CA Foundation
Sakshi Bharambe asked • 1 minute agoThe number of subsets of the set {1, 6, 4, 5} is 1 point 10 12 8 16?
Maha Lingam asked • 8 minutes agoSuresh & co employs 8 workérs and pàys them 40000per month each year?
Rohit Pubg asked • 52 minutes agoThe ratio of two numbers is 7:10 and their differnces is 105. The numbers are?
Saurabh Vuasss asked • 1 hour agoAssume that consumers’ incomes and the number of sellers in the market for good A both decrease. Based upon this information we can conclude, with certainty, that equilibrium :- a)price will increase.
- b)price will decrease.
- c)quantity will increase.
- d)quantity will decrease.
Correct answer is option 'D'. Can you explain this answer?
Assume that consumers’ incomes and the number of sellers in the market for good A both decrease. Based upon this information we can conclude, with certainty, that equilibrium :
a)
price will increase.
b)
price will decrease.
c)
quantity will increase.
d)
quantity will decrease.
Jasleen Kaur asked • 1 hour agoThe Balance sheet of A Ltd. as on March 31,2006 is as under:
The 12% preference shares are redeemable at a premium of 10%. The company wishes to maintain the cash balance at Rs. 25,000. For the purpose of redemption of preference shares, it proposed to sell the investments for Rs. 2,00,000. The company proposes to issue sufficient number of equity shares of Rs. 100 each at a premium of 5% to raise required cash resources.
Number of equity shares to be issued is __________.- a)1500
- b) 1000
- c)950
- d) 1500
Correct answer is option 'B'. Can you explain this answer?
The Balance sheet of A Ltd. as on March 31,2006 is as under:
The 12% preference shares are redeemable at a premium of 10%. The company wishes to maintain the cash balance at Rs. 25,000. For the purpose of redemption of preference shares, it proposed to sell the investments for Rs. 2,00,000. The company proposes to issue sufficient number of equity shares of Rs. 100 each at a premium of 5% to raise required cash resources.
Number of equity shares to be issued is __________.
a)
1500
b)
1000
c)
950
d)
1500
Sanjay Thakur asked • 2 hours agoJadu Ltd. reissued 2,000 shares, which were forfeited by crediting Share forfeiture account by Rs.3,000. These shares were reissued 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. reissued 2,000 shares, which were forfeited by crediting Share forfeiture account by Rs.3,000. These shares were reissued 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
Mansi Behl asked • 3 hours agoAmit and Anil are partners of a partnership firm sharing profits in the ratio of 5:3 with capital of Rs. 2,50,000 & Rs. 2,00,000 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5th share of profit. Find the balance of capital accounts after admission of Atul.- a)2,60,000:2,06,000:50,000.
- b)2,20,000:1,82,000:66,000.
- c)2,92,500:2,25,500:50,000.
- d)2,82,500:2,19,500:66,000.
Correct answer is option 'A'. Can you explain this answer?
Amit and Anil are partners of a partnership firm sharing profits in the ratio of 5:3 with capital of Rs. 2,50,000 & Rs. 2,00,000 respectively. Atul was admitted on the following terms: Atul would pay Rs. 50,000 as capital and Rs. 16,000 as Goodwill, for 1/5th share of profit. Find the balance of capital accounts after admission of Atul.
a)
2,60,000:2,06,000:50,000.
b)
2,20,000:1,82,000:66,000.
c)
2,92,500:2,25,500:50,000.
d)
2,82,500:2,19,500:66,000.
Taha Merchant asked • 3 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?
Soniya Krupakar asked • 3 hours agoWith regard to Laspeyre’s and Paasche’s price index number, it is maintained that “If the prices of all the goods change in the same ratio, the two indices will be equal for them the weighting system is irrelevant; or if the quantities of all the goods change in the same ratio, they will be equal, for them the two weighting systems are the same relatively”.Then the above statements satisfy.- a)Laspeyre’s Price index ≠ Paasche’s Price Index.
- b)Laspeyre’s Price Index = Paasche’s Price Index.
- c)Laspeyre’s Price Index may be equal Price Index.
- d)None of these.
Correct answer is option 'B'. Can you explain this answer?
With regard to Laspeyre’s and Paasche’s price index number, it is maintained that “If the prices of all the goods change in the same ratio, the two indices will be equal for them the weighting system is irrelevant; or if the quantities of all the goods change in the same ratio, they will be equal, for them the two weighting systems are the same relatively”.Then the above statements satisfy.
a)
Laspeyre’s Price index ≠ Paasche’s Price Index.
b)
Laspeyre’s Price Index = Paasche’s Price Index.
c)
Laspeyre’s Price Index may be equal Price Index.
d)
None of these.
Sanjay Thakur asked • 3 hours agoThe balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______- a)Rs.26,40,000
- b)Rs.24,99,000
- c)Rs.26,20,000
- d)Rs.25,12,000
Correct answer is option 'C'. Can you explain this answer?
The balances of M/s Nagarjuna Traders are as follows: Capital Rs. 9,00,000; Computers Rs. 1,30,000; Machinery Rs.4,50,000; Furniture Rs.1,50,000; Investments Rs.3,00,000; Salaries Rs.2,10,000; Sales Rs.16,00,000; Patents Rs.1,20,000; Freight Rs.1,21,000; Purchases Rs.9,15,000; Rent Rs.28,000; Cash in hand Rs.48,000; Bank overdraft Rs.20,000; Creditors Rs.1,00,000; Debtors Rs.1,48,000; the total of trial balance is _______
a)
Rs.26,40,000
b)
Rs.24,99,000
c)
Rs.26,20,000
d)
Rs.25,12,000
Nandini Solanki asked • 3 hours agoFrom the following particulars extracted from the books of ganguli?
