Chemistry
Question : If a debenture of Rs.100 is issued at Rs.98 and is redeemable at Rs.105,
Debentures account will be credited by ---------
Option 1: Rs 98
Option 2: Rs 105
Option 3: Rs 100
Option 4: Rs 110
Correct Answer: Rs 100
Solution : Answer = Rs 100
Bank A/c Dr. 98
To Deb. Application and allotment A/c 98
Deb. Application and allotment A/c Dr 98
Loss on the issue of Deb. A/c Dr 7
To % Deb. A/c 100
To Premium on Red. of Deb. A/c 5
Question : A and B are partners sharing profits and losses in the ratio of 2: 1. They admit C as a partner for $\frac{1}{5}$th share. Cbrings in Rs.5,00,000 as his capital and his share of goodwill in cash. For this purpose, the goodwill of the firm is to be calculated at three year's purchase of the average profits of the total last four years. The profits of the last four years ending 31st March were:
The following information is provided: (i) On 1st October 2016, the firm had purchased a Computer for Rs.60,000 and it was debited to stationery expenses. Depreciation is to be charged on Computer @ 20% p.a. on the Diminishing Balance Method. (ii) The Closing Stock ending 31st March 2017 and 2018 were overvalued by Rs.20,000 and Rs. 30,000 respectively. (ii) To cover the operating cost, an annual charge of Rs. 10,000 should be made for the purpose of valuation of goodwill. Amount of goodwill brought by new partner at the time of joining the firm will be ... And sacrificing partner's capital is credited with........
Option 1: Rs 1,29,000 and A credited with Rs 86,000 and B credited with Rs 43,000
Option 2: Rs 1,20,000 and A credited with Rs 80,000 and B credited with Rs 40,000
Option 3: Rs 6,45,000 and A credited with Rs 3,45,000 and B credited with Rs 3,00,000
Option 4: None of the above
Correct Answer: Rs 1,20,000 and A credited with Rs 80,000 and B credited with Rs 40,000
Solution : Answer = Rs 1,20,000 and A credited with Rs 80,000 and B credited with Rs 40,000
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For the JEE (Joint Entrance Examination) eligibility criteria regarding the 75% cutoff, here’s what you need to know:
Eligible Subjects: The percentage calculation for the 75% criteria typically includes the following five subjects:
Hello aspirant
Yes you are eligible for appearing Neet.
As you belong to sc category, minimum marks to appear in Neet for sc category candidate are 40% in each of physics, chemistry and biology.
You have got 64 +37 = 101 marks in biology.
33 + 25 = 58 in
Question :
How will the following information be shown in the books of Mumbai Cricket Club? Prize fund = Rs.2,00,000 Prize awarded = Rs.3,50,000 Donation for prizes received = Rs.80,000
Option 1:
Prize awarded be taken to debit side of Income & Expenditure A/c and prize fund appear at Rs.2,80,000 in Balance Sheet
Option 2:
Prize fund appear on asset side of Balance Sheetas Rs.70,000
Option 3:
Prizes awarded Rs.70,000 will be debited to Income and Expenditure A/c and prize fund balance is nil
Option 4: None of these
Correct Answer:
Solution : Prize awarded debited to Income and Expenditure A/c = Prize awarded - Prize fund - Donation received for prize = Rs.3,50,000 - Rs.2,00,000 - Rs.80,000 = Rs.70,000. Hence, the
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