CA Foundation
__________ is known as privatisation- a)Divestment
- b)Making a Private sector as a public
- c)Liberalisation
- d)All of the above
Correct answer is option 'A'. Can you explain this answer?
__________ is known as privatisation
a)
Divestment
b)
Making a Private sector as a public
c)
Liberalisation
d)
All of the above
Rakesh Singh answered • 7 hours agoDisinvestment refers to selling a part or whole of Shares of Public Sector undertakings to Private sector . This process comes under privatisation.
Like this year Govt is selling some part of equities of LIC and some Public sector banks to Private sectors , this is called disinvestment that comes under privatisation
Like this year Govt is selling some part of equities of LIC and some Public sector banks to Private sectors , this is called disinvestment that comes under privatisation
Aishwarya Aishwarya asked • 11 minutes agoLion and Tiger having capitals of Rs.2,00,000 each are sharing profits and losses equally. Leopard joins as an equal partner with a capital of Rs.2,50,000. Goodwill of the firm is valued at Rs.2,10,000. The revaluation profit is Rs.36,000. Find the closing capitals of Lion, Tiger and Leopard- a)Rs.2,50,000; Rs.2,50,000; Rs.2,50,000
- b)Rs.2,88,000; Rs.2,88,000; Rs.2,00,000
- c)Rs.2,18,000; Rs.2,18,000; Rs.2,50,000
- d)Rs.2,53,000; Rs.2,53,000; Rs.2,50,000
Correct answer is option 'D'. Can you explain this answer?
Lion and Tiger having capitals of Rs.2,00,000 each are sharing profits and losses equally. Leopard joins as an equal partner with a capital of Rs.2,50,000. Goodwill of the firm is valued at Rs.2,10,000. The revaluation profit is Rs.36,000. Find the closing capitals of Lion, Tiger and Leopard
a)
Rs.2,50,000; Rs.2,50,000; Rs.2,50,000
b)
Rs.2,88,000; Rs.2,88,000; Rs.2,00,000
c)
Rs.2,18,000; Rs.2,18,000; Rs.2,50,000
d)
Rs.2,53,000; Rs.2,53,000; Rs.2,50,000
Karthik Raju asked • 38 minutes agoA businessman purchased goods for Rs. 25, 00,000 and sold 70% of such goods during the accounting year ended on 31.3.2014. The market value of remaining goods was Rs. 5, 00,000. He valued the closing stock at Rs. 5, 00,000 and not at Rs. 7, 50,000 due to:- a)Money Measurement
- b)Conservatism
- c)Cost
- d)Periodicity
Correct answer is option 'B'. Can you explain this answer?
A businessman purchased goods for Rs. 25, 00,000 and sold 70% of such goods during the accounting year ended on 31.3.2014. The market value of remaining goods was Rs. 5, 00,000. He valued the closing stock at Rs. 5, 00,000 and not at Rs. 7, 50,000 due to:
a)
Money Measurement
b)
Conservatism
c)
Cost
d)
Periodicity
Ujjwal Bisht asked • 45 minutes ago________ is the study of how to create an organizational structure that leads to high efficiency and effectiveness.- a)Scientific management
- b)Job specialization
- c)Administrative management
- d)Allocation management
Correct answer is option 'D'. Can you explain this answer?
________ is the study of how to create an organizational structure that leads to high efficiency and effectiveness.
a)
Scientific management
b)
Job specialization
c)
Administrative management
d)
Allocation management
Soumi Choudhuri asked • 51 minutes ago X of Kolkata sends out goods costing Rs. 3,00,000 to Y of Delhi. Commission agreement—2% on sales + 3% on sales as del-credere commission. The entire goods is sold by consignee for Rs. 4 lacs. However, consignee is able to recover Rs. 3,95,000 from the Trade receivables. The amount of profit to be transferred to P/L as net commission by consignee will be:- a)Rs. 15,000
- b)Rs. 22,000
- c)Rs. 21,000
- d)Rs. 20,000
Correct answer is option 'A'. Can you explain this answer?
