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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:

Year Profit(Rs.)  
2015-16 1,60,000 (after charging loss of Rs. 25,440 on sale of plant)
2016-17 1,40,000 (after charging voluntary retirement compensation of Rs.50,000)
2017-18 2,50,000  
2018-19 2,40,000  

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

Team Careers360 24th Jan, 2024

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

  Particulars 2015-16 2016-17 2017-18 2018-19
    Rs Rs Rs Rs
Profits   1,60,000 1,40,000 2,50,000 2,40,000
Add: Loss
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Question : There are few words missing in the passage given below. The options given contain an answer that will fit in those given blanks. Choose the correct word to be used to make the sentence coherent and grammatically correct.

An infection is said to be endemic when the rate of occurance becomes static in a particular 1)________________ region, which means that main cause of the disease  — SARS-CoV-2 in this particular case — it is likely to exist but will not lead to large 2)_______________ as witnessed over the last two years.
Although it has been seen that the total number of infections in India is constantly 3)_______________, experts say they cannot provide a fixed timeline as when the disease will become endemic. It will all be dependent on the number of  people who are susceptible to this pathogen, vaccination rates, and also to emergence of new variants that are able to overcome the immune response.
“Endemic means that the virus will still remain in the population and there will be 4)_____________ ups and downs  as and when the favourable condition of the virus will exist. For example, we have seen that the seasonal flu  the number for which goes up in the winters and or especially when the season is changing because of lower immunity in people ,on the other hand we have seen the dengue cases rising after monsoons because of the availability of vectors. Covid-19 also may become seasonal and cause disease in the 5)_______________,” said Dr Pramod Garg, who is currently the director of Translational Health Science and Technology Institute (THSTI)-Faridabad.

Choose the correct word to be used in blank 5.

Option 1:  vulnerable
 

Option 2:  heroic
 

Option 3: dichotomy 

Option 4: binary

Team Careers360 21st Jan, 2024

Correct Answer:  vulnerable
 


Solution : The correct answer is vulnerable.

Covid-19 also may become seasonal and cause disease in the vulnerable,” said Dr Pramod Garg

Explanation:

Vulnerable is the only word that will fit the blank and make the sentence coherent.
It refers to a person who requires special

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Question : Which of the following is NOT one of the 14 Principles of Management as outlined by Henri Fayol?

Option 1: Unity of command

Option 2: Science not the rule of thumb

Option 3: Scalar chain

Option 4: Equity

 

Team Careers360 21st Jan, 2024

Correct Answer: Science not the rule of thumb


Solution : Science not the rule of thumb is the principle of tayo, it is not one of the 14 Principles of Management identified by Henri Fayol. The other three options (Unity of command, Scalar chain, and Equity) are all principles identified

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