-
question_answer1)
In the absence of Partnership Deed, a new partner can be admitted only with the:
A)
Permission of court done
clear
B)
Consent of all existing partners done
clear
C)
New accounting period done
clear
D)
Premium for goodwill done
clear
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question_answer2)
When a new partner is admitted the balance of General Reserve appearing in the Balance Sheet at the time of admission is credited to:
A)
Capital/current Accounts of all partners (including new partner) done
clear
B)
Capital/current Accounts of all old partners only done
clear
C)
Capital/current Accounts of Sacrificing partners only done
clear
D)
Capital/current Accounts of Gainer partners only done
clear
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question_answer3)
Generally Sacrificing ratio is used to distribute _____ in case of admission of a new partner.
A)
General Reserve 181 done
clear
B)
Profit shown by Profit and Loss Appropriation Account done
clear
C)
Premium for goodwill done
clear
D)
Profit shown by Revaluation Account done
clear
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question_answer4)
Which of the following statement is incorrect?
A)
Debit the gainer and credit the sacrificing partner done
clear
B)
It is not necessary for a new partner to bring premium for goodwill in cash done
clear
C)
Both new partner and gainer partner will compensation the sacrificing partner done
clear
D)
It is not necessary to value the goodwill when a new partner is admitted done
clear
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question_answer5)
If at the time of admission, some balance of Profit and Loss Account appears in the books, it will be transferred to:
A)
Revaluation Account done
clear
B)
Profit and Loss Appropriation Account done
clear
C)
Capital/current Accounts of all the partners done
clear
D)
Capital/current Accounts of old partners only (including new partner) done
clear
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question_answer6)
At the time of admission of a new partner in the firm, the new partner compensates the old partners for their loss of share in the super-profits of the firm for which he brings in an additional amount which is known as_______
A)
New Partner's Capital done
clear
B)
Premium for Goodwill done
clear
C)
Sacrifice Share done
clear
D)
Revaluation Gain done
clear
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question_answer7)
For which of the following situations, the old profit sharing ratio of partners is used at the time of admission of a new partner?
A)
When new partner brings only a part of his share of goodwill done
clear
B)
When new partner is not able to bring his share of goodwill done
clear
C)
When, at the time of admission, goodwill already appears in the Balance Sheet done
clear
D)
When new partner brings his share of goodwill in cash. done
clear
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question_answer8)
Premium brought by a new partner will be shared by the existing partners in:
A)
Old Ratio done
clear
B)
New Ratio done
clear
C)
Sacrificing Ratio done
clear
D)
Gain Ratio done
clear
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question_answer9)
If partners capitals are fixed, premium for goodwill will be:
A)
Credited to the Partners Capital A/cs done
clear
B)
Credited to the sacrificing partners current A/cs done
clear
C)
Credited to the Revaluation A/c done
clear
D)
Credited to the P/L A/c done
clear
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question_answer10)
By contributing capital, a new partner will get the right in ____
A)
Assets done
clear
B)
Liabilities done
clear
C)
Reserves done
clear
D)
Accumulated Profits done
clear
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question_answer11)
By paying premium for goodwill a new partner will get the right to ____
A)
Share reserves done
clear
B)
Share future profits done
clear
C)
Share accumulated profits done
clear
D)
Share old goodwill appearing in B/s done
clear
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question_answer12)
Employees Provident Fund is not distributed among the partners because it is a:
A)
Statutory liability done
clear
B)
Accumulated profit done
clear
C)
Free reserve done
clear
D)
Fictitious asset done
clear
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question_answer13)
Which of the following is not distributed among the partners?
A)
General reserve done
clear
B)
Contingency reserve done
clear
C)
Retained earnings done
clear
D)
Workers profit sharing fund done
clear
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question_answer14)
Revaluation account is also known as:
A)
Profit and Loss Adjustment Account done
clear
B)
Profit and Loss Appropriation Account done
clear
C)
Profit and Loss Account done
clear
D)
Statement of Profit & Loss done
clear
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question_answer15)
Preliminary expense, advertisement suspense, deferred revenue expenditure will be:
A)
Debited to the sacrificing partners done
clear
B)
Debited to the all partners Capital/Current Accounts (including new partner) done
clear
C)
Debited to the old partners Capital/Current Accounts done
clear
D)
Debited to the new partner's Current Account done
clear
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question_answer16)
Match the following :
(i) | New Profit Share = | (a) | New Profit Share + Sacrifice |
(ii) | Old Share = | (b) | Old Profit Share New Profit Share |
(iii) | Sacrifice = | (c) | New Profit Share Old Profit Share |
(iv) | Gain = | (d) | Old Profit Share Sacrifice |
A)
(i) d; (ii) a; (iii) c; (iv) b done
clear
B)
(i) d; (ii) b; (iii) c; (iv) a done
clear
C)
(i) d; (ii) c; (iii) b; (iv) a done
clear
D)
(i) d; (ii) a; (iii) b; (iv) c done
clear
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question_answer17)
Match the following:
(i) | Old Partners | (a) | Premium for Goodwill |
(ii) | Sacrificing Partners | (b) | Profit of the newly reconstituted firm |
(iii) | All Partners | (c) | Introduce capital |
(iv) | New Partner | (d) | Revaluation Profit |
A)
(i) d; (ii) a; (iii) b; (iv) c done
clear
B)
(i) d; (ii) a; (iii) c; (iv) b done
clear
C)
(i) d; (ii) b; (iii) a; (iv) c done
clear
D)
(i) d; (ii) b; (iii) c; (iv) a done
clear
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question_answer18)
M and N are partners sharing profits in the ratio of 5:3. They admit Q as a new partner for 20% share in the future profits of the firm. New profit sharing ratio:
A)
1:1:1 done
clear
B)
3:2:1 done
clear
C)
5:3:3 done
clear
D)
5:3:2 done
clear
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question_answer19)
X and Y are partners sharing profits in the ratio of 3:2. They admit Z as a new partner by giving him 1/3rd share in future profits. The new ratio will be:
A)
12 : 8 : 5 done
clear
B)
8 : 12 : 5 done
clear
C)
5 : 5 : 12 done
clear
D)
6 : 4 : 5 done
clear
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question_answer20)
PK and JK are partners. BK is admitted for 1/4th share. What is the ratio in which PK and JK will sacrifice their share of profit in favour of BK?
