CA Foundation
Consensus ad idem means ?
Table Fan answered • 4 hours agoSame thing in same sense. or meeting of minds
Net Monthly income of an employee was Rs. 800 in 1980. The consumer price Index number was 160 in 1980. It is rises to 200 in 1984. If he has to be rightly compensated. The additional dearness allowance to be paid to the employee is :- a)Rs. 200
- b)Rs. 275
- c)Rs. 250
- d)None of these.
Correct answer is option 'A'. Can you explain this answer?
Net Monthly income of an employee was Rs. 800 in 1980. The consumer price Index number was 160 in 1980. It is rises to 200 in 1984. If he has to be rightly compensated. The additional dearness allowance to be paid to the employee is :
a)
Rs. 200
b)
Rs. 275
c)
Rs. 250
d)
None of these.
Muskan Jain answered • 6 hours agoAdditional dearness allowance to be paid
= [800 × 200 ÷ 160] - 800
= 1,000 - 800
= 200/-
= [800 × 200 ÷ 160] - 800
= 1,000 - 800
= 200/-
The average age of a group of 10 students was 20 years. The average age increased by two years when two new students joined the group. What is the average age of the two new students who joined the group?- a)22 years
- b)30 years
- c)44 years
- d)32 years
Correct answer is option 'D'. Can you explain this answer?
The average age of a group of 10 students was 20 years. The average age increased by two years when two new students joined the group. What is the average age of the two new students who joined the group?
a)
22 years
b)
30 years
c)
44 years
d)
32 years
Muskan Jain answered • 6 hours ago[{(20+2)×(10+2)} - (20 × 10)] / 2
= [(22 × 12) - (200)] / 2
= [264 - 200] / 2
= 64/2 = 32
= [(22 × 12) - (200)] / 2
= [264 - 200] / 2
= 64/2 = 32
Break Boy Rupesh asked • 41 minutes 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
Meena Mohan asked • 1 hour agoDue to lock down when ICAI conduct 2020 November CA foundation exam ?
Dheeraj Suman asked • 1 hour agoOn 1.1.2016, a machine costing Rs. 10, 000 and a piece of furniture costing Rs. 20,000 was purchased. Depreciation is provided @ 5% p.a. on furniture and 10% per annum on machine. The depreciation for the year ended 31st March, 2016 should be:- a)Rs. 1,000
- b)Rs. 300
- c)Rs. 500
- d)None of the three
Correct answer is option 'C'. Can you explain this answer?
On 1.1.2016, a machine costing Rs. 10, 000 and a piece of furniture costing Rs. 20,000 was purchased. Depreciation is provided @ 5% p.a. on furniture and 10% per annum on machine. The depreciation for the year ended 31st March, 2016 should be:
a)
Rs. 1,000
b)
Rs. 300
c)
Rs. 500
d)
None of the three
Anita Joshi asked • 2 hours agoMr. X sends the goods costing Rs. 55,000 on approval basis. Goods of Rs. 5,000 were damaged in transit and claim of Rs. 3,000 was received. The amount of goods sent on approval to Mr. Y is :-- a)Rs. 57,000
- b)Rs. 53,000
- c)Rs. 52,000
- d)Rs. 50,000
Correct answer is option 'D'. Can you explain this answer?
Mr. X sends the goods costing Rs. 55,000 on approval basis. Goods of Rs. 5,000 were damaged in transit and claim of Rs. 3,000 was received. The amount of goods sent on approval to Mr. Y is :-
a)
Rs. 57,000
b)
Rs. 53,000
c)
Rs. 52,000
d)
Rs. 50,000
Yash Kothari asked • 2 hours agoJadu Ltd. issued 2,000 shares, which were forfeited by crediting Share forfeiture account by Rs. 3,000. These shares were issued Rs. 9 per share. The amount to be transferred to Capital Reserve account will be- a)Rs. 3,000
- b)Rs. 2,000
- c)Rs. 1,000
- d)Nil
Correct answer is option 'C'. Can you explain this answer?
