Naresh invested a certain amount of money in Rs. 100 shares at a discount of Rs. 20 paying a dividend of 7%, while Sahil invested an equal amount in R

Naresh invested a certain amount of money in Rs. 100 shares at a discount of Rs. 20 paying a dividend of 7%, while Sahil invested an equal amount in R
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Naresh invested a certain amount of money in Rs. 100 shares at a discount of Rs. 20 paying a dividend ... 10 paying a dividend of 8%. Who earns more ?
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If an investment of Rs. 42,000 in Rs. 300 shares of a company, paying a dividend of 7%, results in an annual income of Rs. 2100, then find the market

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A person invested Rs. 18,000 in buying Rs. 150 shares of a company which are available at a premium of Rs. 50. If the company pays a 9% dividend, then

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Rs,33,000 is to be divided into two parts, such that the income from one part invested in Rs.200 shares at Rs.250 for `10%` dividend is the same as th

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Determine the amount that is to be invested in Rs.200 shares available at a premium of Rs.40, so that the annual income earned is Rs.4800 from the inv

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X Limited forfeited Ram’s 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up for Rs. 6 per share. What amount should be transferred to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

Description : X Limited forfeited Ram's 20 shares of Rs. 10 each on which Rs. 7 is called up. Ram had paid application and allotment money of Rs. 5 per share. Of these forfeited shares 15 shares were reissued to Hari as fully paid up ... to Capital Reserve account ? (A) Rs. 15 (B) Rs. 20 (C) Rs. 75 (D) Rs. 100

Last Answer : Answer: Rs. 15

XYZ Ltd. issued 10,000 shares of Rs. 100 each at Rs. 120 per share with Rs. 25 on application, Rs. 45 on allotment including premium, Rs. 20 on first call and Rs. 30 on final call. Govind who held 200 shares did not pay any call money and his shares were forfeited. What is the amount to be credited to Share Forfeiture Account on forfeiture ? (A) Rs. 14,000 (B) Rs. 10,000 (C) Rs. 9,000 (D) Rs. 4,000

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Last Answer : Answer: Rs. 10,000

Rs. 60,000 is invested in buying Rs. 120 shares of a company which are available at a premium of 25%. Find the number of shares bought and the annual

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Randeep invests Rs. 25,200 in buying shares of face value of Rs. 40 each at 5% premium. The dividend on these shares is 10% per annum. Find the divide

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An investment in buying 400 shares of a company at a premium of Rs.2.50 earns an income of `9.6%` per annum. If the rate of dividend paid by the compa

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Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully paid. Average expected profit is Rs.8,500. Transfer to reserves is 10%. Pref. dividend is payable. NRR is 9%. The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20s

Description : Gross assets are Rs.1,01,000, fictitious assets Rs.350 are included in the gross assets. External liabilities are Rs.7,500. 6% prefer share capital is Rs.45,000. Equity capital is 4,500 equity shares of Rs.10 each fully ... . The Net Asset Value Per share is A Rs.11 B Rs.10.70 C Rs.15 D Rs.20

Last Answer : Rs.10.70

In a business P and R invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by P and Q was 3 : 2 . If Rs. 2,236 was their profit, how much amount did Q receive ? A.Rs.650 B.Rs.688 c.Rs.588 D.Rs.490

Description : In a business P and R invested amounts in the ratio 2 : 1, whereas the ratio between amounts invested by P and Q was 3 : 2 . If Rs. 2,236 was their profit, how much amount did Q  receive ? A.Rs.650 B.Rs.688 c.Rs.588 D.Rs.490

Last Answer : Answer- B(Rs.688 ) Solution : P : Q = 3 : 2 , P : R = 2 : 1 [given] Q : P = 2 : 3 [reverse], Q : P = 4 : 6 [multiply by 2] Now, P : R = 2 : 1 P : R = 6 : 3 [multiply by 3] P : Q =6 : 4 [after x3] , So Q : P : R = 4 : 6 : 3 or, P : Q : R = 6 : 4 : 3 Q’s share= 4/13 x 2236=Rs.688

P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them with Rs. 35,000. At the end of these 3 years, they earned a profit of Rs. 150,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Description : P started a business in 1990 by investing Rs.25,000. She invested Rs. 10,000 as additional amount in 1991 and her friend Q joined her with an amount of Rs.35,000. P invested another Rs. 10,000 in 1992 and R joined them ... ,000. Find Q's share? a) Rs.50,000 b) Rs.65,000 c) Rs.75,000 d) Rs.15,000

Last Answer : Answer: A) P invested Rs.25,000 for 12 months, Rs.(25000 + 10000) for 12 months, , Rs.(25000 + 10000 + 10000) for 12 months. i.e., P invested Rs.25,000 for 12 months, Rs.35000 for 12 months Rs.45000 for 12 months. Q ... Q's share = Rs.(1,50,000 x 2 /(3+2+1)) = Rs.(1,50,000 x 2/6) = Rs.50,000

The annual income derived from each Rs.200 share at a premium of Rs.30, paying `10%` dividend is Rs. ________.

