Accounting - Study Mode

[#446] Which one of the following is not a method of valuation of shares?
Correct Answer

(C) Super Profit Method

[#447] Variable cost ratio is 30% fixed cost is Rs. 1,26,000 then the break even point will be
Correct Answer

(A) Rs. 1,80,000

[#448] Which of the following is possible for a company under section 94 to alter its share capital
Correct Answer

(D) Cancellation of shares to reduce share capital

[#449] In partnership, unrecorded liability is shown in new Balance Sheet in
Correct Answer

(B) Liabilities side

[#450] If nothing otherwise mentioned, on admission of a new partner, the sacrificing ratio is same as the
Correct Answer

(A) old ratio