CA Foundation
Ujjwal Bisht asked • 16 minutes agoThere was a contract of sale of goods but the seller did not have the possession of goods. Subsequently, the buyer became insolvent without making the payment. Who will get the control of goods?- a)The seller
- b)The buyer
- c)The official receiver of buyer
- d)The court
Correct answer is option 'C'. Can you explain this answer?
There was a contract of sale of goods but the seller did not have the possession of goods. Subsequently, the buyer became insolvent without making the payment. Who will get the control of goods?
a)
The seller
b)
The buyer
c)
The official receiver of buyer
d)
The court
Shruthi Shivraj asked • 26 minutes agoS Ltd. issued 2,000, 10% Preference shares of Rs. 100 each at par, which are redeemable at a premium of 10%. For the purpose of redemption, the company issued 1,500 Equity Shares of Rs. 100 each at a premium of 20% per share. At the time of redemption of Preference shares, the amount to be transferred by the company to the Capital Redemption Reserve Account =?- a)Rs. 50,000
- b)Rs. 40,000
- c)Rs. 2,00,000
- d)Rs. 2,20,000
Correct answer is option 'A'. Can you explain this answer?
S Ltd. issued 2,000, 10% Preference shares of Rs. 100 each at par, which are redeemable at a premium of 10%. For the purpose of redemption, the company issued 1,500 Equity Shares of Rs. 100 each at a premium of 20% per share. At the time of redemption of Preference shares, the amount to be transferred by the company to the Capital Redemption Reserve Account =?
a)
Rs. 50,000
b)
Rs. 40,000
c)
Rs. 2,00,000
d)
Rs. 2,20,000
Ujjwal Bisht asked • 45 minutes agoLight Ltd. has 10,000 5% preference shares of Rs. 10 each to be redeemed after 5 years. The company forfeited 500 preference shares on which final call of Rs 2 has not been received after due notice, and cancelled these shares on account of redemption. Remaining shares were redeemed out of reserves of the company. The amount to be credited to capital redemption reserve will be- a)Rs.1,00,000
- b)Rs. 95,000
- c)Rs. 99,000
- d)Rs. 99,500
Correct answer is option 'A'. Can you explain this answer?
Light Ltd. has 10,000 5% preference shares of Rs. 10 each to be redeemed after 5 years. The company forfeited 500 preference shares on which final call of Rs 2 has not been received after due notice, and cancelled these shares on account of redemption. Remaining shares were redeemed out of reserves of the company. The amount to be credited to capital redemption reserve will be
a)
Rs.1,00,000
b)
Rs. 95,000
c)
Rs. 99,000
d)
Rs. 99,500
Priyanka Keahari asked • 50 minutes agoTotal utility derived from then consumption of a commodity is equal to Rs. 5, marginal utility is equal to 1 and consumer has bought 3 units. What will be his consumer surplus?- a)Rs. 2
- b)Rs. 2.50
- c)Rs. 3
- d)Rs. 4
Correct answer is option 'A'. Can you explain this answer?
Total utility derived from then consumption of a commodity is equal to Rs. 5, marginal utility is equal to 1 and consumer has bought 3 units. What will be his consumer surplus?
a)
Rs. 2
b)
Rs. 2.50
c)
Rs. 3
d)
Rs. 4
Sanjay Thakur asked • 52 minutes agoDuring the year 2000-2001, T Ltd. issued 20,000, 12% Preference Shares of Rs. 10 each at a premium of 5%, which are redeemable after 4 years at par. During the year 2005-2006, as the company did not have sufficient cash resources to redeem the preference shares, it issued 10,000,14% debentures of Rs. 10 each at a premium of 10%. At the time of redemption of 12% preference shares, the amount to be transferred to capital redemption reserve =?- a)Rs. 90,000
- b)Rs. 1,00,000
- c)Rs. 2,00,000
- d)Rs. 1,10,000
Correct answer is option 'C'. Can you explain this answer?
