Question : Anshu and Nitu are partners, sharing profits in the ratio of 3:2. They admitted Jyoti as a new partner for 3/10 share which she acquired 2/10 from Anshu and 1/10 from Nitu. Calculate the new profit sharing ratio of Anshu, Nitu and Jyoti.
Option 1: 4:3:3
Option 2: 3:4:3
Option 3: 3:3:4
Option 4: 3:2:1
Correct Answer: 4:3:3
Solution : New Share = Old Share - Sacrificed Share.
Anshu's Share = 3/5 - 2/10 = 4/10, Nitu's Share = 2/5 - 1/10 = 3/10.
New Profit Sharing Ratio of Anshu, Nitu and Jyoti = 4 : 3 : 3.
Question : Dividend received is
Option 1: Operating activity
Option 2: Financing activity
Option 3: Investing activity
Option 4: Cash and cash equivalents
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 : Which year marked the third general election in India?
Option 1: 1952
Option 2: 1957
Option 3: 1962
Option 4: 1967
Question : Libraries run by charitable trusts are an example of:
Option 1: Partnership
Option 2: Not for profit organisation
Option 3: Companies
Option 4: Cooperatives
Question : A company can accept calls in advance, if authorised by:
Option 1: Shareholders
Option 2: Board of Directors
Option 3: Articles of Association
Option 4: Memorandum of Association
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