| 1 |
The amount payable to the retiring partner is shown in the balance sheet of partnership as. |
- A. Capital
- B. Loan
- C. Investment
- D. Assets
|
| 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 retired is one who has |
- A. Died
- B. Withdraw his capital
- C. Bought his capital
- D. Decreases his capital
|
| 4 |
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
|
| 5 |
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
|
| 6 |
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
|
| 7 |
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
|
| 8 |
Amount of to the out going partner is shown in the balance sheet as his. |
- A. Liability
- B. Loan
- C. Capital
- D. Assets
|
| 9 |
Partner's capital are affected due to. |
- A. Admission of a partner
- B. Retirement of the partner
- C. Death of a partner
- D. All of the above
|
| 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
|
