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Q961

You wish to invest a large of money in a company for a long-term. which of the following ratios will be most appropriate for you to reach a decision:

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Q962

The cost of right shares is

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Q963

Sales + Closing stock - Purchases - Gross Profit =

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Q964

Under which of the following Sections of the Company's Act, 1956 a company can use share premium for certain purposes?

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Q965

Which of the following is not correctly matched in the term of Loss/income and Nature?

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Q966

If for the redemption of preference share capital of Rs. 1,00,000, 5,000 equity shares of Rs. 10 each are issued at a discount of 10% the amount to be transferred to Capital Redemption Reserve Fund will be:

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Q967

Preliminary expenses of a company should be shown in the final accounts on

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Q968

The directors of Murfi Ltd made a final call of Rs. 50 per share on 1^st August, indicating the last date of payment of call money to be 31^st August. Mr. Akshit holding 5,000 shares paid the call money on 15^th October, if the company adopts Table A, the amount of interest on calls-in-arrears to be paid

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Q969

The Accounting Standards Board of India does not perform the following function:

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Q970

An entity issues shares as consideration for the purchase of inventory. The shares were issued on 1^st January, 2017. The inventory is eventually sold on 31^st December, 2018. The value of the inventory on 1^st January, 2017, was Rs. 8,00,000. This value was unchanged upto the date of sale. The sale proceed was Rs. 12,00,000. The shares issued have a market value of Rs. 9,00,000. Which of the following statement correctly describes the accounting treatment of this share based payment transaction?

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Q971

At the time of retirement of a partner, the adjustment of goodwill is done, in which ratio?

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Q972

The system of recording transaction based on dual aspect concept is called:

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Q973

Trial balance is

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Q974

Income tax on interest, dividends and rent should be

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Q975

Higher the ratio, lower the profitability is applicable to-

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Q976

Accounting Standards in India are prescribed by:

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Q977

The capital of a partner at the end of the year is Rs. 20,000. His share of profit and drawing during the year is 10,000 and 5,000 respectively. His opening capital would be

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Q978

Which one of the following Entries is correct.
When there is loss of goods by fire and the claim is admitted partially by the Insurance Company?

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Q979

Given:
Contribution = Rs. 1,00,000
Fixed cost = Rs. 50,000
Interest = Rs. 10,000
Income Tax = Rs. 10,000
Combined leverage will be:

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Q980

A business firm has earned a net profit of Rs. 60,000 in a year. The total sales for the year were Rs. 1,20,000 and the debtors in the beginning and the end of the year were Rs. 40,000 and Rs. 30,000 respectively. The cash flow from operation was

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