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Q2241

If sales is Rs. 8,00,000, cost of sales is Rs. 4,80,000 and indirect expenses is Rs. 1,20,000, then the net profit ratio will be:

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Q2242

For the purpose of final accounts, stock is normally valued according to:

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Q2243

X, Y and Z are equal partners with fixed capitals of Rs. 5,00,000, Rs. 3,00,000 and Rs. 1,00,000, respectively. After closing the accounts for the year ending 31^st March 2019, it was discovered that the interest on capitals was provided @ 6% per annum instead of 5% per annum. In the adjusting entry

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Q2244

Total Assets Turnover = 4
Net profit = 10%
Total assets = Rs. 50,000
The amount of Net profit would be:

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Q2245

When Partnership Act was passed?

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Q2246

Given,
Current ratio = Rs. 2.5
Quick ratio = Rs. 2.5
Net working capital = Rs. 30,000
The amount of current liabilities will be

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Q2247

The expense incurred for increasing the productive capacity of business is called as

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Q2248

Ashoka Ltd.purchased a machine from Tata & Sons for Rs. 1,50,000. This is

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Q2249

Permanent working capital is generally financed through

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Q2250

Arrange the following items in the order of their appearance in the preparation of financial statements.
1. Net profit
2. Gross profit
3. Cash at bank

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Q2251

"Du Pont Chart" used in financial analysis relates to analysis of:

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Q2252

Match the items of list-I with those of list-II and check your answer:

List-I	List-II
a. Accrued Interest	1. Real Account
b. Special donation received for hockey tournament	2. Income and expenditure
c. Football club	3. Balance sheet
d. Patent Rights	4. Personal Account

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Q2253

Which of the following error will not affect trial balance?

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Q2254

Which of the following activities should be shown separately in the cash flow statement prepared as per Accounting Standard-3?
1. Cash flow from borrowing activities
2. Cash flow from operating activities
3. Cash flow from financing activities
4. Cash flow from investing activities
5. Cash flow from miscellaneous activitie

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Q2255

Liquid Assets are equal to:

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Q2256

Cost volume profit analysis does not present a statement of the impact of net profit on-

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Q2257

A is regularly drawing Rs. 500 on 16^th of every month. if he is to pay interest on Rs. 6000 at a given rate, then the interest for the total period will be

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Q2258

After recognition, an entity applies

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Q2259

When a partner is given guarantee lay the other partner, loss on such guarantee will be borne by . . . . . . . .

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Q2260

A and B are partners sharing profits in the ratio of 3 : 2. Their books showed goodwill at Rs. 3,000. C is admitted with

\frac{1}{4}^{th}

share of profits and brings Rs. 10,000 as his capital. But, he is not able to bring in cash for his share of the goodwill of Rs. 3,000. How will you treat this?

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