CA Foundation
Shobhit Maheshwari asked • just nowOn solving the inequalities 6x + y ≥ 18, x + 4y ≥ 12, 2x + y≤ 10, we get the following situation:- a)(0,18), (12,0), (4,2), &(7,6)
- b)(3,0),(0,3),(4,2),&(7,6)
- c)(5,0),(0,10),(4,2)&(7,6)
- d)(0,18),(12,0),(4,2),(0,0) and (7,6)
Correct answer is option 'A'. Can you explain this answer?
On solving the inequalities 6x + y ≥ 18, x + 4y ≥ 12, 2x + y≤ 10, we get the following situation:
a)
(0,18), (12,0), (4,2), &(7,6)
b)
(3,0),(0,3),(4,2),&(7,6)
c)
(5,0),(0,10),(4,2)&(7,6)
d)
(0,18),(12,0),(4,2),(0,0) and (7,6)
Himanshu Joshi asked • 32 minutes agoA and B having shares capital of Rs.20,000 each, share profit and losses equally. They admit C as an equal partner and goodwill was valued as Rs. 30,000 (book value NIL). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill Account will not remain in the books. If profit on revaluation is Rs. 13,000, find the closing balance of the capital account- a)Rs.31,500: Rs.31,500: Rs.20,000
- b)Rs.31,500: Rs.31,500: Rs.30,000
- c)Rs.26,500: Rs.26,500: Rs.30,000
- d)Rs.20,000: Rs.20,000: Rs.20,000
Correct answer is option 'A'. Can you explain this answer?
A and B having shares capital of Rs.20,000 each, share profit and losses equally. They admit C as an equal partner and goodwill was valued as Rs. 30,000 (book value NIL). C is to bring in Rs. 20,000 as his capital and the necessary cash towards his share of Goodwill. Goodwill Account will not remain in the books. If profit on revaluation is Rs. 13,000, find the closing balance of the capital account
a)
Rs.31,500: Rs.31,500: Rs.20,000
b)
Rs.31,500: Rs.31,500: Rs.30,000
c)
Rs.26,500: Rs.26,500: Rs.30,000
d)
Rs.20,000: Rs.20,000: Rs.20,000
Pawan Kumar asked • 1 hour agoD Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :On application Rs.20On allotment Rs.50 (including premium)On first call Rs.30On second and final call Rs.20Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of E’s forfeited shares being reissued. Q.Net balance in Share Capital Account = ________.... more
D Ltd. issued 2,00,000 shares of Rs.100 each at a premium of Rs.20 per share payable as follows :
On application Rs.20
On allotment Rs.50 (including premium)
On first call Rs.30
On second and final call Rs.20
Applications were received for 3,00,000 shares and pro rata allotment was made to applicants of 2,40,000 shares. Money excess received on application was employed on account of sum due on allotment as part of share capital. E, to whom 4,000 shares were allotted, failed to pay the allotment money and on his subsequent failure to pay the first call, his shares were forfeited and F, the holder of 6,000 shares failed to pay the two calls and his shares were forfeited after the second call. Of the forfeited shares, 8,000 shares were reissued to G at a discount of 10%, the whole of E’s forfeited shares being reissued.
Q.Net balance in Share Capital Account = ________.
Vedavyas Sai asked • 1 hour agoContingency theory of leadership are based on the belief that- a)There is no single style of leadership appropriate to all situations
- b)There is a single style of leadership appropriate to all situations
- c)There is a single style of leadership appropriate to all managers
- d)None of the above.
Correct answer is option 'A'. Can you explain this answer?
Contingency theory of leadership are based on the belief that
a)
There is no single style of leadership appropriate to all situations
b)
There is a single style of leadership appropriate to all situations
c)
There is a single style of leadership appropriate to all managers
d)
None of the above.
Sonali Gupta asked • 1 hour agoAs per the accepted view, the registration of the firm is considered complete when- a)Complete application for registration is filed with the Registrar.
- b)Registrar files the statement and makes entries in the Register of Firms.
- c)Registrar gives notice of registration to all partners.
- d)Court records the statement and certifies the entries in Register of Firms.
Correct answer is option 'B'. Can you explain this answer?
As per the accepted view, the registration of the firm is considered complete when
a)
Complete application for registration is filed with the Registrar.
b)
Registrar files the statement and makes entries in the Register of Firms.
c)
Registrar gives notice of registration to all partners.
d)
Court records the statement and certifies the entries in Register of Firms.
