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Q1061

Cumulative Preference Shareholders can claim unpaid dividend of earlier years as a matter of right only when:

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Q1062

Which of the following is the final stage of accounting as a process of information?

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Q1063

Which of the following transactions is of capital nature:

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Q1064

The final accounts of a manufacturing company generally include the following statements. Select the correct sequence in the which the statements are prepared
i. Balance sheet
ii. Manufacturing account
iii. Profit and loss account
iv. Trading account
v. Profit and loss appropriation account

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Q1065

Calculate the BEP in units from the following figures

Sales price	Rs. 15/unit
Variable cost	Rs. 8/unit
Fixed cost	Rs. 14,000
Unit produced	6,000

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Q1066

Earning ratio shows the relationship between earning per share and what?

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Q1067

If share of face value of Rs. 10 is sold at Rs. 12 then Rs. 2 will be regarded as

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Q1068

Which of the following has the purpose of taking responsibility?

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Q1069

The profit sharing ratio of ABC is

\frac{1}{2}, \frac{2}{5}, \frac{1}{10} .

After retirement of A, remaining partner's ratio will be

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Q1070

The directors of company forfeited 1,000 shares of Rs. 10 each, Rs. 7.5 paid-up for non-payment of call money @ Rs. 2.5 per share, 700 of this shares are re-issued @ Rs. 7 per share. The amount transfer to Capital Reserve A/c would be

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Q1071

A, B and C are partner in a partnership firm sharing profit and losses in the ratio 5 : 3 : 2. What will be their sacrificing ratio upon admission of D

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Q1072

A partnership comes into existence by

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Q1073

Deficiency A/c is prepared in the event of:

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Q1074

Arrange the following steps of adjustment of capital (reconstitution of firm) incorrect order.
1. Calculation of total capital of new firm.
2. Finding out the surplus/deficiency in each of partner's capital account.
3. Calculation of adjusted old capitals of partners.
4. Finding out the new capitals of partners.
Select the correct answer:

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Q1075

Which one of the following ratios is not a measure of financial soundness and stability of a business enterprise:

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Q1076

The amount of depreciation charged to profit and loss account varies every year under

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Q1077

The maximum number of partners in case of an ordinary partnership firm should not exceed

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Q1078

If the net profit is Rs. 35,000 after writing off goodwill Rs. 6,000 and loss on the sale of furniture Rs. 1,000 then the funds from operation will be

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Q1079

If Return On Investment (ROI) is 10% and investment turnover 5, then net profit margin will be:

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Q1080

A, B and C started a business by investing Rs. 1,20,000, Rs. 1,35,000 and Rs. 1,50,000, respectively. Find the share of each, out of an annual profit of Rs. 56,700.

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