[{"id":244281,"question":"Joint life policy account after the maturity of the policy shoul dbe transferred to the capital accounts of the partners in.","choices":[{"text":"Capital ratios","value":"A"},{"text":"Old profit sharing ratios","value":"B"},{"text":"New profit sharing ratio","value":"C"},{"text":"Gaining ratios","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244280,"question":"The amount payable to the retiring partner is shown in the balance sheet of partnership as.","choices":[{"text":"Capital","value":"A"},{"text":"Loan","value":"B"},{"text":"Investment","value":"C"},{"text":"Assets","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244279,"question":"The credit balance of retiring partner capital account if not paid in cash should be tranferred to.","choices":[{"text":"Retiring partners loan account","value":"A"},{"text":"Retiring partners capital account","value":"B"},{"text":"Old partner capital account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244278,"question":"In case of los on revaluation of assets and liabilities should be debited to.","choices":[{"text":"Retiring partners capital accounts","value":"A"},{"text":"All partners capital accounts","value":"B"},{"text":"Remaining patners capitala account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244277,"question":"The profit on revaluation of assts and liabilities on the retirement of the partners should be credited to the capital account of.","choices":[{"text":"All the partners","value":"A"},{"text":"Retiring partner","value":"B"},{"text":"Remaining partner","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244276,"question":"In case of retirement the amount of the general reserve any other profit is credited to all partners in.","choices":[{"text":"Sacrificing Ratios","value":"A"},{"text":"New profit sharing ratios","value":"B"},{"text":"Old prift sharing ratios","value":"C"},{"text":"Gaining ratios","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244275,"question":"In case of retirement when the good will raised with retiring partner written off among the remaining partner.","choices":[{"text":"In gaiing ratios","value":"A"},{"text":"Sacrifing ratios","value":"B"},{"text":"Capital ratios","value":"C"},{"text":"New ratio","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244274,"question":"On retirement of a partner the share of a retiring partner is taken by.","choices":[{"text":"Remaining partner","value":"A"},{"text":"New partner","value":"B"},{"text":"Legal representator or retiring partner","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244273,"question":"The gaining ratio are calculated on.","choices":[{"text":"Admissionof a partner","value":"A"},{"text":"Death of a partner","value":"B"},{"text":"Retirement of a partner","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244272,"question":"The profit on the revaluation of the assets and liabilities o the retirement of the partner should be credited to.","choices":[{"text":"All partners capital accounts","value":"A"},{"text":"Only retiring partners capitals accounts","value":"B"},{"text":"Remaiingng partners capital account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244271,"question":"Gaining ratios are equal to.","choices":[{"text":"New Ratio - Old ratio","value":"A"},{"text":"Old ratio- New ratio","value":"B"},{"text":"New Ratio + old ratios","value":"C"},{"text":"Capital ratios- New Ratios","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244270,"question":"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.","choices":[{"text":"Capital ratio","value":"A"},{"text":"Old profit sharing ratio","value":"B"},{"text":"New profit shiaring ratio","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244269,"question":"Profit and loss on revalution at the time of retirement must be transerred to the partners in.","choices":[{"text":"Capital ratio","value":"A"},{"text":"Old prifit sharing ratio","value":"B"},{"text":"New profit sharing ratio","value":"C"},{"text":"Gaining ratio","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244268,"question":"Partner's capital are affected due to.","choices":[{"text":"Admission of a partner","value":"A"},{"text":"Retirement of the partner","value":"B"},{"text":"Death of a partner","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":244267,"question":"Amount of to the out going partner is shown in the balance sheet as his.","choices":[{"text":"Liability","value":"A"},{"text":"Loan","value":"B"},{"text":"Capital","value":"C"},{"text":"Assets","value":"D"},{"value":"E"}],"correctAnswer":2}]