02 November 2007
Case I: Electricity paid on 1 october 2004 for the eyar to 30 September 2005 waas 2400 rs and electricity paid on 1 october,2005 for the year to 30 September 2006 was Rs 3200. Electricity payable, as shown in P\L Accounts for the year ended 31-12-2005 would be: A)2400 B) 3200 C) 2600 D)3000
Case II: A agrees to sell his Ipod to B at a price B would be able to pay. This agreement is ____(why?) A)valid B)void c)voidable d)illegal(X)
Case III: Jadu LTD reissued 2000 shares, which were forfeited by debiting Share forfeiture account by Rs 3000. These shares were reissued at Rs 9 per share. The amt. transferred to Capital reserve a\c wud be a)3000 b) 2000 c)1000 d)none
Case Iv Cost of exceptional repairs of a non –recurring nature by way, of overhauling of the entire plant is _____ a) Capital Exp. B) Revenue Exp. C)Deferred Rev. exp. D)Capital loss
Case V: Capital introduced by A on 01.04.05 was Rs 3 lakh. Further capital introduced during the year was Rs 50k in mid of year. Mr A withdrew Rs 2000 each month(on first day each). Interest on drawings is charged @ 5% pa. Profits during the year Rs 20000. Capital at the year end is a) 345350 b) 395000 c) 346000 Case VI A,B, C are partners with capital Rs 1 lakh,75k, 50k respectively. On C’s retirement, his share is acquired by A and b in the ratio 6:4 respectively. Gaining ratio is_______ a)3:2 b)2:2 c)2:3 d)none
If new ratio is 6:4 then the entire interpretation will be as under :
6/10 - 1/3 = 8/30
4/10 - 1/3 = 2/30
Then in this case answer is none.
I read your question as C's distribution to A & B is 6:4. Then in that case 3:2 is correct. If the question states that new ratio is 6:4 then the answer is none.
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