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Accounting
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Q441

Profit prior to incorporation of a company:

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Q442

A and B are partner in partnership firm. They admitted C for

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

share in profit. New profit sharing ratio between A, B and C is

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Q443

Discount on issue of debenture should be shown in

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Q444

Which of the following is not the responsibility centre for control purposes?

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Q445

Advance payment of Income tax should be shown as

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Q446

For what, a company may utilise the securities premium amount?

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Q447

With the help of following information calculate provisions for bad and doubtful debts
Debtors M: Rs. 3,200 Bad to be written off
Debtors N: Rs. 8,000 expeected to realise only 70%
Debtors O: Rs. 6,000 expected to realise only 60%
Debtors P: Rs. 4,000 financial condition very poor, no recovery is likely

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Q448

Which of the following accounting principles differentiates between owner and management

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Q449

Arrange the following liabilities in the order of company's balance sheet.
1. Bank Overdraft
2. Bank Loan
3. Share Capital
4. Provision for Taxation

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Q450

X and Y are partners in a firm having capital balances Rs. 1,08,000 and Rs. 72,000, respectively. They admit Z into a partnership for

\frac{1}{3}^{rd}

share, and Z brings proportion ate amount of capital. The capital amount of Z is

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Q451

Profit on the sale of furniture in a non profit organisation is to be shown on the:

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Q452

Pooling of interest is a method of

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Q453

Match List-I with List-II and select the correct answer:

List-I	List-II
a. Separate Entity concept	1. Past events
b. Dual Aspect concept	2. Accounting Equations
c. Money Measure concept	3. Business is distinct from its owner
d. Historical concept	4. Translation of events/transaction in money terms

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Q454

Which one of the following statements is not true?

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Q455

The statement of changes in financial position shows

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Q456

Which of the following statements is not correct?

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Q457

Depreciation takes into account

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Q458

A company shifted its factory after construction of a new building. During this process, Rs. 20,000 was spent on demolishing the old structure and Rs. 2,000 in moving the old stock. How will these expenses be classified?

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Q459

Match the following

List-I	List-II
a. The document from which the returns to suppliers are recorded is known as . . . . . . . .	1. Assets
b. Wages paid on erection of a new machinery should be debited to . . . . . . . .	2. Debit note
c. Prepaid expense is an item of . . . . . . . .	3. Credit note
d. The receiver of goods returned will send a . . . . . . . . to the person, who return the goods.	4. Machinery account

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Q460

To measure the profitability of a business, among the following which ratio will be used?
i. Acid test ratio
ii. Return on capital employed
iii. Net profit ratio
iv. Interest protection ratio
v. Stock periodic ratio
6. Debt equity ratio

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