## Quiz by Pooja Bhatla

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10 questions
• Q1
&A,B&C were sharing in the ratio of 5:3:2. They admit D for 1/5th share which he gets from A &B equally.
4:2:2:2
4:1:1:1
2:2:2:2
6:2:1:1
120s
• Q2
SACRIFICE RATIO=
OLD-NEW
OLD RATIO
NEW+OLD
NEW-OLD
30s
• Q3
A &B were sharing in the ratio of 7:3. They admit C for 3/7 share in the firm which he takes 2/7 from A and 1/7 from B. Calculate new profit sharing ratio.
11:29:30
7:3:3
30:29:11
29:11:30
120s
• Q4
A,B and C were sharing equally. D admits for 1/3rd share .Find sacrifice ratio .
1:1:1
3:2
1:1
2:1;1
60s
• Q5
Profit or Loss on revaluation of assets and reassessment of liabilities is transferred to partners in their
equally
gaining ratio
capital ratio
old ratio
20s
• Q6
unrecorded asserts and liabilities are transferred to
current a/c
P& La/c
revaluation account
capital a/c
30s
• Q7
When the new partner brings cash for goodwill , the amount of credited to
Cash Account
Revaluation Account
Realisation Account
30s
• Q8
Goodwill Brought by the incoming partner is distributed among the old partner in their
New Profit -Sharing ratio
Sacrificing ratio
Old profit -Sharing ratio
Gaining ratio
30s
• Q9
New partner can be admitted into partnership
with the consent of majority of partners
with the consent of all the partners
with the consent of 2/3rd of old partners.
with the consent of any one partner
30s
• Q10
At the time of admission , If the profit - sharing ratio among old partners does not change. then sacrificing ratio will be
old ratio
ratio of partners capital
equal
new ratio
45s

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