CUET UG Accountancy — Partnership previous year questions with solutions.
Gaining Ratio is not calculated at the______.
Following are considered as appropriations out of profits (A) Rent paid to partners (B) Interest on capital (C) Salary paid to partners (D) Commission allowed to partners Choose the correct answer from the options given below:
The assets of the firm, including any sum contributed by the partners to make deficiencies of capital, shall be applied first for paying ………….
For distribution of profits among the partners, the following account is debited to the partners:
Which of the following is not a feature of a partnership deed?
Under which method is the goodwill valued at agreed number of years' purchase of the average profits of the past few years?
Unrecorded assets when taken over by a partner are shown in :
D will bring in cash as his capital:
In the case of a dissolution of a firm, accumulated losses are transferred to:
In the event of the death of a partner, the ratio in which the continuing partners acquire the share from the deceased partner is called .......
In which of the following situation compulsory dissolution of partnership can be done?
Under which condition, dissolution of a Partnership Firm by Court may take place :-
In which of the following case court can order dissolution of a partnership firm.
In the case of dissolution of firm, accumulated losses are transferred to:
Executor account is prepared on
In the event of retirement of partner, following deduction has to be made from his/her share.:
Himanshu withdrew Rs.2,500 at the end of each month. The partnership deed provides for charging of interest on drawings @ 12% p.a. Calculate interest on Himanshu's drawings for the year ended March 31, 2017.
Goodwill is -
Which of the following will lead to dissolution of partnership firm by agreement?
In case normal profit is Rs 60,000 then what will be the normal rate of return?
On the retirement of an existing partner, an increase in the value of a liability will be credited to :-
Excess value of net assets over purchase consideration at the time of purchase of business is credited to
On dissolution of the firm, partner's capital accounts are closed through:
Bank A/c is credited by the Realisation A/c by _______ amount in total.