During the year 2000-2001, T Ltd. issued 20,000, 12% Preference Shares of Rs. 10 each at a premium of 5%, which are redeemable after 4 years at par. During the year 2005-2006, as the company did not have sufficient cash resources to redeem the preference shares, it issued 10,000,14% debentures of Rs. 10 each at a premium of 10%. At the time of redemption of 12% preference shares, the amount to be transferred to capital redemption reserve =?
a)
Rs. 90,000
b)
Rs. 1,00,000
c)
Rs. 2,00,000
d)
Rs. 1,10,000
Samira Shaikh asked • 1 hour agoIn 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?
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
Anupam Suri asked • 1 hour agoIf the value of correlation coefficient is positive, then the points in a scatter diagram tend to cluster- a)From lower left corner to upper right corner
- b)From lower left corner to lower right corner
- c)From lower right corner to upper left corner
- d)From lower right corner to upper right corner
Correct answer is option 'A'. Can you explain this answer?
If the value of correlation coefficient is positive, then the points in a scatter diagram tend to cluster
a)
From lower left corner to upper right corner
b)
From lower left corner to lower right corner
c)
From lower right corner to upper left corner
d)
From lower right corner to upper right corner
Mansi Behl asked • 2 hours agoOn death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ………..Account- a)Adjustment
- b)Appropriation
- c)Suspense
- d)Reserve
Correct answer is option 'C'. Can you explain this answer?
On death of a partner, his executor is paid the share of profits of the dying partner for the relevant period. This payment is recorded in Profit & Loss ………..Account
a)
Adjustment
b)
Appropriation
c)
Suspense
d)
Reserve
Deepak Shukla asked • 2 hours agoA Ltd. had 3,000, 12%. Redeemable preference shares of Rs. 100 each, fully paid up. The company issued 25,000 equity shares of Rs. 10 each at par and 1,000 14%. Debentures of Rs. 100 each. All amounts were received in full. The payment was made in full. The amount to be transferred to capital Redemption Reserve Account Rs. :- a) Nil
- b) Rs. 2,00,000
- c) Rs. 3,00,000
- d) Rs.50,000
Correct answer is option 'D'. Can you explain this answer?
a)
Nil
b)
Rs. 2,00,000
c)
Rs. 3,00,000
d)
Rs.50,000
Saurabh Bendal asked • 2 hours agoEconomic goods are considered scarce resources because they- a)cannot be increased in quantity.
- b)do not exist in adequate quantity to satisfy social requirements.
- c)are of primary importance in satisfying social requirements.
- d)are limited to man made goods.
Correct answer is option 'B'. Can you explain this answer?
Economic goods are considered scarce resources because they
a)
cannot be increased in quantity.
b)
do not exist in adequate quantity to satisfy social requirements.
c)
are of primary importance in satisfying social requirements.
d)
are limited to man made goods.
Sneha Srinivas asked • 2 hours agoA and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?
- a) Rs. 13,500
- b) Rs. 15,000
- c) Rs. 11,000
- d) Rs. 10,000
Correct answer is option 'A'. Can you explain this answer?
A and V enter into a joint venture to sell a consignment of biscuits sharing profits and losses equally. A provides biscuits from stock Rs. 10,000. He pays expenses amounting to Rs. 1,000. V incurs further expenses on carriage Rs. 1,000. He receives cash for sales Rs. 15,000. He also takes over goods to the value of Rs. 2,000. What will be the amount to be remitted by V to A?
a)
Rs. 13,500b)
Rs. 15,000c)
Rs. 11,000d)
Rs. 10,000 
Riya Verma asked • 3 hours agoOn 01.01.2001, a new plant was purchased by Mrs. Shweta Periwal for Rs 1,00,000 and a further sum of Rs 5,000 was spent on installation. On 01.06.2002, another plant was acquired for Rs 65,000. On 02.10.2003, the first plant was totally destroyed and the amount of Rs 2,500 only was realized by selling the scraps. It was not insured. On 20.10.2003, a second hand plant was purchased for Rs 75,000 and a further sum of Rs 7,500 was spent for repairs and Rs 2,500 on its erection. It came into use on 15.11.2003. Depreciation has been provided @ 10% on the original cost annually on 31st December. It was the practice to provide depreciation for full year on all acquisitions made at any time during the year and to ignore the depreciation on any time sold during the year.
