16 public questions tagged with this topic.
2 : 2 :1 ratio analysis correct; liquidity profitability ratios calculation interpretation.
Ref: NCERT Accountancy Class XII Chapter 9 Ratio Analysis explains liquidity solvency profitability activity ratios calculation interpretation significance clearly.
(B), (D), and (E) only financial statements correct; Schedule III format Companies Act 2013.
Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.
Sacrifice 1/10 financial statements correct; Schedule III format Companies Act 2013.
Ref: NCERT Accountancy Class XI Chapter 9 Financial Statements explains trading profit loss balance sheet preparation format Schedule III.
Rohan's loan to firm is external liability; paid before partners capital on dissolution.
Ref: NCERT Accountancy Class XII Chapter 5 Dissolution of Firm explains realisation account settlement partners loan unrecorded assets liabilities treatment.
1 : 2 correct per NCERT Admission of a Partner; matches accountancy concept accurately.
Ref: NCERT Accountancy Class XII Chapter 3 Admission of Partner explains goodwill valuation sacrificing ratio revaluation reserves adjustment accounting treatment.
False correct per NCERT Admission of a Partner; matches accountancy concept accurately.
Ref: NCERT Accountancy Class XII Chapter 3 Admission of Partner explains goodwill valuation sacrificing ratio revaluation reserves adjustment accounting treatment.
premium for goodwill correct per NCERT Admission of a Partner; matches accountancy concept accurately.
Ref: NCERT Accountancy Class XII Chapter 3 Admission of Partner explains goodwill valuation sacrificing ratio revaluation reserves adjustment accounting treatment.
(A), (B), and (E) only partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
It is 2:4:3 partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
Partners’ Current Account partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
None of these partnership correct; deed provisions interest capital drawings as per Act.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
Partnership deed includes firm name, partners names, commencement date, profit sharing ratio.
Ref: NCERT Accountancy Class XII Chapter 2 Partnership Accounts explains partnership deed interest capital drawings profit appropriation guarantee provisions.