X of Kolkata sends out goods costing Rs. 3,00,000 to Y of Delhi. Commission agreement—2% on sales + 3% on sales as del-credere commission. The entire goods is sold by consignee for Rs. 4 lacs. However, consignee is able to recover Rs. 3,95,000 from the Trade receivables. The amount of profit to be transferred to P/L as net commission by consignee will be:
a)
Rs. 15,000
b)
Rs. 22,000
c)
Rs. 21,000
d)
Rs. 20,000
Mansi Behl asked • 53 minutes agoIf depreciation rate is equal, the amount of depreciation in SLM method as compared to WDV method will be _________- a)Equal in first year but will be lesser in remaining year.
- b)Less in first year but will be more in remaining years.
- c)Equal in first year but will be more in remaining years.
- d)Less in first year but will be equal in remaining years.
Correct answer is option 'C'. Can you explain this answer?
If depreciation rate is equal, the amount of depreciation in SLM method as compared to WDV method will be _________
a)
Equal in first year but will be lesser in remaining year.
b)
Less in first year but will be more in remaining years.
c)
Equal in first year but will be more in remaining years.
d)
Less in first year but will be equal in remaining years.
Cmashubham Bhati asked • 2 hours agoSuresh’s Trial balance provides you the following information:Bad debts Rs. 10, 000
Provision for doubtful debts Rs. 15 , 000Suresh wants to make a provision of Rs.20,000 at the end of the year. The amount debited to the Profit & Loss Account is- a)Rs. 45,000
- b)Rs. 5,000
- c)Rs. 15,000
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Suresh’s Trial balance provides you the following information:
Bad debts Rs. 10, 000
Provision for doubtful debts Rs. 15 , 000
Provision for doubtful debts Rs. 15 , 000
Suresh wants to make a provision of Rs.20,000 at the end of the year. The amount debited to the Profit & Loss Account is
a)
Rs. 45,000
b)
Rs. 5,000
c)
Rs. 15,000
d)
None of the above
Mansi Behl asked • 2 hours agoIn which of the following methods, the cost of the asset is not spread over in equal proportion during its useful economic life?- a)Straight line method
- b)Written down value method
- c)Units-of-production method
- d)All of the above
Correct answer is option 'B,C'. Can you explain this answer?
In which of the following methods, the cost of the asset is not spread over in equal proportion during its useful economic life?
a)
Straight line method
b)
Written down value method
c)
Units-of-production method
d)
All of the above
Nandita Vaghani asked • 2 hours ago T Ltd. purchased land & building from U Ltd. for a value of Rs. 2,00,000. The consideration was paid by issue of 12% debentures of Rs. 100 each at a discount of 20%. The debentures account will be credited with: - a)Rs. 2,00,000
- b)Rs. 2,50,000
- c)Rs. 2,40,000
- d)Rs. 1,60,000
Correct answer is option 'B'. Can you explain this answer?
T Ltd. purchased land & building from U Ltd. for a value of Rs. 2,00,000. The consideration was paid by issue of 12% debentures of Rs. 100 each at a discount of 20%. The debentures account will be credited with:
a)
Rs. 2,00,000
b)
Rs. 2,50,000
c)
Rs. 2,40,000
d)
Rs. 1,60,000
Prasanna Reddy asked • 2 hours agoIf X and Y are 2 independent normal variables with mean as 10 and 12 and SD as 3 and 4, then (X + Y) is normal distribution with - a)mean = 22 and SD = 7
- b)mean = 22 and SD = 25
- c)mean = 22 and SD = 5
- d)mean = 22 and SD = 49
Correct answer is option 'C'. Can you explain this answer?
If X and Y are 2 independent normal variables with mean as 10 and 12 and SD as 3 and 4, then (X + Y) is normal distribution with
a)
mean = 22 and SD = 7
b)
mean = 22 and SD = 25
c)
mean = 22 and SD = 5
d)
mean = 22 and SD = 49
Sanjay Thakur asked • 2 hours agoA & B are partners in the ratio of 3:2. They admitted C as a new partner with Rs.35,000 against his capital and Rs.15,000 against goodwill. C could bring in Rs.45,000 only. What is the treatment, if the new profit sharing ratio is 1:1:1?- a)A & B will be credited by Rs.8,000 and Rs.2,000 respectively
- b)A further amount of Rs.5,000 is credited to capital accounts of A & B
- c)Both (a) & (b)
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
A & B are partners in the ratio of 3:2. They admitted C as a new partner with Rs.35,000 against his capital and Rs.15,000 against goodwill. C could bring in Rs.45,000 only. What is the treatment, if the new profit sharing ratio is 1:1:1?
