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Q1781

X and Y are partners in a firm sharing profits in the ratio of 3 : 1. They admit Z as a partner with new profit sharing ratio of 2 : 1 : 1. The amount of goodwill brought in by new partner will be credited to

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Q1782

Part of capital which can be called-up at the time of winding up of company is called:

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Q1783

Garner Vs Murray case arised in

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Q1784

Which of the following types of goodwill is considered to be the best?

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Q1785

Transferring entries from journal to ledger account is commonly known as

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Q1786

Receipt and payment account record transactions of:

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Q1787

Liquidity of a firm can be measured with the help of the following ratio:

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Q1788

Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order.
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:

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Q1789

If Goods worth Rs. 10,000 are sold on the basis of sale on approval, the adjustment of this transaction on the date of accounting is done in

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Q1790

Insufficient working capital may result into which combination of the following? i. Failures to adapt to changes.
ii. Enhancement in credit-worthiness of the firm.
iii. Reduced availability of trade and cash discounts.
iv. Reduced volume of sales.

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Q1791

The term 'financial assets' includes all of the following except

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Q1792

Which of the following does not increase in the working capital?

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Q1793

Turnover ratios help the management in

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Q1794

Registration of transfer of share is done

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Q1795

Closing stock Rs. 53,400, cost of good sold Rs. 75,000 gross profit Rs. 5,000, purchases Rs. 82,000. Value of opening stock will be

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Q1796

Which one of the following statement is correct?

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Q1797

Assertion (A): When a company earns profit prior to its incorporation, it is called capital profit.
Reason (R): Capital profit cannot be used for distribution as a dividend to shareholders.
Which of the following is correct?

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Q1798

Inventory turnover ratio is

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Q1799

Five years ago, on old machine was purchased for Rs. 1,00,000 and Rs. 10,000 was paid on its repairing charges. There was also accumulated depreciation of Rs. 50,000 on this machinery. At the beginning of the sixth year it was sold for Rs. 60,000. Profit or loss from this sale will be

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Q1800

If preference share capital of Rs. 5,00,000 is to be redeemed, and 25,000 equity shares of Rs. 10 each have been issued at a discount of 10%. For this purpose, the amount to be transferred to Capital Redemption Reserve will be:

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