Q1361
Open questionPartner by estoppel is a
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Q1362
Open questionAccrual concept is related to:
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Q1363
Open questionA company wishes to issue 1,000 7% debentures of Rs. 100 each repayable after 10 years for which the company will have to incur the following expenses:
Underwriting commission ⇔ 1.5%
Brokerage ⇔ 0.5%
Printing and Miscellaneous expenses ⇔ Rs. 1,000
The annual cost of capital would be:
Underwriting commission ⇔ 1.5%
Brokerage ⇔ 0.5%
Printing and Miscellaneous expenses ⇔ Rs. 1,000
The annual cost of capital would be:
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Q1364
Open questionIf at the end of a financial year capital is Rs. 20,000, drawing during the year is Rs. 10,000, capital at the beginning of the year is Rs. 12,000, additional capital introduced during the year is Rs. 14,000. Then find net profit for the year?
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Q1365
Open questionConsider the following statements:
Statement (A): Balance sheet shows liquidity position of a business on a particular date.
Reason (R): Balance sheet is prepared on basis of actual transactions which are recorded in the books of accounts.
Give the correct answer:
Statement (A): Balance sheet shows liquidity position of a business on a particular date.
Reason (R): Balance sheet is prepared on basis of actual transactions which are recorded in the books of accounts.
Give the correct answer:
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Q1366
Open questionThe balance in the capital reduction A/c after writing off accumulated losses is transferred to:
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Q1367
Open questionThe International Accounting Standard-2 lays down guide lines for inventory valuation and presentation. Which one of the following is not true as per these standards:
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Q1368
Open questionWhen the cost incurred on recruiting, training and developing the employees is considered for determining the value of employees, it is called
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Q1369
Open questionThe amount of minimum rent is determined on which of the following basis ?
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Q1370
Open questionRaja and Ram are partners sharing profits in ratio 3 : 1. Ashok is admitted for share in profits. New profit sharing ratio between Raja, Ram and Ashok is?
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Q1371
Open questionThe transfer by a company of one or more of its business divisions to another newly set-up company is called
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Q1372
Open questionMargin of safety means
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Q1373
Open questionWhich of the following is not correctly matched? In the term of Activity and Flow of Fund.
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Q1374
Open questionWhich of the following are correct regarding rights of partners?
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
1. A partner has the right to allow the admission of a new partner.
2. Every partner has a right to take part in the management of business.
3. Every partner has a joint ownership of partnership property.
4. Every partner has a right to share the profit not the losses with other partners.
5. Every partner has a right to inspect the books of account and have a copy of the same.
6. In case of emergency, a partner has a right to act as a man of prudence.
Select the correct answer:
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Q1375
Open questionThe partnership may come to an end due to the
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Q1376
Open questionMaking the provision for bad and doubtful debts in anticipation of actual bad debts is on the basis of:
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Q1377
Open questionWhich of the following are methods of calculating goodwill?
1. Average profit method
2. Super profit method
3. Log method
4. Sum of years digit method
5. Capitalisation of average profit method
6. Capitalisation of super profit method
7. FIFO method
Select the correct answer:
1. Average profit method
2. Super profit method
3. Log method
4. Sum of years digit method
5. Capitalisation of average profit method
6. Capitalisation of super profit method
7. FIFO method
Select the correct answer:
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Q1378
Open questionThe funds available with a company after paying all claims including tax and dividend is called
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Q1379
Open questionMatch the items of a company given in List-A with the classification given in List-B and check your answer:
| List-A | List-B |
| a. Preliminary Expenses | 1. Miscellanneous Expenditure |
| b. Unclaimed Dividend | 2. Loans and Advances |
| c. Bills receivable | 3. Current liability |
| d. Live Stock | 4. Fixed assets |
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Q1380
Open questionThe raw material should be valued at:
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