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Question : Sharma, Verma and Goyal are partners in a firm. On 1st April 2012 the balances in their Capital Accounts were as follows:
Sharma Rs. 4,00,000; Verma Rs. 4,20,000 and Goyal Rs. 3,70,000. The firm closes its accounts every year on 31st March. Verma died on 30th September 2012. In the event of the death of any partner following are the provisions in the Partnership Deed:
(i) Interest on Capital will be calculated at the rate of 10% p.a.
(ii) The deceased partner; 's legal representative will be paid Rs. 35,000 for his share of goodwill.
(iii) The firm had a Reserve Fund of Rs. 2,10,000. The deceased partner will be paid his share in the Reserve Fund.
(iv) His share of profit till the date of death will be calculated based on sales. It is also specified that the sales during the year 2011-12 were Rs. 15,00,000. The sales from 1st April 2012 to 30th September 2012 were Rs. 3,00,000. The profit of the firm for the year ending 31st March 2012 was Rs. 3,00,000.
Question:
Amount Due to the deceased's partner's capital account will be ......

Option 1: Rs 3,66,000

Option 2: Rs 6,06,000

Option 3: Rs 5,66,000

Option 4: None of the above

Team Careers360 20th Jan, 2024

Correct Answer: Rs 5,66,000


Solution : Answer = Rs 5,66,000

                                     Verma's Capital A/c
By Verma's executor a/c (b/f) 5,66,000 By Bal b/d 4,20,000
    By IOC 21,000
    ($4,20,000 \times \frac{10}{100} \times \frac{6}{12}$)  
    By Reserve fund 70,000
    ($2,10,000 \times \frac{1}{3}$)  
    By Sharma & Goyal capitals 35,000
    By P & L suspense a/c
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Question : Find the part of the given sentence that has an error in it. If there is no error, choose 'No Error'.
The benefits of rebuilding healthy, fertile soil are clear.

Option 1: healthy,fertile soil

Option 2: The benefits of rebuilding

Option 3: No Error

Option 4: are clear.

Team Careers360 19th Jan, 2024

Correct Answer: No Error


Solution : The third option is the correct answer.

The sentence is well-constructed with proper subject-verb agreement and clarity. Each element of the sentence contributes to conveying a clear meaning, and there is no grammatical error or inconsistency.

Therefore, the correct answer is no error.

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Question : Direction: Which one set of letters when sequentially placed at the gaps in the given letter series shall complete it?

_ aabab_ab_ab_bba

Option 1: bbaa

Option 2: baaa

Option 3: abaa

Option 4: abba

Team Careers360 7th Jan, 2024

Correct Answer: bbaa


Solution : Given: 

_ aabab_ab_ab_bba

Let's check the given options –

First option: bbaa

The series becomes baababbabaababba

The pattern in the series becomes baababba / baababba

Second option: baaa

The series becomes 

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