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- ICAI Notes 1.1 - Nature of contract
- Formation of the Contract of Sale (Part - 1)
- PPT - Nature of contract
- Introduction (Part - 2) - Nature & Scope of Business Economics
- Introduction - Business and Commercial Knowledge
- Law of Demand (Part - 1)
- Nature of Contract
- Ratio and Proportion, Indices, Logarithms (Part - 2)
- Meaning and Scope of Accounting (Test)
- Unit 2: Accounting Concepts, Principles And Conventions
- PPT : Meaning and scope
- Unit 1: Meaning and Scope of Accounting
- PPT - Proportions, "Ratio, Proportions, indices and logarithms"
- Bank Reconciliation Statement Part - 1
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Business and Commercial Knowledge

Principles and Practice of Accounting

Business Laws for CA Foundation

Business Mathematics and Logical Reasoning & Statistics

Quantitative Aptitude for CA CPT

Mercantile Law for CA CPT

Fundamentals of Accounting for CA CPT

CA CPT - Mock Test Series and Previous Year Question Papers

Class 11 Book Keeping and Accountancy(Basics)-Video Lectures

Class 12- Book Keeping and Accountancy-Video lectures

Mock Tests & Past Year Papers for CA Foundation

Business Economics for CA Foundation

Economics for CA CPT

- A and B are partners having capital of Rs. 50,000 and Rs. 60,000 respectively. Interest on capital is given @ 5% p.a. Profits for the year before appropriation is Rs. 4,600 provide interest on capital out of profits. Increase allocated to partners is :
- a)Rs. 3,000 and Rs. 2,500
- b)Rs. 2,090 and Rs. 2,509
- c)Rs. 2,500 and Rs. 2,091
- d)Rs. 600 and Rs. 300

Correct answer is option 'B'. Can you explain this answer? - The following information pertains to X Ltd.:

(i) Equity Share capital called up Rs. 5,00,000

(ii) Calls in arrear Rs. 40,000

(iii) Call in advance Rs. 25,000

(iv) Proposed dividend 15%

The amount of dividend payable is:- a) Rs. 75,000
- b) Rs. 72,750
- c) Rs. 71,250
- d) Rs. 69,000

Correct answer is option `D`. Can you explain this answer? - X was issued 100 shares of Rs. 10 each at a premium of Re.1, he paid application money and allotment money which in total amounted to Rs. 5 (excluding premium) and failed to pay the balance call money of Rs. 5. Find the maximum discount that can be given at the time reissue of shares:
- a)Rs. 4 per shares
- b)Rs. 5 per share
- c)Rs. 2 per share
- d)Rs. 6 per share

Correct answer is option 'B'. Can you explain this answer? - If p : q is the sub duplicate ratio of p–x
^{2}: q–x^{2}then x^{2}is- a)p/p+q
- b)q/p+q
- c)pq/p-q
- d)none of these

Correct answer is option 'D'. Can you explain this answer? - A, B and C had capitals of Rs. 50,000; Rs. 40,000 and Rs. 30,000 respectively for carrying on business in partnership. The firm’s reported profit for the year was Rs. 80,000. As per provisions of the Indian Partnership Act, 1932, find out the share of each partner in the above amount after taking into account that no interest has been provided on an advance by A of Rs. 20,000, in addition to his capital contribution.
- a)Rs. 26,267 for Partner B and C & Rs. 27,466 for partner A
- b)Rs. 26,667 each partner
- c)Rs. 33,333 for A, Rs. 26,667 and Rs. 20,000 for C
- d)Rs. 30,000 each partner

Correct answer is 'A'. Can you explain this answer? - Can you explain the answer of this question below:
Choose the most appropriate option (a) (b) (c) or (d)

The inverse ratio of 11 : 15 is

- A:
15 : 11

- B:
- C:
121 : 225

- D:
none of these

The answer is a.

- A:
- If x : y = 3 : 4, the value of x
^{2}y + xy^{2}: x^{3}+ y^{3}is- a)13 : 12
- b)12 : 13
- c)21 : 31
- d)none of these

Correct answer is option 'B'. Can you explain this answer? - In the absence of an agreement, partners are entitled to:
- a)Salary
- b)commission
- c)Interest on loans and advances
- d)Profit share in capital ratio

Correct answer is option 'C'. Can you explain this answer? - The ratio compounded of 2 : 3, 9 : 4, 5 : 6 and 8 : 10 is
- a)1 : 1
- b)1 : 5
- c)3 : 8
- d)none of these

Correct answer is option 'A'. Can you explain this answer? - On April 01, 2004 the debit balance of the machinery account of A Ltd. was Rs.5,67,000.

The machine was purchased on April 01, 2002. The company charged depreciation at the rate of 10% per annum under diminishing balance method. On October 01, 2004, the company acquired a new machine at a cost of Rs.60,000 and incurred Rs.6,000 for installation of the new machine. The company decided to change the system of providing depreciation from the diminishing balance method to the straight-line method with retrospective effect from April 01, 2002. The rate of depreciation will remain the same.

The company decided to make necessary adjustments in respect of depreciation due to the change in the method in the year 2004-2005.**Q.Depreciation provided in 2002-03 = ______.**- a)Rs 56,700
- b)Rs 63,000
- c)Rs 70,000
- d)Rs 77,778

Correct answer is option 'C'. Can you explain this answer? - If p : q = 2 : 3 and x : y = 4 : 5, then the value of 5px + 3qy : 10px + 4qy is
- a)71 : 82
- b)27 : 28
- c)17 : 28
- d)none of these

Correct answer is option 'C'. Can you explain this answer? - If x/2 = y/3 = z/7, then the value of (2x–5y+4z)/2y is
- a)6/23
- b)23/6
- c)3/2
- d)none of these

Correct answer is option 'D'. Can you explain this answer? - Ravi and Suraj are partners having the profit sharing ratio 3:2 in a firm. They admitted Tarun in partnership and new profit sharing ratio of Ravi, Suraj and Tarun was decided at 2:2:1 respectively. Tarun brings in Rs. 30,000 as goodwill. What would be the share of Ravi in goodwill?
- a)Rs. 30,000
- b)Rs. 18,000
- c)Rs. 6,000
- d)None of the above

Correct answer is 'A'. Can you explain this answer? - Can you explain the answer of this question below:In an auction sale, X is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to:
- A:Express acceptance
- B:Implied acceptance
- C:Future acceptance
- D:No acceptance

The answer is b. - X of kolkata sends out goods costing Rs, 100000 to consignee Y of Delhi. 3/5th of the goods were sold by consignee for Rs, 70, 000. Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be?.?A) 2833 B) 2900 C) 3000 D) 2800Answer is APlease someone explain me