Accounts
Yes, you are eligible for the TGT (Trained Graduate Teacher) post for the Social Science subject with your qualifications. The minimum qualification for TGT posts typically requires a graduation degree with at least 50% marks in the relevant subject and a B.Ed. degree. You have an M.Com which fulfills the graduation requirement. While your B.Ed. is in Accounts and Commerce methods, having cleared the CTET Paper II in Social Science demonstrates your eligibility to teach the subject.
CTET acts as a national eligibility test for teachers. Clearing CTET with Social Science in Paper II specifically qualifies you to teach that subject at the TGT level.
https://www.careers360.com/tgt-full-form
I hope it helps!
Hello Aspirant
It is absolutely necessary to pass all your subjects in 12th grade, whether it is your 5th or 6th subject or it is any Board of Examination. It does not matter if you have good marks in all your other subjects, it is required for you to get at least passing marks in all your subjects in order to receive your Pass Certificate. You failing in even one of the subjects will pose a problem in your 12th Certificate.
Question : P and S are partners sharing profits in the ratio of 3 : 2. R is admitted with 1/5th share and he brings in Rs.42,000 as his share of goodwill which is Credited to the Capital Accounts of P and S respectively with Rs.31,500 and Rs.10,500. New profit sharing ratio will be -
Option 1: 3 : 2 : 5
Option 2: 9 : 7 : 4
Option 3: 7 : 9 : 4
Option 4: 3 : 1 : 5
Correct Answer: 9 : 7 : 4
Solution : As here P and S has 3:2 as ratio before , they admit a new partner R for a share of 1/5 and he brings ₹42,000 as his share of goodwill which is credited to capital accounts of P and S with Rs.31,500 and Rs.10,500, the goodwill is divided between P and S in the ratio :-
= 31,500 : 10,500
= 3 : 1 (in the ratio of goodwill ), we will calculate the sacrifice made by P and S in the favor of new partner R's share of 1/5 =
sacrifice made by P = 1/5 * 3/4
= 3/20
sacrifice made by S = 1/5 * 1/4
= 1/20
now from this sacrifice we will calculate, the new profit sharing ratio of P and S :-
P's new ratio = old ratio - sacrifice made by P
= 3/5 - 3/2
= 9/20
S's new ratio = old ratio - sacrifice made by S
= 2/5 - 1/20
= 7/20
R's ratio = 1/5 0r 4/20 [ 9/20 : 7/20 : 1/5 = (9 + 7 + 4) / 20 ]
so, the new profit sharing ratio between P and S and R will be :-
= 9/20 : 7/20 : 4/20
= 9 : 7 : 4
Hence the correct answer is option 2.
Question : X, Y and Z are partners sharing profits in the ratio of 5: 3: 7. X retired from the firm. Y and Z decided to share future profits in the ratio of 2: 3. The adjusted Capital Accounts of Y and Z showed a balance of Rs. 49,500 and Rs. 1,05,750 respectively. The total amount to be paid to X is Rs .1,35,750. This amount is to be paid by Y and Z in a manner that their capital becomes proportionate to their new profit-sharing ratio. The amount to be brought or to be paid to partners will be
Option 1: Y bring Rs 66,000 and Z bring Rs 68,000
Option 2: Y bring Rs 66,900 and Z bring Rs 68,850
Option 3: Y withdrew Rs 66,900 and Z bring Rs 68,850
Option 4: Y bring Rs 66,900 and Z withdrew Rs 68,850
Correct Answer: Y bring Rs 66,900 and Z bring Rs 68,850
Solution : Answer = Y bring Rs 66,900 and Z bring Rs 68,850
Adjusted Capital of Y = 49500
Adjusted Capital of Z = 105750
Amount Paid to X = 1,35,750
Total Capital of the New Firm = 2,91,000
Y's share = $2,91,000\times\frac{2}{5} = 1,16400$
Z's share = $2,91,000\times\frac{3}{5} = 1,74,600$
Bank A/c Dr 66900
To Y's Capital A/c 66900
Bank A/c Dr 68850
To Z's Capital A/c 68850 Hence, the correct option is 2.
