Description : If `NDP_(FC)` is ₹ 1, 000 crores and NFIA is `(-)` ₹ 5 crores , how much will be the national income ?
Last Answer : If `NDP_(FC)` is ₹ 1, 000 crores and NFIA is `(-)` ₹ 5 crores , how much will be the national income ?
Description : 1 Balance of cash ₹ 65,500. 2 Brought additional capital ₹ 12,000.
Last Answer : Prepare a simple cash book of Mr. Shriram from the following details: 2019 Feb. 1 Balance of cash ₹ ... the bank all cash in excess of ₹ 11,000.
Description : If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?
Last Answer : If the domestic factor income is ₹ 200 crores and the national income is ₹ 190 crores , how much will be the net factor income from abroad ?
Description : 1 Pass opening entries: Debtors ₹ 20,000; Creditors ₹ 30,000; Computer ₹ 50,000 and Capital ₹ 40,000.
Last Answer : Journalise the following transactions in the Journal Proper of Mr. Mahadev. 1 Pass opening entries: ... Allowed cash discount of ₹ 1,000 to Ajay.
Description : Aggregate net value of the output in one year is the - (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net. National Product at market prices (4) Gross National Product at market prices
Last Answer : (3) Net. National Product at market prices Explanation: Net national product at market price is the market value of the output of final goods and services produced at current price in ... at market price, Net national product at market price=Gross national product at market priceDepreciation.
Description : Aggregate net value of the output in one year is the (1) National income at factor cost (2) Gross Domestic Product at market prices (3) Net National Product at market prices (4) Gross National Product at market prices
Last Answer : Net National Product at market prices
Description : Which of the following economic concepts is categorised on the basis of Current Account or Capital Account or both? A. Balance of Payments B. Value of the food grain stock of a country C. Gross National Product D. Gross National Income(GNI) E. Total collection of Direct Taxes in a year
Last Answer : A. Balance of Payments Explanation: A Balance of payments statements is a summary of a nation‘s total economic transactions undertaken on international account. It is usually composed of two sections :-
Description : How much amount has been allocated for Indian Railways for the fiscal year 2019-20? A. Rs. 65,587 crores B. Rs. 66,587 crores C. Rs. 64,587 crores D. Rs. 67,587 crores
Last Answer : C [Rs. 64,587 crores] Explanation: A capital expenditure programme of Rs 1, 58, 658 crore for Indian Railways has been announced by Finance Minister Piyush Goyal in the Railway Budget 2019.
Description : If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________
Last Answer : If closing capital is ₹ 30,000 and profit is ₹ 5,000 opening capital was __________ (a) ₹ 35,000 (b) ₹ 30,000 (c) ₹ 25,000 (d) ₹ 15,000
Description : The inventory of raw materials included in the working capital is usually about __________ month’s supply of raw materials valued at delivery prices. (A) One (B) Three (C) Six (D) Twelve
Last Answer : (A) One
Description : GDP at market prices is the sum of Consumption, Investment, Government Spending and Net Exports. „Net‟ exports is (a) Gross exports minus depreciation ; (b) Exports minus imports ; (c) Gross exports earnings minus capital inflow ; (d) Export minus imports of merchandize
Last Answer : (b) Exports minus imports ;
Description : Closing Stock is valued at cost or market price whichever is more.
Last Answer : State True or False with reason : Closing Stock is valued at cost or market price whichever is more.
Description : Closing stock is always valued at cost or market price which is ___________
Last Answer : Closing stock is always valued at cost or market price which is ___________ (a) more (b) less (c) zero (d) equal
Description : At what price the stock is valued under conventional method ? (A) At cost price (B) At market price (C) At cost price or market price whichever is lower (D) At cost price or market price whichever is higher
Last Answer : Answer: At cost price or market price whichever is lower
Description : Closing stock is valued at A. Cost B. Market value C. Cost or market price whichever is lower D. None of the above
Last Answer : C. Cost or market price whichever is lower
Description : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders.a) Started business with cash ₹ 1,00,000.b) Bought goods for cash \( ₹ 20,000 \).c) Cash sales ₹ \( 60,000 . \)
Last Answer : 20) Use Accounting Equation to show the effect of the following transactions of Ram Traders. a) Started ... 000 . c) Cash sales ₹ 60,000 .
