Match List-I with List-II:List-I (Events)List-II (Result)(A) Termination of business(I) Not Possible In Dissolution Of Partnership.(B) Continuation Of Business(II) Not possible in the dissolution of a firm.(C) Intervention of court(III) Dissolution of firm(D) Continuation of books of accounts(IV) Dissolution of partnership.Choose the correct answer from the options given below:
Question No: 32Difficulty: mediumMarks: 1mcq
Anubha looked after the dissolution work for a remuneration of Rs. 8,500 and agreed to bear dissolution expenses up to Rs. 6,00,0. Actual expenses paid by her were Rs. 7,600. What is the correct journal entry to record the remuneration payable to Anubha?(A) Realisation A/c is debited by 8,500 (B) Anubha's Capital A/c is credited by 8,500 (C) Realisation A/c is debited by 13,600 (D) Anubha's Capital is credited by 13,600 Choose the correct answer from the options given below:
Question No: 33Difficulty: mediumMarks: 1mcq
As per AS-26, Intangible assets like goodwill should be written off:
Question No: 34Difficulty: mediumMarks: 1mcq
Naveen, Suresh, and Tarun are partners sharing profits and losses in the ratio of 5:3:2. Tarun retires from the firm, and his share is taken over by Naveen and Suresh in the ratio of 2:1. Calculate the new profit-sharing ratio.
Question No: 35Difficulty: easyMarks: 1mcq
Reserve capital is:
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