Correct Answer: QPRS

Solution : The correct choice is the first option: QPRS.

The logical flow of information is as follows:

• The segment Q introduces the subject of the sentence, which is a division manager with training in accounting.
• The segment P leads into the person's reflection on his choice of employment.
• The segment R provides the outcome of the reflection, indicating that despite having better offers, the person chose to work for his current company.
• The segment S concludes the sentence by revealing the reason for the person's choice and emphasising the positive aspects of the company.

Therefore, the correct sequence is: Newly appointed division manager, trained in accounting, reflected on why he chose to work for his company despite better offers and realised that it was the friendly, collaborative, and ethical culture.

Correct Answer: All of the above

Solution : Ratio analysis has the following goals:
1: Simplify accounting data.
2: Find the liquidity or the long- and short-term solvency.
3: The ability of the business to meet its short-term financial obligations is known as short-term solvency
4: In contrast, long-term solvency refers to an organization's capacity to meet its long-term debt obligations.
5: Analyze the business's operational effectiveness.
6: Analyze the company's profitability with the assistance of comparative analysis, specifically with intra- and inter-firm comparisons.
Hence option 4 is the correct answer.

Correct Answer: Rs 3,600

Solution : Answer = Rs 3,600

Profit= $36000 \times \frac{2}{5} \times \frac{3}{12}$= 1800 × 2= 3600.
Hence, the correct option is 3.

Correct Answer: provides an index of every account in an accounting system

Solution : An index of all the accounts in an accounting system is provided by a chart of accounts (COA), a financial and organisational tool. Hence, the correct option is 1.

Correct Answer:

M's share of revaluation profit is 1/5th 

Solution : Answer = M's share of revaluation profit is 1/5th 

When a new partner is admitted to a partnership, their share of revaluation profit is typically based on their agreed-upon profit-sharing ratio. Since M is admitted for a 1/5 share, their share of revaluation profit would also be 1/5th, in accordance with their profit-sharing ratio.
Hence, the correct option is 2.

Correct Answer: Both 1 and 2

Solution : Answer = Both 1 and 2

The accounting standard prescribes that the Cash Flow Statement be prepared using either the Direct Method, which lists actual cash inflows and outflows, or the Indirect Method, which adjusts net income for non-cash items.
Hence, the correct option is 3.

Correct Answer: All of the above

Solution : The Top 5 Computerized Accounting System Features
Bringing Together Different Accounting Functions.
Automation, precision, and quickness.
analyses and reports
Accessibility and consistency.
increased control and visibility over finances

Hence the correct answer is option 4.

Correct Answer: None of the above

Solution : Answer = None of the above

All of the statements listed are characteristics of the Statement of Profit and Loss. It indeed depicts a company's financial performance, covers a specific accounting period, and presents historical data. Therefore, none of the statements are incorrect, and the answer is: "None of the above."
Hence, the correct option is 4.

Correct Answer: Premium on Redemption of Debentures Account is credited at the time of payment, i.e., on redemption of debentures.

Solution : Answer = Premium on Redemption of Debentures Account is credited at the time of payment, i.e., on redemption of debentures.

Discount or Loss on Issue of Debentures is a capital loss for a company, which is written off in the year it is incurred, i.e., in the year the debentures are allotted from:
(i) Securities Premium Reserve, if it exists, i.e., has a balance, and
(ii) Statement of Profit and Loss.
At the time of redemption of Debentures premium on redemption of Debentures A/c  is debited.
 

Correct Answer: Income,product and expenditure

Solution : The correct answer is Income,product and expenditure.

Social accounting measure is the method of estimating the national income of India. It is the value of total goods and services produced in India i.e GDP of India. In India GDP is measured in 3 ways- Income method, expenditure method, and  product method/value added method.