Description : The annual income derived from each Rs.200 share at a premium of Rs.30, paying `10%` dividend is Rs. ________.

Last Answer : The annual income derived from each Rs.200 share at a premium of Rs.30, paying `10%` dividend is Rs. ________.

Minimum amount that can be invested in Kisan Vikas Patra(KVP) Certificate is _________ A. Rs.100 B. Rs.200 C. Rs.500 D. Rs.1000

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Last Answer : D. Rs.1000 Explanation: KVP certificates are available in the denominations of Rs 1000, Rs 5000, Rs 10000 and Rs 50000. The minimum amount that can be invested is Rs 1000. However, there is no upper limit on the purchase of KVPs.

R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000

Description : R. G. Ltd. purchased machinery from K.G. Company for a book value of Rs. 4,00,000. The consideration was paid by issue of 10%. Debenture of Rs. 100 each at a discount of 20%. The debenture account will be credited by– (A) Rs. 4,00,000 (B) Rs. 5,00,000 (C) Rs. 3,20,000 (D) Rs. 4,80,000

Last Answer : Answer: Rs. 4,00,000

M and N invested in a work which M invest Rs 3015 more than N. N invested for 7 months while M invested for 5 months. If M gets Rs 425 more than N, out of a total profit of Rs 3400. Then the amount invested in the business by M approximately is, A) 6784 B) 6258 C) 7524 D) 7275

Description : M and N invested in a work which M invest Rs 3015 more than N. N invested for 7 months while M invested for 5 months. If M gets Rs 425 more than N, out of a total profit of Rs 3400. Then the amount invested in the business by M approximately is, A) 6784 B) 6258 C) 7524 D) 7275

Last Answer : Answer: A)  Let investment of N be x  Profit of N be y  Investment of M is x+3015  Profit ratio of M&N is,  M:N =[x+3015]*5:x*7-------->(1)  Profit of M =425 +profit of N  Total profit =3400 =425 ... ---->(2)  153/119=(x+3015)*5/x*7  X=Rs.3769  M's investment =x+3015  =3769+3015  =Rs6784

M and N invested in a business in which M invests Rs.385 more than N. N invested for 9months while M invested for 5months. If M get Rs.65 more than N out of profit of Rs.1350. Then then total amount invested in the business approximately is, A) 1452 B) 7413 C) 6298 D) 5778

Description : M and N invested in a business in which M invests Rs.385 more than N. N invested for 9months while M invested for 5months. If M get Rs.65 more than N out of profit of Rs.1350. Then then total amount invested in the business approximately is, A) 1452 B) 7413 C) 6298 D) 5778

Last Answer : Answer: B)  Let investment of M is X + 385  Let investment of N is X  Profit earned of M&N is,  M/N=(X+385)*5 /x *9-------> (1)  Profit of M =65 +profit of N  Total profit = 1350=65 + ... =(x + 385) *5/(x*9)  X =392.01  Total investment =(392+385)*5+(392*9)  =Rs.7413

On 1st April, 2013, Y Ltd. Issued 1000, 12% debentures of Rs. 100 each at a discount of 6%. These debentures are redeemable in five equal annual instalments at the end of each year. What is the amount of discount to be written off in the first year i.e. on 31st March, 2007, through P & L A/c ? (A) Rs. 2000 (B) Rs. 1800 (C) Rs. 1200 (D) Rs. 600

Description : On 1st April, 2013, Y Ltd. Issued 1000, 12% debentures of Rs. 100 each at a discount of 6%. These debentures are redeemable in five equal annual instalments at the end of each year. What is the amount of discount to be written off ... & L A/c ? (A) Rs. 2000 (B) Rs. 1800 (C) Rs. 1200 (D) Rs. 600

Last Answer : Answer: Rs. 1200

Jaya and sona invested amount of Rs 10000 and Rs 5000 respectively in their business. What percentage of the share of the profit that should be given to Jaya such that ratio of income is equal for both at the end of year? A) 5 B) 7 C) 4 D) 6

Description : Jaya and sona invested amount of Rs 10000 and Rs 5000 respectively in their business. What percentage of the share of the profit that should be given to Jaya such that ratio of income is equal for both at the end of year? A) 5 B) 7 C) 4 D) 6

Last Answer : Answer: C)  Ratio of invest of jaya & sona =10000:5000 =2:1  Income of both at end of year is equal, then  Income is divided into 50 parts. Income be 100%, then 1st part =25 ,2 nd part=25, Percentage=100/25=4%

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

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

The market value of `x`, Rs. 50 shares, at a discount of Rs. 10 is Rs. 4000, then `x=` _________.