A)
In 2:1 Ratio done
clear
B)
In 1 : 1 Ratio done
clear
C)
In Capital Ratio done
clear
D)
In 3 : 4 Ratio done
clear
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question_answer21)
A and B are partners in a firm sharing profits in the ratio of 5 : 3. They admit C as a new partner for 1/7 share. New Ratio will be 4:2:1. Sacrificing ratio will be;
A)
5 : 3 done
clear
B)
3 : 2 done
clear
C)
3 : 5 done
clear
D)
4 : 2 done
clear
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question_answer22)
R and T are partners in a firm sharing profits in the ratio of 3:2. M joins the firm. R surrenders 1/4th of his share and T 1/5th of his share in favour of M. New Profit sharing ratio will be:
A)
3 : 2 : 1 done
clear
B)
45 : 32 : 23 done
clear
C)
5 : 3 : 2 done
clear
D)
45 : 32 : 25 done
clear
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question_answer23)
M and N are partners in a firm sharing profits in the ratio of 3:2. They admitted R as a new partner for 1/4th Share. The new profit sharing ratio between M and N will be 2:1. Sacrificing Ratio of M and N:
A)
3:2 done
clear
B)
1:1 done
clear
C)
2:1 done
clear
D)
2:3 done
clear
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question_answer24)
X and Y sharing profits in the ratio of 2:1. Z joins the firm. X surrenders 1/4th of his share and Y 1/5th of his share in favour of Z. New profit sharing ratio will be:
A)
15:8:7 done
clear
B)
2:1:1 done
clear
C)
15:7:8 done
clear
D)
15:10:5 done
clear
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question_answer25)
X and Y were partners in a firm sharing profits in the ratio of 7 : 3. Z was admitted for 1/5th share in the profits which he took 75% from X and remaining from Y. Sacrificing ratio of X and Y:
A)
1:1 done
clear
B)
3:2 done
clear
C)
7:3 done
clear
D)
3:1 done
clear
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question_answer26)
Bharati and Astha were partners sharing profits and losses in the ratio of 3:2. They admitted Dinkar as a new partner for 1/5th share in the future profits of the firm which he got equally from Bharati and Astha. New profit sharing ratio:
A)
5:3:2 done
clear
B)
3:2:1 done
clear
C)
1:1:1 done
clear
D)
5:3:1 done
clear
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question_answer27)
Amit and Beena were partner in a firm sharing profits in the ratio of 3:1. Chaman was admitted as a new partner for 1/6th share in the profits. Chaman acquired 2/5th of his share from Amit. How much share did Chaman Acquired from Beena?
A)
1/5 done
clear
B)
1/6 done
clear
C)
1/8 done
clear
D)
1/10 done
clear
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question_answer28)
X and Y sharing profits in the ratio of 5:3. They admit Z as a new partner. Z brings Rs. 70,000 as cash and 43,000 against his premium for goodwill. New profit sharing ratio between X, Y and Z is 7 : 5 : 4. The Sacrificing ratio of X and Y:
A)
3:1 done
clear
B)
5:9 done
clear
C)
1:3 done
clear
D)
4:5 done
clear
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question_answer29)
A and B were partners in a firm sharing profits in the ratio of 3 : 2. C and D were admitted as new partners. A sacrificed 1/4th of his share in favour of C and B sacrificed 50% of his share in favour of D. New profit sharing ratio of A, B, C and D:
A)
9:4:4:3 done
clear
B)
3:2:1:1 done
clear
C)
1:1:1:1 done
clear
D)
9:4:3:4 done
clear
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question_answer30)
A. B and C were partners in a firm sharing profits and losses in the ratio of 1/2:1/3 and 1/6. D was admitted in the firm for 1/6th share. C would retain his original share. New profit sharing ratio:
A)
1:1:1:1 done
clear
B)
3:2:1: 1 done
clear
C)
12:8:5:3 done
clear
D)
12:8:5:5 done
clear
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question_answer31)
VK, MK and PK are partners sharing profit/losses in ratio 3:2:1. They admit SP for l/6th share. VK would certain his original share. New ratio will be:
A)
15 : 12 : 2 : 5 done
clear
B)
15 : 10 : 6 : 2 done
clear
C)
15 : 4 : 2 : 2 done
clear
D)
9 : 4 : 2 : 3 done
clear
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question_answer32)
Mohan and Sohan are partners in a firm sharing profits in the ratio of 3:2. They admit Karan for 1/51 share in the profits of the firm, which he gets equally from Mohan and Sohan. New Profit Sharing Ratio will be:
A)
5:3:2 done
clear
B)
3:2:1 done
clear
C)
5::4:3 done
clear
D)
3:1:1 done
clear
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question_answer33)
S, B and J were partners in a firm. T was admitted as a new partner in the partnership firm for 1/5th share of profits. Sacrificing ratio of S, B and J:
A)
3:2:1 done
clear
B)
2:2:1 done
clear
C)
2:1:1 done
clear
D)
1:1:1 done
clear
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question_answer34)
R and S are partners in a firm sharing profits in the ratio of 3:2. They admit T as a new partner. R surrenders 1/5th share of his profits and S surrenders 2/5th of his share in favour of T. New profit share ratio will be:
A)
12:6:7 done
clear
B)
3:2:1 done
clear
C)
5:3:2 done
clear
D)
12: 8 :5 done
clear
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question_answer35)
A and B are partners sharing profits in the ratio of 7:3. They admit C a new partner. A sacrificed 1/7th share of his profit and B sacrificed 1/3rd of his share in favour of C. The new ratio will be:
A)
3:1:1 done
clear
B)
2:1:1 done
clear
C)
2:2:1 done
clear
D)
1:1:1 done
clear
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question_answer36)
On 1st April 2021, Vinod and Rishi admitted Gagan as a partner. Their profit sharing ratio being 5:4:3 respectively. Assuming before admission of Gagan the profit sharing ratio of Vinod and Rishi was equal. Sacrificing Ratio will be:
A)
2:1 done
clear
B)
1:2 done
clear
C)
1:1 done
clear
D)
5:4 done
clear
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question_answer37)
Ashok and Sudha were partners in a firm sharing profits and losses in the ratio of 3 :1. They admitted as a new partner. Ashok sacrificed 1/4th of his share and Sudha sacrificed 1/4th of her share is favour of Bani's share in the profits of the firm will be :
A)
5/8 done
clear
B)
1/8 done
clear
C)
1/4 done
clear
D)
7/16 done
clear
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question_answer38)
A, B, C and D are partners. A and B share 2/3rd of profits equally and C and D share remaining profit the ratio of 3:2. Profit sharing ratio of the partners:
A)
5 : 5 : 3 : 2 done
clear
B)
7 : 7 : 6 : 4 done
clear
C)
5 : 5 : 16 : 12 done
clear
D)
3 : 9 : 8 : 3 done
clear
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question_answer39)
Gagan, Vinod and Shubham are partners. Juhi is admitted as new partner. Sacrificing ratio of the partners is 1:2:1. New profit sharing ratio 2:1:1:1. What was the old profit sharing ratio of Gagan, Vinod and Shubham?
