CA Foundation
What are the limitations of a Free enterprise system?
- a)High taxation and less incentive to work hard
- b)There are no limitations
- c)Restrictions on personal freedoms
- d)Uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products
Correct answer is option 'D'. Can you explain this answer?
What are the limitations of a Free enterprise system?
a)
High taxation and less incentive to work hard
b)
There are no limitations
c)
Restrictions on personal freedoms
d)
Uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products
PAYAL SURESH GOKHE answered • 4 hours agoCorrect Answer :- D
Explanation : A free enterprise system, or capitalism, has the specific downfall of uneven distribution of resources, consumer difficulty in obtaining information, and health-risk products. The main goal of the capitalist world is to allow anyone to get up to the top of the world by their own efforts. In reality, only a few people do that.
This is mainly because the resources are expensive. If there are people that have it all, they can get it for cheap because they can make the purchase that will last for a long while before they have to buy it again.
However, capitalism is all about the money! If you can make money on it, then that’s all you need to worry about it. For this reason, companies made it incredibly hard to find information about their products way back in the day. Nowadays, that’s not too hard to find.
Directions: Use the table below to answer the question.
Q. The marginal cost of the sixth unit of output is- a)Rs. 133
- b)Rs. 75
- c)Rs. 80
- d)Rs. 450
Correct answer is option 'C'. Can you explain this answer?
Directions: Use the table below to answer the question.
Q. The marginal cost of the sixth unit of output is
a)
Rs. 133
b)
Rs. 75
c)
Rs. 80
d)
Rs. 450
MANEESHA.N.K answered • 4 hours agoCorrect Answer :- c
Explanation : In the above table,
MC = 690 - 610 = 80.
Alok Jayant asked • 36 minutes agoNet monthly salary of an employee was Rs. 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If he has to be rightly compensated, then the Dearness Allowance to be paid to the employee is: - a)Rs. 4,200
- b)Rs. 4,500
- c)Rs. 4,900
- d)Rs. 7,500
Correct answer is option 'B'. Can you explain this answer?
Net monthly salary of an employee was Rs. 3000 in 1980. The consumer price index number in 1985 is 250 with 1980 as base year. If he has to be rightly compensated, then the Dearness Allowance to be paid to the employee is:
a)
Rs. 4,200
b)
Rs. 4,500
c)
Rs. 4,900
d)
Rs. 7,500
The total of the Sales Book is posted to- a)The credit of the Sales Account.
- b)Credit of the Purchases Account,
- c)Credit of the Capital Account
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
The total of the Sales Book is posted to
a)
The credit of the Sales Account.
b)
Credit of the Purchases Account,
c)
Credit of the Capital Account
d)
None of the above
Sanjana Shetty answered • 4 hours agoSales book is a subsidiary book that records all the credit sales of the goods. It is totalled normally on a monthly basis and the total will be posted to the credit side of the Sales A/c. The total of the Sales book is not entered but posted to the Sales A/c because it is transferred from the sales book.
Total of the Purchase Return Book is posted to the ______ side of Purchase Return Account in the ledger:- a)Debit
- b)Credit
- c)No where
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
Total of the Purchase Return Book is posted to the ______ side of Purchase Return Account in the ledger:
a)
Debit
b)
Credit
c)
No where
d)
None of these.
KASHMEERA B SASEENDRAN answered • 4 hours agoPurchase return day book is also called as Purchase return book or Purchase return journal or Purchase return register. All purchase return vouchers are recorded in purchase return day book. The totals of purchase returns book is posted to the ledger on credit side of the Purchases return A/c.
Total of Sales Book will be posted :- a)In Debit side of Sales Account
- b)In Credit side of purchases account
- c)In Credit side of Sales Account
- d)In Debit side of Sales return account
Correct answer is option 'C'. Can you explain this answer?