Soumi Choudhuri asked • 2 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
Suma Latha asked • 4 hours agoRobert, who is a sleeping partner in the firm wanted to inspect the books of accounts of the partnership firm due to certain allegations of financial impropriety by some of the partners. The other partners in the firm objected to the same and denied access to books of accounts. The action of the other partners is -----------.- a)Not correct since Robert has right of access to books of accounts
- b)Valid since Robert is a sleeping partner who has no such rights
- c)Valid since a partner has no right to access to access to books of accounts
- d)Valid since the reason cited by Robert is unacceptable.
Correct answer is option 'A'. Can you explain this answer?
Robert, who is a sleeping partner in the firm wanted to inspect the books of accounts of the partnership firm due to certain allegations of financial impropriety by some of the partners. The other partners in the firm objected to the same and denied access to books of accounts. The action of the other partners is -----------.
a)
Not correct since Robert has right of access to books of accounts
b)
Valid since Robert is a sleeping partner who has no such rights
c)
Valid since a partner has no right to access to access to books of accounts
d)
Valid since the reason cited by Robert is unacceptable.
the coefficient of correlation between x and y is
Harsh Solanki asked • 6 hours agoWhich one of the following is not correct for deductive method:- a)Law of diminishing marginal utility analysis is based on deductive method
- b)Law of demand is based upon deductive method
- c)Deductive method proceeds from particular to general
- d)It is also called abstract or analytical or priori method.
Correct answer is option 'C'. Can you explain this answer?
Which one of the following is not correct for deductive method:
a)
Law of diminishing marginal utility analysis is based on deductive method
b)
Law of demand is based upon deductive method
c)
Deductive method proceeds from particular to general
d)
It is also called abstract or analytical or priori method.
Shah Sajid asked • 6 hours agoA party entitled to rescind the contract, loses the remedy where- a)he has ratified the contract
- b)third party has acquired right in good faith
- c)contract is not separable and rescission is sought of a part only
- d)all of these.
Correct answer is option 'D'. Can you explain this answer?
A party entitled to rescind the contract, loses the remedy where
a)
he has ratified the contract
b)
third party has acquired right in good faith
c)
contract is not separable and rescission is sought of a part only
d)
all of these.
Ujjwal Bisht asked • 7 hours agoWhen adjusted purchase is shown on the debit column of the trial balance then- a)Both opening stock and closing inventory do not appear in the trial balance
- b)Closing inventory is shown in the trial balance and not the opening inventory
- c)Opening inventory is shown in the trial balance and not the closing inventory
- d)Both opening and closing inventory appear in the trial balance
Correct answer is option 'B'. Can you explain this answer?
When adjusted purchase is shown on the debit column of the trial balance then
a)
Both opening stock and closing inventory do not appear in the trial balance
b)
Closing inventory is shown in the trial balance and not the opening inventory
c)
Opening inventory is shown in the trial balance and not the closing inventory
d)
Both opening and closing inventory appear in the trial balance
Rajashri Prabhu asked • 7 hours agoWhat is the total amount accumulated after three years if someone invests $1,000 today with a simple annual interest rate of 5 percent? With a compound annual interest rate of 5 percent?- a)$1,150, $1,103
- b)$1,110, $1,158
- c)$1,150, $1,158
- d)$1,110, $1,103
Correct answer is option 'C'. Can you explain this answer?
What is the total amount accumulated after three years if someone invests $1,000 today with a simple annual interest rate of 5 percent? With a compound annual interest rate of 5 percent?
a)
$1,150, $1,103
b)
$1,110, $1,158
c)
$1,150, $1,158
d)
$1,110, $1,103
Taha Merchant asked • 7 hours 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?
Akash Kumar asked • 8 hours ago'P' for sale of a property appoints 'Q' as a mediator with a commission of Rs.20,000. 'Q' found the customer 'R' who paid Rs. 50,000 as an advance to 'Q'. Later 'P' refuses to sell the property. Can 'R' claim advance back from' Q'?- a) Yes 'R' can claim his amount from 'Q'
- b)No 'R' cannot claim any amount from 'Q'
- c)Whole the contract is void
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
'P' for sale of a property appoints 'Q' as a mediator with a commission of Rs.20,000. 'Q' found the customer 'R' who paid Rs. 50,000 as an advance to 'Q'. Later 'P' refuses to sell the property. Can 'R' claim advance back from' Q'?
a)
Yes 'R' can claim his amount from 'Q'
b)
No 'R' cannot claim any amount from 'Q'
c)
Whole the contract is void
d)
None of these
Jeewan Dhobi asked • 9 hours agoA partner can retire on_____________- a)Reaching the age of superannuation
- b)On the balance in the capital account reaching a certain amount
- c)In accordance with the Partnership Deed
- d)On the condition of his nominee becoming a partner
Correct answer is option 'C'. Can you explain this answer?
