Question : A firm made credit Revenue from Operations (Credit Sales) of Rs.5,40,000 during the year. If the trade receivables turnover ratio is 9 times, The value of opening and closing trade Receivables, if the closing trade receivables are more by Rs.8,000 than the opening trade receivable will be

Option 1: Opening trade receivable Rs 56,000 closing trade receivable Rs 64,000

Option 2: Opening trade receivable Rs 64,000 closing trade receivable Rs 56000

Option 3: Opening trade receivable Rs 24000 closing trade receivable Rs 32000

Option 4: None of the above

Question : A firm made credit Revenue from Operations (Credit Sales) of Rs.5,40,000 during the year. If the trade receivables turnover ratio is 9 times, The value of opening and closing trade Receivables, if the closing trade receivables are more by Rs.8,000 than the opening trade receivable will be

Option 1: Opening trade receivable Rs 56,000 closing trade receivable Rs 64,000

Option 2: Opening trade receivable Rs 64,000 closing trade receivable Rs 56000

Option 3: Opening trade receivable Rs 24000 closing trade receivable Rs 32000

Option 4: None of the above

Question : A, B and C were partners sharing profits and losses in the ratio of 2:2: l. C died on 30th June, 2020. Profit and Sales for the year ended 31st March, 2020 were Rs. 1,00,000
And Rs. 10,00,000 respectively. Sales during April to June, 2020 were Rs. 1,50,000. share of profit of C till the date of his death will be__________.

Option 1: Rs 15,000

Option 2: Rs 6,000

Option 3: Rs 3,000

Option 4: None of the above

Question : Sara, Sita and Meena were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Sara died on 30th June, 2017, whereas the firm closes its books on 31st March every year. According to their Partnership Deed Sara's representatives would be entitled to get share in the interim profits of the firm calculated on sales basis. Sales and profit for the year 2016-17 were Rs.6,00,000 Rs.1,80,000 respectively and sales in the year 2017-18, till the date of her death amounted to Rs.1,20,000. Sara's share of interim profit will be

Option 1: Rs 14,000

Option 2: Rs 14,600

Option 3: Rs 14,400

Option 4: None of the above.

Question : A, B, and C are partners in a business where they split profits and losses 2: 2: 1. C died on March 31, 2022. Each year on December 31st, accounts are closed. Sales for 2021 totaled Rs. 6,00,000, and profits came to Rs. 60,000. From January 1 to March 31, 2022, there were Rs. 2,00,000 sales. The dead partner's share of the sales-based profit for the current year is:

Option 1: Rs.3,000

Option 2: Rs.4,000

Option 3: Rs.20,000

Option 4: Rs.8,000