a)
A & B will be credited by Rs.8,000 and Rs.2,000 respectively
b)
A further amount of Rs.5,000 is credited to capital accounts of A & B
c)
Both (a) & (b)
d)
None of the above
Ujjwal Bisht asked • 2 hours agoX Ltd. had 5,000 12% Redeemable Preference Shares of Rs. 100 each. The company decided to redeem them by issuing equity shares of Rs. 100 each @ a premium of 255. The member of equity shares to be issued are:- a)4000 shares
- b)5000 shares
- c)4480 shares
- d)5600 shares
Correct answer is option 'B'. Can you explain this answer?
X Ltd. had 5,000 12% Redeemable Preference Shares of Rs. 100 each. The company decided to redeem them by issuing equity shares of Rs. 100 each @ a premium of 255. The member of equity shares to be issued are:
a)
4000 shares
b)
5000 shares
c)
4480 shares
d)
5600 shares
Ramesh Singh asked • 2 hours agoIn the production of wheat, all of the following are variable factors that are used by the farmer except :- a)the seed and fertilizer used when the crop is planted.
- b)the field that has been cleared of trees and in which the crop is planted.
- c)the tractor used by the farmer in planting and cultivating not only wheat but also corn and barley.
- d)the number of hours that the farmer spends in cultivating the wheat fields.
Correct answer is option 'B'. Can you explain this answer?
In the production of wheat, all of the following are variable factors that are used by the farmer except :
a)
the seed and fertilizer used when the crop is planted.
b)
the field that has been cleared of trees and in which the crop is planted.
c)
the tractor used by the farmer in planting and cultivating not only wheat but also corn and barley.
d)
the number of hours that the farmer spends in cultivating the wheat fields.
Ujjwal Bisht asked • 3 hours agoScientific management, administrative management, and bureaucratic management belong to the management viewpoint known as the- a)classical perspective
- b)behavioral perspective
- c)quantitative perspective
- d)systems perspective
Correct answer is option 'A'. Can you explain this answer?
Scientific management, administrative management, and bureaucratic management belong to the management viewpoint known as the
a)
classical perspective
b)
behavioral perspective
c)
quantitative perspective
d)
systems perspective
Ranjeet Singh asked • 3 hours agoClassify the following expenditures and receipts as capital or revenue:Q.Revenue from sale of products ordinarily is reported as part of the earning in the period- a)the sale is made.
- b)the cash is collected.
- c)the products are manufactured.
- d)the planning takes place.
Correct answer is option 'A'. Can you explain this answer?
Classify the following expenditures and receipts as capital or revenue:
Q.Revenue from sale of products ordinarily is reported as part of the earning in the period
a)
the sale is made.
b)
the cash is collected.
c)
the products are manufactured.
d)
the planning takes place.
Policherla Rajyalakshmi asked • 3 hours agoIn case of reciprocal promises, which is not applicable?- a)They can perform simultaneously
- b)They cannot perform simultaneously
- c)They can be fixed by the parties to the Contract
- d)As depending upon the nature of the Contract
Correct answer is option 'B'. Can you explain this answer?
In case of reciprocal promises, which is not applicable?
a)
They can perform simultaneously
b)
They cannot perform simultaneously
c)
They can be fixed by the parties to the Contract
d)
As depending upon the nature of the Contract
Sanjay Thakur asked • 4 hours agoA trader purchased goods for Rs. 25,00,000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs.5,00,000. But the trader recorded in his books for Rs.7,50,000. Which of the following concept is violated.- a)Money measurement
- b)Conservatism
- c)Consistency
- d)None
Correct answer is option 'B'. Can you explain this answer?