Total of Sales Book will be posted :
a)
In Debit side of Sales Account
b)
In Credit side of purchases account
c)
In Credit side of Sales Account
d)
In Debit side of Sales return account
BHAGYASHREE DATTA MANE answered • 4 hours agoSales book is a subsidiary book that records all the credit sales of the goods. It is totalled normally on a monthly basis and the total will be posted to the credit side of the Sales A/c. The total of the Sales book is not entered but posted to the Sales A/c because it is transferred from the sales book.
Among the examinees in a examination 30% 35% and 45% failed in statistics, in mathematics and in at least some of the subjects respectively. An examinee is selected at a random. Find the probability that he failed in mathemat... more
Srushti Zadrao answered • 4 hours agoP(s) = 30% ; p(M) = 35% ;
p(s or m) = 45%
p(s or m) = p(S) + P(M) - p(s and m)
45% = 30% + 35% - p(s and m)
p(s and m) = 65%- 45% = 20%
probability that he failed in mathematics only is p(M or S')
P( M OR S') = P(M) - P( M OR S)
P(M OR S') = 35% - 20% = 15%= 0.15
Shah Dhruv asked • 1 hour agoWhich of the following statements is not true about minor’s position in a firm?- a)He cannot become a partner in an existing firm.
- b)He can become a partner in an existing firm.
- c)He can be admitted only to the benefits of any existing firm.
- d)He can become partner on becoming a major.
Correct answer is option 'B'. Can you explain this answer?
Which of the following statements is not true about minor’s position in a firm?
a)
He cannot become a partner in an existing firm.
b)
He can become a partner in an existing firm.
c)
He can be admitted only to the benefits of any existing firm.
d)
He can become partner on becoming a major.
Which company shares can be freely transferable - a)Private Company
- b)Public Company
- c)Both (a) & (b)
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
Which company shares can be freely transferable
a)
Private Company
b)
Public Company
c)
Both (a) & (b)
d)
None of the above
Srinivasa Rao Kondaveeti answered • 6 hours agoThe provision contained in the law for free transferability of shares in a public limited company is founded on the principle that the members of the public must have the freedom to purchase and,every shares holder,the freedom to transfer.
HENCE the correct option is public company
HENCE the correct option is public company
Ujjwal Bisht asked • 1 hour 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
A contract made by mistake about the India Law, is- a)void
- b)valid
- c)voidable
- d)illegal
Correct answer is option 'B'. Can you explain this answer?
A contract made by mistake about the India Law, is
a)
void
b)
valid
c)
voidable
d)
illegal
Tirshaa V answered • 9 hours agoAccording to section 21 of the Indian contract act, 1872 any contract entered into in ignorance of Indian law is not an excuse at all therefore option b is the correct answer, but if the party was induced to enter into the contract by mistake of law then such contract can be avoided .
Taha Merchant asked • 1 hour 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?
Aishwariya Rajpurohit asked • 2 hours agoThe average price of certain commodities in 1980 was Rs. 60 and the average price of the same commodities in 1982 was Rs. 120. Therefore, the increase in 1982 on the basis of 1980 was 100%. 80 the decrease should have been 100% in 1980 using 1982, comment on the above statement is :- a)The price in 1980 decreases by 60% using 1982 as base.
- b)The price in 1980 decreases by 50% using 1982 as base.
- c)The price in 1980 decreases by 90% using 1982 as base.
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
The average price of certain commodities in 1980 was Rs. 60 and the average price of the same commodities in 1982 was Rs. 120. Therefore, the increase in 1982 on the basis of 1980 was 100%. 80 the decrease should have been 100% in 1980 using 1982, comment on the above statement is :
a)
The price in 1980 decreases by 60% using 1982 as base.
b)
The price in 1980 decreases by 50% using 1982 as base.
c)
The price in 1980 decreases by 90% using 1982 as base.
d)
None of these.