A)
2:1:1 done
clear
B)
13:14:9 done
clear
C)
9:6:5 done
clear
D)
1:2:1 done
clear
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question_answer40)
A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. They admitted D as a new partner for 1/8th share in the profits, which he acquired 1/16th from B and 1/16th from C. New Profit Sharing Ratio:
A)
24 : 13 : 5 : 6 done
clear
B)
3 : 2 : 1 : 1 done
clear
C)
24 : 13 : 5 : 5 done
clear
D)
3 : 2 : 2 : 1 done
clear
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question_answer41)
P, Q and R were partners in a firm sharing profits in the ratio of 3:2:1. They admitted M as a new partner for 1/8th share in the profits, which he acquired 1/16th from P and 1/16th from Q. New Profit Sharing Ratio:
A)
24 : 13 : 5 : 6 done
clear
B)
3 : 2 : 1 : 1 done
clear
C)
21 : 13 : 8 : 6 done
clear
D)
1 : 1 : 1 : 1 done
clear
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question_answer42)
NK and AK were partners sharing profits in the ratio of 3:2. They admitted JK as a new partner for 3/10th share which he acquired 2/10th from NK and 1/10th from AK. New profit sharing ratio:
A)
3:2:1 done
clear
B)
4:3:1 done
clear
C)
4:3:2 done
clear
D)
4:3:3 done
clear
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question_answer43)
X and Y are partners sharing profits in the ratio of 4:3. They admit Z as a new partner. New profit sharing ratio among the partners was decided 3:2:2. Y surrendered 1/3rd of his share in favour of Z. X's Sacrifice will be;
A)
1/3rd done
clear
B)
1/5th done
clear
C)
1/6th done
clear
D)
1/7th done
clear
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question_answer44)
L and M are partners in a firm, sharing profits in the ratio of 7:3. They admit N for 3/7th share of profits, which he takes 2/7th from L and 1/7th from M. New profit sharing ratio:
A)
29:11:30 done
clear
B)
7:3: 2 done
clear
C)
29: 20: 12 done
clear
D)
7:3:3 done
clear
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question_answer45)
Kabir and Farid are partners in a firm sharing profits in the ratio of 3:1 on 1-4-2019 they admitted Manik into partnership for 1/4th share in the profits of the firm. Manik brought his share of goodwill premium in cash. |
Goodwill of the firm was valued on the basis of 2 years purchase of last three years average profits. The profits of last three years were : |
2016-17 ................................................................... 90,000 |
2017-18 ................................................................... 1,30,000 |
2018-19 .................................................................... 86,000 |
During the year 2018-19 there was a loss of Rs. 20,000 due to fire which was not accounted for while calculating the profit. |
Goodwill of the firm: |
A)
2,04,000 done
clear
B)
2,00,000 done
clear
C)
1,08,667 done
clear
D)
1,02,000 done
clear
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question_answer46)
Hari and Krishan were partners sharing profits and losses in the ratio of 2 : 1. They admitted Shyam as a partner for 1/5th share in the profits. For this purpose, the Goodwill of the firm was to be valued on the basis of three years' purchase of last five years average profits. The profits for the last five years were : |
Year |
2013-14 |
2014-15 |
2015-16 |
2016-17 |
2017-18 |
Profit |
50,000 |
40,000 |
75,000 |
(25,000) |
50,000 |
|
The profit of 2014 - 15 was calculated after charging Rs. 10,000 for abnormal loss of goods by fire. |
Goodwill of the firm: |
A)
1,00,000 done
clear
B)
1,10,000 done
clear
C)
1,20,000 done
clear
D)
1,30,000 done
clear
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question_answer47)
A and B are partners in a firm sharing profits and losses in the ratio of 2 :1. On 1st April, 2017 they decided to admit C into partnership for 1/5th share in the profits. For this purpose, goodwill was valued at 80% of the average annual profits of the previous four years. The profits of the last four years were : |
31.3.2014
............................................1,67,000 |
31.3.2015
............................................1,56,000 |
31.3.2016......................................................................1,92,000 |
31.3.2017
........................................................(10,000) |
The value of goodwill of the firm: |
A)
1,00,000 done
clear
B)
1,01,000 done
clear
C)
1,02,000 done
clear
D)
1,04,000 done
clear
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question_answer48)
A and B are partners in a firm with capital of Rs. 1,80,000 and Rs. 2,00,000. Z was admitted for 1/3rd share in profits and brings Rs. 3,40,000 as capital. Goodwill of the firm:
A)
2,40,000 done
clear
B)
3,00,000 done
clear
C)
1,00,000 done
clear
D)
1,00,000 done
clear
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question_answer49)
Vinod and Gagan are partners sharing profits in the ratio of 7:3. They decided to admit Rishi as a new partner and new profit sharing ratio decided 5:3:2. Rishi brings Rs. 40,000 as his capital and Rs. 5,000 as his share of goodwill. Vinod's Capital Account will be credited with:
A)
1500 done
clear
B)
2500 done
clear
C)
1000 done
clear
D)
5,000 done
clear
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question_answer50)
Aditya and Shiv were partners in a firm with capitals of Rs. 3,00,000 and Rs. 2,00,000 respectively. Naina was admitted as a new partner for 1/4th share in the profits of the firm. Naina brought Rs. 1,20,000 for her share of goodwill premium and Rs. 2,40,000 for her capital. The amount of goodwill premium credited to Aditya will be :
A)
40,000 done
clear
B)
30,000 done
clear
C)
72,000 done
clear
D)
60,000 done
clear
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question_answer51)
A and B are partners sharing profits in the ratio of 7:3. They decided to admit Rishi as a new partner and new profit sharing ratio is 4:3:3. Rishi Paid Rs. 12,000 as his share of goodwill. Amount of goodwill transfer to the capital account of B:
A)
1200 done
clear
B)
4800 done
clear
C)
3600 done
clear
D)
Nil done
clear
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question_answer52)
Puneet and Deepak were in partnership sharing profits and losses in the ratio of 2 :1. They admitted Manya as a new partner. Manya brought Rs. 1,00,000 as her share of goodwill premium, which was entirely credited to Puneet's capital account. On the date of admission, goodwill of the firm was valued at Rs. 3,00,000. New profit sharing ratio of Puneet, Deepak and Manya:
