Accounting - Study Mode
[#2666] Match the following List-I List-II a. IFRS-3 1. Operating segments b. IFRS-8 2. Leases c. IFRS-9 3. Business combinations d. IFRS-16 4. Financial Instruments
Correct Answer
(C) a-3, b-1, c-4, d-2
[#2667] X and Y are two equal partners in a firm. On 1 st January, 2004 they admitted Z on the condition that he will bring Rs. 10,000 as capital and Rs. 5000 as goodwill. In future they will share profits in the ratio of 2 : 1 : 2. The proportion of goodwill distribution between X and Y will be:
Correct Answer
(C) 1 : 3
[#2668] A and B partners sharing profits in the ratio of 7 : 3. C is admitted for $$frac{3}{7}$$ share in the profit. The new profit-sharing ratio of the partners will be:
Correct Answer
(A) 14 : 6 : 15
[#2669] Pre-emptive right is:
Correct Answer
(A) A right of equity shareholders to get newly issued shares
[#2670] When a partner retires, the decrease in the values of a liability is credited to:
Correct Answer
(B) P & L Adjustment a/c