Question : Jeev, a partner, agreed to do the work of dissolution for which he was allowed a commission of Rs. 10,000. He agreed to bear the dissolution expenses. Actual dissolution expenses paid by Jeev were Rs. 12,000.These expenses were paid by Jeev by drawing cash from the firm. The entry will be
Option 1: Partners capital account Debited and credited realisation account Rs 12,000
Option 2: Debited partners' capital account and credited bank account with Rs 12,000
Option 3: Realiation account debited with Rs 2000 and credited bank account with Rs 2000
Option 4: none of the above
Correct Answer: Debited partners' capital account and credited bank account with Rs 12,000
Solution : Answer = Debited partners' capital account and credited bank account with Rs 12,000 When realisation Expenses were to be born by Partner but Expense was paid by the firm on Behalf of Partner. It should be treated as his Drawing. Bearing Partner's capital A/c Dr 12,000 To Paying Partner's Capital A/c. 12,000 Hence, the correct option is 2.
Question : In an examination, the average marks obtained by John in English, Math, Hindi, and Drawing were 50. His average marks in Math, Science, Social Studies, and Craft were 70. If the average marks in all seven subjects are 58, his score in math is ________.
Option 1: 50
Option 2: 52
Option 3: 60
Option 4: 74
Question : Select the option that expresses the given sentence in passive voice.
Nidhi draws the diagrams.
Option 1: The diagrams are drawn by Nidhi.
Option 2: Diagrams are drawn by the Nidhi.
Option 3: The diagrams are being drawn by the Nidhi.
Option 4: It is Nidhi who is drawing the diagrams.
Question : Special Drawing Rights (SDR) facility is available at:
Option 1: International Monetary Fund (IMF)
Option 2: World Bank (IBRD)
Option 3: International Develop-ment Association (IDA)
Option 4: Organisation of Economic Cooperation and Development (OECD)
Question : Select the most appropriate meaning of the given idiom.
Go back to the drawing board.
Option 1: Mediate a task.
Option 2: Accomplish a task.
Option 3: Start over.
Option 4: Leave a work.
Question : What is bye?
Option 1: It is a method of drawing fixture
Option 2: Point system of team games
Option 3: Advantage given to a team not to play in the initial round.
Option 4: Placing of teams according to previous performance.
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