Accounting - Study Mode
[#2656] Which of the following conditions have to be met to receive calls-in-advance?
Correct Answer
(D) It should be authorised by the articles
[#2657] A public Limited Company can issue
Correct Answer
(C) Redeemable Debentures
[#2658] X and Y are partners Sharing profits in the ratio of 3 : 1. They admit Z as a partner who pays Rs. 4,000 as Goodwill. If the new profit sharing ratio is 2 : 1 : 1 among X, Y and Z respectively, the Goodwill amount will be credited to:
Correct Answer
(C) X only
[#2659] As per the rule of Garner V. Murray, the deficiency of the insolvent partner is shared by the solvent partners in their
Correct Answer
(B) Capital Ratio
[#2660] The fair value of share is the average of:
Correct Answer
(C) Intrinsic value and yield value