Alok Jayant asked • 2 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
Illenial Fan Squad asked • 2 hours agoThe balance in the accumulated provision for depreciation account of a company as at the beginning of the year 2004-2005 was Rs. 2,00,000 when the original cost of the assets amounted to Rs.10,00,000. The company charges 10�preciation on a straight line basis for all the assets including those which have been either purchased or sold during the year. One such asset costing Rs.5,00,000 with accumulated depreciation as at the beginning of the year of Rs.80,000 was disposed off during the year.Q.The balance of the accumulated depreciation account at the end of the year considering the current year’s depreciation charge would be- a)Rs.2,20,000
- b)Rs.1,70,000
- c)Rs.1,20,000
- d)Rs.2,50,000
Correct answer is option 'B'. Can you explain this answer?
The balance in the accumulated provision for depreciation account of a company as at the beginning of the year 2004-2005 was Rs. 2,00,000 when the original cost of the assets amounted to Rs.10,00,000. The company charges 10�preciation on a straight line basis for all the assets including those which have been either purchased or sold during the year. One such asset costing Rs.5,00,000 with accumulated depreciation as at the beginning of the year of Rs.80,000 was disposed off during the year.
Q.The balance of the accumulated depreciation account at the end of the year considering the current year’s depreciation charge would be
a)
Rs.2,20,000
b)
Rs.1,70,000
c)
Rs.1,20,000
d)
Rs.2,50,000
Mahi Sharna asked • 2 hours agoWhen does a partnership firm need to be dissolved?- a)On retirement or death of partners.
- b)On retirement or insolvency of partners.
- c)On admission, retirement or death of partners.
- d)On death or insolvency of partners.
Correct answer is option 'D'. Can you explain this answer?
When does a partnership firm need to be dissolved?
a)
On retirement or death of partners.
b)
On retirement or insolvency of partners.
c)
On admission, retirement or death of partners.
d)
On death or insolvency of partners.
Rupesh Choudhary asked • 3 hours ago If the weekly 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 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
Chocky Anu asked • 4 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
Supriya Jha. asked • 4 hours ago Which of the following agreements are expressly declared void by the Indian Contract Act?- a)Agreement made without consideration
- b)Agreement by a minor or a person of unsound mind
- c)Agreement in restraint of marriage
- d)Agreement of which the consideration and object are unlawful
Correct answer is option 'C'. Can you explain this answer?
Which of the following agreements are expressly declared void by the Indian Contract Act?
a)
Agreement made without consideration
b)
Agreement by a minor or a person of unsound mind
c)
Agreement in restraint of marriage
d)
Agreement of which the consideration and object are unlawful
Sumit Dbritto asked • 4 hours agoA businessman purchased goods for Rs. 25,00,000 and sold 70% of such goods during the accounting year ended 31stMarch, 2005. 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 31stMarch, 2005. 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
Boya Madhusudhan asked • 4 hours agoOn a survey of 100 boys it was found that 50 used white that 50 used white shirt 40 red and 30 blue. 20 were habituated in using both white and red shirts 15 both red and blue shirts and 10 blue and white shirts. If 10 boys did not use any of the white red or blue colours and 20 boys used all the colours offer your comments.- a)Inconsistent since 50+40+30-20-15-10+20≠100
- b)Consistent
- c)Cannot determine due to data insufficiency
- d)None
Correct answer is option 'A'. Can you explain this answer?
On a survey of 100 boys it was found that 50 used white that 50 used white shirt 40 red and 30 blue. 20 were habituated in using both white and red shirts 15 both red and blue shirts and 10 blue and white shirts. If 10 boys did not use any of the white red or blue colours and 20 boys used all the colours offer your comments.
a)
Inconsistent since 50+40+30-20-15-10+20≠100
b)
Consistent
c)
Cannot determine due to data insufficiency
d)
None
Anna Sherly Mathew asked • 4 hours agoIn 1976 the average price of a commodity was 20% more than that in 1975 but 20% less than that in 1974 and more over it was 50% more than that in 1977. The price relatives using 1975 as base year (1975 price relative = 100) then the reduce date is :- a)8,.75
- b)150,80
- c)75,125
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
In 1976 the average price of a commodity was 20% more than that in 1975 but 20% less than that in 1974 and more over it was 50% more than that in 1977. The price relatives using 1975 as base year (1975 price relative = 100) then the reduce date is :
a)
8,.75
b)
150,80
c)
75,125
d)
None of these.
