Salaries Rs.20000,depreciation for the period is Rs.30000 other operating expenses are Rs.9000, net loss for the period is Rs.5000 fund generated from operation is------------------ a) Rs.25000
b) Rs.15000
c) Rs.35000
d) Rs.14000

1 Answer

Answer :

a) Rs.25000

Related questions

Description : L, M and N started a business in which L invested Rs.15000/- for 2year, M invested Rs 25000/- for 3 years, N invested Rs.35000/- for 4 years. At the end of the profit received by them is Rs.9800/-. What is N’s share?. A) 5600 B) 5000 C) 5500 D) 4500 

Last Answer : Answer: A) L = Rs.15000/- per 2 years M= Rs.25000/- per 3 years N = Rs.35000/- per 4 years = 15000 2 : 25000 3 : 35000 4 =30000:75000:140000=30:75:140 =6:15:28 Total = 49 parts -----> Rs. ... )  = 1 part ------> Rs.200/- Then, N's share is = 28 parts = Rs.200 28 parts  = Rs.5600

Description : The divisional supdt may sanction may sanction up to Rs_____ annual or special repairs/ maintenance expenses to Deptl bldgs per annum per bldgs a) 25000/- b) 30000/- c) 15000/- d) 10000/

Last Answer : c) 15000/

Description : Net Profit of the society is Rs. 100000. 25 % should be transferred to reserve fund. Calculate the amount to be transferred to the reserve fund___ a. Rs 28000 b. Rs 25000 c. Rs 20000 d. Rs 18000

Last Answer : Rs.25000

Description : Gross profit are Rs.50,000 and expenses not result in the application of funds are Rs.10000 funds from operation will be a) Rs.60000 b) Rs.50000 c) Rs. 40000 d) Rs. 30000

Last Answer : a) Rs.60000

Description : Company registration fee for small scale industry is Rs ……………… A. 10000 C. 15000 B. 25000 D. 20000

Last Answer : 25000

Description : 6000 ÷ 15 × 225 – 70000 = ? a) 20000 b) 18000 c) 16000 d) 14000 e) 15000

Last Answer : ? = 6000 – 225 / 15 - 70000 = 90000 – 70000 = 20000 Answer: a)

Description : Ashwin purchased a second hand machine for Rs.1 lakh. Over the first year after its purchase. He incurred an expense of Rs.20000 in maintaining it. At the end of the first year he sold it for Rs.80000. Find his ... account of depreciation. a)12.5% profit b)12.5% loss c)11 1/9% profit d)11 1/9% loss

Last Answer : d)11 1/9% loss 

Description : The divisional supdt may sanction Sub divisional office Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 50000/- d) 15000/

Last Answer : d) 15000/

Description : The min RPLI policy limit is a) 20000/- b) 25000/- c) 10000/- c) 15000/

Last Answer : c) 10000/

Description : To arrive at funds from operation ,non-cash expenses must be added to---------- a) Net profit b) Gross profit c) Operating profit d) None of these

Last Answer : a) Net profit

Description : In the fund flow statement, depreciation is---------------- a) Deducted from net profit b) Added to net profit c) Sources of working capital d) Ignored

Last Answer : b) Added to net profit

Description : The divisional supdt may sanction up to Rs_____ in each case for hiring examination and for other purpose etc holding customers meet etc a) 25000/- b) 30000/- c) 5000/- d) 75000/

Last Answer : c) 5000/

Description : A limited company makes a net profit of Rs. 2,00,000 after writing off preliminary expenses amounting to Rs. 20,000 and providing for depreciation on assets amounting to Rs. 40,000 and gain of Rs. 10,000 on sale of a piece of ... 2,00,000 (B) Rs. 2,40,000 (C) Rs. 2,50,000 (D) Rs. 2,60,000

Last Answer : Answer: Rs. 2,50,000

Description : The divisional supdt may sanction up to Rs____ for petty works-per annum per departmental buildings a) 25000/- b) 30000/- c) 5000/- d) 10000/

Last Answer : d) 10000/

Description : The divisional supdt may sanction EDSO/EDBO Rs_____ p.a purchase of furniture and fitting for office. a) 25000/- b) 30000/- c) 5000/- d) 75000/

Last Answer : c) 5000/

Description : The following data, relates to manufacturing company for the year 2006-07- Net Profit as per P & L A/c-Rs. 2,40,000; Depreciation-Rs. 80,000; Goodwill written-off- Rs. 40,000, Profit on Sale of Fixed Assets-Rs. 16,000, ... ) Rs. 4,40,000 (B) Rs. 4,00,000 (C) Rs. 6,40,000 (D) None of the above

Last Answer : Answer: None of the above

Description : Molecular weights of plastics ranges from (A) 1000 to 5000 (B) 5000 to 1000 (C) 20000 to 25000 (D) 10 9 to 10

Last Answer : (C) 20000 to 25000

Description : What is the min amount AEA policy for GP D and others a) 10000/- ,20000/- b) 20000,/- 30000/- c) 5000/-, 10000/- d) None of these

