12th cbse accountancy 25th sep 24

12th cbse accountancy 25th sep 24

12th Grade

5 Qs

quiz-placeholder

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12th cbse accountancy 25th sep 24

12th cbse accountancy 25th sep 24

Assessment

Quiz

Others

12th Grade

Hard

Created by

Deepak Daultani

Used 1+ times

FREE Resource

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Aditi and Bobby were partners with capital of 30,000 each. They admitted Chetan as a new partner for 1/4th share in the profit of the firm. Chetan brought₹ 48,000 as his capital. On Chetan's admission, the Profit & Loss Account of the firm showed a credit balance of 24,000. Value of goodwill of the firm on Chetan's admission will be

₹40,000.

₹60,000.

75,000.

30,000.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mehak and Chetan were partners with capital of 40,000 each. They admitted Aadi as a new partner for 1/5 share in the profits of the firm. Aadi brought 80,000 as his capital. On Aadi's admission, the Profit & Loss Account of the firm showed a debit balance of ₹ 10,000. Value of Goodwill of the firm on Aadi's admission will be

2,50,000.

2,40,000.

2,30,000.

₹40,000.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Manas and Mili are partners in a firm sharing profits in the ratio of 3: 2. Anita is admitted as a new partner for 1/4th share in future profits. Capital of Manas and Mili were 3,00,000 and 1,50,000 respectively. Anita brought of the firm on Anita's admission would be 2,00,000 as her capital. The value of goodwill

2,50,000.

8,00,000.

₹4,50,000.

1,50,000.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

X and Y are partners in a firm with capital of 18,000 and 20,000. Z brings₹10,000 for his share of goodwill and he is required to bring proportionate capital for 1/3rd share in profits. The capital contribution of Z will be

24,000.

19,000.

12,667.

14,000.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Pooja, Nita and Anita were partners in a firm sharing profits and losses in the ratio of 3:2: 1. Pooja retired and her share is taken up by Nita and Anita equally. The new profit-sharing ratio of Nita and Anita will be

2:1.

7:5.

1:1.

3:2.