Jadu Ltd. issued 2,000 shares, which were forfeited by crediting Share forfeiture account by Rs. 3,000. These shares were issued Rs. 9 per share. The amount to be transferred to Capital Reserve account will be
a)
Rs. 3,000
b)
Rs. 2,000
c)
Rs. 1,000
d)
Nil
Yamini Bandaru asked • 2 hours agoThe bill of Rs. 10,000 accepted by Ritesh on 1 July 2016, was discounted by Hitesh on 15 July 2016 for Rs. 9,600. On 4th October 2016, the bill was dishonoured and bank notified it for Rs. 200. The amount to be received from Ritesh would be- a)Rs. 10,600
- b)Rs. 10,000
- c)Rs. 10,200
- d)Rs. 10,400
Correct answer is option 'C'. Can you explain this answer?
The bill of Rs. 10,000 accepted by Ritesh on 1 July 2016, was discounted by Hitesh on 15 July 2016 for Rs. 9,600. On 4th October 2016, the bill was dishonoured and bank notified it for Rs. 200. The amount to be received from Ritesh would be
a)
Rs. 10,600
b)
Rs. 10,000
c)
Rs. 10,200
d)
Rs. 10,400
Venky Karnati asked • 2 hours agoIf an inflow of economic benefits is probable then a contingent asset is disclosed - a)In the financial statements.
- b)In the report of the approving authority (Board of Directors in the case of a company, and the corresponding approving authority in the case of any other enterprise).
- c)In the cash flow statement.
- d)None of the above.
Correct answer is option 'B'. Can you explain this answer?
If an inflow of economic benefits is probable then a contingent asset is disclosed
a)
In the financial statements.
b)
In the report of the approving authority (Board of Directors in the case of a company, and the corresponding approving authority in the case of any other enterprise).
c)
In the cash flow statement.
d)
None of the above.
Shah Dhruv asked • 3 hours 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.
Pooja Pandey asked • 3 hours agoWhen the shares are issued at premium and the premium has already received by the company later on, if such shares are forfeited- a)Securities premium account should be debited
- b)Securities premium account should be credited
- c)Securities premium account should not be affected
- d)None of the above.
Correct answer is 'C'. Can you explain this answer?
When the shares are issued at premium and the premium has already received by the company later on, if such shares are forfeited
a)
Securities premium account should be debited
b)
Securities premium account should be credited
c)
Securities premium account should not be affected
d)
None of the above.
Ujjwal Bisht asked • 4 hours agoFollowing are details of ABC Ltd.:
Outstanding Redeemable preference shares =Rs. 3,00,000
Premium on redemption = 10%
General Reserve = Rs. 1,50,000
Security Premium Balance = Rs. 35,000
Fresh issue of shares to be made at 10% discount
The face value of fresh issued shares will be: - a) Rs. 1,66,667
- b) Rs. 1,50,000
- c)Rs. 1,85,000
- d)Rs. 1,80,000
Correct answer is option 'A'. Can you explain this answer?
Following are details of ABC Ltd.:
Outstanding Redeemable preference shares =Rs. 3,00,000
Premium on redemption = 10%
General Reserve = Rs. 1,50,000
Security Premium Balance = Rs. 35,000
Fresh issue of shares to be made at 10% discount
The face value of fresh issued shares will be:
Outstanding Redeemable preference shares =Rs. 3,00,000
Premium on redemption = 10%
General Reserve = Rs. 1,50,000
Security Premium Balance = Rs. 35,000
Fresh issue of shares to be made at 10% discount
The face value of fresh issued shares will be:
a)
Rs. 1,66,667
b)
Rs. 1,50,000
c)
Rs. 1,85,000
d)
Rs. 1,80,000
Venu Aggarwal asked • 4 hours agoAs per the accepted view the registration of firm is complete when.?
and 4 respectively, what is the variance of x?