Soumi Choudhuri asked • 5 hours agoX of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignor’s expenses Rs 4000. Consignee’s expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:- a)Rs.7200
- b)Rs.7500
- c)Rs.7000
- d)Rs.6000
Correct answer is option 'B'. Can you explain this answer?
X of Kolkata sends out 100 boxes to Y of Delhi costing Rs 200 each. Consignor’s expenses Rs 4000. Consignee’s expenses non-selling 900, selling 500. 1/10th of the boxes were lost in transit. 2/3rd of the boxes received by consignee were sold. The amount of consignment stock will be:
a)
Rs.7200
b)
Rs.7500
c)
Rs.7000
d)
Rs.6000
Bhanu Matti asked • 5 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)
Ranjeet Singh asked • 6 hours agoMohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
Q. The present value of machinery is - a)Rs. 10,00,000.
- b)Rs.20,00,000.
- c)Rs.15,00,000.
- d)Rs.12,00,000.
Correct answer is option 'D'. Can you explain this answer?
Mohan purchased a machinery amounting Rs. 10,00,000 on 1st April, 2001. On 31st March, 2011, similar machinery could be purchased for Rs. 20,00,000 but the realizable value of the machinery (purchased on 1.4.2001) was estimated at Rs. 15,00,000. The present discounted value of the future net cash inflows that the machinery was expected to generate in the normal course of business, was calculated as Rs. 12,00,000.
Q. The present value of machinery is
Q. The present value of machinery is
a)
Rs. 10,00,000.
b)
Rs.20,00,000.
c)
Rs.15,00,000.
d)
Rs.12,00,000.
Rajan Sigdel asked • 7 hours agoX sends out goods costing Rs.2,00,000 to Y. 3/5th of the goods were sold by consignee for Rs.1,40,000.Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be:- a)5,667
- b)5,800
- c)6,000
- d)5,600
Correct answer is option 'A'. Can you explain this answer?
X sends out goods costing Rs.2,00,000 to Y. 3/5th of the goods were sold by consignee for Rs.1,40,000.Commission 2% on sales plus 20% of gross sales less all commission exceeds cost price. The amount of commission will be:
a)
5,667
b)
5,800
c)
6,000
d)
5,600
Savaram Aravind Sai asked • 7 hours agoThe odds that a book will be favourable received by 3 independent received by 3 independent reviewers are 5 to 2, 4 to 3 and 4 to 4 respectively. What is the probability that out of 3 reviewers a majority will be favourable?- a)209/343
- b)209/434
- c)209/443
- d)209/350
Correct answer is option 'A'. Can you explain this answer?
The odds that a book will be favourable received by 3 independent received by 3 independent reviewers are 5 to 2, 4 to 3 and 4 to 4 respectively. What is the probability that out of 3 reviewers a majority will be favourable?
a)
209/343
b)
209/434
c)
209/443
d)
209/350
Rithika Patel asked • 7 hours agoIf the population growth rate is higher than the economic growth rate it will result in _____moreb)lower income ; lower savings ; lower investmentc)higher investment ; lower income ; higher savingd)lower income ; lower savings ; higher employmentCorrect answer is option 'A'. Can you explain this answer?
Bhanu Matti asked • 8 hours agoRam draws on Aslam a bill for Rs. 60,000 on 1.4.01 for 2 months. Aslam accepts the bill and sends it to Ram who gets it discounted for Rs. 58,800. Ram immediately remits Rs. 19,600 to Aslam. On due date, Ram being unable to remit the amount due accepts a bill for Rs. 84,000 for 2 months which is discounted by Aslam for Rs. 82,200. Aslam sends Rs. 14,800 to Ram out of the same. How much discount will be borne by Ram at the time of 14,800 remittances.- a)1200
- b)1800
- c)1100
- d)800
Correct answer is option 'A'. Can you explain this answer?
