Accounting - Study Mode
[#291] At what price the stock is valued under conventional method:
Correct Answer
(C) At cost price or market price whichever is lower
[#292] Which of the following is not a formula of P/V Ratio?
Correct Answer
(C) $${ ext{P/V Ratio}} = frac{{{ ext{Change in Profit}}}}{{{ ext{Change in Total Cost}}}} imes 100$$
[#293] If an equal amount is withdrawn by a partner at the beginning of each month for a period of 6 months, the interest on the total amount will be charged for
Correct Answer
(C) 3.5 months
[#294] The question contains two sentences. One is statement (A) and the other is Reason (R) . You have to examine both the sentence carefully and decide whether statement (A) and reason (R) correct and if so, reason is the correct explanation of statement. Mark these items in the answer sheet: Statement (A): Wages paid for installation of new machine is treated as capital expenditure. Reason (R): It is related to giving work to new asset.
Correct Answer
(A) Both (A) and (R) are true but R is correct explanation of A
[#295] Goodwill of a firm of A and B is valued at Rs. 30,000. It is appearing in the books at Rs. 12,000. C is admitted for $${frac{1}{4}^{{ ext{th}}}}$$ share. The amount of goodwill, which he is supposed to bring, will be:
Correct Answer
(A) Rs. 4,500