12th Class Accounting MCQS Consignment Accounts Online Test 1

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-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-in-case-of-retirement-2-c-when-goodwill-is-raised-at-full-value-2-c-is-credited-to-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eall-partners-capital-a-2-fc-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-income-and-expenditure-account-shows-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-esurplus-or-deficit-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-it-contains-the-rules-and-regulations-for-the-internal-management-of-company-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-earticles-of-association-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-it-is-paid-to-agent-to-prepare-and-find-out-the-value-of-profit-or-loss-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-eoverriding-commission-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-partners-contribution-to-the-firm-is-called-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-capital-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-receipts-and-payments-account-is-a-summary-of-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-ecash-book-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-retirement-of-a-partner-dissolves-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-epartnership-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-subscription-receivable-is-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-asset-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-suppose-the-average-profit-of-last-five-years-is-rs-7000-2-c-normal-profits-rs-4000-2-c-then-the-value-of-goodwill-on-the-basis-of-three-years-purchase-under-profits-method-will-be-3-a-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e_-_3-cp-3-e-3-cspan-style-3-d-22-font-size-3-a-10-0-pt-22-3-e-3-cspan-style-3-d-27-font-family-3-a-22-tahoma-22-2-c-22-sans-serif-22-27-3-e-rs-9000-3-c-2-fspan-3-e-3-c-2-fspan-3-e-3-c-2-fp-3-e,in-the-book-of-consignee-e-2-80-99-s-2-c-if-the-consignee-has-accepted-a-bill-of-exchange-should-be-debited-3-a_-_bill-receivable-account,normal-loss-is-that-can-be-3-a_-_avoidable,the-consignee-sells-the-goods-on-behalf-of-3-a_-_consignor,the-person-to-whom-the-goods-are-dispatched-for-the-purpose-of-sale-is-called-3-a_-_consignee,the-relation-between-consignor-and-consignee-is-that-of-3-a_-_principal-26-amp-3-b-agent