Prepare yourself for exam like scenario. Take a Mock Test of MCQ (Multi choice Questions) of Accounts of Maharashtra HSC Board absolutely FREE.
Just click on any one of social sharing button available in BOX saying “this content is locked” ( tweet/ fb Like us / g+). Once you click on buttons available in the box below, the content will get unlocked and you will be able to take our various Mock Test absolutely FREE on the same page.
Congratulations!! You have passed the Test.
You need more Practice. Please take the Test again
#1 If any unrecorded liability is paid on dissolution of the firm _______
#2 The interest on capital of a partner is debited to _______ account.
#3 _______________ is a statement of balances of ledger accounts.
#4 M.N.S. are partners in a firm having joint policy of Rs. 10,00,000 on which premium has been paid by a firm. M dies and his legal representatives want the whole amount of the policy where N and S want to distribute the amount among all the partners.
#5 Bills payable is _______
#6 If the goodwill is raised to the extent of retiring partners share _______ account is to be debited.
#7 The debentures which are converted into shares is called ________
#8 Jay, Vijay and Ajay are three partners sharing profits in 3:2:1. They decided to admit Sanjay and give him 1/7th share, new profit sharing ratio of partners will be ______
#9 The issue of debentures more than face value is called ________
#10 Usually ________ is a major source of revenue income for ‘Not for Profit Concerns’