The dividend per share in a company is Rs. 2, earning per share is Rs. 5 and the market value of shares is Rs. 25. What will be the yield?
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X Ltd allotted 25,000 equity shares to the applicants of 36,000 shares for Rs. 10 each on pro-rata basis. A applied for 1800 equity shares. Shares allotted to him are . . . . . . . . and he had paid an application money of Rs. 5 per share . . . . . . . . is the excess amount received that can be utilised towards allotment money.
A. 1,500 shares, Rs. 1,500
B. 1,250 shares, Rs. 2,750
C. 1,350 shares, Rs. 2,250
D. 1,050 shares, Rs. 3,750
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Payment to creditors results in-
A. Increase in total assets
B. Decrease in total assets
C. Increase in total liabilities
D. Decrease in total liabilities and total assets
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Which of the following is correct if there is mutual indebtedness between the transferor company and the transferee company in a business combination?
A. No adjustment is required in the books of the transferor company
B. Adjustment is required in the books of the trans feror company
C. No adjustment is required in the books of the transferee company
D. None of the above
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A piece of land was given to a firm free of cost six months back. Its fair value then was Rs. 12 lakhs and now it is worth Rs. 14 Lakhs. Under the conventional accounting system it will be reported in the Balance Sheet as on today at:
A. 12 lakhs
B. 14 lakhs
C. 2 lakhs
D. Not to be reported at all
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The current ratio of a firm is 5 : 3. Its working capital is Rs. 20,000. The value of its current assets will be:
A. Rs. 30,000
B. Rs. 50,000
C. Rs. 20,000
D. Rs. 60,000
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Unpaid calls is shown in the balance sheet of the company?
A. Added to the share capital
B. Deducted from the called up capitals
C. Under head current Assets
D. Under head current liabilities
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If increase in retained earning = Rs. 6,00,000
Preliminary expense = Rs. 10,000
Provision for taxation = Rs. 60,000
Transfer to General reserve = Rs. 10,000
Net profit before taxation = ??
A. Rs. 6,40,000
B. Rs. 6,80,000
C. Rs. 6,70,000
D. Rs. 6,20,000
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A, B, and C are partners in a firm sharing profit and loss in the ratio of 4 : 3 : 2. They agreed to take D into partnership and gave him 8 1 share. What will be the new profit-sharing ratio?
A. 4 : 3 : 2 : 1
B. 28 : 21 : 14 : 9
C. 28 : 21 : 14 : 8
D. 4 : 1 : 2 : 1
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In absence of an agreement. Partner is entitle to receive
A. Equal share in profit and loss
B. Interest on capital @ 12%
C. Interest on loan @ 18%
D. All of the above
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Profit or loss on revaluation is shared among the partners in . . . . . . . . ratio.
A. old profit sharing
B. new profit sharing
C. sacrificing
D. equal
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While putting the value and price of the entity in financial records, the lowest prices recorded, not the current price or current market value, is known as
A. Business entity concept
B. Money measurement concept
C. Conservatism
D. Expenditure concept
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The sales of 10,000 unit is rupees 30,000, variable cost is Rs. 15,000 and fixed cost is Rs. 9,000 security limits will be
A. 4,000 units
B. 5,000 units
C. 6,000 units
D. 8,000 units
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Fixed cost = Rs. 4,00,000, profit = Rs. 2,00,000 and profit-quantity ratio will 40%, then amount of sales will be
A. Rs. 1,00,000
B. Rs. 12,00,000
C. Rs. 15,00,000
D. Rs. 8,00,000
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In absence of an agreement, partner
A. Is entitle to receive interest on capital, in case of profit
B. Is entitle to receive interest on capital irrespective of profit or loss
C. Is entitle to receive interest on capital at the bank rate
D. Is not entitle to receive interest on capital
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Capital structure and leverage decisions come in the ambit of
A. Investment decisions
B. distribution decisions
C. financing decisions
D. dividend decisions
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The effect of investment by the owner of the business shall be
A. Increase in capital and decrease in liability
B. Increase in capital and increase in liability
C. Increase in capital and decrease in assets
D. Increase in capital and increase in assets
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Which of the following is the scientific way of main taining accounts?
A. Single entry
B. Double entry
C. Contra entry
D. Book entry
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If the current stock price is Rs. 50 per share and a new right share is assigned to an investor holding 4 at a contribution price of Rs. 45 per share, what will be value of right?
A. Rs. 2
B. Rs. 4
C. Rs. 6
D. Rs. 1
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Which of the following is/are the form(s) of environmental accounting?
A. Environmental Management accounting
B. Environmental Financial accounting
C. Environmental National accounting
D. All of the above
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