Question : There are two partners A and B in a firm and their capitals are Rs. 50,000 and Rs. 40,000. The creditors are Rs. 30,000. The assets of the firm realise Rs. 1,00,000. How much will A and B receive or be paid?

Option 1: A's capital account debited Rs 40,000, and credited bank account Rs 40,000

Option 2: B's capital account debited Rs 30,000 and credited bank account Rs 30,000

Option 3: Both 1 and 2

Option 4: None of the above

Question : Equity Share Capital Rs.1,00,000

8% Preference Share Capital Rs.40,000

Reserves and Surplus Rs.60,000

Investments Rs.30,000

Current Assets Rs.70,000

Proprietary Ratio is 0.8: 1

Calculate the value of the fixed assets of the company.

Option 1: Rs. 1,50,000

Option 2: Rs. 2,50,000

Option 3: Rs. 2,00,000

Option 4: Rs. 3,00,000

Question : Equity Share Capital Rs.1,00,000

8% Preference Share Capital Rs.40,000

Reserves and Surplus Rs.60,000

Investments Rs.30,000

Current Assets Rs.70,000

Proprietary Ratio is 0.8: 1

Calculate the value of the fixed assets of the company.

Option 1: Rs. 1,50,000

Option 2: Rs. 2,50,000

Option 3: Rs. 2,00,000

Option 4: Rs. 3,00,000

Question : The profits of the firm for five years were agreed at Rs.40,000; Rs.60,000; Rs. 30,000 (loss); Rs.10,000 (loss); and Rs.90,000 respectively.
Q. Average profit is Rs ---

Option 1: Rs.30,000

Option 2: Rs.1,50,000

Option 3: Rs.40,000

Option 4: Rs.1,00,000

Question : Quick Ratio 2.5; Current Assets Rs.1,50,000; Current Liabilities Rs.40,000. The Value of Inventory

Option 1: Rs 60,000

Option 2: Rs 40,000

Option 3: Rs 50,000

Option 4: None of the above.