Question : Rachit decided to start a cricket academy to train the young enthusiastic players of down south. With the support and guidance of his family he started the Star cricket academy at Tirunelveli township area on 1st April 2020. Land was donated by his grandfather worth Rs.10,00,000 as per his will. His father Shankar donated Rs.5,00,000 for the construction and running the academy. He spent Rs.3,00,000 for construction of the pavilion. 200 players of Tirunelveli joined the academy and they paid yearly subscription of Rs.1,200 each. 10 players paid in advance for the next year 2021-22. Vijayashankar appointed well experienced coach for them, the coach fee amounted to Rs.1,20,000 p.a. The maintenance expenses amounted to Rs.75,000. Bats and balls purchased during the year amounted to Rs.15,000. Closing stock of bats and ball amount to Rs.1000. Based on the above information you are required to answer the following question. What amount should be charged to the Income and Expenditure account for bats and balls consumed during the year?
Option 1:
Rs.15,000
Option 2:
Rs.16,000
Option 3:
Rs.14,000
Option 4:
Rs.13,500
Correct Answer:
Solution : Amount should be charged to the Income and Expenditure account for bats and balls consumed = Bats and Ball purchased - Closing stock of bats and ball = Rs.15,000 - Rs.1,000 = Rs.14,000. Hence, the correct option is 3.
Question : VIKAS SHANKAR, an Ex-Indian cricketer decided to start a cricket academy to train the young enthusiastic players of down south. With the support and guidance of his family he started the Star cricket academy at Tirunelveli township area on 1st April 2020. Land was donated by his grandfather worth Rs.10,00,000 as per his will. His father Shankar donated Rs.5,00,000 for the construction and running the academy. He spent Rs.3,00,000 for construction of the pavilion. 200 players of Tirunelveli joined the academy and they paid yearly subscription of Rs.1,200 each. 10 players paid in advance for the next year 2021-22. Vijayashankar appointed well experienced coach for them, the coach fee amounted to Rs.1,20,000 p.a. The maintenance expenses amounted to Rs.75,000. Bats and balls purchased during the year amounted to Rs.15,000. Closing stock of bats and ball amount to Rs.1,000. Based on the above information you are required to answer the following question. The amount of subscription to be credited to Income and Expenditure account:
Option 1: Rs.1,20,000
Rs.2,40,000
Rs.60,000
Option 4: Rs.72,000
Question : Harijan decided to start a cricket academy to train the young enthusiastic players of down south. With the support and guidance of his family he started the Star cricket academy at Tirunelveli township area on 1st April 2020. Land was donated by his grandfather worth Rs.10,00,000 as per his will. His father Shankar donated Rs.5,00,000 for the construction and running the academy. He spent Rs.3,00,000 for construction of the pavilion. 200 players of Tirunelveli joined the academy and they paid yearly subscription of Rs.1,200 each. 10 players paid in advance for the next year 2021-22. Vijayashankar appointed well experienced coach for them, the coach fee amounted to Rs.1,20,000 p.a. The maintenance expenses amounted to Rs.75,000. Bats and balls purchased during the year amounted to Rs.15,000. Closing stock of bats and ball amount to Rs.1000. Based on the above information you are required to answer the following question. The amount of subscription received as per Receipts and payments Account of Star cricket club is:
Rs.2,52,000
Option 3: Rs.2,50,000
Option 4: None of the above
Question :
Summarize the following paragraph:
It is imperative that all students pay attention to their studies. In addition to this, it is equally significant that students are not limited to the knowledge they acquire from books. They must actively pitch in sports activities of their schools. This may not hold true in cases of all students as some are not good at sports but excellent at acting or singing. It is about students identifying their strengths and opening new windows for themselves.
Option 1: None of these
Students must be able to chose the right field
Students must be developed such that they have multifarious vocation-options
Students must realize their area of expertise
Option 5:
Students must know their strengths
Find out the part which contains an error of subject-verb agreement:
The coach of the team as well as the captain are planning to complain against the biased attitude of the umpire.
Option 1: The coach of the team as well as
Option 2: the captain are planning
Option 3: No error
Option 4: the biased attitude of the umpire
Option 5: to complain against
Question : Rahul decided to start a cricket academy to train the young enthusiastic players of down south. With the support and guidance of his family he started the Star cricket academy at Tirunelveli township area on 1st April 2020. Land was donated by his grandfather worth Rs.10,00,000 as per his will. His father Shankar donated Rs.5,00,000 for the construction and running the academy. He spent Rs.3,00,000 for construction of the pavilion. 200 players of Tirunelveli joined the academy and they paid yearly subscription of Rs.1,200 each. 10 players paid in advance for the next year 2021-22. Vijayashankar appointed well experienced coach for them, the coach fee amounted to Rs.1,20,000 p.a. The maintenance expenses amounted to Rs.75,000. Bats and balls purchased during the year amounted to Rs.15,000. Closing stock of bats and ball amount to Rs.1,000. Based on the above information you are required to answer the following question. The liability towards advance subscription amounted to:
Option 1: Rs.12,000
Option 2: Rs.24,000
Option 3: Rs.1,200
Option 4: Rs.1,20,000
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