Question :

An old customer, whose account was written off as bad debts has promised to pay Rs. 15,000 in full settlement of his account of Rs.25,000. The value of sundry debtors will be.

Option 1:  Increased by Rs 15,000

Option 2:  Decreased by Rs 15,000

Option 3:  Increased by Rs 25,000

Option 4: Decreased by Rs 25,000

Question : Sweating or perspiration is nature's way of:

Option 1: Lowering the internal temperature of the body

Option 2: Releasing excess salt from the body

Option 3: Warding off harmful insects through the bad odour of the sweat

Option 4: Releasing excess water from the body

Question : Fill in the blanks with the correct forms of the given nouns for the following questions. Use each noun only one time.

Elle's performance on the dance floor is very bad. She must make______
 

Option 1: Progress
 

Option 2: Experience
 

Option 3: Permission
 

Option 4: Information

Question : On Dissolution of a partnership firm, out of total debtors of Rs.2,50,000, Rs.10,000 became bad and the rest realised 70%. In the given case, __ will be debited by __ .

Option 1: Realisation A/c, Rs.1,75,000

Option 2: Realisation A/c, Rs.1,68,000

Option 3: Bank A/c, Rs.1,82,000

Option 4: Bank A/c, Rs.1,68,000

Question : Comprehension:

In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Friendship is one of the most significant aspects (1)_____human life. It is a relationship based on mutual trust, respect and support. True friendship is not just about spending time (2)_____, but also about sharing each other's joys, sorrows and dreams. Good friends are those who stand by us in both good times and bad times, providing emotional and moral support. Having good friends can have a positive impact on one's mental health and well-being. Friends can be a source of happiness, laughter and comfort. They can also provide different perspectives and ideas that can help us grow as (3)_____ Moreover, friends can serve as a support system during challenging times, offering words of encouragement and helping us navigate through difficult situations. (4)_____building and maintaining friendships requires effort, patience and understanding. It is important to be there for each other, listen to one another and respect each other's boundaries. It is important to remember that friendships can evolve and change over time, and it is okay to let go of (5)_____friendships.

Select the most appropriate option to fill in the blank number 1.

Option 1: on

Option 2: of

Option 3: for

Option 4: by

Question : At the time of dissolution of a firm, Debtors were Rs. 34000 out of which Rs. 1000 became bad and the rest realised 60%. Which account will be debited and by how much amount?

Option 1: Realisation Account by Rs. 19800

Option 2: Profit and Loss Account by Rs 500

Option 3: Cash Account by Rs. 19800

Option 4: Debtors Account by Rs. 19800

Question : Metal tea pots have wooden handles because:

Option 1: wood is bad conductor of heat

Option 2: it prevents electric shock

Option 3: it gives beauty to the pots

Option 4: it is hygenic

Question : In the following question, out of the given four alternatives, select the one which best expresses the meaning of the idiom or phrase.
To keep an eye on

Option 1: To be able to understand everything.

Option 2: To see someone in a bad light.

Option 3: To watch over closely.

Option 4: To keep distance from.

Question : Murari and Vohra of Chandigarh were partners in a firm with capitals of Rs. 1,20,000 and Rs. 1,60,000 respectively. On 1.4 .2018 they admitted their manager, Robin Gurung of Meghalaya, as a partner for one-fourth share in profits on his payment of Rs. 2,00,000 as his capital and Rs. 90,000 for his one-fourth share of goodwill.

On that date the creditors of Murari and Vohra were Rs. 60,000 and Bank overdraft was Rs. 15,000 . Their assets apart from cash included Stock Rs.10,000; Debtors Rs.40,000;
Plant and Machinery Rs.80,000; Land and Building Rs.2,00,000. It was agreed that stock should be depreciated by Rs.2,000; Plant and Machinery by 20%, Rs. 5,000 should be written off as bad debts and Land and Building should be appreciated by 25%.
Question:
After all adjustment the balance of their capitals are

Option 1: Murari 1,78,50,0 Vohra 2,18,500, and Robin Rs 2,00,000

Option 2: Murari Rs 166,000, Vohra 1,88,500 and Robin Rs 2,00,000

Option 3: Murari Rs 1,55,000, Vohra 175,000 and Robin Rs 2,00,000

Option 4: None of the above

Question : Select the most appropriate meaning of the given idiom.

Have a whale of a time

Option 1: Be extremely busy with work

Option 2: A good thing that seems bad at first

Option 3: Have an exceptionally fun or exciting experience

Option 4: Immediate involvement of everyone present