Accounting - Practice Test

(A) Writing-off discount on debenture

(B) Writing-off preliminary expenses of company

(C) Issue of bonus share

(D) All of the above

(D) All of the above

(A) $$frac{{{ ext{Net Income}}- { ext{Preference Dividend}}}}{{{ ext{Number of Equity Shares}}}}$$

(B) $$frac{{{ ext{Net Income}}}}{{{ ext{Number of Shares}}}}$$

(C) $$frac{{{ ext{Total Income}}}}{{{ ext{Paid-up Capital}}}}$$

(D) $$frac{{{ ext{Net Income}}}}{{{ ext{Number of Equity Shares}}}}$$

(A) $$frac{{{ ext{Net Income}}- { ext{Preference Dividend}}}}{{{ ext{Number of Equity Shares}}}}$$

(A) At least two persons

(B) There is an agreement between all partners

(C) Equal share of profit and loss

(D) Partnership agreement is for some business

(C) Equal share of profit and loss

(A) Minor partner

(B) Sleeping partner

(C) Nominal partner

(D) Inactive partner

(D) Inactive partner

(A) a-2, b-1, c-4, d-3

(B) a-1, b-2, c-4, d-3

(C) a-3, b-1, c-2, d-4

(D) a-1, b-4, c-2, d-3

(A) a-2, b-1, c-4, d-3

Accounting - Study Mode