A trader purchased goods for Rs. 25,00,000, of these 70% of goods were sold during the year. At the end of 31st December 2009, the market value of such goods were Rs.5,00,000. But the trader recorded in his books for Rs.7,50,000. Which of the following concept is violated.
a)
Money measurement
b)
Conservatism
c)
Consistency
d)
None
Rithu Sharma asked • 4 hours agoThe price of a commodity increases from Rs. 5 per unit in 1990 to Rs. 7.50 per unit in 1995 and the quantity consumed decreases from 120 units in 1990 to 90 units in 1995. The price and quantity in 1995 are 150% and 75% respectively of the corresponding price and quantity in 1990. Therefore, the product of the price ratio and quantity ratio is :- a)1.8
- b)1.125
- c)1.75
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
The price of a commodity increases from Rs. 5 per unit in 1990 to Rs. 7.50 per unit in 1995 and the quantity consumed decreases from 120 units in 1990 to 90 units in 1995. The price and quantity in 1995 are 150% and 75% respectively of the corresponding price and quantity in 1990. Therefore, the product of the price ratio and quantity ratio is :
a)
1.8
b)
1.125
c)
1.75
d)
None of these
Sakshi Saraogi asked • 5 hours agoThe price of a number of commodities are given below in the current year 1975 and base year 1970.
Q. For 1975 with base 1970 by the Method of price relatives using Geometrical mean. The price index is :- a)125.3
- b)124.3
- c)128.8
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
The price of a number of commodities are given below in the current year 1975 and base year 1970.
Q. For 1975 with base 1970 by the Method of price relatives using Geometrical mean. The price index is :
a)
125.3
b)
124.3
c)
128.8
d)
None of these
Sakshi Saraogi asked • 5 hours agoGiven below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)
Q. Then weighted average of price Relative Index is : - a)125.43
- b)123.3
- c)124.53
- d)124.52
Correct answer is option 'B'. Can you explain this answer?
Given below are the date on prices of some consumer goods and the weights attached to the various items Compute price index number for the year 1985 (Base 1984 = 100)
Q. Then weighted average of price Relative Index is :
a)
125.43
b)
123.3
c)
124.53
d)
124.52
Chocky Anu asked • 6 hours agoIf bank balance as per cash book differs from that appearing in the current account statement, then the balance considered for finalizing the accounts is of- a)Adjusted cash book.
- b)Cash book before any adjustments.
- c)Pass book.
- d)Not taken to final accounts in case of difference in the balance
Correct answer is option 'A'. Can you explain this answer?
If bank balance as per cash book differs from that appearing in the current account statement, then the balance considered for finalizing the accounts is of
a)
Adjusted cash book.
b)
Cash book before any adjustments.
c)
Pass book.
d)
Not taken to final accounts in case of difference in the balance
Sanjay Thakur asked • 6 hours agoThe total cost of goods available for sale with a company during the current year is Rs.12,00,000 and total sales during the period is Rs.13,00,000. If the gross profit margin of the company is 33 1/3% on cost, the closing inventory during the current year is- a)Rs. 4,00,000
- b)Rs. 3,00,000
- c)Rs. 2,25,000
- d)Rs. 2,60,000
Correct answer is option 'C'. Can you explain this answer?
The total cost of goods available for sale with a company during the current year is Rs.12,00,000 and total sales during the period is Rs.13,00,000. If the gross profit margin of the company is 33 1/3% on cost, the closing inventory during the current year is
a)
Rs. 4,00,000
b)
Rs. 3,00,000
c)
Rs. 2,25,000
d)
Rs. 2,60,000
Mansi Gupta asked • 6 hours agoA simple random sample of size 10 is drawn without replacement from a universe containing 85 units. If the mean and SD, as obtained from the sample, are 90 and 4 respectively, what is the estimate of the standard error of sample mean?- a)0.58
- b)0.63
- c)0.67
- d)0.72
Correct answer is option 'B'. Can you explain this answer?
A simple random sample of size 10 is drawn without replacement from a universe containing 85 units. If the mean and SD, as obtained from the sample, are 90 and 4 respectively, what is the estimate of the standard error of sample mean?
a)
0.58
b)
0.63
c)
0.67
d)
0.72
Archana Mahato asked • 7 hours agoM/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?
