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 : Sundry Debtors – Rs.15,000 Bills Receivable (B/R) – Rs.12,500 Cash at Bank – Rs.17,500 Stock – Rs.15,000 Profit – Rs.20,000 Creditors – Rs.25,000 Bills Payable (B/P) – Rs.15,000 Sales – Rs.1,00,000 What is the Acid Test Ratio ? (A) 1•5 : 1 (B) 1•125 : 1 (C) 16 2/3% (D) 50%
Last Answer : Answer: 1•125 : 1
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 : 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 : The ratio which indicates how quickly debtors are converted into cash is--------- a) Receivable turnover ratio b) Inventory turnover ratio c) Working capital turnover ratio d) Creditors turnover ratio
Last Answer : a) Receivable turnover ratio
Description : Current assets are Rs.6,00,000 current liabilities are Rs.3,00,000 the debtors realized Rs.40,000, the impact on net working capital would be------------------------- a) No change in working ... Decrease of working capital by Rs.80,000 c) Increase of working capital by Rs.40,000 d) None of these
Last Answer : a) No change in working capital
Description : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital stock of the economy is valued at ₹ 1, 20 , 000 crores , whic
Last Answer : Gross National Product at market prices of an economy is ₹ 65 , 000 crores . The capital ... 000 crores . Estimate National Income of the economy.
Description : . If credit sales for the year is Rs. 5,40,000 and Debtors at the end of year is Rs. 90,000 the Average Collection Period will be (a) 30 days (b) 61 days (c) 90 days (d) 120 days
Last Answer : (b) 61 days
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 ₹ 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 : Total sales is Rs. 7,60,000, cash sales Rs. 30,000 collection period is 25 days, debtors at Balance Sheet date will be– (A) Rs. 80,000 (B) Rs. 70,000 (C) Rs. 60,000 (D) Rs. 50,000
Last Answer : Answer: Rs. 50,000
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 : (i) In __________ Book-keeping system, only Cash/Bank A/c and Personal accounts of Debtors and Creditors are opened.
Last Answer : Fill in the Blanks : (i) In __________ Book-keeping system, only Cash/Bank A/c ... ____________ accuracy is not guaranteed under Single Entry System.
Description : Would have made it easier for debtors to pay their creditors?
Last Answer : Paper Money
Description : Which one of the following statements is correct ? When creditors' velocity or creditors' turnover is higher as compared to debtors' velocity, it would (A) improve liquidity (B) reduce liquidity (C) have no effect on liquidity (D) improve financial position
Last Answer : Answer: have no effect on liquidity
Description : Debenture holders of a company are its - (1) Shareholders (2) Creditors (3) Debtors (4) Directors
Last Answer : (2) Creditors Explanation: Companies issue debentures instead of shares to extend their business. These debentures are issue to borrow loan from general public; interest is paid on the borrowed money ... holders. So a debenture holder is essentially a creditor who simply gives loan to the company.
Description : Which of the following is not a cash inflow? a) Decrease in debtors b) Issue of shares c) Decrease in creditors d) Sale of fixed assets
Last Answer : c) Decrease in creditors
Description : Which of the following is not a cash inflow? A. Decrease in debtors B. Issue of shares C. Decrease in creditors D. Sale of fixed assets
Last Answer : C. Decrease in creditors
Description : Which of the following is not a cash outflow? A. Increase in Prepaid expenses B. Increase in debtors C. Increase in stock D. Increase in creditors
Last Answer : D. Increase in creditors
Description : Debenture holders of a company are its (1) Shareholders (2) Creditors (3) Debtors (4) Directors
Last Answer : Creditors
Description : The profit of a company (whose capital is divided into 25‚000 shares of Rs. 10 each) for the last three years are : Rs. 50‚000; Rs. 60‚000 and Rs. 40‚000. The fair return on investment is taken at 10% p.a. The value of company’s share will be– (A) Rs. 10 (B) Rs. 20 (C) Rs. 30 (D) Rs. 40
Last Answer : Answer: Rs. 20
Description : 1 Balance in hand ₹ 125. Postage ₹ 28. Stationery ₹ 35. 2 Refreshment expenses ₹ 20.
Last Answer : Mr. Shrinath maintains a columnar petty cash book on the Imprest system. The Imprest amount is ₹ 850. The ... for Postage ₹ 7. Repair charges ₹ 75.
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 : 1. Sales return book was overcast by ₹ 1,200.
Last Answer : The trial balance of Sagar did not agree. It showed an excess credit of ₹ 7,550. Sagar ... to rectify the above errors and prepare Suspense Account.
Description : 1 Received cheque from Head Cashier ₹ 2,700.
Last Answer : Enter the following transaction in an analytical petty cash book under the imprest system for the month of ... 27 Purchase a wooden chair for ₹ 275.