Description : The market value of `x`, Rs. 50 shares, at a discount of Rs. 10 is Rs. 4000, then `x=` _________.

Last Answer : The market value of `x`, Rs. 50 shares, at a discount of Rs. 10 is Rs. 4000, then `x=` _________. A. 10 B. 100 C. 50 D. 75

A company is selling shares at Rs.96 each has a par value of Rs.120. The discount percentage is _______.

Description : A company is selling shares at Rs.96 each has a par value of Rs.120. The discount percentage is _______.

Last Answer : A company is selling shares at Rs.96 each has a par value of Rs.120. The discount percentage is _______.

A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Description : A sum was invested for 4 yr at a certain rate of simple interest. If it had been invested at 2% more annual rate of interest, then Rs. 64 more would have been obtained. What is the sum? (a) Rs.600 (b) Rs.700 (c) Rs.800 (d) Rs.900

Last Answer : (c) Rs.800

A certain sum of money is distributed among A, B and C in the ratio of ` 1/2 : 1/3 : 1/4` and B gets Rs. 120. Find the shares of A and C.

Description : A certain sum of money is distributed among A, B and C in the ratio of ` 1/2 : 1/3 : 1/4` and B gets Rs. 120. Find the shares of A and C.

Last Answer : A certain sum of money is distributed among A, B and C in the ratio of ` 1/2 : 1/3 : 1/4` and B gets Rs. 120. Find the shares of A and C.

X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares, 8 shares were reissued to Ram as fully paid up on payment of Rs. 5•50 per share, the amount that will remain standing to the credit of Share Forfeited A/c will be– (A) Rs. 48 (B) Rs. 72 (C) Rs. 84 (D) Rs. 120

Description : X Ltd. forfeited 20 shares of Rs. 10 each on which Rs. 6 per share were paid. If out of these shares, 8 shares were reissued to Ram as fully paid up on payment of Rs. 5 50 per share, the amount that will remain standing ... Share Forfeited A/c will be- (A) Rs. 48 (B) Rs. 72 (C) Rs. 84 (D) Rs. 120

Last Answer : Answer: Rs. 120

If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during this time. b. pay within the discount period and recognize a savings. c. pay within the credit period but don't take the trouble to invest the cash while waiting to pay the bill. d. recognize that the supplier is desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Description : If a company is given credit terms of 2/10, n/30, it should a. hold off paying the bill until the end of the credit period, while investing the money at 10% annual interest during ... desperate for cash and withhold payment until the end of the credit period while negotiating a lower sales price.

Last Answer : b. pay within the discount period and recognize a savings.

Three friends started a Company, let there names are P, Qand R. What profit Q will get, if, 1. R invested Rs. 4000 for nine months, his profit was 3/2 times that of Q's and his investment was four times that of P. 2. P and Q invested for one year in the proportion 1 : 2 respectively. 3. The three together got Rs. 500 as profit at the year end. A) Only 1 and 3 B) Only 1 and 2 C) All 1, 2 and 3 D) None of above

Description : Three friends started a Company, let there names are P, Qand R. What profit Q will get, if, 1. R invested Rs. 4000 for nine months, his profit was 3/2 times that of Q's and his investment was four times that of P. 2. ... year end. A) Only 1 and 3 B) Only 1 and 2 C) All 1, 2 and 3 D) None of above

Last Answer : Answer: C) 1 and 2 will give : R = Rs. (4000 x 9) for 1 year = Rs. 36000 for 1 year. P = Rs. (1/4 * 4000 * 12 ) for 1 year = Rs 12000 for 1 year Q = Rs 24000 for one year R:P:Q = ... Profit = 500 Now from the ratio and total profit we can get Share of R. R share will be = 500 * 2/6 = 166.66

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, 10% debentures of Rs. 100 each at par and 15,000 equity shares of Rs. 10 each. How much was the flow of funds in the above transaction ? (A) Rs. 2,30,000 (B) Rs. 1,00,000 (C) Rs. 50,000 (D) Rs. 30,000

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

An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by the investor? A. Rs. 5, 94,550 B. Rs. 5, 80,425 C. Rs. 5, 77,800 D. Rs. 5, 77,500 E. None of these

Description : An investor invested Rs. 5 lakhs in Company Q in 1996. After one year, the entire amount along with the interest was transferred as investment to Company P in 1997 for one year. What amount will be received from Company P, by ... . 5, 80,425 C. Rs. 5, 77,800 D. Rs. 5, 77,500 E. None of these

