Accounting - Study Mode
[#596] What shall be the amount of Shareholders fund, if Equity Share Capital is Rs. 16,00,000, 8% Preference Share Capital is Rs. 2,00,000, General Reserve Rs. 73,000, Profit and Loss account balance (Cr.) Rs. 41,000, Preliminary Expenses. Rs. 20,000 and Short-term liabilities Rs. 30,000:
Correct Answer
(B) Rs. 18,94,000
[#597] The objectives of a business organization do not include
Correct Answer
(A) Maximisation of total investment
[#598] Which of the following is the reason for decapitalization?
Correct Answer
(C) Company has not provided adequate depreciation on assets
[#599] Given, Total Assets Turnover 4 Net Profit 10% Total Assets Rs. 50,000 Net profit will be
Correct Answer
(D) Rs. 20,000
[#600] In the event of the death of a partner, the accumulated profit and losses are shared by the partners in their
Correct Answer
(A) old profit sharing ratio