Teaching Accountancy Partnership Accounts Question Bank MCQ - Partnership Accounts

  • question_answer
      Match the following
    List I List II
    A. Reserves must be transferred in the …….. 1. Goodwill
    B. A firm is dissolved, when the business of the firm is declared....... 2. Interest on loan
    C. ......should be compulsory revalued at the time of admission. 3. Old profit sharing ratio
    D. In the absence of an agreement partners are entitled to. 4. Illegal
    Codes

    A)          A\[\to \]3, B\[\to \]4, C\[\to \]1, D\[\to \]2

    B)         A\[\to \]4, B\[\to \]3, C\[\to \]1, D\[\to \]2

    C)         A\[\to \]3, B\[\to \]4, C\[\to \]2, D\[\to \]1

    D)         A\[\to \]3, B\[\to \]1, C\[\to \]4, D\[\to \]2

    Correct Answer: A


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