Accounting - Study Mode
[#1621] Which type of company's shares are freely transferable?
Correct Answer
(C) Both A and B
[#1622] X, Y and Z are sharing profits in the ratio of 6 : 5 : 3. A is admitted into partnership for $${frac{1}{8}^{{ ext{th}}}}$$ share. The sacrificing ratio of X, Y and Z is
Correct Answer
(B) 6 : 5 : 3
[#1623] Current ratio 2.7 : 1, Quick Ratio 1.8 : 1, current liabilities Rs. 60,000, Value of stock will be:
Correct Answer
(B) Rs. 54,000
[#1624] Managerial accounting is related to which of the following?
Correct Answer
(D) All of these
[#1625] At the time of forfeiture of shares, the share capital A/c is
Correct Answer
(C) debited with the called-up amount of forfeited shares