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Q941

A, B and C are partners. They share profits and losses in

\frac{1}{2} : \frac{1}{3} : \frac{1}{6} .

C died what will be the gaining ratio of A and B?

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Q942

Present liability of uncertain amount, which can be measured reliably by using a substantial degree of estimation is termed as

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Q943

Which one of the following statement is incorrect?

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Q944

M/s Stationary Mart will debit the purchase of stationary to:

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Q945

What will be shareholder's funds. If equity share capital is Rs. 16,00,000, 8% preference share is Rs. 20,000, Reserve and surplus is Rs. 73,000, profit and loss is Rs. 41,000 (cr. balance), preliminiary expense is Rs. 20,000 and short-term creditors are Rs. 30,000.

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Q946

X and Y are partners in the ratio of 3 : 2. Their capitals are Rs. 2,00,000 and Rs. 1,00,000 respectively. The interest on capitals is allowed @ 8% per annum. The firm earned a profit of Rs. 60,000 for the year ending on 31^st March 2019. The interest on capital will be

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Q947

Total capital employed is equal to

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Q948

In case of fund flow statement, 'Fund' means

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Q949

X Ltd. issued debentures of Rs. 100 at 5% discount for purchase of machinery worth Rs. 95,000. The number of debenture issued will be

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Q950

An expenditure is called capital expenditue when

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Q951

If the articles of association of the company remains silent as the rate of interest to be paid for calls in arrears the directors can charge interest:

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Q952

Unearned income is considered as

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Q953

Find the cost of closing stock from the following
Current ratio = 2.5
Liquid ratio = 1.5
Working capital = 1,20,000
Fixed assets = 3,00,000

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Q954

Capitalist industries results in

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Q955

If the fixed cost is Rs. 40,000, variable cost per unit Rs. 2 and if the selling price per unit is Rs. 3. What will break even point (in-units)?

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Q956

When amalgamation is in the nature of merger, the accounting method to be followed is

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Q957

The main objective of preparing Income and Expenditure Account is to know:

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Q958

Which of the following will not be the source for buying back of shares by a company?

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Q959

Which of the following redeemable preference share due at Rs. 10 per share is suitable for redemption?

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Q960

Which one of the following is not a method of depreciation?

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