In December 2003, it is decided to change the method of depreciation and to follow the rate of 15% on diminishing balance method with retrospective effect in respect of the existing items of plant and to make necessary adjustments on 31.12.2003. Q.Closing balance in Provision for Depreciation A/c = _________.... more
On 01.01.2001, a new plant was purchased by Mrs. Shweta Periwal for Rs 1,00,000 and a further sum of Rs 5,000 was spent on installation. On 01.06.2002, another plant was acquired for Rs 65,000. On 02.10.2003, the first plant was totally destroyed and the amount of Rs 2,500 only was realized by selling the scraps. It was not insured. On 20.10.2003, a second hand plant was purchased for Rs 75,000 and a further sum of Rs 7,500 was spent for repairs and Rs 2,500 on its erection. It came into use on 15.11.2003. Depreciation has been provided @ 10% on the original cost annually on 31st December. It was the practice to provide depreciation for full year on all acquisitions made at any time during the year and to ignore the depreciation on any time sold during the year.
In December 2003, it is decided to change the method of depreciation and to follow the rate of 15% on diminishing balance method with retrospective effect in respect of the existing items of plant and to make necessary adjustments on 31.12.2003.
Q.Closing balance in Provision for Depreciation A/c = _________.
Bhanu Matti asked • 3 hours agoA franchise is established when one party, the ________, licenses another party, the ________, to use the franchisor's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.- a)delegator; delegatee
- b)franchisee; franchisor
- c)franchisor; franchisee
- d)delegatee; delegator
Correct answer is option 'C'. Can you explain this answer?
A franchise is established when one party, the ________, licenses another party, the ________, to use the franchisor's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.
a)
delegator; delegatee
b)
franchisee; franchisor
c)
franchisor; franchisee
d)
delegatee; delegator
Pramanravi Ostwal asked • 3 hours agoSuppose your father decides to gift you Rs. 10,000 every year starting from today for the next five years, you deposit this amount in a bank as and when you receive and get 10% per annum interest rate compounded annually. What is the present value of this annuity? ( P(4, 0.10) = 3.16987)- a)Rs.41,698.70
- b)Rs.45,698.70
- c)Rs.42,698.70
- d)Rs.43,698.70
Correct answer is option 'A'. Can you explain this answer?
Suppose your father decides to gift you Rs. 10,000 every year starting from today for the next five years, you deposit this amount in a bank as and when you receive and get 10% per annum interest rate compounded annually. What is the present value of this annuity? ( P(4, 0.10) = 3.16987)
a)
Rs.41,698.70
b)
Rs.45,698.70
c)
Rs.42,698.70
d)
Rs.43,698.70
Vedavyas Sai asked • 3 hours agoLet R be a non-empty relation on a collection of sets defined by ARB if and only if A ∩ B = Ø Then (pick the TRUE statement)- a)R is relexive and transitive
- b)R is an equivalence relation
- c)R is symmetric and not transitive
- d)R is not relexive and not symmetric
Correct answer is option 'C'. Can you explain this answer?
Let R be a non-empty relation on a collection of sets defined by ARB if and only if A ∩ B = Ø Then (pick the TRUE statement)
a)
R is relexive and transitive
b)
R is an equivalence relation
c)
R is symmetric and not transitive
d)
R is not relexive and not symmetric
Surendar Reddy asked • 4 hours agoDecision making situations can be categorized along a scale which ranges from:- a)Certainty to risk to uncertainty to ambiguity
- b)Certainty to uncertainty to risk
- c)Certainty to risk to uncertainty
- d)Uncertainty to certainty to risk
Correct answer is option 'A'. Can you explain this answer?
