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

MCQ REVISION

Quiz
•
Other
•
12th Grade
•
Hard
ANJU Krishnani
Used 4+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
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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