Ram draws on Aslam a bill for Rs. 60,000 on 1.4.01 for 2 months. Aslam accepts the bill and sends it to Ram who gets it discounted for Rs. 58,800. Ram immediately remits Rs. 19,600 to Aslam. On due date, Ram being unable to remit the amount due accepts a bill for Rs. 84,000 for 2 months which is discounted by Aslam for Rs. 82,200. Aslam sends Rs. 14,800 to Ram out of the same. How much discount will be borne by Ram at the time of 14,800 remittances.
a)
1200
b)
1800
c)
1100
d)
800
Sathakshi Sivam asked • 8 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
Ravi Nukala asked • 9 hours agoUse the following information for questions 5 to 9B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.
Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money. Q.How much is B Ltd.’s authorized share capital?... more
Use the following information for questions 5 to 9
B Ltd. was registered with a share capital of Rs 1,00,00,000 divided into equity shares of Rs 10 each. It issued 9,00,000 equity shares to the general public at par payable as to Rs 3 on application, Rs 3 on allotment and balance in 2 equal calls. The public had subscribed for 8,50,000 shares.
Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.
Till 31st March, 2006, only first call had been made. All the shareholders had paid up except Mr. C, a holder of 25,000 shares, who did not pay the call money.
Q.How much is B Ltd.’s authorized share capital?
Aishwarya Aishwarya asked • 9 hours agoIf National domestic capital at factor cost is Rs.4635 crores, subsidies are Rs.50 crores, Factor income from abroad is Rs.40 crores, Factor income paid is Rs.50 crores, Depreciation is Rs.200 crores then National Income is ____- a)5635
- b)5675
- c)5625
- d)4625
Correct answer is option 'D'. Can you explain this answer?
If National domestic capital at factor cost is Rs.4635 crores, subsidies are Rs.50 crores, Factor income from abroad is Rs.40 crores, Factor income paid is Rs.50 crores, Depreciation is Rs.200 crores then National Income is ____
a)
5635
b)
5675
c)
5625
d)
4625
Chinmay Bhalekar asked • 10 hours agoIf the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit ________even if the seller has refused to receive them back:- a)Is deemed to be at an end
- b)Is not deemed to be at an end
- c)In nobody’s hand
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit ________even if the seller has refused to receive them back:
a)
Is deemed to be at an end
b)
Is not deemed to be at an end
c)
In nobody’s hand
d)
None of the above
Yooo Pizza asked • 10 hours ago Which of the following statements is false?- a)A partner who takes fixed salary in lieu of share in profits may be a partner.
- b)A partner who expresses (or) by his action intimates others that he is a partner may be partner
- c)It is essential to have agreement to share profits and losses.
- d)A partner who does not participate in management has no liabilities.
Correct answer is option 'D'. Can you explain this answer?
Which of the following statements is false?
a)
A partner who takes fixed salary in lieu of share in profits may be a partner.
b)
A partner who expresses (or) by his action intimates others that he is a partner may be partner
c)
It is essential to have agreement to share profits and losses.
d)
A partner who does not participate in management has no liabilities.
S I M R A N . asked • 10 hours agoWhere can I find solutions to additional questions of icai material?
Cmashubham Bhati asked • 11 hours agoHe, She and Me are partners in a firm sharing profits and losses in the ratio of 5:3:2. Firm took Separate Life Policy of Rs. 50,000, Rs.1,00,000 and Rs.1,50,000 for He, She and Me respectively. The share of Me in the policy will be:- a)Rs. 1,50,000.
- b)Rs. 90,000.
- c)Rs. 60,000.
- d)Rs. 3,00,000.
Correct answer is option 'A'. Can you explain this answer?
He, She and Me are partners in a firm sharing profits and losses in the ratio of 5:3:2. Firm took Separate Life Policy of Rs. 50,000, Rs.1,00,000 and Rs.1,50,000 for He, She and Me respectively. The share of Me in the policy will be:
a)
Rs. 1,50,000.
b)
Rs. 90,000.
c)
Rs. 60,000.
d)
Rs. 3,00,000.
Fetching relevant content for you
Ask a question
Related Courses
Follow Us