Question : The pension of a High Court Judge is charge on the
Option 1: Public accounts of India
Option 2: Consolidated Fund of the state
Option 3: Public accounts of the state
Option 4: Consolidated fund of India
Correct Answer: Consolidated fund of India
Solution : Correct answer is consolidated fund of India
The pension of the High Court Judges is given from the consolidated of India. But the salaries and allowances of the judges of the high courts are charged on the consolidated fund of states where they are serving.
Salaries & allowances of the Supreme Court judges are both provided from the consolidated fund of India
Question : Which of the following funds accounts for flows for those transactions where the government is merely acting as a banker?
Option 1: Customs Fund
Option 2: Consolidated Fund
Option 3: Public Account Fund
Option 4: Contingency Fund
Correct Answer: Public Account Fund
Solution : The correct answer is Public Account Fund.
When the government only functions as a banker, the flows for those transactions are recorded in the Public Account of India. Article 266(2) of the Constitution establishes this fund. Provident funds, small savings accounts, etc., are examples of Public Account Funds.
Question : When interpreting travel accounts from the medieval period, it is important to consider:
Option 1: The age of the traveler
Option 2: The traveler's personal biases and perspectives
Option 3: The color of the traveler's clothing
Option 4: The traveler's favorite foods
Correct Answer: The traveler's personal biases and perspectives
Solution : When interpreting travel accounts from the medieval period, it is important to consider the traveler's personal biases and perspectives. These factors can influence the way they described and interpreted the places and cultures they encountered.
Question : Which of the following sentences is incorrect about the government budget?
Option 1: The government budget is a constitutional requirement in India.
Option 2: It is a statement of estimated receipts and expenditures of the government for the financial year.
Option 3: It comprises two accounts.
Option 4: It is a statement of receipts and expenditures incurred by the government.
Correct Answer: It is a statement of receipts and expenditures incurred by the government.
Solution : The correct option is It is a statement of receipts and expenditures incurred by the government.
An estimate of anticipated revenues and expenses for a specific fiscal year is what the government budget is, not a record of the government's actual profits and outlays. Pending income and expenses for the upcoming fiscal year are included in the budget, which acts as a financial framework for the government's operations.
Question : Comprehension:
Read the passage and answer the questions that follow.
The Roman Empire covered a vast stretch of territory that included most of Europe as we know it today and a large part of the Fertile Crescent and North Africa. The Roman Empire embraced a wealth of local cultures and languages; women had a stronger legal position then than they do in many countries today; but also that much of the economy was run on slave labor, denying freedom to substantial numbers of persons. From the fifth century onwards, the empire fell apart in the west but remained intact and exceptionally prosperous in its eastern half. Roman historians have a rich collection of sources to go on, which we can broadly divide into three groups: (a) texts, (b) documents and (c) material remains. Textual sources include letters, speeches, sermons, laws, and histories of the period written by contemporaries. These were usually called ‘Annals’ because the narrative was constructed on a year-by-year basis. Documentary sources include mainly inscriptions and papyri. Inscriptions were usually cut on stone, so a large number survived, in both Greek and Latin. The ‘papyrus’ was a reed-like plant that grew along the banks of the Nile in Egypt and was processed to produce sheets of writing material that was very widely used in everyday life. Thousands of contracts, accounts, letters, and official documents survive ‘on papyrus’ and have been published by scholars who are called ‘papyrologists’. Material remains include a very wide assortment of items that mainly archaeologists discover (for example, through excavation and field survey), for example, buildings, monuments and other kinds of structures, pottery, coins, mosaics, and even entire landscapes. Each of these sources can only tell us just so much about the past, and combining them can be a fruitful exercise, but how well this is done depends on the historian’s skill!
Question:
Documentary sources of the history of the Roman Empire include:
Option 1: inscriptions
Option 2: pottery
Option 3: sermons
Option 4: landscapes
Correct Answer: inscriptions
Solution : The first option is correct.
Hence, the correct answer is inscriptions.
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