capital employed to net profit

C
Capital gearing ratio

D
Current ratio
Question 9
1 / -0

Which of these rights are not available to a transferee under the Partnership Act.

A
To inspect books of account

B
To interfere with the conduct of the business

C
To ask far copy of accounts

D
All the three
Question 10
1 / -0

$$X$$ is a partner of $$XYZ$$ Associates a partnership at will. $$X$$ gave a notice for dissolution of the firm. $$X$$ now intends to withdraw the notice of dissolution. Which of these course of action is suggested to $$X$$ ?

A
seek order for revocation of notice from the Registrar of firms

B
Get approval of the remaining partners

C
get approval of at least one more partner

D
submit an undertaking to not to give such notice in near future

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Re-Attempt Weekly Quiz Competition

A		B
1	Goodwill	1	Non-depreciable
2	Land	2	Non-cash expense
3	Called up	3	Intangible
4	Depreciation	4	Capital

Admission of a Partner Test - 33

Result

Admission of a Partner Test - 33

Score

-

Rank

-

SHARING IS CARING

Question 1

Remission

Agency

Completed gift

Admission

Question 2

All the partner current capital A/c

All the partner fixed capital A/c

Old partners current capital A/c

Old partners fixed capital

Question 3

(1, 4), (2,3), (3, 2), (4, 1)

(1, 2), (2,3), (3, 4), (4, 1)

(1, 4), (2, 2), (3,1), (4, 3)

(1,3), (2,1), (3,4), (4,2)

Question 4

In all the situations

Only in exceptional cases

Only when he has notice of it

None of these

Question 5

Rs.15,000

Rs.45,000

Rs.20,000

Rs.7,500

Question 6

Old partner is debited in old ratio

All partners is debited in new ratio

Old partners is debited in sacrificing ratio

Old partners is credited in new ratio

Question 7

Withdrawn with the consent of others

Not be withdrawn

Withdrawn with the approval of Registrar of firms

Withdrawn with the approval of senior partner only

Question 8

Debt equity ratio

Capital employed to net profit

Capital gearing ratio

Current ratio

Question 9

To inspect books of account

To interfere with the conduct of the business

To ask far copy of accounts

All the three

Question 10

seek order for revocation of notice from the Registrar of firms

Get approval of the remaining partners

get approval of at least one more partner

submit an undertaking to not to give such notice in near future

User

Question Analysis

My Perfomance

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