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Q2161

50,000 equity shares of Rs. 10 each, issued at Rs. 20, for the purpose of redemption of preference share capital amounting Rs. 7,50,000. How much amount will be transferred to capital redemption reserve?

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Q2162

A and B are partners sharing profits and losses in proportion 2 : 1. They admits new partner C hom they give

\frac{1}{5}^{th}

share in profits. The new profit sharing ratio will be:

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Q2163

If current ratio is 2.5, acid test ratio is 1.5 and net working capital is Rs. 45,000, the amount of current liabilities will be:

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Q2164

Dissolution of a firm takes place-

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Q2165

Over capitalisation may be remedied by:

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Q2166

Statement I Capital expenditure benefits the current accounting period.
Statement II Capital expenditure will also benefit the next accounting period.

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Q2167

After redemption of debentures, the balance of Debenture Redemption Reserve Account is transferred to

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Q2168

A dominant partner is one:

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Q2169

The lower stock is the periodic indicator-

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Q2170

An 'insolvent' is a person who is

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Q2171

Interest on calls in arrears according to Table 'A' is charged at

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Q2172

Given,

Cash	Rs. 10,000
Creditors	Rs. 12,000
Debitors	Rs. 20,000
Bills payable	Rs. 8,000
Stock	Rs. 30,000
Bank loan	Rs. 10,000

If bank loan is increased by Rs. 20,000. the current ratio will decrease by

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Q2173

Match the following

List-I	List-II
a. . . . . . . . . . concept is related to recognition of income.	1. Rent
b. Trading account and profit and loss account are . . . . . . . . statements.	2. Realisation
c. . . . . . . . . is a tangible fixed assets.	3. Periodic
d. Outstanding rent will be debited to . . . . . . . . account.	4. Land

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Q2174

At the time of dissolution of firm, balance of cash is shown in

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Q2175

Which of the following is not a source of finance for a company?

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Q2176

If a company buys its own debenture of Rs. 1000 from the market for Rs. 975, the difference of Rs. 25 will be considered as

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Q2177

X, the Works manager, gets 5% commission of net profits after charging his commission and Y's commission. Y, the General Manager, gets 10% commission on net profits after charging his commission and X's commission. If the profit before charging commission of X and Y is Rs. 1,000, the commission of X will be:

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Q2178

Pre-fix of "CS" of members of the institute has been granted by ICSI on:

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Q2179

Which accounting standard is used for depreciation accounting?

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Q2180

Double entry system keeps record of

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