Contribution to CPT Question

Page no : 2

rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

Difference between M1 & M3 =----------------------

ans: Treatment of Time deposits


rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

M1= _________+demand deposits+other deposits with RBI

ans:  Currency


rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

causes of incresae in population?

ans::  high birthrate and low death rate


rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

Green revolutoin == 1966


rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

Animal husbandary is a Primary sector



rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

oligopoly market= non-collusive,regidity, price regulator, ans= all of these


rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

under which market system MR curve equal to demand curve??

ans= perfect competition [P=MR=AR]


rajesh reddy v (CA-IPCC Student) (179 Points)
Replied 15 December 2009

oligopoly demand curve=  kinked


CA. Dashrath Maheshwari (TaXpert) (15103 Points)
Replied 15 December 2009

Originally posted by : rajesh reddy v
"


Originally posted by :pradeep reddy


"
purchase of old machinery on credit by a cloth merchant is recorded in? 
journal even though subsidory books are maintained
"




 
i think its "journal proper" but in exam there is no option for journal proper,, options like these..
a) purchase book
b)sales book
c) journal
4) none of these
pls anyone submit about correct answer..
"

These type of transaction should be recorded in "JOURNAL BOOK", therefore the answer is "C"


krishnansr (accountant) (40 Points)
Replied 15 December 2009

the stock ivalued @ rs.5500. on verification it is found that stock worth rs.500 is damaged which is unfit for sale and is disposed for Rs.200. Balance stock has been sold @ 25% above cost price.  What is the GP?  (a) Rs.1250 (b) Rs.1050 (c) Rs.1000 and (d) Rs.750

The Capital at the beginning is Rs.4 lakh. Profit during the year Rs.1 lakh, what is the average capital.

 



Satvir Singh (Newly minted CA) (1733 Points)
Replied 15 December 2009

 The sum of 1-1+1-1+1-1..... to infinity is???


Satvir Singh (Newly minted CA) (1733 Points)
Replied 15 December 2009

 Commercial impossibility doesn't render a contact:

A. Valid

B. Void

C. Illegal

D. Voidable

Anyone with answer please??


Max Payne (employed) (2574 Points)
Replied 15 December 2009

Satvir, the answer is

"0" to Q1, and

(B) void for Q2


ravikanth (student) (98 Points)
Replied 15 December 2009

Originally posted by :krishnansr
"

the stock ivalued @ rs.5500. on verification it is found that stock worth rs.500 is damaged which is unfit for sale and is disposed for Rs.200. Balance stock has been sold @ 25% above cost price.  What is the GP?  (a) Rs.1250 (b) Rs.1050 (c) Rs.1000 and (d) Rs.750
The Capital at the beginning is Rs.4 lakh. Profit during the year Rs.1 lakh, what is the average capital.
 

i think ans is 1250...........

5500-500= 5000*25%

"


ravikanth (student) (98 Points)
Replied 15 December 2009

Q1> joint venture is ----------- a/c.....................?

ans please........

 

Q2> three partners A,B and C......... share profits in a firm 2:1:1. joint lige policy is 300000.......

surrender value is 20000..... B dies..........insurance co wil pay 300000........... how wil they distribute this.....

 

Q3>

 



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