A partner can retire on_____________
a)
Reaching the age of superannuation
b)
On the balance in the capital account reaching a certain amount
c)
In accordance with the Partnership Deed
d)
On the condition of his nominee becoming a partner
Shivani Nilapwar asked • 10 hours agoIf f(x) =4-2x/2 3x 3x^2 then the values of x for which F'(x) =0 is?
Sakshi Gupta asked • 11 hours agoConsumer price index number goes up from 110 to 200 and the Salary of a worker is also raised from Rs. 325 to Rs. 500. Therefore, in real terms he has not gain, to maintain his previous standard of living he should get an additional amount is :- a)Rs. 85
- b)Rs.90.91
- c)Rs. 98.25
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
Consumer price index number goes up from 110 to 200 and the Salary of a worker is also raised from Rs. 325 to Rs. 500. Therefore, in real terms he has not gain, to maintain his previous standard of living he should get an additional amount is :
a)
Rs. 85
b)
Rs.90.91
c)
Rs. 98.25
d)
None of these
Sakshi Saraogi asked • 11 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
Sonal Maheshwari asked • 11 hours agoIn 1996 the average price of a commodity was 20% more than in 1995 but 20% less than in 1994; and more over it was 50% more than in 1997 to price relatives using 1995 as base (1995 price relative 100) Reduce the data is :- a)150, 100, 120, 80 for (1994–97)
- b)135, 100, 125, 87 for (1994–97)
- c)140, 100, 120, 80 for (1994–97)
- d)None of these.
Correct answer is option 'A'. Can you explain this answer?
In 1996 the average price of a commodity was 20% more than in 1995 but 20% less than in 1994; and more over it was 50% more than in 1997 to price relatives using 1995 as base (1995 price relative 100) Reduce the data is :
a)
150, 100, 120, 80 for (1994–97)
b)
135, 100, 125, 87 for (1994–97)
c)
140, 100, 120, 80 for (1994–97)
d)
None of these.
Sonu Choudhary asked • 11 hours agoWhen we study saving rates are high or low we study A macro B micro?
Break Boy Rupesh asked • 11 hours agoThe following data relate to the heights of 10 pairs of fathers and sons:
(175, 173), (172, 172), (167, 171), (168, 171), (172, 173), (171, 170), (174, 173), (176, 175), (169, 170), (170, 173)
The regression equations of height of son on that of father is given by- a)y =100 + 5x
- b) y=99.708+0.405x
- c)y=89.653+0.582x
- d) y=88.758+0.562x
Correct answer is option 'B'. Can you explain this answer?
The following data relate to the heights of 10 pairs of fathers and sons:
(175, 173), (172, 172), (167, 171), (168, 171), (172, 173), (171, 170), (174, 173), (176, 175), (169, 170), (170, 173)
The regression equations of height of son on that of father is given by
(175, 173), (172, 172), (167, 171), (168, 171), (172, 173), (171, 170), (174, 173), (176, 175), (169, 170), (170, 173)
The regression equations of height of son on that of father is given by
a)
y =100 + 5x
b)
y=99.708+0.405x
c)
y=89.653+0.582x
d)
y=88.758+0.562x
mystique - asked • 12 hours agoKumar draws a bill on Rajat for Rs. 50,000 for mutual accommodation in the ratio of 3:2. Rajat accepted the bill. Kumar got it discounted for Rs. 47,500. How much money should Kumar remit to Rajat?- a)Rs. 28,500
- b)Rs. 19,000
- c)Rs. 30,000
- d)Rs. 20,000
Correct answer is option 'B'. Can you explain this answer?
Kumar draws a bill on Rajat for Rs. 50,000 for mutual accommodation in the ratio of 3:2. Rajat accepted the bill. Kumar got it discounted for Rs. 47,500. How much money should Kumar remit to Rajat?
a)
Rs. 28,500
b)
Rs. 19,000
c)
Rs. 30,000
d)
Rs. 20,000
Mihir Harwani asked • 12 hours ago A draws a bill on B for Rs. 50,000 for 3 months. At maturity, the bill returned dishonoured noting charges Rs. 500. 40 paise in a rupee is recovered from B’s estate. The amount of deficiency to recoded on insolvency in books of B will be:- a)Rs. 20,200
- b)Rs. 30,300
- c)Rs. 19,800
- d)Rs. 19,000
Correct answer is option 'B'. Can you explain this answer?