Decision making situations can be categorized along a scale which ranges from:
a)
Certainty to risk to uncertainty to ambiguity
b)
Certainty to uncertainty to risk
c)
Certainty to risk to uncertainty
d)
Uncertainty to certainty to risk
RINISHA C P asked • 4 hours agoA consumer buys two commodities X and Y, he should be in equilibrium when:- a)$frac{MU_{x}}{P_{x}} = frac{MU_{y}}{P_{y}}$
- b)$frac{MU_{x}}{MU_{y}}= MU_{m}$
- c)$frac{MU_{x}}{P_{x}} = frac{MU_{y}}{P_{x}}$
- d)$frac{P_{x}}{P_{y}}= MU_{m}$
- e)
Correct answer is option 'A'. Can you explain this answer?
A consumer buys two commodities X and Y, he should be in equilibrium when:
a)
$frac{MU_{x}}{P_{x}} = frac{MU_{y}}{P_{y}}$
b)
$frac{MU_{x}}{MU_{y}}= MU_{m}$
c)
$frac{MU_{x}}{P_{x}} = frac{MU_{y}}{P_{x}}$
d)
$frac{P_{x}}{P_{y}}= MU_{m}$
e)
Mansi Behl asked • 4 hours agoAt the time of retirement of a partner, firm gets ______from the insurance company against the joint life policy taken jointly for all the partners: - a)Policy value for the retiring partner and surrender value for the rest
- b)Surrender value
- c)Policy amount
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
At the time of retirement of a partner, firm gets ______from the insurance company against the joint life policy taken jointly for all the partners:
a)
Policy value for the retiring partner and surrender value for the rest
b)
Surrender value
c)
Policy amount
d)
None of these
Abhisha Stalin asked • 5 hours agoIf the weekly wages of 5000 workers in a factory follows normal distribution with mean and SD as Rs. 700 and Rs. 50 respectively, what is the expected number of workers with wages between Rs. 660 and Rs. 720?- a)2,050
- b)2,200
- c)2,218
- d)2,300
Correct answer is option 'C'. Can you explain this answer?
If the weekly wages of 5000 workers in a factory follows normal distribution with mean and SD as Rs. 700 and Rs. 50 respectively, what is the expected number of workers with wages between Rs. 660 and Rs. 720?
a)
2,050
b)
2,200
c)
2,218
d)
2,300
Suneet Kejriwal asked • 5 hours ago__________ is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities.- a)Social obligation
- b)Social responsibility
- c)Social responsiveness
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
__________ is when a firm engages in social actions because of its obligation to meet certain economic and legal responsibilities.
a)
Social obligation
b)
Social responsibility
c)
Social responsiveness
d)
None of the above
Pavushetti Prashanth asked • 5 hours agoWhich of the following is not a contingent liability?- a)Claims against enterprises not acknowledge as debts
- b)Guarantees given in respect of the third parties
- c)Liabilities in respect of bills dishonoured
- d)Penalty imposed by Excise officer for violation of a provision of the Central Excise Act.
Correct answer is option 'D'. Can you explain this answer?
Which of the following is not a contingent liability?
a)
Claims against enterprises not acknowledge as debts
b)
Guarantees given in respect of the third parties
c)
Liabilities in respect of bills dishonoured
d)
Penalty imposed by Excise officer for violation of a provision of the Central Excise Act.
Mansi Behl asked • 5 hours agoIn the absence of proper agreement, representative of the deseased partner is entitled to the Dead partner’s share in the following items.- a)Profits till date, goodwill, joint life policy, interest on capital, share in revalued assets and liabilities.
- b)Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilities.
- c)Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilities.
- d)Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilities.
Correct answer is option 'D'. Can you explain this answer?
In the absence of proper agreement, representative of the deseased partner is entitled to the Dead partner’s share in the following items.
a)
Profits till date, goodwill, joint life policy, interest on capital, share in revalued assets and liabilities.
b)
Capital, goodwill, joint life policy, interest on capital, share in revalued assets and liabilities.
c)
Capital, profits till date, goodwill, interest on capital, share in revalued assets and liabilities.
d)
Capital, profits till date, goodwill, joint life policy, share in revalued assets and liabilities.
