Matching Type MCQs of Admission of Partner Class 12
Looking for important Matching type MCQs with answers of Admission of partner chapter of Accountancy class 12 CBSE, ISCE and other state Board.
We have compiled important Matching Type Multiple Choice Questions with answers of admission of partner of volume 2 accountancy class 12
Matching Type Multiple Choice Questions with answers of admission of partner chapter class 12
Let’s Practice
Match the columns (at the time of admission of partners situations)
| Column – I | Column – II |
| A – Increase in liabilities | i) – Credit – Revaluation Account |
| B – Bad debts recovered | ii) – Credit – Partner’s Capital Account |
| C – Accumulated losses | iii) – Debit – Revaluation Account |
| D – Profit and loss (Cr) | iv) Debit – Partner’s Capital Account |
a) A – iii), B – i), C – ii), D – iv)
b) A – i), B – iii), C – iv), D – ii)
c) A – i), B – iii), C – ii), D – iv)
d) A – iii), B – i), C – iv), D – ii)
Ans – d)
Match the column for situations at the time of admission of new partners.
| Column – I | Column – II |
| A – Future Profits | i) Old Ratio |
| B – General Reserve | ii) New Ratio |
| C – Employee provident Fund | iii) Sacrificing Ratio |
| D – Goodwill of incoming partner | iv) Not distributed |
a) A – i), B – ii), C – iii), D – iv)
b) A – i), B – ii), C – iv), D – iii)
c) A – ii), B – i), C – iv), D – iii)
d) A – ii), B – i), C – iii), D – iv)
Ans – c)
