The following is the position of current assets and current liabilities:
31st December, 94 31st December, 95
Debtors Rs. 30,000 Rs. 24,000
Creditors Rs. 20,000 Rs. 30,000
Stock Rs. 16,000 Rs. 20,000
Prepaid expenses Rs. 8,000 Rs. 12,000

Profit made during the year Rs. 5,00,000 after considering the following items:
Depreciation on plant Rs. 20,000
Preliminary expenses written off Rs. 10,000
Transfer to general reserve Rs. 14,000
Profit on sale of land Rs. 6,000

The cash from operations is:

The balance in share forfeiture account, after the reissue of all forfeited shares, should be

Raj industires limited offers equity shares to its existing shareholders at the rate of 2 shares for every 5 shares held by them. If the right issue price is Rs. 180 per share and the market value is Rs. 200 per share, then the value of a right is

Assertion (A): Inspite of a higher operating ratio the profitability tends to be lower.
Reason (R): Operating ratio shows a relationship between net operating profit and net sales.
Now, select the correct answer:

Ram and Shyam are sharing profits in the ratio 3 : 2. They admit Mohan in the partnership and their new profit sharing ratio becomes 2 : 2 : 1. If Mohan brings `1,000 as goodwill then Shyam will get.

From the following statements related to insolvency account mark your answer according to the answer code given:
i. List A contains particulars relating to unsecured creditors.
ii. All taxes due are considered preferential creditors.
iii. Properties held by the insolvent in the fiduciary capacity can be distributed amongst his creditors.
iv. List D contains the particulars relating to assets and properties.

Net Profit after tax Rs. 3,25,000
Rate of Income tax       50%
12.5% convertible debentures of Rs. 100 each Rs. 4,00,000
Fixed assets (at cost) Rs. 12,30,000
Depreciation up-to-date Rs. 2,30,000
Current assets Rs. 7,50,000
Current liabilities Rs. 3,50,000

Return on Investment is

A Trial Balance shows