Recent questions and answers in Accountancy

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Neil, Nitin and Nitesh were partners in the firm sharing profits and losses equally. Neil retires from the firm and on his

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Stella, Grace and Carol were partners in the firm sharing profits and losses in the ratio 3:2:1.

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Which of the following is a right of a partner? (a) sharing profits and losses with other partners in the agreed ratio

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According to Sec 50 of the Companies Act 2013, the amount of Calls in Advance can be accepted by the Company only when

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Tulip Ltd. took up a loan from a Punjab National Bank and issued its’ Debentures as Collateral Security.

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Sam, Tom and Jerry were partners sharing profits and losses equally. Sam sold a land costing Rs.5,00,000 belonging to the firm

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Mike and Ken were two partners sharing profits and losses in the ratio 4:3. Ken was in need of funds so he took a loan

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Assertion: Michael, Mike and Stephen were partners sharing profits and losses in the ratio 3:2:1.

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Accounting Standard-26 requires that goodwill is to be recorded in the books of accounts only when money or money’s worth

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Recent questions and answers in Accountancy

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