A)
2:1:1 done
clear
B)
2:2:1 done
clear
C)
3:2:1 done
clear
D)
1:1:1 done
clear
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question_answer53)
Anita and Babita were partners sharing profits and losses in the ratio of 3:1. Savita was admitted for 1/5th share in the profits. Savita was unable to bring her share of goodwill premium in cash. The journal entry recorded for goodwill premium is given below : |
Date | Particulars | L.F. | Debit | Credit | | Savita's Current A/c. | Dr. | | 24,000 | | | To Anita's Capital A/c | | | 8,000 | | To Babita's Capital A/c | | | 16,000 | (Being adjustment of goodwill premium on Savita's Admission) | | | | | | | | | | | |
The new profit sharing ratio of Anita, Babita and Savita, will be: |
A)
41 : 7 : 12 done
clear
B)
13 : 12 : 10 done
clear
C)
3 : 1 : 1 done
clear
D)
5 : 3 : 2 done
clear
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question_answer54)
Vinod and Sunita are sharing profits in the ratio of 5:3. They admit Yuvraj as a new partner for 1/5th share. Yuvraj brings his share of premium in cash out of which 30% of the amount (which was credited to them) was withdrawn by the Vinod and Sunita. Amount withdrawn by Sunita was Rs. 450. How much amount of premium was withdrawn by Vinod ?
A)
4,000 done
clear
B)
2,500 done
clear
C)
1,500 done
clear
D)
750 done
clear
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question_answer55)
A and B are partners sharing profits in the ratio of 5:4. They decided to admit Rishi as a new partner fan 1/3rd share which he takes 2/9 from A and 1/9 from B. Rishi Paid Rs. 27,000 as his share of goodwill. Amount of goodwill transfer to the Capital Account of A and B;
A)
A = 15,000; B = 12,000 done
clear
B)
A = 9,000; B = 18,000 done
clear
C)
A = 13,500; B = 13,500 done
clear
D)
A = 18,000; B = 9,000 done
clear
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question_answer56)
A and B are sharing profits in the ratio of 3:2. They admit C into partnership for 1/5th share. New profit sharing among the partners decided 5:3:2. B's Capital Account was credited with ` 5,000 for premium for goodwill. Premium for goodwill brought in by C:
A)
10,000 done
clear
B)
20,000 done
clear
C)
30,000 done
clear
D)
40,000 done
clear
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question_answer57)
A and B are partners sharing profits in the ratio of 5:4. A surrender 1/5th from his share and B surrender 1/4 of his share in favour of Rishi. Rishi Paid Rs. 14,000 as his share of goodwill. Amount of premium goodwill transfer to the capital account of A and B:
A)
A = 9,000; B = 5,000 done
clear
B)
A = 5,000; B = 9,000 done
clear
C)
A = 7,000; B = 7,000 done
clear
D)
Nil done
clear
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question_answer58)
Premium for goodwill brought in by C:
A)
9,000 done
clear
B)
10,000 done
clear
C)
12,000 done
clear
D)
20,000 done
clear
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question_answer59)
A and B are partners sharing profits in the ratio of 5:2. They decided to admit Rishi as a new partner and new profit sharing ratio is 3:3:1. Rishi Paid Rs. 10,000 as his share of goodwill. B's Capital account is to be credited/debited with:
A)
10,000 (Dr.) done
clear
B)
10,000 (Cr.) done
clear
C)
2850 (Dr.) done
clear
D)
2850 (Cr.) done
clear
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question_answer60)
A and B are partners sharing profits in the ratio of 5:4. A surrender 1/5th from his share and B surrender 1/4 of his share in favour of Rishi. Goodwill of the firm is 45,000. Rishi's Share of goodwill is:
A)
16,000 done
clear
B)
15,000 done
clear
C)
14,000 done
clear
D)
13,000 done
clear
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question_answer61)
Premium for goodwill is not recorded at all on admission of a partners:
A)
If Paid Privately done
clear
B)
If Brought in cash done
clear
C)
If Brought in kind done
clear
D)
When new partner does not bring his share of goodwill done
clear
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question_answer62)
A and B are partners sharing profits in the ratio of 3:1. They decided to admit Rishi as a new partner and new profit sharing ratio is 1:1:1. Rishi Paid Rs. 2,00,000 as his share of goodwill. B's Capital account is to be credited/debited with:
A)
30,000 (Dr.) done
clear
B)
30,000 (Cr.) done
clear
C)
50,000 (Dr.) done
clear
D)
50,000 (Cr.) done
clear
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question_answer63)
A and B are partners sharing profits in the ratio of 3:1. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:1:1. Goodwill already appeared in the book is Rs. 40,000. Amount of old goodwill transfer to the capital account of partners:
A)
A = 30,000; B = 10,000 done
clear
B)
A = 20,000; B = 10,000; C = 10,000 done
clear
C)
A = 10,000 done
clear
D)
A = 10,000; B = 30,000 done
clear
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question_answer64)
A and B are partners sharing profits in the ratio of 4:3. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:2:3. Goodwill already appeared in the book is Rs. 70,000. Amount of old goodwill transfer to the capital account of A and B
A)
A = 30,000; B = 40,000 done
clear
B)
A = 20,000; B = 20,000; C = 30,000 done
clear
C)
A = 46,667; B = 23,333 done
clear
D)
A = 40,000; B = 30,000 done
clear
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question_answer65)
A and B are partners sharing profits in the ratio of 3:2. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:2:1. Goodwill already appeared in the book is Rs. 50,000. Correct Journal Entry will be:
A)
B)
C)
D)
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question_answer66)
A and B are partners sharing profits in the ratio of 3:2. They decided to admit Rishi as a new partner and new profit sharing ratio is 2:1:2. Rishi Paid Rs. 2,00,000 as his share of goodwill and 30% of the amount 4 premium for goodwill credited is withdrawn by the sacrificing partners. Amount withdrawn by B will be:
A)
1,00,000 done
clear
B)
30,000 done
clear
C)
80,000 done
clear
D)
40,000 done
clear
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question_answer67)
