[{"id":244251,"question":"General reserve at the time of admission of anew partner is credited.","choices":[{"text":"New partner capital account","value":"A"},{"text":"General reserve account","value":"B"},{"text":"Old parners capital account","value":"C"},{"text":"All partners capital account","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244250,"question":"Profit on revalutin is to be caredited to old partners in their","choices":[{"text":"Sacrificing ratio","value":"A"},{"text":"New profit shiaring ratio","value":"B"},{"text":"Old prift sharing ratio","value":"C"},{"text":"Equal prift sharing ratio","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244249,"question":"The balance of revaluation accoun tis transferred to the old partners capital accounts in their.","choices":[{"text":"Sacrificing ratio","value":"A"},{"text":"Old profit shairng ratio","value":"B"},{"text":"New profit sharing ratio","value":"C"},{"text":"Equal profit shairng ratio","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244248,"question":"Revaluation account is a.","choices":[{"text":"Real account","value":"A"},{"text":"Personal account","value":"B"},{"text":"Cash account","value":"C"},{"text":"Nominal account","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":244247,"question":"When a new partner is admitted with out the consent of the old partner.","choices":[{"text":"Partnership will be dissolved","value":"A"},{"text":"Will value","value":"B"},{"text":"Agreed value","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":244246,"question":"A new partner may be admitted to a partnership.","choices":[{"text":"With the consent of all the partners","value":"A"},{"text":"With the consent of any one of the partners","value":"B"},{"text":"With consent of two third the old partners","value":"C"},{"text":"Without the consent of old partners","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244245,"question":"For the firm, interest on drawing is.","choices":[{"text":"Expense","value":"A"},{"text":"Income","value":"B"},{"text":"Liability","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244244,"question":"Interest on drawing is debited to.","choices":[{"text":"Partners capital accounts","value":"A"},{"text":"Profit and loss account","value":"B"},{"text":"Interest account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244243,"question":"The investment in partners capital accounts is to be credited to.","choices":[{"text":"Partners capital accounts","value":"A"},{"text":"Profit and loss account","value":"B"},{"text":"Interest account","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244242,"question":"Current accout of the partners should be opened when the capitals are.","choices":[{"text":"Fluctuating","value":"A"},{"text":"Fixed","value":"B"},{"text":"Either fixed or fluctuating","value":"C"},{"text":"Neither fixed or fluctuating","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244241,"question":"When the capitals of the partners arr not allowed to change during the life time of the business except in extra ordinary circumslancer then they are called.","choices":[{"text":"Fluctuating capitals","value":"A"},{"text":"Fixed capitals","value":"B"},{"text":"Current capitals","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244240,"question":"The agreement among the partners which sets out the term is which they have agreed to form a partnership is called.","choices":[{"text":"Partnership deed","value":"A"},{"text":"Aribtrartio clause","value":"B"},{"text":"Partnership at will","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":244239,"question":"If some proparty is owned jointly with out any attention to carry on a business it is called.","choices":[{"text":"Partnership","value":"A"},{"text":"Co- ownership","value":"B"},{"text":"Sole ownership","value":"C"},{"text":"Agency","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244238,"question":"The owner of the partnership are called as.","choices":[{"text":"Member","value":"A"},{"text":"Partners","value":"B"},{"text":"Share holder","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":244237,"question":"Current accoujts of the partners should be opened when the capital are.","choices":[{"text":"Fixed","value":"A"},{"text":"Fluctuating","value":"B"},{"text":"Either fixed or fluctuating","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1}]