Description : For the financial year ended as on March 31, 2013 the figures extracted from the balance sheet of Xerox Limited as under: Opening Stock Rs. 29,000; Purchases Rs. 2,42,000; Sales Rs. 3,20,000; Gross Profit 25% of ... Stock Turnover Ratio will be :- (a) 8 times (b) 6 times (c) 9 times (d) 10 times
Last Answer : (a) 8 times
Description : How is a house valued in probate The apprasial amount or Market value Balance of mortgage is $127,000. Can the spouse buy out the adult children ?
Last Answer : The home should be valued at "fair market value", which is the value that a willing buyer and willing seller would set the house at, assuming they each knew all applicable facts. The spouse can buy out the adult children under some circumstances.
Description : During a merger and acquisition transaction, the ability to find and use good comparable data for a valuation is relatively ____________. a) easy because each successful company within an industry ... depth, product diversity and access to lines of credit seldom match the company being valued
Last Answer : d) difficult because size differential, management depth, product diversity and access to lines of credit seldom match the company being valued
Description : Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes - (1) a fall in prices of output and resources (2) a fall in real gross National product ... a rise in real gross National product and investment (4) a rise in prices of output and resources
Last Answer : (1) a fall in prices of output and resources Explanation: In 1936, John Maynard Keynes published the book "The General Theory of Employment, Interest and Money to explain the prolonged and ... at a below-full-employment equilibrium. Suppose that the economy is at the full-employment equilibrium.
Description : The best measure to assess a country's economic growth is - (1) per capita income at constant prices (2) per capita income at current prices , (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : (1) per capita income at constant prices Explanation: Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period ... the aggregate (such as GDP or Gross National Income) and dividing it by the total population.
Description : The most simple and popular method of measuring economic development is to calculate the trend of Gross National Product (GNP) at: A. Current Prices B. Constant Prices C. Both of the above D. None of the above
Last Answer : B. Constant Prices
Description : According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes (1) a fall in prices of output and resources (2) a fall in real gross National product and ... rise in real gross National product and investment (4) a rise in prices of output and resources
Last Answer : a fall in prices of output and resources
Description : The best measure to assess a country’s economic growth is (1) per capita income at constant prices (2) per capita income at current prices (3) gross domestic product at current prices (4) gross national product at current prices
Last Answer : per capita income at constant prices
Description : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` subsidies to get National income of the economy.
Last Answer : If net national products is given at Market Prices , we `"____"` indirect taxes and `"________"` ... Divide C. Subtract , Add D. Subtract , Divide
Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.
Description : A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production ... (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy
Last Answer : the high rate of inflation prevailing in the economy
Description : Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Last Answer : Are the following statements true or false ? Give reasons . In a closed economy , gross domestic product is always equal to gross national product .
Description : Gross National Product is the money measure of - (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy
Last Answer : (2) final goods and services produced in the economy Explanation: Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied ... (including income of those located abroad), minus income of non-residents located in that country.
Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment
Last Answer : B. The total domestic and foreign output claimed by residents of the country
Description : Gross National Product is the money measure of (1) all tangible goods produced in a country (2) final goods and services produced in the economy (3) services generated annually in the economy (4) all tangible goods available in the economy
Last Answer : final goods and services produced in the economy
Description : A linear programm A linear programming model CANNOT be used when whic ing model CANNOT be used when which of the followin h of the following are true? g are true? a)An optimal ... set of linear constraints may be defined d)Cross product relationships exist between two or more decision variables
Last Answer : d)Cross product relationships exist between two or more decision variables
Description : As per AS-3, Cash Flow Statement is mandatory for (i) All enterprises (ii) Companies listed on a stock exchange (iii) Companies with a turnover of more than Rs 50 crores A. Both (i) and (ii) B. Both (i) and (iii) C. Both (iii) and (ii) D. None of the above
Last Answer : C. Both (iii) and (ii)
Description : 1. Furniture purchased for ₹ 6,000 was posted to the purchases account as ₹ 600.
Last Answer : The trial balance of Radhika did not agree. Radhika put the difference to the suspense ... Give journal entries and prepare Suspense Account.
Description : 1 Purchased goods from M/s. Jalna Traders, Delhi for ₹ 10,000 at 10% T.D.
Last Answer : Prepare Purchase Book and Sales Book, M/s. S.K. Traders dealer in ready-made garments, Mumbai. 2019 April ... CGST @ 9%, SGST @ 9% and IGST @ 18%.