Rupesh Choudhary asked • 5 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
Akanksha Jain asked • 5 hours agoThe books of T Ltd. revealed the following information:
Q.On March 31, 2004, the value of inventory as per physical stock-taking was Rs.3,25,000.
The company’s gross profit on sales has remained constant at 25%. The management of the company suspects that some inventory might have been pilfered by a new employee.
What is the estimated cost of missing inventory?- a)Rs. 75,000
- b)Rs. 25,000
- c)Rs.1,00,000
- d)Rs.1,50,000.
Correct answer is option 'A'. Can you explain this answer?
The books of T Ltd. revealed the following information:
Q.On March 31, 2004, the value of inventory as per physical stock-taking was Rs.3,25,000.
The company’s gross profit on sales has remained constant at 25%. The management of the company suspects that some inventory might have been pilfered by a new employee.
What is the estimated cost of missing inventory?
The company’s gross profit on sales has remained constant at 25%. The management of the company suspects that some inventory might have been pilfered by a new employee.
What is the estimated cost of missing inventory?
a)
Rs. 75,000
b)
Rs. 25,000
c)
Rs.1,00,000
d)
Rs.1,50,000.
Sri Harsha asked • 6 hours agoChange in accounting estimate means- a)Differences arising between certain parameters estimated earlier and re-estimated during the current period.
- b)Differences arising between certain parameters estimated earlier and actual results achieved during the current period.
- c)Differences arising between certain parameters re-estimated during the current period and actual results achieved during the current period.
- d)Both (a) and (b).
Correct answer is option 'A'. Can you explain this answer?
Change in accounting estimate means
a)
Differences arising between certain parameters estimated earlier and re-estimated during the current period.
b)
Differences arising between certain parameters estimated earlier and actual results achieved during the current period.
c)
Differences arising between certain parameters re-estimated during the current period and actual results achieved during the current period.
d)
Both (a) and (b).
Apurv Shekhar asked • 6 hours agoDirections: Use the information given in the table below to answer the following question.Production Possibilities:
Q. According to Table 2, the opportunity cost of increasing Good A`s production from 2 to 4 units is equal to- a)10 units of B
- b)14 units of B
- c)24 units of B
- d)2 units of B
Correct answer is option 'B'. Can you explain this answer?
Directions: Use the information given in the table below to answer the following question.
Production Possibilities:
Q. According to Table 2, the opportunity cost of increasing Good A`s production from 2 to 4 units is equal to
a)
10 units of B
b)
14 units of B
c)
24 units of B
d)
2 units of B
Akanksha Jain asked • 6 hours agoBharat Indian Oil is a bulk distributor of petrol. A periodic inventory of petrol on hand is taken when the books are closed at the end of each month. The following summary of information is available for the month :Sales Rs.9,45,000General administration cost Rs.25,000Opening Stock: 1,00,000 litres @ Rs.3 per litre Rs.3,00,000Purchases (including freight inward):June 1 2,00,000 litres @ Rs.2.85 per litreJune 30 1,00,000 litres @ Rs.3.03 per litreJune 30 Closing stock 1,30,000 litres Q.Using the information given in problem, compute the amount of cost of goods sold for June using weighted average method.... more
Bharat Indian Oil is a bulk distributor of petrol. A periodic inventory of petrol on hand is taken when the books are closed at the end of each month. The following summary of information is available for the month :
Sales Rs.9,45,000
General administration cost Rs.25,000
Opening Stock: 1,00,000 litres @ Rs.3 per litre Rs.3,00,000
Purchases (including freight inward):
June 1 2,00,000 litres @ Rs.2.85 per litre
June 30 1,00,000 litres @ Rs.3.03 per litre
June 30 Closing stock 1,30,000 litres
Q.Using the information given in problem, compute the amount of cost of goods sold for June using weighted average method.
