(i) Value of goods remaining unsold at the end of the year.

(i) Value of goods remaining unsold at the end of the year.
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Write one word/term or phrase which can substitute each of the following statements : ... information is provided below the Trial Balance.
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Description : Is it all thrown away? I don't believe they'll sell everything.

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While determining income the expenditure on which of the following items is not considered as investment? (1) Construction of factory (2) Computer (3) Increase in the stock of unsold articles (4) Stock and share in joint stock company

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Last Answer : (3) Increase in the stock of unsold articles Explanation: The gross national product is the sum total of all final goods and services produced by the people of one country in one year. The GNP is a ... net exports (Xn). Increase in the stock of unsold articles do not come under any of these heads.

The yearly unsold certificate statement received from all SO by HO will be forwarded to a) Circle stamp depot b) Head of the circle d) Postal Account office d) Security press nasik

Description : The yearly unsold certificate statement received from all SO by HO will be forwarded to a) Circle stamp depot b) Head of the circle d) Postal Account office d) Security press nasik

Last Answer : d) Security press nasik

Gross profit is equal to 1. selling price minus purchase price 2. selling price minus purchase price plus depreciation 3. depreciation plus unsold stock minus purchase price 4. purchase price minus production cost 5. None of these

Description : Gross profit is equal to 1. selling price minus purchase price 2. selling price minus purchase price plus depreciation 3. depreciation plus unsold stock minus purchase price 4. purchase price minus production cost 5. None of these

Last Answer : selling price minus purchase price

While determining income the expenditure on which of the following items is not considered as investment ? (1) Construction of factory (2) Computer (3) Increase in the stock of unsold articles (4) Stock and share in joint stock company

Description : While determining income the expenditure on which of the following items is not considered as investment ? (1) Construction of factory (2) Computer (3) Increase in the stock of unsold articles (4) Stock and share in joint stock company

Last Answer : Increase in the stock of unsold articles

Pick out the wrong statement. (A) Gross revenue is that total amount of capital received as a result of the sale of goods or service (B) Net revenue is the total profit remaining after deducting all costs excluding taxes (C) The ratio of immediately available cash to the total current liabilities is known as the cash ratio (D) Consolidated income statement based on a given time period indicates surplus capital and shows the relationship among total income, costs & profit over the time interval

Description : Pick out the wrong statement. (A) Gross revenue is that total amount of capital received as a result of the sale of goods or service (B) Net revenue is the total profit remaining ... indicates surplus capital and shows the relationship among total income, costs & profit over the time interval

Last Answer : (C) Working capital turnover ratio = sales/net working capital

A person sold one-third of the total quantity of goods at a profit of 15%. At what profit percent should the remaining quantity be sold so that he makes an overall gain of 21%? 1 : 18% 2 : 27% 3 : 33% 4 : 30% 5 : None of these

Description : A person sold one-third of the total quantity of goods at a profit of 15%. At what profit percent should the remaining quantity be sold so that he makes an overall gain of 21%? 1 : 18% 2 : 27% 3 : 33% 4 : 30% 5 : None of these

Last Answer : 5 : None of these

Where an unpaid seller has made part delivery of the goods he may exercise his Right of _______ A. Return of remaining goods B. Lien on the remaining goods C. Sale to any other person D. None of above

Description : Where an unpaid seller has made part delivery of the goods he may exercise his Right of _______ A. Return of remaining goods B. Lien on the remaining goods C. Sale to any other person D. None of above

Last Answer : B. Lien on the remaining goods

A salesperson has goods of worth Rs.12000. He sold half of the goods at a gain of 24%. At what profit per cent should he sell the remaining half of the stock so that he gets36% profit on the whole?

Description : A salesperson has goods of worth Rs.12000. He sold half of the goods at a gain of 24%. At what profit per cent should he sell the remaining half of the stock so that he gets36% profit on the whole?

Last Answer : CP of goods = 12000 For 36% gain, total SP =12000 + (36/100*12000) = 16320 SP of goods worth 6000 at 24% profit = 6000 + (24/100*6000) = 7440 Therefore, SP of remaining goods = (16320-7440) = 8880 Let ... % for remaining goods be x. Then, =>6000*(100+x)/100=8880 =>100+x=8880/60 x=148-100=48

Akbar and Birbal started a business with investments of Rs.30000 and Rs.40000 respectively. At the end of the one year, they gave 10% of the total profit of Rs.7000 to charity. Find the difference in the profit of shares of both out of the remaining profit (in Rs.) a)600 b)900 c)500 d)8001

Description : Akbar and Birbal started a business with investments of Rs.30000 and Rs.40000 respectively. At the end of the one year, they gave 10% of the total profit of Rs.7000 to charity. Find the difference in the profit of shares of both out of the remaining profit (in Rs.) a)600 b)900 c)500 d)8001

Last Answer : b)900

A, B and C are 3 partners in a business. Their investments are respectively Rs 2000, Rs 4,000 and Rs 3,000. A gets 30% of total profit for managing the business. The remaining profit is divided among them in the ratio of their investments. At the end of the year, the profit of Ais Rs 1100 less than the sum of the profit of B and C. What amount of income will C get? A) Rs 2100.75 B) Rs 2887.5 C) Rs 2705.75 D) Rs 2546.25

Description : A, B and C are 3 partners in a business. Their investments are respectively Rs 2000, Rs 4,000 and Rs 3,000. A gets 30% of total profit for managing the business. The remaining profit is divided among them in the ratio ... of income will C get? A) Rs 2100.75 B) Rs 2887.5 C) Rs 2705.75 D) Rs 2546.25