Description : If aggregates completely pass through a sieve of size 75 mm and are retained on a sieve of size 60 mm, the particular aggregate will be flaky if its minimum dimension is less than (A) 20.5 mm (B) 30.5 mm (C) 40.5 mm (D) 50.5 mm
Last Answer : Answer: Option C
Description : How much does it cost for MTBF per 1,000 hours of reliability? a. $0.50 b. $0.40 c. $0.30 d. $0.20 e. $0.10
Last Answer : c. $0.30
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 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 : 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 : 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 : Calculate cost of sales from the following: Net Works cost: Rs. 2,00,000 Office & Administration Overheads: Rs. 1,00,000 Opening stock of WIP: Rs. 10,000 Closing Stock of WIP: Rs. 20,000 Closing stock of finished goods: Rs. ... Rs. 2,70,000 (b) Rs. 2,80,000 (c) Rs. 3,00,000 (d) Rs. 3,20,000
Last Answer : (b) Rs. 2,80,000
Description : Cash outflow on purchases is calculated by A. Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P B. Purchases + Opening Creditors - Closing Creditors + Closing B/P C. Purchases - Opening Creditors - Opening B/P + Closing Creditors + Closing B/P D. None of the above
Last Answer : A. Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P
Description : What are opening entries?
Last Answer : What are opening entries?
Description : Capital employed at the end of the year is Rs.4,20,000. Profit earned Rs.40.000. Average capital employed is A Rs.4,20,000 B Rs.4,00,000 C Rs.4,40,000 D Rs.4,60,000
Last Answer : Rs 400000
Description : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management
Last Answer : B. Using cash management models to optimise the level of cash held
Description : A family spends ₹500 monthly as a fixed amount on milk and extra milk costs ₹ 20 per kg. Taking quantity of extra milk as x and total expenditure on milk as y. Write a linear equation and fill the table. -Maths 9th
Last Answer : Solution :-
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 : Humans can hear in the range of --- to ----Hertz (Hz).? A. 10 Hz to 10,000 Hz. B. 20 Hz to 20,000 Hz? C. 30 Hz to 30,000 Hz. D. 40 Hz to 40,000 Hz.
Last Answer : B. 20 Hz to 20,000 Hz?
Description : In a one-stage space division switch, if N = 200, the number of crosspoints is ______. A) 10,000 B) 20,000 C) 40,000 D) 30,000
Last Answer : 40,000
Description : In a business, X,Y and Z inversed Rs.20,000/-,Rs.30,000/- and Rs.40,000/- respectively. After 1 year X adds Rs.10000/- to the initial investment.Y and Z withdrew Rs.10000/- and Rs.15,000/- respectively. After 2 years the total profit is Rs.9900/-. What is X’s share?. A) 3000 B) 2700 C) 3600 D) 4000
Last Answer : Answer: A) X's Share = Rs.20000/- per first 1 year, Next year 10000/- added = Rs.20000/- 1 + Rs.30000/- 1 = Rs.50000/- Y's Share = Rs.30000/- per first 1 year, Next year 10000/- reduced = Rs.30000 ... /- 1 part------> Rs300/- Then, X's share is 10 parts = Rs.300/- 10 parts = Rs.3000/-
Description : The paid-up capital of a company is Rs.50,000. If the company has shares of face of Rs.25 in which Rs.20 is paid-up, then how many shares does it have
Last Answer : The paid-up capital of a company is Rs.50,000. If the company has shares of face of Rs.25 ... have ? What is the authorized capital of the company?
Description : Calculate value of closing stock from the following: Opening stock of finished goods (500 units) : Rs. 2,000 Cost of production (10000 units) : Rs. 50,000Closing stock (1000 units):? (a) Rs. 4,000 (b) Rs. 4,500 (c) Rs. 5,000 (d) Rs. 6,000
Last Answer : (b) Rs. 4,500
Description : Alfa Company Limited acquired the business of M/s Bharat Traders. The valuation of the items acquired was-building Rs. 1,20,000; machinery Rs. 80,000 and stock-in-trade Rs. 30,000. The company issued in lieu of the above items 800, ... ) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000
Last Answer : Answer: Rs. 30,000
Description : If the average daily demand of a city of 50,000 population, is 20 m.l.d., the maximum daily demand is (A) 24 mld (B) 30 mld (C) 36 mld (D) 54 mld
Last Answer : (C) 36 mld
Description : The ratio of the incomes of A and B last year was 9 : 13. Ratio of their incomes of last year to this year is 9 : 10 and 13 : 15 respectively. The sum of their present incomes is Rs 50,000. What is the present income of B? A) Rs 32,000 B) Rs 24,000 C) Rs 20,000 D) Rs 30,000 E) None of these
Last Answer : Answer: D ratio of the incomes of A and B last year was 9x : 13y Now given that ratio of the incomes of A and B last year was 9 : 13. So 9x/13y = 9/13 This gives x = y Total of incomes of A ... = 50,000 This gives x = 2,000 So present income of B = 15y = 15x = 15*2000 = 30,000
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 : Mark the correct option a) The Inspector should maintain a register of lines and stages in respect of his sub division in form M-40 b) Entries should be made in the register in alphabetical ... in accordance with correction memos issued by the Superinendent from time to time. d) All the above
Last Answer : d) All the above
Description : Suppose d = {“john”:40, “peter”:45}. To obtain the number of entries in dictionary which command do we use? a) d.size() b) len(d) c) size(d) d) d.len()
Last Answer : b) len(d)