Test Preparation on CA/CS Foundation MCQ Question Partnership Accounts II
1.
P and Q enter into, joint venture sharing profitand loss equally. P purchased-100 kg. of .rice @ Rs.20/kg. Brokerage paid Rs. 200, cairiage paid Rs. 300.Q sold 90 kg of rice @ Rs. 22/kg. Balance rice weretaken over by Q at cost The value of rice taken overto be recorded in joint venture will be:
2.
If a venturer draws a bill on his co-venturer andif the drawer discounts the bill with same sets ofbooks maintained, discounting charges will be borneby:
3.
Which of the following statement is correct?
4.
If unsold goods costing Rs. 2,000 is taken overby Venturer at Rs. 1500, the joint Venture A/c willbe credited by:
5.
State which of the statement is true?
6.
Which of the following statement is true
7.
Which of the following statement is true
8.
X draws a bill on Y for Rs. 1,000 on 1.07. Xaccept the' same on 4.1.07. Period of the bill 3months after date. What will be the due date of thebill:
9.
Mr. A draws a bill on Mr. Y for Rs. 30,000 on1.1.07 for 3 months. On 4.2.07. X got the billdiscounted at 12% rate. The amount of discount willbe:
10.
On 1.1.07 X draw a bill on Y for Rs. 50,000. Atmaturity, the bill returned dishonored as Y becomesinsolvent and 40 paise per rupee is recovered fromhis estate. The amount recovered is:
