CA Foundation
If the price decreases from 80 to 60 and elasticity of demand is 1.25 then?
Shubha .k answered • 2 hours agoIf the elasticity is more than 1 , the demand is said to be elastic!!
The debit note issued are used to prepare- a)Sales return book
- b)Purchase Return Book
- c)Sales book
- d)Purchases book
Correct answer is option 'B'. Can you explain this answer?
The debit note issued are used to prepare
a)
Sales return book
b)
Purchase Return Book
c)
Sales book
d)
Purchases book
Aman Kejriwal answered • 8 hours agoDebit note is prepared when materials are returned to the supplier informing him that his account has been debited.
So Debit note is used to record transactions in the purchase return book.
Taha Merchant asked • 31 minutes agoX who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.ii. Purchases during the same period as per Purchases Book are Rs 120.iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April. Q.How would you adjust the observation # 4?... more
X who was closing his books on 31.03.2006 failed to take the actual stock which he did on 9th April, when it was ascertained by him to be worth Rs 25,000.
It was found that sales are entered in the Sales Day Book on the same day of despatch and the returns inward in the returns book as and when the goods are received back. Purchases are entered in the Purchase Day Book once the invoices are received. Observations -
i. Sales between 31st March and 9th April as per Sales Book are Rs 1,720. Rate of gross profit is 33 1/3 % on cost.
ii. Purchases during the same period as per Purchases Book are Rs 120.
iii. Out of above purchases, goods amounting to Rs 50 were not received until after the stock was taken.
iv. Goods invoiced during the month of March, but goods received only on 4th April, amounted to Rs 100.
You want to find the value of physical stock on 31st March. You start with the value of stock on 9th April.
Q.How would you adjust the observation # 4?
Sowmya Soma asked • 41 minutes ago On March 31, 2011 after sale of goods worth Rs. 2,000, he is left with the closing inventory of Rs. 10,000. This is- a)An event
- b)A transaction.
- c)A transaction as well as an event.
- d)Neither a transaction nor an event
Correct answer is option 'A'. Can you explain this answer?
On March 31, 2011 after sale of goods worth Rs. 2,000, he is left with the closing inventory of Rs. 10,000. This is
a)
An event
b)
A transaction.
c)
A transaction as well as an event.
d)
Neither a transaction nor an event
Praveen Mishra asked • 1 hour agoThe mean and SD for a group of 100 observations are 65 and 7.03 respectively. If 60 of these observations have mean and SD as 70 and 3 respectively, what is the SD for the group comprising 40 observations?- a)16
- b)25
- c)4
- d)2
Correct answer is option 'C'. Can you explain this answer?
The mean and SD for a group of 100 observations are 65 and 7.03 respectively. If 60 of these observations have mean and SD as 70 and 3 respectively, what is the SD for the group comprising 40 observations?
a)
16
b)
25
c)
4
d)
2
Ranjeet Singh asked • 1 hour agoClassify the following expenditures and receipts as capital or revenue:Q.Amount of Rs. 5,000 spent as lawyers’ fee to defend a suit claiming that the firm’s factory site belonged to the plaintiff’s land.- a)Capital expenditures
- b)Revenue expenditures
- c)Deferred revenue expenditures
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
Classify the following expenditures and receipts as capital or revenue:
Q.Amount of Rs. 5,000 spent as lawyers’ fee to defend a suit claiming that the firm’s factory site belonged to the plaintiff’s land.
a)
Capital expenditures
b)
Revenue expenditures
c)
Deferred revenue expenditures
d)
None of the above
Rishabh Sharma asked • 1 hour agoarun and anand were friends and in need of funds on 1st jan arun drew a bill for rs 200000 for 3 months on anand on 4th jan arun got the bill discounted @10% p.a and remitted half of the proceed to anand. at maturity anand could not meet the bill instead. arun accepted anand bill for rs 120000 on 4th april for two months. this was discounted by anand @ 12% p.a. out of this rs 19600 was paid to arun after deducting rs 400 discounting charges. due to financial crisis . arun became insolvent and the bill drawn on him was dishonoured and his estate paid 50% days of grace for discount purpose may be ignored. give jouranl entries in books of arun and anand?