Devraj Malav asked • 6 hours agoA and B, who share profit and losses in the ratio of 3:2 has the following balances: Capital of A Rs. 50,000; Capital of B Rs. 30,000; Reserve Fund R.s 15,000. They admit C as a partner, who contributes to the firm Rs. 25,000 for 1/6th share in the partnership. If C is to purchase 1/6th share in the partnership from the existing partners A and B in the ratio of 3:2 for Rs. 25,000, find closing capital of C. - a)Rs. 25,000
- b)Rs. 19,000
- c)Rs. 20,000
- d)Rs. 18,000
Correct answer is option 'B'. Can you explain this answer?
A and B, who share profit and losses in the ratio of 3:2 has the following balances: Capital of A Rs. 50,000; Capital of B Rs. 30,000; Reserve Fund R.s 15,000. They admit C as a partner, who contributes to the firm Rs. 25,000 for 1/6th share in the partnership. If C is to purchase 1/6th share in the partnership from the existing partners A and B in the ratio of 3:2 for Rs. 25,000, find closing capital of C.
a)
Rs. 25,000
b)
Rs. 19,000
c)
Rs. 20,000
d)
Rs. 18,000
Narendra Rathore asked • 6 hours agoThe price of mangoes increases form Rs. 30 per kilogram to Rs. 40 per kilogram and the supply increases from 240 kilograms the 300 kilograms. What will be the elasticity of supply for mangoes?- a)-0.67
- b)0.67
- c)– 0.77
- d)0.77
Correct answer is option 'D'. Can you explain this answer?
The price of mangoes increases form Rs. 30 per kilogram to Rs. 40 per kilogram and the supply increases from 240 kilograms the 300 kilograms. What will be the elasticity of supply for mangoes?
a)
-0.67
b)
0.67
c)
– 0.77
d)
0.77
Ujjwal Bisht asked • 7 hours agoWhich of the following statements is false?- a)Interest on calls-in-advance is paid from the date of receipt of advance to the date of relevant call
- b)Interest on calls-in-advance is paid from the date of receipt of advance to the date of appropriation to the relevant call
- c)Interest on calls-in-advance is paid at the rate of 6% p.a.
- d)Payment of interest on calls-in-advance is at the discretion of the company
Correct answer is option 'D'. Can you explain this answer?
Which of the following statements is false?
a)
Interest on calls-in-advance is paid from the date of receipt of advance to the date of relevant call
b)
Interest on calls-in-advance is paid from the date of receipt of advance to the date of appropriation to the relevant call
c)
Interest on calls-in-advance is paid at the rate of 6% p.a.
d)
Payment of interest on calls-in-advance is at the discretion of the company
Aishwarya Aishwarya asked • 7 hours agoP, Q, and R are partners sharing profits and losses in the ratio of 3:2:1. R retired. Future profit sharing ratio is 2:1. There was a joint life policy of Rs.6,00,000 with a surrender value of Rs.80,000. What will be the treatment in the Partner’s Capital A/c’s, if JLP is maintained at surrender value along with reserve?... more
P, Q, and R are partners sharing profits and losses in the ratio of 3:2:1. R retired. Future profit sharing ratio is 2:1. There was a joint life policy of Rs.6,00,000 with a surrender value of Rs.80,000. What will be the treatment in the Partner’s Capital A/c’s, if JLP is maintained at surrender value along with reserve?
Harsh Solanki asked • 7 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.
Mansi Gupta asked • 7 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
Ujjwal Bisht asked • 8 hours agoA and B shares 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)31,500:31,500:20,000.
- b)31,500:31,500:30,000.
- c)26,500:26,500:30,000.
- d)20,000:20,000:20,000
Correct answer is option 'A'. Can you explain this answer?
A and B shares 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)
31,500:31,500:20,000.
b)
31,500:31,500:30,000.
c)
26,500:26,500:30,000.
d)
20,000:20,000:20,000
Anna Sherly Mathew asked • 8 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.
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