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Q521

The statutory meeting of a company is convened

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Q522

Wages paid for erection of new plant (machinery) should be debited to:

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Q523

If the purchase consideration is calculated by adding the various payments to be made, the method is called

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Q524

The estimated life of a machine costing Rs. 9,00,000 is 9 years. The firm follows the 'Sum of Year Digit' Method of depreciation. The amount of depreciation provision on the machine in the sixth year of its life will be:

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Q525

Consider the following statements-
Statement (A): Ratio analysis is an important tool to gain knowledge about the financial soundness of a company.
Reason (R): Ratio analysis is the only for an indicator to decide whether to invest or not in a company.
Give the correct answer:

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Q526

Which of the following is the use of funds:

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Q527

Which of the following is a personal account:

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Q528

Which of the following loan commitments are within the scope of IFRS-9?

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Q529

Which of the following receipts is of revenue nature?

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Q530

Profit prior to incorporation can be used:

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Q531

Which of the following reports have to be submitted before the company's annual general meeting as per the Companies Act?

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Q532

Match the following.

List-I	List-II
a. Absorption	1. Profit on reissue of shares is to be transferred to . . . . . . . .
b. Accumulated losses and fictitious assets	2. When there are one or more liquidation and no formation, it is known as . . . . . . . .
c. Consolidated revenue profits	3. Internal reconstruction is generally resorted to write off . . . . . . . .
d. Capital reserve	4. The group share of proposed dividends by the subsidiary is added to . . . . . . . .

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Q533

Under which section of the Companies Act provision has been made for the use of share premium?

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Q534

Profit on revaluation of assets in case of retirement of a partner shall be distributed to capital accounts of:

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Q535

The amount of depreciation provided in the Sinking Fund Method when compared to Annuity Method is:

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Q536

When fixed cost is Rs. 10,000 and the profit volume ratio is 20% then break even point will be

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Q537

A and B are equal partners. When partnership was dissolved their capitals are Rs. 30,000 and Rs. 40,000 respectively. After all assets are sold and liabilities paid, there is cash balance of Rs. 60,000. The amount of profit or loss on realisation is:

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Q538

Pre-acquisition profit in a subsidiary company is considered as

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Q539

A journal entry, in which two or more accounts are debited/credited, is known as

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Q540

The stock of stationary on 1^st January 2002 is Rs. 300, payment for stationary during the year is 2002 Rs. 1,080 and stock of stationary on 31^st December 2002 is Rs. 50. What will be the amount shown in income and expenditure account for the year ending 31^st December, 2002?

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