Accounting - Study Mode

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[#791] A plant was purchased on 1 st January 1999. It was depreciated at the rate of 12% P.A. by diminishing balance method. It was sold on 31 st March 2001 when its depreciated value was Rs. 1,50,234. What was its value on 1 st January 1999.

(A) Rs. 1,80,000

(B) Rs. 1,90,000

(C) Rs. 2,00,000

(D) None of the above

Correct Answer

(C) Rs. 2,00,000

[#792] The objective of social accountings is to find out

(A) efficiency

(B) profit earnd

(C) cost and benefit to society

(D) value of personnel

Correct Answer

(C) cost and benefit to society

[#793] A and B are partners sharing profits/losses in the ratio of 3 : 2. C is admitted as a partner. The new profit sharing ratio among A, B and C is 4 : 3 : 2. Find out sacrificing ratio-

(A) 7 : 4

(B) 7 : 3

(C) 5 : 2

(D) 5 : 3

Correct Answer

(B) 7 : 3

[#794] The dividend pay out ratio can be determined by dividing dividend per share by

(A) Earning per share

(B) Number of equity shares

(C) Market value per share

(D) Book value per share

Correct Answer

(A) Earning per share

[#795] What is the amount of purchases, when: Opening stock is = Rs. 10,000 Closing stock is = Rs. 8,000 Sales is = Rs. 1,10,000 Cost of goods sold is = Rs. 80,000

(A) Rs. 78,000

(B) Rs. 30,000

(C) Rs. 82,000

(D) Rs. 92,000

Correct Answer

(A) Rs. 78,000