| 1 |
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
|
| 2 |
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
|
| 3 |
The which is calculated at the time of retirment of partner is |
- A. Gaining ratio
- B. Serching ratio
- C. Capita ratio
- D. New ratio
|
| 4 |
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
|
| 5 |
A partner goes out of a firm due to certain event or reason is known as. |
- A. Retired or out going partner
- B. Junior partner
- C. Senior partner
- D. Minor partner
|
| 6 |
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
|
| 7 |
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
|
| 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 |
Amount of to the out going partner is shown in the balance sheet as his. |
- A. Liability
- B. Loan
- C. Capital
- D. Assets
|
| 10 |
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
|