Ujjwal Bisht asked • 2 hours agoOn 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will be- a)Rs. 2,350
- b)Rs. 2,000
- c)Rs. 2,200
- d)Rs. 2,150
Correct answer is option 'B'. Can you explain this answer?
On 31st March 2009, Suraj has to pay to M/s Chandra Rs.7,000 on account of credit purchase from the later. He paid Rs.1,800 on 30th June 2009 after availing a cash discount of 10%. On 30th September 2009, he paid Rs. 2,850 after availing 5% cash discount. On account of final settlement, the amount to be paid by Suraj without any discount will be
a)
Rs. 2,350
b)
Rs. 2,000
c)
Rs. 2,200
d)
Rs. 2,150
can be proved to be
Divya Khurana asked • 2 hours ago Which of the following statements is not true?- a)Noting charges are expenses of drawer
- b)The bill of exchange must contain an order to pay
- c)The drawer and payee can be same person
- d)A bill of exchange can be endorsed (i.e. passed on to another person)
Correct answer is option 'A'. Can you explain this answer?
Which of the following statements is not true?
a)
Noting charges are expenses of drawer
b)
The bill of exchange must contain an order to pay
c)
The drawer and payee can be same person
d)
A bill of exchange can be endorsed (i.e. passed on to another person)
Kajal asked • 2 hours ago If a machine is purchased for Rs. 5,00,000 on 1st April, 2002 on hire-purchase basis. What is the average due date, if amount is repaid in 5 yearly annual instalments starting from 1thApril, 2003- a)1.4.05
- b)1.4.07
- c)1.4.03
- d)none
Correct answer is option 'A'. Can you explain this answer?
If a machine is purchased for Rs. 5,00,000 on 1st April, 2002 on hire-purchase basis. What is the average due date, if amount is repaid in 5 yearly annual instalments starting from 1thApril, 2003
a)
1.4.05
b)
1.4.07
c)
1.4.03
d)
none
.
Sathakshi Sivam asked • 2 hours agoJan plans to invest an equal amount of $2,000 in an equity fund every year-end beginning this year. The expected annual return on the fund is 15 percent. She plans to invest for 20 years. How much could she expect to have at the end of 20 years?- a)$237,620
- b)$176,424
- c)$204,887
- d)$178,424
Correct answer is option 'C'. Can you explain this answer?
Jan plans to invest an equal amount of $2,000 in an equity fund every year-end beginning this year. The expected annual return on the fund is 15 percent. She plans to invest for 20 years. How much could she expect to have at the end of 20 years?
a)
$237,620
b)
$176,424
c)
$204,887
d)
$178,424
Cool Karthik asked • 2 hours ago(Direction 4 - 27) Write down the correct answers. Each question carries 2 marks.Q. What is the standard deviation of the number of recoveries among 48 patients when the probability of recovering is 0.75?- a)36.
- b)81.
- c)9.
- d)3.
Correct answer is option 'D'. Can you explain this answer?
(Direction 4 - 27) Write down the correct answers. Each question carries 2 marks.
Q. What is the standard deviation of the number of recoveries among 48 patients when the probability of recovering is 0.75?
a)
36.
b)
81.
c)
9.
d)
3.
Himanshu Joshi asked • 2 hours agoA bill of 12,000 was discounted by A with the banker for 11,880. At maturity, the bill returned dishonoured, noting charges Rs.20. How much amount will the bank deduct from A’s bank balance at the time of such dishonour?- a)Rs.12,000
- b)Rs.11,800
- c)Rs.12,020
- d)Rs.11,900
Correct answer is option 'C'. Can you explain this answer?
A bill of 12,000 was discounted by A with the banker for 11,880. At maturity, the bill returned dishonoured, noting charges Rs.20. How much amount will the bank deduct from A’s bank balance at the time of such dishonour?
a)
Rs.12,000
b)
Rs.11,800
c)
Rs.12,020
d)
Rs.11,900
Prasanna Reddy asked • 4 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
Pvs Chaitanya asked • 4 hours agoC of Chennai sent goods costing Rs.6,00,000 to Delhi. These goods were to be sold at cost plus 33 1/3%. The consignee sent advance to consigner as a % of sales value and A sent accordingly Rs.4,80,000. What is the percentage of such advance on sales value?- a)75%
- b)50%
- c)60%
- d)25%
Correct answer is option 'C'. Can you explain this answer?
