MCQ REVISION

MCQ REVISION

12th Grade

20 Qs

quiz-placeholder

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MCQ REVISION

MCQ REVISION

Assessment

Quiz

Other

12th Grade

Hard

Created by

ANJU Krishnani

Used 4+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A and B are partners sharing profits in the ratio of 3:2. They decided to share future profits equally. Workmen compensation claim arised at Rs 35000. Amount of WCR credited to A's capital is Rs 6000. The amount of WCR in the books before claim was

45000

25000

10000

None of the above

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The company forfeited 50 shares of Rs 10 each on which Rs 6 per share was paid. Final call of Rs 2 per share was not yet called. 40 shares were reissued at Rs 360. The amount transfered to capital reserve is

240

200

280

None of the above

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The company forfeited 10 shares of Rs 10 each on which Rs 4 per share was paid. State the maximum discount at which 8 shares can be reissued.

48

32

80

40

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A Company forfeited 60 shares of Rs 10 each on which Rs 7 per share was paid. State the minimum amount at which each share can be reissued

7

3

10

6

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The Goodwill brought by new partner is distributed among partners in which ratio :

Old

New

Sacrifice

Gain

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Debt equity ratio of the company is 3:2. Which of the following will increase the ratio

Issue of Equity shares

Redemption of debentures

Convertion of debentures into shares

Issue of Debentures

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following leads to inflow of cash

Deposited into bank

Sale of marketable securities

Issue of shares

Depreciation on machinery

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