A and B are partners sharing profits in the ratio of 5:3. They decided to admit Rishi as a new partner and new profit sharing ratio is 3:2:3. Rishi Paid Rs. 24,000 as his share of goodwill and 30% of the amount of goodwill is withdrawn by sacrificing partners. Journal entry for premium withdrawn will be:
A)
B)
C)
D)
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question_answer68)
A and B are partners sharing profits in the ratio of 3:2. They decided to admit C as a new partner and new profit sharing ratio is 2:1:2. C could not bring his share of goodwill. The firm's goodwill was calculated on the date of admission Rs. 10,000. Identify the correct journal entry:
A)
B)
C)
D)
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question_answer69)
A and B are partners sharing profits in the ratio of 3:2. They decided to admit C as a new partner with 1/4th share in future profit. The new profit sharing ratio is 5:4:3. C could not bring his share of goodwill in cash. On the date of admission, firm's goodwill was calculated Rs. 72,000., Capital Accounts of A and B will be credited with:
A)
A = 13,200; B = 4,800 done
clear
B)
A = 10,800; B = 7,200 done
clear
C)
A = 10,000; B = 8,000 done
clear
D)
A = 52,800; B = 19,200 done
clear
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question_answer70)
X and Y are sharing profits in the ratio of 4:1. They admit Z as a new partner for 1/3rd share in profits. New ratio of all the partners will be 1:1:1. At the time of admission of Z, Balance Sheet shows a Balance of General Reserve Rs. 30,000. Partners have decided not to distribute the General Reserve. What will be the impact on Y's Capital Account?
A)
No impact because they will not distribute Reserve done
clear
B)
6,000 Credit to his capital account done
clear
C)
10,000 Credit to his capital account done
clear
D)
4,000 Debit to his capital account done
clear
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question_answer71)
A and B are partners sharing profits in the ratio of 2:1. They decided to admit C and D as a new partner and profit sharing ratio become 3:2:4:1. C and D bring their share of goodwill in the form of furniture amounting to Rs. 90,000. Capital Accounts of A and B credited with:
A)
A = 60,000; B = 30,000 done
clear
B)
A = 66,000; B = 24,000 done
clear
C)
A = 24,000; B = 66,000 done
clear
D)
A = 30,000; B = 60,000 done
clear
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question_answer72)
X, Y and Z are partners sharing profits in the ratio of 3:2:1. They admit M as a new partner for 1/6th share. At the time of admission of M, firm's balance sheet shows some Goodwill amount which was written off by the partners. Y's Capital Account was debited with Rs. 21,000. What amount of Goodwill was appeared in the Balance Sheet?
A)
63,000 done
clear
B)
48,000 done
clear
C)
54,000 done
clear
D)
60,000 done
clear
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question_answer73)
A and B are partners sharing profits in the ratio of 5:3. They decided to admit C as a new partner and profit sharing ratio become 3:2:3. On the date of admission C's share of goodwill is Rs. 24,000 out of which C only bring 15,000 in cash. Capital Accounts of A and B credited with :
A)
A = 16,000; B = 8,000 done
clear
B)
A = 8,000; B = 16,000 done
clear
C)
A = 6,000; B = 3,000 done
clear
D)
A = 3,000; B = 6,000 done
clear
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question_answer74)
A and B are partners sharing profits in the ratio of 3:2. They decided to admit C as a new partner and profit sharing ratio become 3:2:3. C brought 45000 as his capital. Partners capitals are fixed, their capitals are : A 45000 and B 10000. C's share of goodwill will be:
A)
10,000 done
clear
B)
28,125 done
clear
C)
20,000 done
clear
D)
7,500 done
clear
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question_answer75)
A and B are partners sharing profits in the ratio of 3:2. They decided to admit C as a new partner on 1st Apr. 2021 and profit sharing ratio becomes 3:1:1. C brought 1,20,000 as his capital. On 31 Mar. 2021 their capitals were A 1,50,000 and B 1,00,000. On the date of C's admission balance sheet shows Profit and Loss (Cr) balance 30,000. C's share of goodwill will be :
A)
2,00,000 done
clear
B)
40,000 done
clear
C)
1,20,000 done
clear
D)
80,000 done
clear
View Solution play_arrow
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question_answer76)
How would you show unrecorded investments worth Rs. 10,000 in accounts?
A)
Revaluation A/c Cr. Side and Liabilities side done
clear
B)
Revaluation A/c Dr. side and Liabilities side done
clear
C)
Revaluation A/c Dr. Side and Assets side done
clear
D)
Revaluation A/c Cr. Side and Assets side in the Balance Sheet done
clear
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question_answer77)
How would you show unrecorded liability towards suppliers of Rs. 4,000?
A)
Dr. Revaluation A/c and Assets side of Balance Sheet done
clear
B)
Cr. Revaluation A/c and Assets side of Balance Sheet done
clear
C)
Dr. Revaluation A/c and Liabilities side of Balance Sheet done
clear
D)
Cr. Revaluation A/c and Assets side of Balance Sheet done
clear
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question_answer78)
A and B are partners sharing profits in the ratio of 7 : 3. C is admitted and new profit sharing ratio is agreed at 3 : 2 : 5. Revaluation profit is 10,000. Revaluation profit distributed to the partners :
A)
A = 7000; B = 3000 done
clear
B)
A = 3000; B = 2000; C = 5000 done
clear
C)
A = 8000; B = 2000 done
clear
D)
Revaluation profit is not distributed among the partners done
clear
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question_answer79)
Mona and Tina were partners in a firm sharing profits in the ratio of 3 : 2. Naina was admitted for 1/6th share in the profits of the firm. At the time of admission. Workmen's Compensation Reserve appeared in the Balance Sheet of the firm at Rs. 32,000. The claim on account of workmen's compensation was determined at Rs. 40,000. Excess of claim over the reserve will be:
A)
Credited to Revaluation Account. done
clear
B)
Debited to Revaluation Account. done
clear
C)
Credited to old partner's Capital Account. done
clear
D)
Debited to old partner's Capital Account. done
clear
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question_answer80)
A debtor whose dues of ` 1,900 were written off as bad debts, now paid ` 700 in full settlement. How would you record this item?
