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
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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
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
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
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
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