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MCQ TALLY - ACCOUNTING MASTERS IN TALLY ERP9 MCQ Questions
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Question No. -
41
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When the new partner brings cash for goodwill, the amount is credited to:
When the new partner brings cash for goodwill, the amount is credited to:
A.
Realisation Account
Realisation Account
B.
Cash Account
Cash Account
C.
Premium for Goodwill Account
Premium for Goodwill Account
D.
Revaluation Account
Revaluation Account
Question No. -
42
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Goodwill is an _______ Assets.
Goodwill is an _______ Assets.
A.
fixed
fixed
B.
intangible
intangible
C.
current
current
D.
fictitious
fictitious
Question No. -
43
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Value of reputation of the firm is:
Value of reputation of the firm is:
A.
Royalty
Royalty
B.
Assets
Assets
C.
Goodwill
Goodwill
D.
Patents
Patents
Question No. -
44
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________ profit is excess of actual profits over normal profits.
________ profit is excess of actual profits over normal profits.
A.
Net
Net
B.
Average
Average
C.
Super
Super
D.
Appropriated
Appropriated
Question No. -
45
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Sacrifice Ratio = _______
Sacrifice Ratio = _______
A.
New Ratio – Old Ratio
New Ratio – Old Ratio
B.
Old Ratio – New Ratio
Old Ratio – New Ratio
C.
New Ratio + Old Ratio
New Ratio + Old Ratio
D.
Old Ratio + New Ratio
Old Ratio + New Ratio
Question No. -
46
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Gaining Ratio = ________
New Ratio – Old Ratio
New Ratio – Old Ratio
A.
New Ratio – Old Ratio
New Ratio – Old Ratio
B.
Old Ratio – New Ratio
Old Ratio – New Ratio
C.
New Ratio + Old Ratio
New Ratio + Old Ratio
D.
Old Ratio + New Ratio
Old Ratio + New Ratio
Question No. -
47
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Share of old Partners will ________ if new partner admit in the firm.
Share of old Partners will ________ if new partner admit in the firm.
A.
increase
increase
B.
decrease
decrease
C.
remains same
remains same
D.
not changed
not changed
Question No. -
48
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Unrecorded liabilities will be ______ in Revaluation Account.
Unrecorded liabilities will be ______ in Revaluation Account.
A.
debited
debited
B.
credited
credited
C.
not shown
not shown
D.
shown
shown
Question No. -
49
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Unrecorded Assets will be _______ in Revaluation Account.
Unrecorded Assets will be _______ in Revaluation Account.
A.
debited
debited
B.
credited
credited
C.
not shown
not shown
D.
shown
shown
Question No. -
50
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New Partner can be admitted in the firm with the consent of ________ old partners.
New Partner can be admitted in the firm with the consent of ________ old partners.
A.
anyone
anyone
B.
all
all
C.
3/4
3/4
D.
1/2
1/2
1
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3
4
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