Question : The ratio of Current Assets (Rs.3,00,000) to Current Liabilities is Rs.2,00,000 then the ratio is 1.5:1. The accountant of this firm is interested in maintaining a Current Ratio of 2:1 by acquiring some Current Assets on Credit. The amount of Current Assets which must be acquired for this purpose.

Option 1: Rs 1,00,000

Option 2: Rs 50,000

Option 3: Rs 1,50,000

Option 4: Rs 2,00,000.

Question : Select the option that expresses the given sentence in direct speech.
The officer asked the accountant why the accounts had not been reconciled.

Option 1: The officer said to the accountant, "Why have the accounts not being reconciled?"

Option 2: The officer said to the accountant, "Why the accounts had not been reconciled?"

Option 3: The officer said to the accountant, "Why the accounts have not been reconciled?"

Option 4: The officer said to the accountant, "Why have the accounts not been reconciled?"

Question : Select the correct direct form of the given sentence.

The receptionist asked me if I wanted to meet the accountant.

Option 1: The receptionist said to me, "Did you want to meet the accountant?"

Option 2: The receptionist said to me, "Do I want to meet the accountant?"

Option 3: The receptionist said to me, "Have you met the accountant?"

Option 4: The receptionist said to me, "Do you want to meet the accountant?"

Question : Who holds the highest law office in India?

Option 1: Attorney General

Option 2: Accountant General

Option 3: Lieutenant General

Option 4: Solicitor General

Question :

Assertion (A) : Rajiv and Vinod, who share the profit and losses in 2 : 3, are dissolving the firm. There is a general reserve in the balance sheet of Rs.60000. The accountant transferred Rs.24000 in Rajiv's capital account and Rs.36000 in Vinod's capital account.

Reason (R) : The undistributed profit and losses and reserves are always transferred to partners' capital account in their profit sharing ratio and not to the realisation account.

Option 1: Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct eplanation of Assertion (A).

Option 2: Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct eplanation of Assertion (A).

Option 3: Assertion (A) is true, but Reason (R) is false

Option 4: Assertion (A) is false, but Reason (R) is true.