Accounting - Study Mode

[#2171] An ordinary partnership firm can have maximum
Correct Answer

(D) 20 partners

[#2172] The following will be entered in the Total Debtor's Account:
Correct Answer

(B) Credit Sales

[#2173] A balance sheet shows financial condition of an organization.
Correct Answer

(B) The day on which if is prepared

[#2174] Right shares are those share which are proposed to
Correct Answer

(C) To the existing shareholders

[#2175] A and B are partners of 5 : 3 ratio. C Joins and the new ratio agreed 4 : 2 : 2. Find out the sacrificing ratio of A and B.
Correct Answer

(C) 1 : 1