Self Studies
Selfstudy
Selfstudy

Retirement or D...

TIME LEFT -
  • Question 1
    1 / -0

    Which of these would reduce the net profit of a partnership firm

  • Question 2
    1 / -0

    Which of these can be described as the sum of those intangible attributes or benefits enjoyed by the enterprise which contributes to its success.

  • Question 3
    1 / -0

    Sacrificing ratio is used at the time of .. of a partner for distribution of goodwill

  • Question 4
    1 / -0

    X and Y are sharing profits and losses in the ratio of 3 :2. Z is admitted with 1/5th share in profits of the firm which he gets from X. Now the new profit sharing ratio among X, Y and Z will be _________.

  • Question 5
    1 / -0

    A and B are partners sharing profits and losses in the ratio of  3 : 1. They have agreed to admit C into the partnership firm. C is given 1/4th share of future profits which he acquires in the ratio of 2: 1 from A and B. The new profit sharing ratio would be:

  • Question 6
    1 / -0

    A and B are partners in a business sharing profits in the ratio of 5 : 3. They admit C as a partner with 1/4 share in the profits which he acquires 3/4 from A and 1/4 from B. He pays 4,000 as his share of Goodwill A and B will be credited by:

  • Question 7
    1 / -0

    A and B are partners in a firm sharing profits in the ratio of 3 : 2. They admit C as a new partner for 1/3 share in the profits of the firm. The new  profit sharing ratio of A, B and C is ________________.

  • Question 8
    1 / -0

    X and Y share profits and losses in the ratio of 4 : 3. They admit Z in the firm with 3/7 share which he gets 2/7 from X and 1/7 from Y. The new profit sharing ratio will be:

  • Question 9
    1 / -0

    X and Y are sharing profits in the ratio of 2: 1. They admitted Z into the firm with 1/4 shares in profits for which he brings 15,000 as his share of capital. The partners decide to have their capitals according to the new profit sharing ratio. As a result, the adjusted capital of Y will be:

  • Question 10
    1 / -0

    Goodwill of a firm of A and B is valued at 30,000. It is appearing in the books at 12,000. C is admitted for 1/4 share. What amount he is supposed to bring for goodwill?

Submit Test
Self Studies
User
Question Analysis
  • Answered - 0

  • Unanswered - 10

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Submit Test
Self Studies Get latest Exam Updates
& Study Material Alerts!
No, Thanks
Self Studies
Click on Allow to receive notifications
Allow Notification
Self Studies
Self Studies Self Studies
To enable notifications follow this 2 steps:
  • First Click on Secure Icon Self Studies
  • Second click on the toggle icon
Allow Notification
Get latest Exam Updates & FREE Study Material Alerts!
Self Studies ×
Open Now