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Q2061

The fair value of share is the average of:

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Q2062

Which of the following rules is not correct with regard to issue and forfeiture of shares?

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Q2063

In case of a news agent, which of the following is a revenue receipt?

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Q2064

When sales volume is Rs. 10,000, variable cost is Rs. 6,000 and profit is Rs. 2,000, the profit-volume ratio will be

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Q2065

Which of the following statement is correct?

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Q2066

Outstanding wages is

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Q2067

When the partnership firm is dissolved, the following account is opened in the books of firm

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Q2068

Match the following

List-I	List-II
a. IFRS-3	1. Operating segments
b. IFRS-8	2. Leases
c. IFRS-9	3. Business combinations
d. IFRS-16	4. Financial Instruments

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Q2069

X and Y are two equal partners in a firm. On 1^st January, 2004 they admitted Z on the condition that he will bring Rs. 10,000 as capital and Rs. 5000 as goodwill. In future they will share profits in the ratio of 2 : 1 : 2. The proportion of goodwill distribution between X and Y will be:

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Q2070

A and B partners sharing profits in the ratio of 7 : 3. C is admitted for

\frac{3}{7}

share in the profit. The new profit-sharing ratio of the partners will be:

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Q2071

With reference to the theory of contribution, which of the following statement is/are correct?
1. Contribution is the excess of sales over variable costs
2. Contribution is the excess of sales over total costs
Select the correct answer:

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Q2072

Which of the following statements is correct in regards to life-cycle costing?
1. It analyses the process of evaluating product profitability.
2. It helps planners to control costs more effectively.

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Q2073

Arrange the following in chronological order about assets as per liquidity order.
1. Debtors
2. Building
3. Cash
4. Stock

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Q2074

Which of the following accounting equation is not correct?

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Q2075

Which of the following accounts is Nominal A/c?

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Q2076

By which section of companies act, the final accounts of a company are governed?

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Q2077

When the current ratio is 2 : 5 and the amount of current liabilities is Rs. 25,000, the amount of current assets would be:

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Q2078

If original cost of a machine is Rs. 1,26,000 and its scrap value is Rs. 6000. what will be the amount of depreciation for II yr by using WDV method

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Q2079

X and Y sharing profits in the ratio of 7 : 3, admit Z for

\frac{3}{7}^{th}

share in the new firm in which he takes

\frac{2}{7}^{th}

from X and

\frac{1}{7}^{th}

form Y. The new ratio of X, Y and Z will be

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Q2080

The loss prior to incorporation cannot be treated

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