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Accountancy riddles

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Accountancy riddles

Riddle

Played 3 %Accuracy 71 Average time 01:43
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About this activity

Interactive questions from partnership accounts

Created by

Himani
Himani
United States

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Accountancy riddles
 

Accountancy riddlesOnline version

Interactive questions from partnership accounts

by Himani
1

We are the two types of accounts a partner can have. One of us never changes unless new capital is added, and the other changes every year. Who are we?

2

I am a rule of thumb for interest on drawings when a specific withdrawal date is not given. For how many months do you charge me?

3

I am assumed as the sacrificing ratio on the admission of a partner if nothing else is mentioned.

Hints

I am already given in the question.

4

I am the account which is made first of all in case of admission of a partner.

Hints

I record the difference in market value and book value of the items of balance sheet.

5

I am the money withdrawn by a partner but the firm doesn't charge any interest on me. What am I?

Hints

He took away his money. I am the name given to it.

6

I am the reason why a firm earns more than its competitors in the industry. What am I?

Hints

I cannot be truly valued until they dissolve the firm.

7

At the time of admission, I am credited to old partners capital accounts if there is no claim against me. What am I?

Hints

I am a specific reserve.

 
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