Accounting - Study Mode
[#206] 50,000 equity shares of Rs. 10 each, issued at Rs. 20, for the purpose of redemption of preference share capital amounting Rs. 7,50,000. How much amount will be transferred to capital redemption reserve?
Correct Answer
(B) Rs. 2,50,000
[#207] A and B are partners sharing profits and losses in proportion 2 : 1. They admits new partner C hom they give $${frac{1}{5}^{{ ext{th}}}}$$ share in profits. The new profit sharing ratio will be:
Correct Answer
(A) 8 : 4 : 3
[#208] If current ratio is 2.5, acid test ratio is 1.5 and net working capital is Rs. 45,000, the amount of current liabilities will be:
Correct Answer
(C) Rs. 30,000
[#209] Dissolution of a firm takes place-
Correct Answer
(D) by the insolvency of all but except one partner
[#210] Over capitalisation may be remedied by:
Correct Answer
(D) redemption of debentures