31. The application money payable on a share should not be less than the following percentage of the value of the share:
32. What is the effect of increase in variable cost?
33. Given-
Stock - Rs. 14,000;
Debtors - Rs. 20,000;
Creditors - Rs. 30,000;
Stock - turnover 5 times;
Credit collection period - 73 days;
Administrative expenses - 20% of sales;
All sales are made on credit. The net profit will be-
Stock - Rs. 14,000;
Debtors - Rs. 20,000;
Creditors - Rs. 30,000;
Stock - turnover 5 times;
Credit collection period - 73 days;
Administrative expenses - 20% of sales;
All sales are made on credit. The net profit will be-
34. Consider the following information:
Net profit before depreciation and tax
Rs. 44,000
Depreciation for the year
Rs. 8,000
Goodwill written off
Rs. 10,000
Rate of tax
50%
Cash flow from operation will be
Net profit before depreciation and tax | Rs. 44,000 |
Depreciation for the year | Rs. 8,000 |
Goodwill written off | Rs. 10,000 |
Rate of tax | 50% |
Cash flow from operation will be
35. If current ratio is 2.4 : 1 and current liability is Rs. 20,000/-, then what will be the amount of current assets
36. Liability of partners for firm's debt is:
37. The cost of goods sold is Rs. 50,000. The value of opening and closing stock is Rs. 15,000 and Rs. 25,000 respectively. The stock turnover rate will be :
38. Given,
1st January 31st December
Assets
Rs. 30,000
-
Liability
Rs. 13,000
-
Capital
-
Rs. 16,500
Drawing during the year is Rs. 4,000 Capital on 1th January is:
1st January | 31st December | |
Assets | Rs. 30,000 | - |
Liability | Rs. 13,000 | - |
Capital | - | Rs. 16,500 |
Drawing during the year is Rs. 4,000 Capital on 1th January is:
39. In Companies Act, 1956 the proforma of B/S is given in:
40. Realisation account is a
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- Accounting - Section 1
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- Accounting - Section 15
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- Accounting - Section 25