A)
Cr. Side of Revaluation A/c ` 700 and add same in cash/bank account done
clear
B)
1,900 Dr. Side of Revaluation A/c and 700 Cr. Side done
clear
C)
1,200 Dr. Side of Revaluation A/c and 700 in cash account done
clear
D)
700 Cr. Side of Revaluation A/c and deduct 700 from debtors done
clear
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question_answer81)
A debtor who was declared insolvent by the court and whose dues of Rs. 80,000 were written off as bad debts, now promised to pay 50% of the amount. How would you record this item at the time of admission of a new partner?
A)
Cr. Side of Revaluation A/c Rs. 40,000 and add same in cash/bank account done
clear
B)
80,000 Dr. Side of Revaluation A/c and 40,000 Cr. Side done
clear
C)
80,000 Dr. Side of Revaluation A/c and 40,000 in cash account done
clear
D)
No Entry for Promise (no effect at all) done
clear
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question_answer82)
In the case of admission of a partner, unrecorded stock of Rs. 30,000 to be shown in the:
A)
Credit side of Partners capital account done
clear
B)
Debit side of Partners capital account done
clear
C)
Credit side of Revaluation account done
clear
D)
Debit side of Revaluation account done
clear
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question_answer83)
A and B are partners sharing profits in the ratio of 3 : 2. C is admitted and new profit sharing ratio is agreed at 2 : 2 : 1. At the time of revaluation, it was found that, Stock was overvalued at Rs. 20,000 and salary outstanding was Rs. 5000. Revaluation Profit/ loss distributed to the partner:
A)
Revaluation Gain A = 15000; B = 10000 done
clear
B)
Revaluation Gain A = 10000; B = 10000; C = 5000 done
clear
C)
Revaluation loss A = 15000; B = 10000 done
clear
D)
Revaluation Loss A =10000; B = 10000; C = 5000 done
clear
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question_answer84)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the time of admission of Z. |
Liabilities | Amount | Assets | Amount | | | Machinery | 2,75,000 | | | Furniture | 51,000 | |
Additional information: Machinery was overvalued by 10% and Furniture was undervalued by 15%. |
Revaluation Gain/Loss will be: |
A)
Gain 19,850 done
clear
B)
Loss 19,850 done
clear
C)
Gain 16,000 done
clear
D)
Loss 16,000 done
clear
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question_answer85)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the time of admission of Z. |
Liabilities |
Amount |
Assets |
Amount |
Creditors |
50,000 |
Debtors |
45,000 |
|
|
|
Less: Provision for Doubtful debts |
5,000 |
40,000 |
|
Additional information: There were Bad Debts of Rs. 10,000 written off this year. Provision for doubtful debts is to be maintained @5% on Debtors. Creditors of Rs. 30,000 were settled in 21,250. |
Revaluation Gain/Loss will be: |
A)
Gain Rs. 500 done
clear
B)
Loss 500 done
clear
C)
Gain Rs. 2,000 done
clear
D)
3,250 done
clear
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question_answer86)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information if available at the time of admission of Z. |
Liabilities |
Amount |
Assets |
Amount |
Creditors |
40,000 |
Debtors |
18,000 |
|
Less: Provision for Doubtful debts |
2,000 |
16,000 |
|
Additional information : Debtors Rs. 1,500 will be written off as bad debts and a provision of 5% will be created for bad and doubtful debts. Creditors of Rs. 1,275 not recorded in the books earlier to be taken into account. |
Revaluation Gain/Loss will be: |
A)
950 Gain done
clear
B)
950 Loss done
clear
C)
1,600 Gain done
clear
D)
1,600 Loss done
clear
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question_answer87)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the time of admission of Z.. |
Liabilities |
Amount |
Assets |
Amount |
Workmen Compensation Reserve |
40,000 |
|
|
|
Additional information: There was a claim against the damages of Rs. 20,000 0ut of which 12,000 was accepted by the firm. |
Revaluation Gain/Loss will be: |
A)
Gain 28,000 done
clear
B)
Gain 8,000 done
clear
C)
Loss 8,000 done
clear
D)
Loss 12,000 done
clear
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question_answer88)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the tune of admission of Z. |
Liabilities |
Amount |
Assets |
Amount |
Workmen Compensation Reserve |
60,000 |
|
|
|
Additional information: There was a claim on account of Workmen Compensation for Rs. 30,000 out of which 24,000 was accepted by the firm. |
What will be the impact on Y's Capital Account? |
A)
His Capital Account Credited with 15,000 done
clear
B)
His Capital Account Credited with 18,000 done
clear
C)
His Capital Account Credited with 30,000 done
clear
D)
No impact at all done
clear
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question_answer89)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the time of admission of Z. |
Liabilities |
Amount |
Assets |
Amount |
Workmen Compensation Reserve |
80,000 |
|
|
|
Additional information: There was a claim on account of Workmen Compensation for Rs. 1,20,000 out of which 90,000 was accepted by the firm. |
What will be the impact on X's Capital Account for Revaluation Gain/loss? |
A)
His Capital Account Credited with 5,000 done
clear
B)
His Capital Account Debited with 5,000 done
clear
C)
His Capital Account Credited with 10,000 done
clear
D)
No impact at all done
clear
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question_answer90)
X and Y are partners sharing profits equally. They admit Z for 1/3rd share in profits. Following information is available at the time of admission of Z. |
Liabilities |
Amount |
Assets |
Amount |
|
|
Debtors |
60,000 |
|
|
|
Less: Provision for Doubtful debts |
5,000 |
|
|
Additional information : Bad debts amounting to Rs. 7,000 are to be written off. Yash, an old customer who was declared insolvent by the court and whose account was written off as bad debts before 2 years for Rs. 10,000, has promised to pay 40% of the amount. |
