ACCOUNTS CLASS 12 VOL-1 SOLUTIONS

 Mcq ANSWERS ACCOUNTANCY (VOL-1)




(1)  50

(2) Equally

(3) None of the above

(4) 23:13:12

(5) 2,400

(6) sacrificing ratio

(7) 12,500

(8) 1:3:1

(9) unlimited

(10) No Interest is allowed

(11) 6%p.a simple Interest

(12) All partners capital account debited to Goodwill account a/c

(13) rs 26,667 each partners

(14) zero

(15) all assets to be realised

(16) option-b

(17) cash account

(18)  realisation a/c

(19) profit sharing ratio

(20) outside creditors

(21) B/s liability side

(22) 26:19:15

(23) 42:26:7

(24)option-b

(25)3:1

(26)gaining ratio

(27) option A

(28) option b

(29) drawings





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