Last Answer : Answer: B) The ratio of profit of A, B and C is 2000:4000:3000=2:4:3. Let the annual profit be P. Then, A will get 0.3p for managing the business. And, remaining 0.7p will be distributed in the ratio of their ... ⇒ 7/9 0.7p−2/9 0.7p−0.3p=1100 ⇒ p=12,375 So, C's share=3/9 0.7p=Rs 2887.5

Durga invested Rs X for 5 months and Y for remaining time. Moushsree invested Rs Y for 9.months and X for the remaining time. At the end of the year profits are in the ratio 4:5. Then find what % of X is Y? A) 6.2 % B) 7.69% C) 5.25% D) 3.2%

Description : Durga invested Rs X for 5 months and Y for remaining time. Moushsree invested Rs Y for 9.months and X for the remaining time. At the end of the year profits are in the ratio 4:5. Then find what % of X is Y? A) 6.2 % B) 7.69% C) 5.25% D) 3.2%

Last Answer : Answer: B)  Durga investment =5X+7Y  Moushsree investment =9Y+3X  (5X+7Y)/(9Y+3X)=4/5  X/Y=1/13 *100=7.69%

The fight is almost coming to an end after a five minute battle. Team one lost all of the members, except for leader Joe who carries a big hammer, which is very dangerous and strong. Team two had two remaining people with no leader but one person who uses a bat and one person that uses an axe. Team two tried cornering Leader Joe, who then surrendered. Despite the fact that leader Joe had a bigger and much more dangerous weapon than the two on the other team, why did he surrender? -Riddles

Description : The fight is almost coming to an end after a five minute battle. Team one lost all of the members, except for leader Joe who carries a big hammer, which is very dangerous and strong. Team two ... bigger and much more dangerous weapon than the two on the other team, why did he surrender? -Riddles

Last Answer : It was a checkmate!

An electric bulb is connected on a holder. One end of the wire is connected to the phase and the remaining one connected to earth instead of neutral. The bulb will glow or not? If yes then what is the need of neutral?

Description : An electric bulb is connected on a holder. One end of the wire is connected to the phase and the remaining one connected to earth instead of neutral. The bulb will glow or not? If yes then what is the need of neutral?

Last Answer : 1. Yes the bulb will be glow & neutral is return path of Circuit it is originated from distribution transformers star point, form this point only neutral is taken. 2. Then what is the need ... : It gives assurance of reliable centralized earthling as your home may or may not have reliable earthling.

Consider three CPU intensive processes P1, P2, P3 which require 20, 10 and 30 units of time, arrive at times 1, 3 and 7 respectively. Suppose operating system is implementing Shortest Remaining Time first (preemptive scheduling) algorithm, then .............. context switches are required (suppose context switch at the beginning of Ready queue and at the end of Ready queue are not counted). (A) 3 (B) 2 (C) 4 (D) 5

Description : Consider three CPU intensive processes P1, P2, P3 which require 20, 10 and 30 units of time, arrive at times 1, 3 and 7 respectively. Suppose operating system is implementing Shortest Remaining Time first (preemptive scheduling) ... end of Ready queue are not counted). (A) 3 (B) 2 (C) 4 (D) 5

Last Answer : (A) 3

A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in his books for Rs. 750000. Which of the following concept is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these

Description : A trader purchases goods for Rs. 2500000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs. 500000. But the trader recorded in ... is violated. (a) Money measurement (b) Conservatism (c) Consistency (d) None of these

Last Answer : (b) Conservatism

In order to find out the value of the closing stock during the end of the financial year we, A) do this by stocktaking B) deduct the cost of goods sold from sales C) deduct opening stock from the cost of goods sold D) look in the stock account

Description : In order to find out the value of the closing stock during the end of the financial year we, A) do this by stocktaking B) deduct the cost of goods sold from sales C) deduct opening stock from the cost of goods sold D) look in the stock account

Last Answer : Answer: A

What is the difference between the market segments at the beginning of the round to the final round? a. They all drift at an average rate of .7; down and to the right. b. The fine cuts overlap in the beginning and in year 8; only the rough cuts overlap. c. The fine and rough cuts overlap in the beginning and by round 8 neither the fine nor rough cuts overlap. d. The traditional and low segment rough cuts overlap but all the remaining segments do not. e. The High, Traditional and Low segment rough cuts overlap but all the remaining segments do not.

Description : What is the difference between the market segments at the beginning of the round to the final round? a. They all drift at an average rate of .7; down and to the right. b. The fine cuts ... not. e. The High, Traditional and Low segment rough cuts overlap but all the remaining segments do not.

Last Answer : b. The fine cuts overlap in the beginning and in year 8; only the rough cuts overlap.

X invested three- nineth, Y invested three-seventh of the remaining and Zth remaining. If Y earned Rs.840 as profit pr each year. Find the average monthly profit of all. A) 510 B) 490 C) 630 D) 370

Description : X invested three- nineth, Y invested three-seventh of the remaining and Zth remaining. If Y earned Rs.840 as profit pr each year. Find the average monthly profit of all. A) 510 B) 490 C) 630 D) 370 

Last Answer : Answer: B) Let total amount puts by X, Y& Z be P X's investment = 3/9 P Balance investment =6/9 p Y's investment =6/9*P*3/7=2/7 P Remaining investment =8 p/21 =Z's amounts Profit ratio ... :6:8 1month share =840/12=Rs .70 Average monthly profit of X, Y, Z=70/3 *21 =Rs.490