Accounting - Study Mode
[#2056] If the face value of share is Rs. 10, earning per share is Rs. 4 and dividend per share is Rs. 2, then dividend payout ratio will be
Correct Answer
(D) 50%
[#2057] Statement I These is no standard method for environmental accounting. Statement II Environmental accounting is applied to textile industries. Which of the following is/are correct?
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(C) Both statements are true
[#2058] A and B are partners sharing profits in the firm in the ratio of 2 : 3. Goodwill appears in the books of firm at Rs. 10,000. C joins the firm for $$frac{1}{5}$$ share of profits. His share of Goodwill is estimated to be Rs. 15,000. The old partner's account will be credited with Goodwill by
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(D) Rs. 65,000
[#2059] Good worth Rs. 500 have been taken by the proprietor for his personal use, for which no entry has been passed in the books. This is an
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(D) error of omission
[#2060] Which of the following equation is not correct
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(C) Opening stock + purchases + closing stock - cost of good sold