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Q1901

Standard costing means

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Q1902

Which of the following depreciation method would be most suitable for coal mines?

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Q1903

The share of outsiders in the net assets of subsidiary company is known as

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Q1904

X and Y are partners sharing profits in the ratio 2 : 1. Z is admitted for

\frac{1}{4}^{th}

share in profits and he brings his share of capital Rs. 12,000 in firm. The adjusted capital of Y is

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Q1905

Income and Expenditure account dipicsts:

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Q1906

Given:
Stock turnover 6 times
Total Sales Rs. 3,00,000
Gross profit Ratio 20%
Closing stock is Rs. 4,000 more than the opening stock. The opening stock will be:

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Q1907

What will be amount of gross profit/gross loss. If cost of goods sold Rs. 79,000, Sales Rs. 1,10,000, Purchases Rs. 30,000?

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Q1908

Match List-I with List-II and choose the correct answer:

List-I	List-II
a. Shareholder	1. Creditor of company
b. Debenture holder	2. To be paid at the end of a pre-determined period
c. Redeemable debenture	3. Co-owner of the company
d. Bearer debenture	4. Transferable mere by delivery

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Q1909

A firm has total current assets of Rs. 10,000 (including inventory of Rs. 4,000), and total current liabilities of Rs. 3,000. What will be the amount of short-term bank borrowings to make the quick ratio 1.5:

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Q1910

Which among the following belongs to Nominal Account?

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Q1911

In a firm, opening stock plus purchases minus closing stock is called:

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Q1912

X and Y are partners and sharing profits-losses in the ratio of 4 : 3. They admit Z in partnership giving

\frac{1}{3}^{rd}

share in profits/losses. If Z receives his share from X and Y in equal proportion, the share of Y in profits/loses in future will be

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Q1913

Which of the following is conclusive evidence of partnership?

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Q1914

Capital of firm in the beginning of a financial year was Rs. 1,00,000. At the end, total assets were Rs. 1,50,000 and total liabilities were Rs. 70,000. If total drawing during the year was Rs. 30,000, what is the gross profit or gross loss?

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Q1915

In case of issue of shares at discount, the rate of discount should not be more than

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Q1916

Which of the following statements is/are true?
i. Tax-shield on depreciation and interest is an important variable both for the lessor and the lessee.
ii. Lease transactions in India are governed by the Lease Act.
iii. A lessee should evaluate the lease options against the buying option.
iv. As per AS-19, financial lease is shown in the balance sheet of the lessee as an asset.

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Q1917

Unrecorded liability, when paid by a firm on its dissolution is debited to:

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Q1918

Purchase of goods for cash-

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Q1919

Collection from debtors

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Q1920

Rate of commission payble on issue of share should not exceed

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