| 1 |
The amount payable to the retiring partner is shown in the balance sheet of partnership as. |
- A. Capital
- B. Loan
- C. Investment
- D. Assets
|
| 2 |
Partner's capital are affected due to. |
- A. Admission of a partner
- B. Retirement of the partner
- C. Death of a partner
- D. All of the above
|
| 3 |
In case of retirement of a partners full good will is credited to the account of. |
- A. Only retring partner
- B. Only remaining partners
- C. All partners
- D. None of these
|
| 4 |
On the detah of the partner the amount of the joint policy credited to the capital account of. |
- A. Remaining partners capital account
- B. All partners capital accounts
- C. Deceased parners capital account
- D. None of these
|
| 5 |
Gaining ratios are equal to. |
- A. New Ratio - Old ratio
- B. Old ratio- New ratio
- C. New Ratio + old ratios
- D. Capital ratios- New Ratios
|
| 6 |
In case of retirement the amount of the general reserve any other profit is credited to all partners in. |
- A. Sacrificing Ratios
- B. New profit sharing ratios
- C. Old prift sharing ratios
- D. Gaining ratios
|
| 7 |
The profit on the revaluation of the assets and liabilities o the retirement of the partner should be credited to. |
- A. All partners capital accounts
- B. Only retiring partners capitals accounts
- C. Remaiingng partners capital account
- D. None of these
|
| 8 |
On retirement of a partner the share of a retiring partner is taken by. |
- A. Remaining partner
- B. New partner
- C. Legal representator or retiring partner
- D. None of these
|
| 9 |
The profit on revaluation of assts and liabilities on the retirement of the partners should be credited to the capital account of. |
- A. All the partners
- B. Retiring partner
- C. Remaining partner
- D. None of these
|
| 10 |
If the good will raised at the time of retirement of a partner is to be written off, then the capital accounts of the remaiing partners are debited in. |
- A. Capital ratio
- B. Old profit sharing ratio
- C. New profit shiaring ratio
- D. None of these
|