Bhavneet Kaur asked • 5 hours agoE contracts to marry F. Before the agreed date of marriage, E marries K. Here, F is entitled to sue E for : - a)Anticipatory Breach in an express manner
- b)Actual Breach in an express manner
- c)Anticipatory Breach in an implied manner
- d)Actual Breach in an implied manner
Correct answer is option 'C'. Can you explain this answer?
E contracts to marry F. Before the agreed date of marriage, E marries K. Here, F is entitled to sue E for :
a)
Anticipatory Breach in an express manner
b)
Actual Breach in an express manner
c)
Anticipatory Breach in an implied manner
d)
Actual Breach in an implied manner
Look carefully at the table which represents a firm's short-run total cost schedule. When output goes up from four to five shirts the marginal cost is:
Shivani Singh asked • 5 hours agoTotal sales of Star Limited for the year ended 31st March 2008 was Rs. 5,00,000, which includes goods sold to R for Rs. 5,500 at a profit of 10% on cost. Such goods are still lying in the Godown of Star Limited at the buyer’s risk. In the books of Star Limited sales would be shown as :-- a)Rs. 5,00,000
- b)Rs. 5,05,000
- c)Rs. 4,94,500
- d)Rs. 4,95,000
Correct answer is option 'A'. Can you explain this answer?
Total sales of Star Limited for the year ended 31st March 2008 was Rs. 5,00,000, which includes goods sold to R for Rs. 5,500 at a profit of 10% on cost. Such goods are still lying in the Godown of Star Limited at the buyer’s risk. In the books of Star Limited sales would be shown as :-
a)
Rs. 5,00,000
b)
Rs. 5,05,000
c)
Rs. 4,94,500
d)
Rs. 4,95,000
Ujjwal Bisht asked • 5 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
Sayuj S asked • 5 hours agoSales = Rs. 1,06,000
Sales Return = Rs. 6,000Out of Rs. 1,06,000 goods costing Rs. 10,000 were sent on approval for Rs. 12,000 which have not been approved yet. Calculate Net Sales. - a)Rs. 1,00,000
- b)Rs. 88,000
- c)Rs. 1,12,000
- d)Rs. 18,000
Correct answer is option 'B'. Can you explain this answer?
Sales = Rs. 1,06,000
Sales Return = Rs. 6,000
Sales Return = Rs. 6,000
Out of Rs. 1,06,000 goods costing Rs. 10,000 were sent on approval for Rs. 12,000 which have not been approved yet. Calculate Net Sales.
a)
Rs. 1,00,000
b)
Rs. 88,000
c)
Rs. 1,12,000
d)
Rs. 18,000
Alok Jayant asked • 5 hours agoThe price of a number of commodities are given below in the current year 1975 and base year 1970.
For 1975 with base 1970 by the Method of price relatives 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.
For 1975 with base 1970 by the Method of price relatives Geometrical mean, the price index is:
For 1975 with base 1970 by the Method of price relatives Geometrical mean, the price index is:
a)
125.3
b)
124.3
c)
128.8
d)
None of these
Shivani Nilapwar asked • 6 hours agoIf f(x) =4-2x/2 3x 3x^2 then the values of x for which F'(x) =0 is?
Pardeep Kumar Kumar asked • 6 hours agoPreference shares amounting to Rs. 2,00,000 are redeemed at a premium of 5%, by issue of shares amounting to Rs. 1,00,000 at a premium of 10%. The amount to be transferred to capital redemption reserve =?- a)Rs. 1,05,000
- b)Rs. 1,00,000
- c)Rs. 2,00,000
- d)Rs. 1,11,000
Correct answer is option 'B'. Can you explain this answer?
Preference shares amounting to Rs. 2,00,000 are redeemed at a premium of 5%, by issue of shares amounting to Rs. 1,00,000 at a premium of 10%. The amount to be transferred to capital redemption reserve =?
a)
Rs. 1,05,000
b)
Rs. 1,00,000
c)
Rs. 2,00,000
d)
Rs. 1,11,000
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