Accounting - Practice Test

(A) Reduction in overall capital formation

(B) Increase in the capital

(C) Increase in future employment potential

(D) Increase in tax revenue

(A) Reduction in overall capital formation

(A) Payment of dividend

(B) Writing off goodwill

(C) Issue of fully paid bonus shares

(D) None of the above

(C) Issue of fully paid bonus shares

(A) 60

(B) 100

(C) 120

(D) 150

(C) 120

(A) under valuation of liabilities only

(B) under valuation of assets only

(C) over valuation of assets only

(D) over valuation of liabilities and under valuation of assets

(D) over valuation of liabilities and under valuation of assets

(A) all the partners severally

(B) all the partners jointly

(C) Both A and B

(D) None of these

(C) Both A and B

Accounting - Study Mode