Last Answer : a) 10000/- ,20000/

Description : The average expenditure of A, Band C is Rs 10000 per month. Also, the average expenditure of B, C and D is Rs 14000 per month. If the average expenditure of D is thrice of that of A then the average expenditure of B and C is: A) 12000 B) 15000 C) 18000 D) 21000

Last Answer : A) Total expenditure of A, B & C=3×10000=30000 Total expenditure of B, C & D =3×14000=42000 D-A=42000-30000=12000 Also, we are given D=3A. so 3A-A =12000 & A=6000 Total expenditure of B & C=30000-6000=24000 Average expenditure of B& C=24000/2 =12000

Description : Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold

Last Answer : c. cost of goods sold, net sales revenue

Description : Gross profit for a merchandiser is net sales minus a. operating expenses. b. cost of goods sold. c. sales discounts. d. cost of goods available for sale.

Last Answer : b. cost of goods sold.

Description : aAfter gross profit is calculated, operating expenses are deducted to determine a. gross margin. b. operating income. c. gross profit on sales. d. net margin.

Last Answer : b. operating income.

Description : The divisional supdt may sanction Rs ____ in each case for a period of three month only, for temporay arrangements for conveyance of mails without calling tenders a) 2500/- b) 30000/- c) 5000/- d) 10000

Last Answer : c) 5000/

Description : Closing entries are made a. in order to terminate the business as an operating entity. b. so that all assets, liabilities, and Stockholders' equity accounts will have zero balances when the ... ) and dividends to the retained earnings account. d. so that financial statements can be prepared.

Last Answer : c. in order to transfer net income (or loss) and dividends to the retained earnings account. unt.

Description : Gowtham started a business, investing Rs.25000. After 4 months and 5 months respectively, Rithick and Sudhir joined him with capitals of 15000 and 12000. At the end of the year the total profit was Rs.4632. What is the difference between Rithick’s and Sudhir’s share in the profit approximately?

Last Answer : Gowtham investment =25000*12=3000000 Rithick investment = 15000*8 =120000 Sudhir investment = 12000*7 =84000  Ratio of their investment= 25:10:7  The difference between Rithick’s and Sudhir’s share=3  That is= 4632*3/42 = Rs 331 (approx.)

Description : If the gross returns from an enterprise are INR 30000 and the net returns INR 20000, the benefit cost ratio based on net gain would be a). 3.0 b). 2.0 c). 1.0 d). 1.5

Last Answer : b). 2.0

Description : The ratio of income of X and Y is 4:3. The sum of their expenditure is Rs.12,000 and the amount of savings is X is equal to the amount of expenditure of Y.What is the salary of Y? A) 9000 B) 7000 C) 12000 D) 15000 E) None of these

Last Answer : Answer: A X’s saving = Expenditure of Y = S 4x-S + S = 12000 X = 3000 3x =3*3000 = 9000

Description : Current ratio is 4:1, the amount of current liabilities is Rs.12000 the amount of working capital is----- a) Rs.48,000 b) Rs.36000 c) Rs.30000 d) Rs.60000

Last Answer : a) Rs.48,000

Description : If the current assets and working capital of a company are rs.80,000 and rs.50000 then current liability will be------------- a) Rs.1,00,000 b) Rs.1,30,000 c) Rs.70000 d) Rs.30000

Last Answer : d) Rs.30000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : (1) 20000 Explanation: Breakeven quantity is the number of incremental units that the firm needs to sell to cover the cost of a marketing program or other type of investment. It is given by the formula: BEQ = FC / (P-VC) Where ... per unit = 30/12 = Rs. 2.5 So 20000/ (2.5-1.5) = 20000/1= Rs. 20,000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : 20000

Description : Two persons Ashok and Amit enter into a business. Ashok invests Rs 12500 in the first time and after 6months withdraws Rs 7000. Amit withdraws Rs 3000 after 8 months. Both have equal profit at the end of the year. What is the amount invested by Amit initially? A) 15000 B) 20000 C) 10000 D) 16000

Last Answer : Answer: C)  Ashok’s investment =12500*6+5500*6=108000  Amit’s investment=x*8+(x-3000)*4  108000=8x+4x-12000=>X=Rs 10000  Amount invest by Amit is Rs 10,000

Description : Agalya and Bhairavi enter into a partnership and Agalya invests Rs 14000 in the partnership. At the end of 3months she invests Rs 5000. At the end of another 4 months, she invests the another Rs 6000. If ... year, how much did Bhairavi invest in the company? A) 37850 B) 42500 C) 41400 D) 35478

Last Answer : Answer: C)  Let investment of Bhairavi be X rupees for 12 months  Agalya’s investment for 12 months =14000*3+5000*4+6000*5  =Rs 92000  Share received by Bhairavi = Rs 9720  Share received by Agalya =Rs 21600  Ratio of their profit 92000/X=21600/9720  X=Rs 41400

