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Accounting
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Q2221

Money received in advance from shareholders before it is called-up by the directors is:

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Q2222

In the case of hire purchase assets account is debited with

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Q2223

A plant was purchased on 1^st January 1999. It was depreciated at the rate of 12% P.A. by diminishing balance method. It was sold on 31^st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1^st January 1999.

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Q2224

The objective of social accountings is to find out

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Q2225

A and B are partners sharing profits/losses in the ratio of 3 : 2. C is admitted as a partner. The new profit sharing ratio among A, B and C is 4 : 3 : 2. Find out sacrificing ratio-

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Q2226

The dividend pay out ratio can be determined by dividing dividend per share by

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Q2227

What is the amount of purchases, when:
Opening stock is = Rs. 10,000
Closing stock is = Rs. 8,000
Sales is = Rs. 1,10,000
Cost of goods sold is = Rs. 80,000

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Q2228

Classification of fixed and variable costs is important

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Q2229

The convertible preference shares are converted into:

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Q2230

If the average collection period is 15 days and average book receivables is Rs. 60,000 then what will be the total annual credit sales?

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Q2231

Given:
Debentures = Rs. 5,00,000
Equity share capital = Rs. 25,00,000
Cash = Rs. 1,00,000
Debtor = Rs. 2,00,000
Debt Equity Ratio will be

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Q2232

Marginal safety is associated with:

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Q2233

Accounting Standards Board of India was established in the year

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Q2234

Which is not included in current liability-

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Q2235

Given:
Cash in hand: Rs. 10,000
Debtor: Rs. 20,000
Bills receivable: Rs. 5,000
Plant : Rs. 5,000
Creditor: Rs. 15,000
Net Working Capital will be

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Q2236

Average profit of a firm is Rs. 10,000. Firm's capital is Rs. 70,000 and normal return of this business is expected at 10%. By capitalisation method, Goodwill be

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Q2237

As per the SEBI regulation, a minimum of . . . . . . . .% of the issued capital must be subscribed in order to validate a public share issue, failing of which, the issue may be cancelled and may be reissed on a future date.

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Q2238

Prepaid rent is associated with:

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Q2239

What is the excess of net assets over consideration paid called?

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Q2240

Sales of a firm are Rs. 40 lacs; variable costs Rs. 10 lacs; fixed costs Rs. 15 lacs; interest Rs. 5 lacs. Combined leverage of the firm will be

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