Description : 1 Cash Balance ₹ 56,000 Bank Overdraft ₹ 11,000
Last Answer : Enter the following transaction of Mr. Chavan in a cash book with cash and bank column for the month ... cash and electricity bill ₹ 7,400 by cheque.
Description : Mr.Ashvin started the business with cash of ₹ 95,000.
Last Answer : Prepare a simple cash book from the following information: 2019 January 1 Mr. Ashvin started the business ... 4,980. 31 Deposited into bank ₹ 7,000.
Description : 1 Cash Balance ₹ 33,000 Bank Balance ₹ 8,000 3 Received from Prerna cash ₹ 2,750 and a bearer cheque for ₹ 645.
Last Answer : Enter the following transaction of Hariram Bros, in a cash book with cash and bank column for the month of ... the bank all cash in excess of ₹ 5,000.
Description : 1 Started business with cash ₹ 30,000. 2 Opened a current account with the bank and deposited ₹ 9,000.
Last Answer : Enter the following transaction in a cash book with cash and bank columns for the month of April 2019 : ... from the bank for office use ₹ 1,000.
Description : From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ 200 . Indirect Taxes = ₹ 420 , Subsidies =
Last Answer : From the following information , compute `GNP_(MP) . GDP_(FC)` = ₹ 3, 000 . Net factor income to abroad = ₹ ... A. 3380 B. 2, 980 C. 3020 D. 2, 620
Description : If the purchases made during the year were Rs. 60,000, the balance of stock in trade at the beginning and at the end of the year were Rs. 12,000 and Rs. 9,000 respectively and the gross profit on sales was 1/5th, when which ... year ? (A) Rs. 15,750 (B) Rs. 14,000 (C) Rs. 12,500 (D) Rs. 17,250
Last Answer : Answer: Rs. 12,500
Description : When sale is Rs. 4,80,000, gross loss is 25% on cost, purchase is Rs. 3,50,000 and closing stock is Rs. 60,000, the stock in the beginning would be– (A) Rs. 70,000 (B) Rs. 94,000 (C) Rs. 1,34,000 (D) Rs. 3,50,000
Last Answer : Answer: Rs. 3,50,000
Description : Rate of Gross Profit on cost is 25%. Total sales is Rs. 1,00,000 and Average Stock is Rs. 1,60,000. Stock Turnover Ratio will be– (A) 0•5 times (B) 0•8 times (C) 0•10 times (D) 0•4 times
Last Answer : Answer: 0•5 times
Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income
Last Answer : (3) Gross domestic income Explanation: The Gross Domestic Income (GDI) is the total in-come received by all sectors of an economy within a nation. It includes the sum of all wages, profits, ... services), the gross domestic income of a count should exactly equal its gross domestic product (GDP).
Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income
Last Answer : Gross domestic income
Description : The basic aim of Securities and Exchange Board of India (SEBI) is to- (A) Develop an effective and efficient monitoring and control system for the Indian Capital Market (B) To help Bombay Stock Exchange ... To help National Stock Exchange of India Ltd. only (D) To help OTC Exchange of India only
Last Answer : Answer: Develop an effective and efficient monitoring and control system for the Indian Capital Market
Description : In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed.
Last Answer : In a small company, paid-up share capital does not exceed ₹ __________ or such higher amount as may be prescribed. ... (b) ₹ 20 lakh (c) ₹ 50 lakh
Description : In accounting terms, what constitutes the 'closing stock'? (1) Net Investment (2) Gross Investment-Capital Losses (3) Opening Stock-Capital Losses (4) Opening Stock + Net Investment - Capital Losses
Last Answer : (4) Opening Stock + Net Investment - Capital Losses Explanation: Closing stock refers to the goods remaining un-sold during the year. It includes finished products, raw materials, or work in progress ... with the following calculation: Opening stock + Purchases - Closing stock = Cost of goods sold.
Description : Investment is equal to : (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of the above
Last Answer : (2) gross total of all capital assets minus wear and tear Explanation: Capital formation is frequently thought of as a measure of total "investment", in the sense of that portion of ... concept that includes investment in all kinds of capital assets, whether physical property or financial assets.
Description : Investment is equal to - (1) gross total of all types of physical capital assets (2) gross total of all capital assets minus wear and tear (3) stock of plants, machines and equipments (4) None of these
Last Answer : (2) gross total of all capital assets minus wear and tear Explanation: Investment" is a broader concept that includes investment in all kinds of capital assets, whether physical property or financial assets. In ... out the loss in capital value of assets used due to wear & tear, obsolescence, etc.