Which of these is not available in the Financial Statements of Company?

- a)Total Sales
- b)Total Profit & Loss
- c)Capital
- d)Cost of Production

Correct answer is option 'D'. Can you explain this answer?

Neha Sindal answered • 28 minutes ago

Simply cost of production isnt taken in consideration due to this is a expense related to manufacturing costs nd this doesn't includes in the trading or p/l ac or balance sheet that is there is a all new account for the firms who r involving in manufacturing business called manufacturing account

so this is not includes in financial statements

so this is not includes in financial statements

Sai Shiv answered • 49 minutes ago

Answer is option A(L)

Maitri Jain asked • 10 minutes ago

If 1 percent of an airline‘s flights suffer a minor equipment failure in an aircraft, what is the probability that there will be exactly two such failures in the next 100 such flights?

- a)0.50.
- b)0.184.
- c)0.265.
- d)0.256.

Correct answer is option 'B'. Can you explain this answer?

Yashita Kohad asked • 31 minutes ago

Narmadha Rao asked • 33 minutes ago

An urn contains 2 red and 1 green balls. nother urn contains 2 red and 2 green balls. An urn was selected at random and then a ball was drawn from it. If it was found to be red then the probability that it has been drawn from urn one is ______.

- a)4/7
- b)3/7
- c)2/3
- d)7/12

Correct answer is option 'C'. Can you explain this answer?

Narmadha Rao asked • 33 minutes ago

The odds against A solving a certain problem are 4 to 3 and the odds in favour of B solving the same problem are 7 to 5. What is the probability that the problem will be solved if they both try?

- a)15/21
- b)16/21
- c)17/21
- d)13/21

Correct answer is option 'B'. Can you explain this answer?

Safiya Usmani asked • 33 minutes ago

As per basic accounting Equation Assets = Capital + Liabilities which of the following equation will be true if Ram starts a business with Rs. 5,50,000 & then buy goods worth Rs. 1,50,000 from Madan on credit?

- a)Rs. 7, 00,000 = Rs. 5, 50,000 + Rs. 1, 50,000
- b)Rs. 7, 00,000 = Rs. 6, 50,000 – Rs. 50,000
- c)Rs. 5, 50,000 = Rs. 5, 00,000 + Rs. 50,000
- d)Rs. 5, 50,000 = Rs. 7, 00,000 – Rs. 1, 50,000

Correct answer is option 'A'. Can you explain this answer?

Mehak Goyal asked • 33 minutes ago

A player tosses 3 fair coins. He wins Rs.5 if three appear, Rs.3 if two heads appear, Rs.1 if one head occurs. On the other hand, he losses Rs.15 if 3 tails occur. Find expected gain of the player.

- a)0.15
- b)0.25
- c)0.35
- d)0.45

Correct answer is option 'B'. Can you explain this answer?

Archana Mahato asked • 36 minutes ago

M/s ABC Brothers, which was registered in the year 2000, has been following Straight Line Method (SLM) of depreciation. In the current year it changed its method from Straight Line to Written Down Value (WDV) Method, since such change would result in the additional depreciation of Rs. 200 lakhs as a result of which the firm would qualify to be declared as a sick industrial unit. The auditor raised objection to this change in the method of depreciation.The objection of the auditor is justified because

- a)Change in the method of depreciation should be done only with the consent of the auditor
- b)Depreciation method can be changed only from WDV to SLM and not vice versa
- c)Change in the method of depreciation should be done only if it is required by some statute or change would result in more appropriate presentation of financial statement or for compliance with the accounting standard
- d)Method of depreciation cannot be changed under any circumstances

Correct answer is option 'C'. Can you explain this answer?

Srishti Bansal asked • 56 minutes ago

If any Inventories is taken over by the venturer, it will be treated as an:

- a)Income of the Joint venture, hence credited to Joint Venture Account
- b)Expenses of Joint Venture, hence debited to Joint Venture Account
- c)To be ignored from Joint Venture Transaction
- d)It will be treated in the personal book of the venturer and not in the books of joint Venture.

Correct answer is option 'A'. Can you explain this answer?

Chaitanya Korupolu asked • 57 minutes ago

Out of 8 different balls taken three at a time without taking the same three together more than once for for how many number of times you can select any ball?

- a)
^{7}C_{2} - b)
^{8}C_{3} - c)
^{7}P_{2} - d)
^{8}P_{3}

Correct answer is option 'B'. Can you explain this answer?

Guddi Prajapati asked • 58 minutes ago

‘A Limited’ purchased goods of Rs.10,00,000, and sold 90% of goods and remaining goods market value is Rs.90,000, and closing stock is 10%, but he recorded Rs.90,000 and not Rs.1,00,000. Which concept does he follows:-

- a)Materiality concept
- b)Cost concept
- c)Entity concept
- d)Conservatism concept

Correct answer is option 'D'. Can you explain this answer?

Ramesh Kushwaha asked • 59 minutes ago

The mean and SD of a sample of 100 observations were calculated as 40 and 5.1 respectively by a CA student who took one observation as 50 instead of 40 by mistake. The current value of SD would be

- a)4.90
- b)5.00
- c)4.88
- d)4.85

Correct answer is option 'B'. Can you explain this answer?

Samira Shaikh asked • 59 minutes ago

In forming a committee of 5 out of 5 males and 6 females how many choices you have to made so that there are 3 males and 2 females? How many choices you have to make if there are not more than 3 males?

- a)150
- b)200
- c)1
- d)461

Correct answer is option 'D'. Can you explain this answer?

Vedavyas Sai asked • 1 hour ago

XYZ a partnership firm was constituted on 1.4.2008. on 25^{th} April the partners resolved to get the firm registered with the Registrar of Firm.

The firm prepared the necessary documents for registration on 26^{th} April which were signed on 28^{th} April. They send the documents to the Registrar office on 30^{th} April by Registered post which was received in the Registrar office on 4^{th} May, 2008. The registrar filed the statement and entered the firms name in the register of Firms on 20^{th} May, 2008. The firm will be deemed to have been registered on:

The firm prepared the necessary documents for registration on 26

- a)30
^{th}April - b)28
^{th}April - c)20
^{th}May - d)4
^{th}May

Correct answer is option 'C'. Can you explain this answer?

Muni Kumari asked • 1 hour ago

In which book of original entry, will you record the following transactions?

- a)Total cost of goods sold for the period.
- b)The quantity of a particular product sold during the period.
- c)The amount owed to a particular creditor.
- d)The portion of total current assets that consist of cash.

Correct answer is option 'B'. Can you explain this answer?

Shinu Sha asked • 1 hour ago

If the covariance between two variables is 20 and the variance of one of the variables is 16, what would be the variance of the variables is 16, what would be the variance of the other variable?

- a)More than 10
- b)More than 100
- c)More than 1.25
- d)Lss than 10

Correct answer is option 'B'. Can you explain this answer?

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