Home / Class wise MCQs / 12th Class / Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts / Comparative Statements / Question

Q) Interest on Loans is

View Answer Share

Discusssion

Login to discuss.

More questions from 12th Class Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts

Q. Realisation A/c is a :

Q. A Company’s Current Ratio is 2.8 : 1; Current Liabilities are ₹2,00,000; Inventory is ₹1,50,000 and Prepaid Expenses are ₹10,000. Its Liquid Ratio will be :

Q. If a machine whose original cost is ₹40,000 having accumulated depreciation ₹12,000, were sold for ₹34,000 then while preparing Cash Flow Statement its effect on cash flow will be :

Q. A, B and C share profits and losses of the firm equally. B retires from business and his share is purchased by A and C in the ratio of 2 : 3. New profit sharing ratio between A and C respectively would be :

Q. In the event of dissolution of firm, the partner’s personal assets are first used for payment of the :

Q. X and Y are partners in a firm with capital of ₹1,80,000 and ₹2,00,000. Z was admitted for 1/3rd share in profits and brings ₹3,40,000 as capital, calculate the amount of goodwill:

Q. Who are the real owners of a company?

Q. X and Y are partners sharing profits in the ratio 2 : 3. They admitted Z for 1/5th share of profits, for which he paid ₹1,20,000 against capital and 760,000 as goodwill. Find the capital balances for each partner taking Z’s capital as base capital.

Q. Sleeping partners are those who

Q. On dissolution, partner’s loan is transferred to :

Subjects (12th Class)

Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts

Biology

Business Studies

Chemistry

Economics - Indian Economic Development

Economics - Macroeconomics (Introductory Macroeconomics)

English - Flamingo Poems

English - Flamingo Prose

English - Vistas

Geography

Geography - India People and Economy

History

Physics

Political Science - Contemporary World Politics

Political Science - Politics in India Since Independence

Chapters (Accountancy - Part 1: Not-for-Profit Organisation and Partnership Accounts)

Accounting for Partnership Firms — Fundamentals

Change in Profit Sharing Ratio among the Existing Partners

Admission of a Partner

Retirement or Death of a Partner

Dissolution of a Partnership Firm

Financial Statements of Not-for-Profit Organisations (N.P.O.)

Issue of Shares

Issue of Debentures

Redemption of Debentures

Financial Statements of Companies

Financial Statements Analysis

Comparative Statements

Common Size Statements

Accounting Ratios

Cash Flow Statement