C of Chennai sent goods costing Rs.6,00,000 to Delhi. These goods were to be sold at cost plus 33 1/3%. The consignee sent advance to consigner as a % of sales value and A sent accordingly Rs.4,80,000. What is the percentage of such advance on sales value?
a)
75%
b)
50%
c)
60%
d)
25%
Priyanka Tiwari asked • 5 hours agoThe profits for the last three years are 2002-03 Rs. 42,500; 2003-04 Profits Rs. 56,000 & 2004-05 Profits Rs. 68,000. The total assets of the firm are Rs. 11,52,500 and the total liabilities of the firm are Rs. 10,00,000 of which outsiders liabilities is Rs. 5,00,000.The rate of interest expected from capital invested is 10%. Calculate the value of goodwill on capitalization basis.- a)Rs. 97,000.
- b)Rs. 97,250.
- c)Rs. 97,500.
- d)Rs. 97,750.
Correct answer is option 'C'. Can you explain this answer?
The profits for the last three years are 2002-03 Rs. 42,500; 2003-04 Profits Rs. 56,000 & 2004-05 Profits Rs. 68,000. The total assets of the firm are Rs. 11,52,500 and the total liabilities of the firm are Rs. 10,00,000 of which outsiders liabilities is Rs. 5,00,000.The rate of interest expected from capital invested is 10%. Calculate the value of goodwill on capitalization basis.
a)
Rs. 97,000.
b)
Rs. 97,250.
c)
Rs. 97,500.
d)
Rs. 97,750.
Soumi Choudhuri asked • 6 hours agoA bought goods of the value of Rs 10000 and consigned them to B to be sold by them on a joint venture, profits being divided equally, A paid Rs 1000 for freight and insurance. A draws a bill on B for Rs 10000. A got it discounted at Rs 9500. B sold the goods for Rs 15000. Commission payable to B, Rs 500. The amount to be remitted by B to A will be:- a)Rs.12500
- b)Rs.13000
- c)Rs.14500
- d)Rs.13500
Correct answer is option 'B'. Can you explain this answer?
A bought goods of the value of Rs 10000 and consigned them to B to be sold by them on a joint venture, profits being divided equally, A paid Rs 1000 for freight and insurance. A draws a bill on B for Rs 10000. A got it discounted at Rs 9500. B sold the goods for Rs 15000. Commission payable to B, Rs 500. The amount to be remitted by B to A will be:
a)
Rs.12500
b)
Rs.13000
c)
Rs.14500
d)
Rs.13500
Komal Patel asked • 7 hours agoWhich type of sales promotion is used when a manufacturer places one small bottle of shampoo in a clear bag and hangs it from the door of each house in a neighborhood?- a)A sample
- b)A deal
- c)A premium
- d)An introductory offer
Correct answer is option 'A'. Can you explain this answer?
Which type of sales promotion is used when a manufacturer places one small bottle of shampoo in a clear bag and hangs it from the door of each house in a neighborhood?
a)
A sample
b)
A deal
c)
A premium
d)
An introductory offer
Abhinav Singh asked • 8 hours agoOn 1st January 2006, Vimal sold goods worth Rs. 20,000 to Renu and drew a bill on Renu for 3 months. Renu accepted the bill and returned it to Vimal who discounted the bill with, bank on 4th February 2006 @ 15% p.a. The discounting charges will be:- a)Rs.3,000
- b)Rs. 750
- c)Rs. 500
- d)None
Correct answer is option 'C'. Can you explain this answer?
On 1st January 2006, Vimal sold goods worth Rs. 20,000 to Renu and drew a bill on Renu for 3 months. Renu accepted the bill and returned it to Vimal who discounted the bill with, bank on 4th February 2006 @ 15% p.a. The discounting charges will be:
a)
Rs.3,000
b)
Rs. 750
c)
Rs. 500
d)
None
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