TextBook Solutions
- As per Section 52 of Companies Act 2013, Securities Premium Reserve cannot be utilised for: Correct answer is: (A) Writing off capital losses. 2
- In which of the following situation Companies Act 2013 allows for issue of shares at discount Correct answer is: (C) Issued as sweat equity. 2
- If average capital employed in a firm is ₹8,00,000, average of actual profits is ₹1,80,000 Correct option is (A) ₹10,00,000 Explanation: Average capital employed = ₹8,00,000 Average of actual profits = ₹1,80,000 Normal rate of retu... 1
- Revaluation of assets at the time of reconstitution is necessary because their present value may be Answer: (D) Book Value Assets and liabilities are recorded in the books at their book values (usually cost less depreciation). Over time the... 1
- In the absence of partnership deed, a partner is entitled to an interest on the amount of additional Correct option is (D) not entitled for any interest on their additional capitals. 1
- At the time of admission of a partner, what will be the effect of the following information? Correct option is (C) ₹5,000 Debited to Revaluation Account. 1
- E, F and G are partners sharing profits in the ratio of 3:3:2. According to the partnership agreement, Answer: (d) Rs. 2,000 2
- At the time of reconstitution of a partnership firm, recording of an unrecorded liability will lead to: Correct answer is: (B) Loss to the existing partners 2
- Which of the following is true regarding Salary to a partner when the firm maintains fluctuating capital accounts? Correct option is (D) Debit P & L Appropriation A/c and Credit Partner’s Capital A/c. 1
- Arun and Vijay are partners in a firm sharing profits and losses in the ratio of 5:1. Correct option is (D) ₹30,000 2
- What will be the correct sequence of events? (i) Forfeiture of shares. (ii) Default on Calls. (C) (ii), (i), (iii), (iv) Correct answer is option (C) (ii), (i), (iii), (iv) 1
- Ambrish Ltd offered 2,00,000 Equity Shares of ₹10 each, of these 1,98,000 shares were subscribed. Correct option is (B) ₹5,85,000. Explanation: 2
- Anish Ltd, issued a prospectus inviting applications for 2,000 shares. Correct option is C ) 48 Explaination:: 2
- Calculate the amount of second & final call when Abhijit Ltd, issues Equity shares of ₹10 each Correct answer is: (B) Second & final call ₹4. Explaination:: 1
- Gain / loss on revaluation at the time of change in profit sharing ratio of existing partners is shared by Correct answer is: (B) (i) All Partners, (ii) Old partners. Explaination:: Gain / loss on revaluation at the time of change in profit sharin... 1
- Computer science sample question paper cbse pdf download Download Now 1
- Choose the correct option from the following to fill up in line 5: a. ul b. <\ul> c. <ul> d. </ul> Correct option is d.</ul> 1
- Choose the correct option from the following to fill up in line 4: a. <i> b. </li> c. <\li> d. <\i> Correct option is b.</li> 1
- Choose the correct option from the following to fill up in line 3: a. </f> b. <f> c. </font> d. <font> corret option is oprion c. </font> 1
- Choose the correct option from the following to fill up in line 2: a. font b. face c. type d. text Correct option is b. face 1
- Choose the correct option from the following to fill up in line 1: a. /hl b. /h6 c. \h6 d. /hl Correct option is d. /hl 1
- Choose the correct option from the following to fill up in line 1: a. /hl b. /h6 (i) d. /hl (ii) b. face (iii) c.</font> (iv) b.</li> (v) d.</ul> 1
- The computer teacher of Geetika’s class decides to take an online session on the topic Netiquettes, Correct option is d. All of the above. 2
- Geetika is advised by her best friend, Seerat to protect her personal information from intentional or Correct option is c. Data Privacy 2