Question : A,B and C are partners sharing profits in the ratio of 3:3:4. They decide to share the future profits equally. The sacrifice or gain of partners are :
Option 1: A gains 1/30; B gains 1/30; C sacrifices 2/30
Option 2: A gains 2/30; B gains 1/30; C sacrifices 3/30
Option 3: A sacrifices 1/30; B gains 3/30; C sacrifices 2/30
Option 4: A gains 2/30; B gains 3/30; C sacrifices 5/30
Correct Answer: A gains 1/30; B gains 1/30; C sacrifices 2/30
Solution : Sacrificing Ratio = Old Ratio - New Ratio.
A = 3/10 - 1/3 = -1/30 (Gain).
B = 3/10 - 1/3 = -1/30 (Gain).
C = 4/10 - 1/3 = 2/30 (Sacrifice).
Question : Which year marked the third general election in India?
Option 1: 1952
Option 2: 1957
Option 3: 1962
Option 4: 1967
Question : Arrange the following steps in the correct sequence of the life of a company :
(A) Commencement of Business
(B) Incorporation
(C) Promotion
(D) Floatation
Choose the correct answer from the options given below :
Option 1: (A), (B), (C), (D)
Option 2: (A), (C), (B), (D)
Option 3: (B), (A), (D), (C)
Option 4: (C), (B), (D), (A)
Question : Arrange the following in the correct order:
(A) Subscribed Capital
(B) Issued Capital
(C) Authorised Capital
(D) Paid-up Capital
(E) Called-up Capital
Choose the correct answer from the options given below:
Option 1: (C), (B), (A), (D), (E)
Option 2: (B), (C), (A), (D), (E)
Option 3: (C), (B), (A), (E), (D)
Option 4: (B), (C), (A), (E), (D)
Question : Arrange the following in the correct sequence in the context of debenture.
(A) Payment to debenture-holders
(B) Creation of DRR
(C) Issue of debentures
(D) Redemption becomes due
Question : 1. Identify the correct sequence of the following steps involved in calculating cash flows from operating activities of a company :
(A) Operating profit before working capital changes
(B) Cash generated from operations
(C) Income tax paid
(D) Net cash flow from operating activities
(E) Goodwill amortised
Option 1: (E), (C), (D), (A), (B)
Option 2: (E), (A), (D), (B), (C)
Option 3: (E), (A), (B), (C), (D)
Option 4: (A), (B), (C), (D), (E)
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