Krishna Prasad Rimal asked • 3 hours agoWhich one of the following is not a component of demand pull inflation?- a)An increase in government expenditure with no change in tax rate
- b)A downward shift in savings function.
- c)A rise in money wage rate
- d)An upward shift of investment function.
Correct answer is option 'C'. Can you explain this answer?
Which one of the following is not a component of demand pull inflation?
a)
An increase in government expenditure with no change in tax rate
b)
A downward shift in savings function.
c)
A rise in money wage rate
d)
An upward shift of investment function.
Sanjay Thakur asked • 4 hours agoWhen the record of transactions relating to Joint Venture are made in books of one coventurer, then the venturer records his share of investment in the joint venture by ________ - a)Debiting to cash a/c
- b)Crediting to cash a/c
- c)Crediting to co-venturer’s personal a/c
- d)No entry is required
Correct answer is option 'D'. Can you explain this answer?
When the record of transactions relating to Joint Venture are made in books of one coventurer, then the venturer records his share of investment in the joint venture by ________
a)
Debiting to cash a/c
b)
Crediting to cash a/c
c)
Crediting to co-venturer’s personal a/c
d)
No entry is required
The Flame asked • 4 hours agoIf x and y are related by 2x 3y 4 = 0 and sd of x is 6, then sd of y is?
Shifna P asked • 4 hours agoWhen there are a fixed number of repeated trial of any experiments under identical conditions for which only one of two mutually exclusive outcomes, success or failure can result in each trial then- a)Normal Distribution
- b)Binomial Distribution
- c)Poisson Distribution
- d)None is used
Correct answer is option 'B'. Can you explain this answer?
When there are a fixed number of repeated trial of any experiments under identical conditions for which only one of two mutually exclusive outcomes, success or failure can result in each trial then
a)
Normal Distribution
b)
Binomial Distribution
c)
Poisson Distribution
d)
None is used
Prasad Chaoudhari asked • 4 hours agoRs 100 will become after 20 years 5% p.a compound interest of?
Lithi Sha asked • 5 hours agoA & B are partners sharing profits and losses in the ratio 5:3. On admission C brings Rs. 70,000 cash and Rs. 48,000 against goodwill. New profit sharing ratio between A, B and C are 7:5:4. Find the sacrificing ratio as A:B- a)3:1
- b)4:7
- c)5:4
- d)2:1
Correct answer is option 'A'. Can you explain this answer?
A & B are partners sharing profits and losses in the ratio 5:3. On admission C brings Rs. 70,000 cash and Rs. 48,000 against goodwill. New profit sharing ratio between A, B and C are 7:5:4. Find the sacrificing ratio as A:B
a)
3:1
b)
4:7
c)
5:4
d)
2:1
Gurjeet Kaur asked • 5 hours agoOut of 2000 employees in an office 48% preferred Coffee (C ), 54% liked (T), 64% used to smoke (S). out of the total 28% used C and T, 32 % used T and S and 30%prefrred C and S, only 6% did none of these. The number of employees preferring only coffee is - a)100
- b)260
- c)160
- d)None of these
Correct answer is option 'C'. Can you explain this answer?
Out of 2000 employees in an office 48% preferred Coffee (C ), 54% liked (T), 64% used to smoke (S). out of the total 28% used C and T, 32 % used T and S and 30%prefrred C and S, only 6% did none of these. The number of employees preferring only coffee is
a)
100
b)
260
c)
160
d)
None of these
Sneha Srinivas asked • 5 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 
Sanjay Thakur asked • 5 hours agoThe Balance sheet of A Ltd. as on March 31,2006 is as under:
The 12% preference shares are redeemable at a premium of 10%. The company wishes to maintain the cash balance at Rs. 25,000. For the purpose of redemption of preference shares, it proposed to sell the investments for Rs. 2,00,000. The company proposes to issue sufficient number of equity shares of Rs. 100 each at a premium of 5% to raise required cash resources.
Number of equity shares to be issued is __________.- a)1500
- b)1000
- c)950
- d)None
Correct answer is option 'B'. Can you explain this answer?
The Balance sheet of A Ltd. as on March 31,2006 is as under:
The 12% preference shares are redeemable at a premium of 10%. The company wishes to maintain the cash balance at Rs. 25,000. For the purpose of redemption of preference shares, it proposed to sell the investments for Rs. 2,00,000. The company proposes to issue sufficient number of equity shares of Rs. 100 each at a premium of 5% to raise required cash resources.
Number of equity shares to be issued is __________.
Number of equity shares to be issued is __________.
a)
1500
b)
1000
c)
950
d)
None
Mansi Behl asked • 5 hours 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 Capital Reserve Account = ________.- a)Rs 2,96,000
- b)Rs 80,000
- c)Rs 2,10,000
- d)Rs 2,16,000
Correct answer is option 'D'. Can you explain this answer?
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 Capital Reserve Account = ________.
a)
Rs 2,96,000
b)
Rs 80,000
c)
Rs 2,10,000
d)
Rs 2,16,000
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