Final value of Debtors will be shown in new Balance Sheet: |
A)
53,000 done
clear
B)
57,000 done
clear
C)
60,000 done
clear
D)
55,000 done
clear
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question_answer91)
X and Y are partners. On 31st March 2021, the firm shows the value of total assets Rs. 5,40,000 and outside liabilities Rs. 1,00,000. Z was admitted for 1/4th share in the profits of the firm. Z brings Rs. 2,00,000 as his capital. He will also bring cash for his share of premium for goodwill. Impact on Y's Capital Account for premium for goodwill:
A)
Credit with Rs. 45,000 done
clear
B)
Credit with Rs. 20,000 done
clear
C)
Credit with Rs. 40,000 done
clear
D)
Credit with Rs. 10,000 done
clear
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question_answer92)
Atul and Neera were partners in a firm sharing profits in the ratio of 3 : 2. They admitted Mitali as a new partner. Goodwill of the firm was valued at Rs. 2,00,000. Mitali brings her share of goodwill premium of Rs. 20,000 in cash, which is entirely credited to Atul's Capital Account. New profit sharing ratio:
A)
5:4:3 done
clear
B)
5:4:2 done
clear
C)
5:4:4 done
clear
D)
5:4:1 done
clear
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question_answer93)
Vinod and Rishi are partners in a firm having capital balances of Rs. 54,000 and Rs. 36,000. They admit Kamlesh for 1/3rd share. Kamlesh brings proportionate amount of capital. Capital of Kamlesh:
A)
36,000 done
clear
B)
90,000 done
clear
C)
45,000 done
clear
D)
5,400 done
clear
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question_answer94)
Sun and Star were partners in a firm sharing profits in the ratio of 2 : 1. Moon was admitted as a new partner in the firm. New profit sharing ratio was 3 : 3 : 2. Moon brought the following assets towards his share of goodwill and his capital; |
Machinery.................................................................................2,00,000 |
Furniture...................................................................................1,20,000 |
Stock..........................................................................................80,000 |
Cash...........................................................................................50,000. |
If his capital is considered as Rs. 3,80,000, the goodwill of the firm will be: |
A)
70,000 done
clear
B)
2,80,000 done
clear
C)
4,50,000 done
clear
D)
1,40,000 done
clear
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question_answer95)
Disha and Abha were partners in a firm. Farad was admitted as a new partner for 1/5th share in the profits of the firm. Farad brought proportionate capital. Capitals of Disha and Abha after all adjustments were Rs. 64,000 and Rs. 46,000 respectively. Capital brought by Farad was :
A)
22,000 done
clear
B)
27,500 done
clear
C)
55,000 done
clear
D)
28,000 done
clear
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question_answer96)
Kiya and Leela are partners sharing profits in the ratio of 3 : 2. Kiran was admitted as a new partner with 1/5th share in the profits and brought in Rs. 24,000 as her share of goodwill premium that was credited to the capital accounts of Kiya and Leela respectively with Rs. 18,000 and Rs. 6,000. New profit sharing ratio of Kiya, Leela and Kiran:
A)
3:2:1 done
clear
B)
1:1:1 done
clear
C)
9:4:7 done
clear
D)
9:7:4 done
clear
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question_answer97)
King, Queen and Bishop are partners sharing profits in the ratio of 10:6:5. They admit Knight and decide that profit sharing ratio between Bishop and Knight shall be same as existing between King and Queen. New profit sharing ratio among the partners will be:
A)
1:1:1:1 done
clear
B)
10:6:5:5 done
clear
C)
10:6:5:3 done
clear
D)
3:2:1:1 done
clear
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question_answer98)
X and Y are partners with capitals of Rs. 39,000 and Rs. 27,000. They admit Z as partner with 1/5th share in profit of the firm. Z brings Rs. 24,000 as capital. Z's Share for premium for goodwill:
A)
12,000 done
clear
B)
6,000 done
clear
C)
8,000 done
clear
D)
7,000 done
clear
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question_answer99)
X, Y and Z are partners, sharing profits 2:1:1. On 1st April 2021, they admitted M as a new partner. New profit sharing ratio decided 1:2:1:1. B has gained 3/20th share, so his capital account was debited with Rs. 18,000. How much premium for goodwill brought in by M?
A)
20,000 done
clear
B)
22,000 done
clear
C)
24,000 done
clear
D)
30,000 done
clear
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question_answer100)
X and Y are sharing profits in the ratio of 5:3. They admit Z as a new partner. At the time of admission following information is available. Balance sheet (Extract)
Liabilities | Amount | Assets | Amount |
| | Furniture | 20,000 |
| | Debtors | 50,000 | |
| | (-) Provision for doubtful debt | 5,000 | 45,000 |
| | Stock | 10,000 |
Match the following:
1. | All debtors are good; Stock is overvalued by 3000; Furniture brought upto 150% | (A) | Revaluation Profit = 6000 |
2. | All debtors are good; Stock is overvalued by 3000; Furniture increased to 24000 | (B) | Revaluation Profit = 26000 |
3. | All debtors are good; Stock is undervalued by 3000; Furniture brought upto 150% | (C) | Revaluation Profit = 12000 |
4. | All debtors are good; Stock is overvalued by 3000; Furniture increased by 24000 | (D) | Revaluation Profit = 18000 |
A)
1-[B]; 2-[C]; 3-[D]; 4-[A] done
clear
B)
1-[B]; 2-[C]; 3-[A]; 4-[D] done
clear
C)
1-[C]; 2-[A]; 3-[D]; 4-[B] done
clear
D)
1-[C]; 2-[D]; 3-[A]; 4-[B] done
clear
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question_answer101)
A and B are partners. They admit C as a new partner. At the time of admission of C following position appears: Balance sheet (Extract)