A draws a bill on B for Rs. 50,000 for 3 months. At maturity, the bill returned dishonoured noting charges Rs. 500. 40 paise in a rupee is recovered from B’s estate. The amount of deficiency to recoded on insolvency in books of B will be:
a)
Rs. 20,200
b)
Rs. 30,300
c)
Rs. 19,800
d)
Rs. 19,000
Ayesha Ifra asked • 12 hours ago LT Ltd. purchased land and building from AB Ltd. for a book value of Rs.22,00,000. The consideration was paid by issue of 12% Debentures of Rs.100 each at a premium of 10%. The Debentures A/C is credited by_____.- a)Rs.22,00,000
- b) Rs.20,00,000
- c)Rs.24,20,000
- d)Rs.25,20,000
Correct answer is option 'C'. Can you explain this answer?
LT Ltd. purchased land and building from AB Ltd. for a book value of Rs.22,00,000. The consideration was paid by issue of 12% Debentures of Rs.100 each at a premium of 10%. The Debentures A/C is credited by_____.
a)
Rs.22,00,000
b)
Rs.20,00,000
c)
Rs.24,20,000
d)
Rs.25,20,000
Sumit Sharma asked • 12 hours agoThe total of Discount column on the debit side of cash book is transferred to____- a)Credit side of Discount allowed A/c
- b)Credit side of Discount received A/c
- c)Debit side of Discount allowed A/c
- d)Debit side of Discount received A/c
Correct answer is option 'C'. Can you explain this answer?
The total of Discount column on the debit side of cash book is transferred to____
a)
Credit side of Discount allowed A/c
b)
Credit side of Discount received A/c
c)
Debit side of Discount allowed A/c
d)
Debit side of Discount received A/c
Ayesha Ifra asked • 12 hours agoA trader has an opening inventory of Rs.70,000 on 1.1.2016, which consists of a slow moving item costing Rs.10,000 and was written off by 2,000. This item was sold for Rs.9,000 during the year. Barring this transaction, the gross profit on sales for the year 2016-17 remained at 20%.The sales and purchases during the year amounted to Rs.5,09,000 & Rs.3,78,000 respectively. Find the value of closing inventory on 31.03.2017.- a)Rs.44,000
- b)Rs.38,000
- c)Rs.40,000
- d)Rs.42,000
Correct answer is option 'C'. Can you explain this answer?
A trader has an opening inventory of Rs.70,000 on 1.1.2016, which consists of a slow moving item costing Rs.10,000 and was written off by 2,000. This item was sold for Rs.9,000 during the year. Barring this transaction, the gross profit on sales for the year 2016-17 remained at 20%.The sales and purchases during the year amounted to Rs.5,09,000 & Rs.3,78,000 respectively. Find the value of closing inventory on 31.03.2017.
a)
Rs.44,000
b)
Rs.38,000
c)
Rs.40,000
d)
Rs.42,000
Aman Kumar asked • 12 hours agoP & Q entered into a joint venture. P purchased 5,000 units of goods at Rs.30 each. Q sold Rs.4,800 units at Rs.50 each. The remaining goods were taken over by Q at a value of Rs.5,000. P is allowed a commission of 2% on purchases and Q is allowed a commission of 1% on sales. Find the share of Q in the profit of joint venture.- a)Rs.46,300
- b)Rs.44,800
- c)Rs.46,000
- d)Rs.45,000
Correct answer is option 'B'. Can you explain this answer?
P & Q entered into a joint venture. P purchased 5,000 units of goods at Rs.30 each. Q sold Rs.4,800 units at Rs.50 each. The remaining goods were taken over by Q at a value of Rs.5,000. P is allowed a commission of 2% on purchases and Q is allowed a commission of 1% on sales. Find the share of Q in the profit of joint venture.
a)
Rs.46,300
b)
Rs.44,800
c)
Rs.46,000
d)
Rs.45,000
Praveen Vj Yadhav Vj Yad asked • 12 hours agoErrors of carry forward from one year to another affects?
Bhanu Matti asked • 13 hours agoWhen we are not concerned with the magnitude of the two variables under discussion, we consider- a)Rank correlation coefficient
- b)Product moment correlation coefficient
- c)Coefficient of concurrent deviation
- d)(a) or (b) but not (c)
Correct answer is option 'C'. Can you explain this answer?
When we are not concerned with the magnitude of the two variables under discussion, we consider
a)
Rank correlation coefficient
b)
Product moment correlation coefficient
c)
Coefficient of concurrent deviation
d)
(a) or (b) but not (c)
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