| 1 |
The gaining ratio are calculated on. |
- A. Admissionof a partner
- B. Death of a partner
- C. Retirement of a partner
- D. None of these
|
| 2 |
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
|
| 3 |
The amount payable to the retiring partner is shown in the balance sheet of partnership as. |
- A. Capital
- B. Loan
- C. Investment
- D. Assets
|
| 4 |
In case of los on revaluation of assets and liabilities should be debited to. |
- A. Retiring partners capital accounts
- B. All partners capital accounts
- C. Remaining patners capitala account
- D. None of these
|
| 5 |
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
|
| 6 |
The retired is one who has |
- A. Died
- B. Withdraw his capital
- C. Bought his capital
- D. Decreases his capital
|
| 7 |
Profit and loss on revalution at the time of retirement must be transerred to the partners in. |
- A. Capital ratio
- B. Old prifit sharing ratio
- C. New profit sharing ratio
- D. Gaining ratio
|
| 8 |
The credit balance of retiring partner capital account if not paid in cash should be tranferred to. |
- A. Retiring partners loan account
- B. Retiring partners capital account
- C. Old partner capital account
- D. None of these
|
| 9 |
In case of retirement when the good will raised with retiring partner written off among the remaining partner. |
- A. In gaiing ratios
- B. Sacrifing ratios
- C. Capital ratios
- D. New ratio
|
| 10 |
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
|