Last Answer : B. Rs. 5, 80,425

An investor invested a sum of Rs. 12 lakhs in Company P in 1998. The total amount received after one year was re-invested in the same Company for one more year. The total appreciation received by the investor on his investment was? A. Rs. 2, 96,200 B. Rs. 2, 42,200 C. Rs. 2, 25,600 D. Rs. 2, 16,000 E. None of these

Description : An investor invested a sum of Rs. 12 lakhs in Company P in 1998. The total amount received after one year was re-invested in the same Company for one more year. The total appreciation received by the investor on his investment ... 2, 42,200 C. Rs. 2, 25,600 D. Rs. 2, 16,000 E. None of these

Last Answer : C. Rs. 2, 25,600

In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P? A. Rs.9 lakh B. Rs.11 lakh C.Rs. 12 lakh D.Rs.18 lakh E. None of these

Description : In 2000, a part of Rs. 30 lakhs was invested in Company P and the rest was invested in Company Q for one year. The total interest received was Rs. 2.43 lakhs. What was the amount invested in Company P? A. Rs.9 lakh B. Rs.11 lakh C.Rs. 12 lakh D.Rs.18 lakh E. None of these

Last Answer : D.Rs.18 lakh

In a company M and O invested amount in the ratio 3 : 2 whereas the ratio between amounts invested by M and N was 4 : 3. If Rs.1,80,000 was their profit, how much did N receive?(calculate approximate value) A) 75432 B) 74483 C) 76854 D) 76443

Description : In a company M and O invested amount in the ratio 3 : 2 whereas the ratio between amounts invested by M and N was 4 : 3. If Rs.1,80,000 was their profit, how much did N receive?(calculate approximate value) A) 75432 B) 74483 C) 76854 D) 76443

Last Answer : Answer: B) M : O = 3:2 O: M= 2:3 = 8:12 M:N = 4 :3 =12:9 O:M:N = 8:12:9 Therefore N’s share = Rs (1,80,000 * 12/29) =Rs(2160000/29) = Rs.74483(approx.)

In a work A and B invested amounts in the ratio 7:9, whereas the ratio between amounts invested by A and C was 5:11. If Rs. 12750 was their profit, how much amount did B gained? a) 2546 b) 2475 c) 2842 d) 2656

Description : In a work A and B invested amounts in the ratio 7:9, whereas the ratio between amounts invested by A and C was 5:11. If Rs. 12750 was their profit, how much amount did B gained? a) 2546 b) 2475 c) 2842 d) 2656

Last Answer : Answer: C)  A &B ratio =7:9 B & A post ratio = 9:7 A & C post ratio=5:11 A:B:C = 45:35:77 Amount received by B =35/157*12750=Rs.2842

Mahesh and Devi invested Rs.20979 and Rs. 22977 respectively in a business. Devi being an active partner will get Rs.750 every month extra for running the business. In 18 months if Devi received a total amount of Rs.18250, then what is total profit earned by both in one and half years is, A) 26888. B) 22500. C) 22587 D) 25874

Description : Mahesh and Devi invested Rs.20979 and Rs. 22977 respectively in a business. Devi being an active partner will get Rs.750 every month extra for running the business. In 18 months if Devi received a total amount ... profit earned by both in one and half years is, A) 26888. B) 22500. C) 22587 D) 25874

Last Answer : Answer: C) Profit ratio of Mahesh: Devi =20979 :22977=:21:23 Devi is an active partner will get Rs,750/month For 18 months ,she receives Rs.13500 Balance amount of Devi =18250 -13500 =Rs 4750 ... =4750/23 *21 =Rs.4337 Total profit earned by both in one &half years =18250+4337 =Rs 22587

Three partners A, B, C invest a total sum of Rs,114000. At the end of the year A gets Rs 6000 and B gets 5000 and C gets Rs 8000 as profit. Find the average amount invested by A and C. A) 46677 B) 42000. C) 53000. D) None

Description : Three partners A, B, C invest a total sum of Rs,114000. At the end of the year A gets Rs 6000 and B gets 5000 and C gets Rs 8000 as profit. Find the average amount invested by A and C. A) 46677 B) 42000. C) 53000. D) None

Last Answer : Answer: B)  Profits of A,B &C is 6000,5000, 8000 rupees  Ratio of their profits is, A:B:C =6:5:8 Investment of A,B,C be 6x,5x,8x 6x+5x+8x=114000 =>x=6000 Average amount invested by A &C is 6000/2 *14 =Rs.42000

The amount deposited in Securities Premium Account can be used for– (A) Distributing profits (B) Issue of Bonus Shares (C) Paying the amount to director (D) None of the above

Description : The amount deposited in Securities Premium Account can be used for– (A) Distributing profits (B) Issue of Bonus Shares (C) Paying the amount to director (D) None of the above

Last Answer : Answer: Issue of Bonus Shares