Liabilities |
Amount |
Assets |
Amount |
|
|
Stock |
10,000 |
|
|
Furniture |
20,000 |
Match the Followings :
1. |
Stock is undervalued by 2000; Furniture increased to 21,000 |
(A) |
Revaluation Profit = 23,000 |
2. |
Stock is revalued at 12,000; Furniture increased by 21000 |
(B) |
Revaluation loss = 6000 |
3. |
Furniture brought down to 16,000; one computer of Rs. 5000 is unrecorded, now to be recorded |
(C) |
Revaluation Profit = 3000 |
4. |
Furniture brought down by 16,000; A customer whose account was written off as bad Debt last year now recovered Rs. 10,000 from him |
(D) |
Revaluation Profit = 1000 |
A)
1-[B]; 2-[C]; 3-[D]; 4-[A] done
clear
B)
1-[B]; 2-[C]; 3-[A]; 4-[D] done
clear
C)
1-[C]; 2-[A]; 3-[D]; 4-[B] done
clear
D)
1-[C]; 2-[D]; 3-[A]; 4-[B] done
clear
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question_answer102)
Match the followings: X and Y are partners sharing profit in the ratio of 3:2 with a capital of Rs. 2,00,000 each. They admitted Z as a new partner and new profit sharing ratio between X, Y and Z decided 2:2:1. Z has paid Rs. 1,20,000 for his capital and Rs. 60,000 as premium for goodwill. Find out the capital balance of each partner:
1. |
Goodwill brought by Z is retained in the business |
(A) |
X = 2,30,000 |
Y = 1,82,000 |
Z = 1,20,000 |
2. |
30% of the premium for goodwill withdrawn by sacrificing partner |
(B) |
X = 2,18,000 |
Y = 2,00,000 |
Z = 1,20,000 |
3. |
Goodwill already appeared in the books amounting to Rs. 50 |
(C) |
X = 2,60,000 |
Y = 2,00,000 |
Z = 1,20,000 |
4. |
70% of the premium for goodwill withdrawn by sacrificing partners |
(D) |
X = 2,42,000 |
Y = 2,00,000 |
Z = 1,20,000 |
A)
1-[B]; 2-[C]; 3-[D]; 4-[A] done
clear
B)
1-[B]; 2-[C]; 3-[A]; 4-[D] done
clear
C)
1-[C]; 2-[A]; 3-[D]; 4-[B] done
clear
D)
1-[C]; 2-[D]; 3-[A]; 4-[B] done
clear
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question_answer103)
Match the followings: X and Y are partners sharing profits in the ratio of 7:3 with a capital of Rs. 2,00,000 each. They admitted Z as a new partner and new profit sharing ratio between X, Y and Z is 5:2:3. Z has paid Rs. 1,20,000 against capital. Find out the capital balance of each partner :
1. |
Goodwill already appeared in the books amounting to Rs. 30000. Z was exempted from premium for goodwill. |
(A) |
X = 1,86,000 |
Y = 1,94,000 |
Z = 1,20,000 |
2. |
Total goodwill of the firm valued at Rs. 1,00,000 and Z was unable to bring his share of goodwill In cash |
(B) |
X = 1,79,000 |
Y = 1,91,000 |
Z = 1,20,000 |
3 |
Z was exempted from premium for goodwill. Balance Sheet shows Profit & Loss (Cr.) Rs. 30000 at the time of admission |
(C) |
X = 2,20,000 |
Y = 2,10,000 |
Z = 1,20,000 |
4. |
Advertisement suspense = 20000 (Z was exempted from premium for goodwill) |
(D) |
X = 2,21,000 |
Y = 2,09,000 |
Z = 1,20,000 |
A)
1-[B]; 2-[C]; 3-[D]; 4-[A] done
clear
B)
1-[B]; 2-[C]; 3-[A]; 4-[D] done
clear
C)
1-[C]; 2-[A]; 3-[D]; 4-[B] done
clear
D)
1-[C]; 2-[D]; 3-[A]; 4-[B] done
clear
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question_answer104)
X and Y are Sharing profits in the ratio of 3:2. They admit Z as a new partner. At the time of admission, the following information is available: Balance sheet (Extract)
Liabilities |
Amount |
Assets |
Amount |
|
|
Debtors |
50,000 |
|
|
|
(-) Provision for doubtful debt |
5,000 |
45,000 |
Match the followings:
1. |
All debtors are good and provision for doubtful debts no longer needed |
(A) |
Revaluation Profit = 1000 |
2. |
Provision for doubtful debts was found in excess by Rs. 2000 |
(B) |
Revaluation Profit = 5000 |
3. |
Provision for doubtful debts reduced to Rs. 4000 |
(C) |
Revaluation Profit = 2000 |
4. |
Provision for doubtful debts increased to Rs. 6000 |
(D) |
Revaluation Loss = 1000 |
A)
1-[B]; 2-[C]; 3-[D]; 4-[A] done
clear
B)
1-[B]; 2-[C]; 3-[A]; 4-[D] done
clear
C)
1-[C]; 2-[A], 3-[D]; 4-[B] done
clear
D)
1-[C]; 2-[D]; 3-[A]; 4-[B] done
clear
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question_answer105)
Match the followings : X and Y are partners sharing profit in the ratio of 7:3 with a capital of Rs. 2,00,000 each. They admitted Z a new partner and new profit sharing ratio between X, Y and Z is 5:2:3. Z has paid Rs. 1,20,000 for his capital and Rs. 60,000 premium for goodwill. Find out the capital balance of each partner:
1. |
Workmen compensation reserve = 30000; Workmen compensation claim is estimated = 50000 and accepted by the firm |
(A) |
X = 2,40,000 |
|
Y = 2,20,000 |
|
Z = 1,20,000 |
2. |
Investment fluctuation reserve = 10000; Current investment 40000 (Market value 25000) |
(B) |
X = 2,26,000 |
|
Y = 2,14,000 |
|
Z = 1,20,000 |
3. |
General reserve = 30000 (Partners do not want to distribute) |
(C) |
X = 2,36,500 |
|
Y = 2,18,500 |
|
Z = 1,20,000 |
4. |
Employee Provident Fund = 30000 |
(D) |
X = 2,46,000 |
|
Y = 2,23,000 |
|
Z = 1,11,000 |
A)
1-[B]; 2-[C]; 3-[D]; 4-[A] done
clear
B)
1-[B]; 2-[C]; 3-[A]; 4-[D] done
clear
C)
1-[C]; 2-[A]; 3-[D]; 4-[B] done
clear
D)
1-[C], 2-[D]; 3-[A]; 4-[B] done
clear
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question_answer106)
In the absence of partnership deed, a new partner can be admitted only if all the partners agree to admit that partner.
A)
True done
clear
B)
False done
clear
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question_answer107)
Old Profit Share Sacrificed Profit Share = New Profit Share
A)
True done
clear
B)
False done
clear
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question_answer108)
At the time of admission of a new partner, If any old partner also gains, he will also compensate the sacrificing partner.
A)
True done
clear
B)
False done
clear
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question_answer109)
Goodwill appearing in the books will be debited to only sacrificing partners.
A)
True done
clear
B)
False done
clear
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