Accounts – TEST 5 (MCQ Maharashtra-12th Board)
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#1 As per table A, the amount on call on a share must not exceed __________ percent.
#2 Cash proceeds from issue of debentures is _________
#3 In the absence of partnership deed the partners share profits and losses in the __________ ratio.
#4 Increase in the value of assets should be __________ to profit and loss adjustment account.
#5 The issue of debentures less than face value is called _________
#6 The proportion in which old partners make a sacrifice is called ________ ratio.
#7 Bill of exchange can be discounted with the _______________
#8 As per SEBI guidelines, the minimum amount payable on share application should be ___________ on nominal value of shares.
#9 The Capital balances are ascertained by preparing _________
#10 An amount received from the Insurance Company against the joint policy is _______