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
Anupam Suri asked • 7 hours agoThe number of words which can be formed with 2 different consonants and 1 vowel out of 7 different consonants and 3 different vowels the vowel to lie between 2 consonants is _________.- a)3 x 7 x 6
- b)2 × 3 × 7 × 6
- c)2 × 3 × 7
- d)None
Correct answer is option 'A'. Can you explain this answer?
The number of words which can be formed with 2 different consonants and 1 vowel out of 7 different consonants and 3 different vowels the vowel to lie between 2 consonants is _________.
a)
3 x 7 x 6
b)
2 × 3 × 7 × 6
c)
2 × 3 × 7
d)
None
Nischal Adhikari asked • 7 hours agoA candidate is required to answer 6 out of 12 questions which are divided into two groups containing 6 questions in each group. He is not permitted to attempt not more than four from any group. The number of choices are.- a)750
- b)850
- c)800
- d)none of these
Correct answer is option 'B'. Can you explain this answer?
A candidate is required to answer 6 out of 12 questions which are divided into two groups containing 6 questions in each group. He is not permitted to attempt not more than four from any group. The number of choices are.
a)
750
b)
850
c)
800
d)
none of these
Anupam Suri asked • 7 hours agoA committee is to be formed of 2 teachers and 3 students out of 10 teachers and 20 students. If a particular teacher is included the number of ways in which this can be done is ________.- a) 10C2 x 20C3
- b) 9C1 x 20C3
- c)10C2 x 19C3
- d)None
Correct answer is option 'B'. Can you explain this answer?
A committee is to be formed of 2 teachers and 3 students out of 10 teachers and 20 students. If a particular teacher is included the number of ways in which this can be done is ________.
a)
10C2 x 20C3
b)
9C1 x 20C3
c)
10C2 x 19C3
d)
None
Kapil Keer asked • 7 hours agoU leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of : - a)Deemed Contractual Obligations
- b)Semi Contractual Obligations
- c)Contractual Obligations
- d)Quasi – Contractual Obligations
Correct answer is option 'D'. Can you explain this answer?
U leaves his goods at V’s place who consumes them. V is bound to pay the price. V’s act of consumption of goods constitutes an implied promise to pay, under the principal of :
a)
Deemed Contractual Obligations
b)
Semi Contractual Obligations
c)
Contractual Obligations
d)
Quasi – Contractual Obligations
Stanay asked • 7 hours agoTotal cost in the short run is classified into fixed costs and variable costs. Which one of the following is a variable cost?- a)Cost of raw materials.
- b)Cost of equipment.
- c)Interest payment on past borrowings.
- d)Payment of rent on building.
Correct answer is option 'A'. Can you explain this answer?
Total cost in the short run is classified into fixed costs and variable costs. Which one of the following is a variable cost?
a)
Cost of raw materials.
b)
Cost of equipment.
c)
Interest payment on past borrowings.
d)
Payment of rent on building.
Nischal Adhikari asked • 7 hours ago A family comprised of an old man, 6 adults and 4 children is to be seated is a row with the condition that the children would occupy both the ends and never occupy either side of the old man. How many sitting arrangements are possible?- a)4! X 5! X 7!
- b)4! X 5! X 6!
- c)2! X 4! X 5! X 6!
- d)None
Correct answer is option 'A'. Can you explain this answer?
A family comprised of an old man, 6 adults and 4 children is to be seated is a row with the condition that the children would occupy both the ends and never occupy either side of the old man. How many sitting arrangements are possible?
a)
4! X 5! X 7!
b)
4! X 5! X 6!
c)
2! X 4! X 5! X 6!
d)
None
Muni Kumari asked • 7 hours ago Provision for contingencies are not made in respect of _______ since they do not relate to situation existing at the balance sheet date: - a)Unspecified business risk
- b)Certain business risk
- c)Specified business risk
- d)Uncertain business risk
Correct answer is option 'A'. Can you explain this answer?
Provision for contingencies are not made in respect of _______ since they do not relate to situation existing at the balance sheet date:
a)
Unspecified business risk
b)
Certain business risk
c)
Specified business risk
d)
Uncertain business risk
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