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Mr C Quiz

A company has distributable profit = $4, 90,000. Profit sharing share ratio of Mr. A, Mr. B and Mr. C is 2:3:5 respectively what will be the Profit share for Mr. C in distributable profit.

the Capitals of partners are fixed then, at the end of financial year a partner’s drawings are transferred to the:

In which situation(s) Partnership is dissolved?

In calculating earning per share (EPS), the net profit is divided by which of the following?

A firm may earn profit during an accounting period but have less money in the bank at the end of the period then it had at the beginning. Which of the followings, on its own, could explain this?

Which of the following option(s) is TRUE about the Sales returns?

The persons who sign articles and memorandum of the company and contribute in the initial share capital of the company are called:

The charter of a company which defines the limitations and powers of the company is called:

Which of the following can offer its share to general public at large?

Which of the following are the owners of a company?