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Q721

The strongest letter of credit is

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Q722

Profit earned before acquisition of share is treated as

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Q723

Arrange the following steps of preparation of consolidated balance sheet correctly.
1. Calculation of pre-acquisition profits
2. Calculation of minority interest
3. Calculation of post-acquisition profits
4. Calculation of cost of capital

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Q724

Match the following:

List-I	List-II
a. Interest on partner's capital is chargeable to the extent of available . . . . . . . .	1. competing
b. The amount due to the retiring partner can be made by . . . . . . . . payment method.	2. mutual
c. A partner must not carry on a . . . . . . . . business.	3. profit
d. Partners are . . . . . . . . for each other.	4. lumpsum

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Q725

In the case of retirement of a partner, the total amount of goodwill is credited to the account of:

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Q726

An asset is purchased for Rs. 50,000 on which depreciation is charged according to straight line method. The useful life of asset is 10 years and its residual value is Rs. 10,000. The rate of depreciation will be

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Q727

Income and Expenditure accounts shows-

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Q728

Match the items of the following two lists

List-I	List-II
a. Zero-base budgeting	1. Internal reconstruction
b. Goodwill or capital reserve	2. Earnings per share
c. Reduction of capital	3. Control of expenditure
d. Basic and diluted	4. Business combination

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Q729

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

List-I	List-II
a. Cost of pulling down an old structure preparatory to construct a new one	1. Capital loss
b. Purchase of a new spark plug for an old car	2. Revenue loss
c. Expenditure incurred on Research and Development	3. Capital expenditure
d. Theft by cashier during business hours	4. Revenue expenditure
e. Motor car burnt during a riot	5. Deferred revenue expenditure

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Q730

Shares are of following types

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Q731

Intrinsic value of share can be determined by

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Q732

In asset turnover ratio we see-

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Q733

Fixed Assets	Rs. 14,40,000
Net Worth	Rs. 15,00,000
Debt (Long-term)	Rs. 9,00,000
Other current assets	Rs. 7,60,000
Currents liabilities	Rs. 6,00,000

The currnet ratio is

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Q734

X and Y are partners in a firm sharing profits in the ratios of 2 : 1. Z is admitted with a

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

profit sharing. What will be the new profit sharing ratio of X, Y and Z?

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Q735

Which of the following statements is/are correct?

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Q736

The items which increases the owner's capital as a result of business transactions are called-

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Q737

According to conservation concept, stock will be valued at

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Q738

Liquidator's statement of receipts and payment is known as

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Q739

If,

Sundry Debtors	Rs. 15,000
Bill Receivable	Rs. 12,500
Cash at Bank	Rs. 17,500
Stock	Rs. 15,000
Profit	Rs. 20,000
Creditors	Rs. 25,000
Bill payable	Rs. 15,000
Sales	Rs. 1,00,000

The Acid Test Ratio is

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Q740

If A = purchases, B = Opening stock, C = Closing stock, D = cost of goods sold, then which of the following equation is not correct?

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