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MCQ TALLY - ACCOUNTING MASTERS IN TALLY ERP9 MCQ Questions
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Question No. -
61
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At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner, in absence of any agreement among partners, when (s)he opts for interest and not share of profit.
At what rate is interest payable on the amount remaining unpaid to the executor of deceased partner, in absence of any agreement among partners, when (s)he opts for interest and not share of profit.
A.
12% p.a.
12% p.a.
B.
8%p.a.
8%p.a.
C.
6%p.a.
6%p.a.
D.
7.5%p.a.
7.5%p.a.
Question No. -
62
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Partnership will be dissolved if
Partnership will be dissolved if
A.
profit sharing ratio changed
profit sharing ratio changed
B.
admission of a new partner
admission of a new partner
C.
retirement of a partner
retirement of a partner
D.
All of these
All of these
Question No. -
63
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Gaining Ratio:
Gaining Ratio:
A.
Old Ratio – New Ratio
Old Ratio – New Ratio
B.
New Ratio – Old Ratio
New Ratio – Old Ratio
C.
Old Ratio + Old Ratio
Old Ratio + Old Ratio
D.
All of these.
All of these.
Question No. -
64
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At the time retirement of a partner, ratio is calculated:
At the time retirement of a partner, ratio is calculated:
A.
old
old
B.
sacrifice
sacrifice
C.
gaining
gaining
D.
All of these.
All of these.
Question No. -
65
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After the death of an existing partner, shares of remaining partner will
After the death of an existing partner, shares of remaining partner will
A.
increase
increase
B.
decrease
decrease
C.
not change
not change
D.
All of these.
All of these.
Question No. -
66
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At the time of retirement of an existing partner, goodwill already shown in the books is written off in ratio.
At the time of retirement of an existing partner, goodwill already shown in the books is written off in ratio.
A.
old
old
B.
new
new
C.
sacrifice
sacrifice
D.
gaining
gaining
Question No. -
67
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Goodwill of the deceased partner will be debited in remaining partners’ capital Account in ratio.
Goodwill of the deceased partner will be debited in remaining partners’ capital Account in ratio.
A.
old
old
B.
new
new
C.
sacrifice
sacrifice
D.
gaining
gaining
Question No. -
68
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At the time of retirement of a partner, goodwill will be credited in partner’s capital Account.
At the time of retirement of a partner, goodwill will be credited in partner’s capital Account.
A.
old
old
B.
gaining
gaining
C.
retiring
retiring
D.
All of these.
All of these.
Question No. -
69
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At the time of retirement of a partner, account is prepared.
At the time of retirement of a partner, account is prepared.
A.
revaluation A/c
revaluation A/c
B.
profit and loss A/c
profit and loss A/c
C.
balance sheet
balance sheet
D.
All of these.
All of these.
Question No. -
70
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The retiring/deceased partner must be compensated in the form of premium (goodwill) for the share of profit in favour of continued partners. .
The retiring/deceased partner must be compensated in the form of premium (goodwill) for the share of profit in favour of continued partners. .
A.
sacrificed
sacrificed
B.
gained
gained
C.
obtained
obtained
D.
None of these.
None of these.
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