Description : Depreciation is a source of fund------------------- a) Yes b) No c) Both yes or no d) None of these

Last Answer : a) Yes

Description : Increase in working capital is----------------------- a) Source of fund b) Application of fund c) Funds from operation d) Loss from operation

Last Answer : b) Application of fund

Description : The ratio of salary of two persons X and Y is 5:8. If the salary of X increases by 60% and that of Y decreases by 35% then the new ratio of their salaries become 40:27. What is X's salary? a) Rs.15000 b) Rs.12000 c) Rs.19500 d) Data inadequate. e) NONE

Last Answer : Answer : D Ratio of salary of X and Y is 5:8 Let the original salary of X and Y be Rs.5k and Rs.8k respectively. After increasing 60%, new salary of X = 160% of 5k = 160x5k/100 = 80k/ ... does not give the value of k; so that we cannot find X's exact salary. Hence the answer is data inadequate.

Description : From the information given below, calculate Debt service coverage Ratio- Net profit after interest and Tax Rs. 40,000, Depreciation Rs. 5,000, Rate of Income Tax 50%, 10% Mortgage Debentures Rs. 60,000. Fixed Interest Charges Rs. 6 ... . (A) 4 06 times (B) 5 06 times (C) 6 06 times (D) 7 06 times

Last Answer : Answer: 4•06 times

Description : What is the approximate height of a geostationary satellite from the surface of the earth? (1) 981 km (2) 15000 km (3) 35000 km (4) 55000 km

Last Answer : (3) 35000 km Explanation: A satellite in such an orbit is at an altitude of approximately 35,786 km (22,236 mi) above mean sea level.

Description : The operating profit and net sale of a firm are rs.2,00,000 and rs.10,00,000 respectively then operating ratio will be a) 20% b) 5% c) 50% d) 20%

Last Answer : a) 20%

Description : Income from operations is gross profit less a. administrative expenses. b. operating expenses. c. other expenses and losses. d. selling expenses.

Last Answer : b. operating expenses.

Description : The divisional supdt may sanction may sanction up to Rs ___ for each meat , for holding of customers meet a) 2500/- b) 30000/- c) 5000/- d) 10000/

Last Answer : c) 5000/

Description : It will be ensured that the aggregate value of all the VP articles including article including customs duty articles entrusted to an EDDA does not exceed Rs ______ a) 8000/- b) 5000/- c) 10000/- d) 20000/

Last Answer : a) 8000/

Description : P, Q, R enter into a partnership. P initially invests Rs 15000 and withdrawn Rs. 7500 after 7 months. Q initially invests Rs 12500 and withdraws Rs 10000 after 5 months and R invests Rs 10000 and adds another Rs 5000 ... after how many months did R invests Rs 10000? A) 2.5 B) 2.6 C) 2.7 D) None

Last Answer : Answer: A)  Ratio of P, Q &R is , 15000*7+7500* 8:12500*5+2500* 10:10000*x+15000*(15-x)  P: Q: R=66:35:9-2x  Profit of Q = (profit of P + profit of R)/2  35 = (66 +9 -2x)/2  X=2.5 months

Description : The assets which is not taken under the net assets method of calculating Purchase Consideration is: (A) Loose Tools (B) Bills Receivable (C) Machinery (D) Share issued expenses

Last Answer : (D) Share issued expenses

Description : Cash from operations is equal to------------------ a) net profit afer tax b) net profit plus increase in current asset c) net profit plus decrease in current liabilities d) net profit plus non-cash expenses plus decrease in current

Last Answer : d) net profit plus non-cash expenses plus decrease in current

Description : Under ------------------------ each item of expenses taken as a percentage on net sales a) Comparative income statement b) Comparative balance sheet c) Common size Balance sheet d) Common size Income Statement

Last Answer : d) Common size Income Statement

Description : Calculate the prime cost from the following information: Direct material purchased: Rs. 1,00,000 Direct material consumed: Rs. 90,000 Direct labour: Rs. 60,000 Direct expenses: Rs. 20,000 Manufacturing overheads: Rs. 30,000 (a) Rs. 1,80,000 (b) Rs. 2,00,000 (c) Rs. 1,70,000 (d) Rs. 2,10,000

Last Answer : (c) Rs. 1,70,000

Description : Depreciation of machines fails under the indirect expenses head. As per income tax regulations, it is calculated by the __________ method. (A) Diminishing balance (B) Sinking fund (C) Multiple straight line (D) Sum of the years digit

Last Answer : (A) Diminishing balance

Description : Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. Cole's gross profit is a. $30,000. b. $15,000. c. $6,000.

Last Answer : b. $15,000.

Description : Which of the following is not a true statement about a multiple-step income statement? a. Operating expenses are often classified as selling and administrative expenses. b. There may be a section for nonoperating ... be a section for operating assets. d. There is a section for cost of goods sold.

Last Answer : c. There may be a section for operating assets.