Get Advice on Live Video Call
Earn $ Cash $ with
consultations on Bissoy App

A company was incorporated on 1<sup>st</sup> May, 1997 for acquiring a business from 1<sup>st</sup> January 1997. The sales for January, March and September is one and a half times, and the sale of December is twice and that of February is half of the average monthly sale of the year.<br>The ratio of sale for the period prior to incorporation and after the incorporation will be:

Correct Answer: 59 : 109

A company incorporated on 1st April 2001 took over a running business from 1st January, 2001 and prpared its final accounts on 31st December, 2001. Its grows profit was Rs. 24,000 and sales were as under:
January - Twice the average sale
February - Equal to average sale
May to August - $${\frac{1}{4}^{{\text{th}}}}$$ of average sale, each month
October and November - 3 times the average sale each month
What is the Gross Profit prior to incorporation:

A certain company that sells only cars and trucks reported that revenues from car sales in 1997 were down 11 percent from 1996 and revenues from truck sales in 1997 were up 7 percent from 1996. If total revenues from car sales and truck sales in 1997 were up 1 percent from 1996, what is the ratio of revenue from car sales in 1996 to revenue from truck sales in 1996?

"BDL Ltd. is currently preparing its cash budget for the year to 31 March 20XX. An extract from its sales budget for the same year shows the following sales values.
Rs
March 60,000
April 70,000
May 55,000
June 65,000
40% of its sales are expected to be for cash. Of its credit sales, 70% are expected to pay in month after sale and take a 2% discount. 27% are expected to pay in the second month after the sale, and the remaining 3% are expected to be bad debts. The value of sales budget to be shown in the cash budget for May 20XX is"

Simplify the value of $$\frac{{{\text{0}}{\text{.9}} \times {\text{0}}{\text{.9}} \times {\text{0}}{\text{.9 + 0}}{\text{.2}} \times {\text{0}}{\text{.2}} \times {\text{0}}{\text{.2 + 0}}{\text{.3}} \times {\text{0}}{\text{.3}} \times {\text{0}}{\text{.3}} - {\text{3}} \times 0.9 \times {\text{0}}{\text{.2}} \times {\text{0}}{\text{.3}}}}{{{\text{0}}{\text{.9}} \times {\text{0}}{\text{.9 + 0}}{\text{.2}} \times {\text{0}}{\text{.2 + 0}}{\text{.3}} \times {\text{0}}{\text{.3}} - 0.9 \times {\text{0}}{\text{.2}} - {\text{0}}{\text{.2}} \times {\text{0}}{\text{.3}} - 0.3 \times 0.9}} = ?$$

Last year the sales of Store X in December was 4 times the average of the monthly sales totals for January through November. The sales total for December was what fraction of the sale total for the year?

$$\frac{{38 \times 38 \times 38 + 34 \times 34 \times 34 + 28 \times 28 \times 28 - 38 \times 34 \times 84}}{{38 \times 38 + 34 \times 34 + 28 \times 28 - 38 \times 34 - 34 \times 28 - 38 \times 28}}$$            is equal to = ?

Raw material purchased:
1st January, 600 units @ Rs. 12 per unit
12th January, 500 units @ Rs. 14 per unit
21st January, 300 units @ Rs. 13 per unit
Raw material issued for manufacture:
3rd January 300 units
5th January 124 units
15th January 250 units
16th January 300 units
Raw material returned to stores from manufacturing department on 14th January, 50 units. The material is issued on First-in-First out method.
The value of material remaining in store on 21st January will be:

A', on 9th January, 2015 agrees to sell his immovable property to 'R' and out of the total sale consideration of Rs. 3,00,000/- receives a sum of Rs. 1,00,000/- from 'B' as advance payment and agrees to vacate the property and handover vacant peaceful physical possession thereof to 'B' and to execute the Sale Deed of the property in favour of 'B' on receipt of balance sale 'consideration' on or before 9th July, 2015. 'A' fails to vacate the property or to execute the Sale Deed or to deliver possession of the property to 'B'. 'B' after waiting patiently till 31st January, 2016, on 1st February, 2016 got issued a legal notice to 'A' to take the balance sale consideration and execute the Sale Deed and deliver vacant peaceful physical possession. 'A' vide his reply received by 'B' on 17th February, 2016 denies the agreement. The limitation of three years available to 'B' for instituting a suit for specific performance is:

If total sales are Rs. 1,00,000 cash sales included in total sales Rs. 20,000, sales back Rs. 7,000. Total debtors for sale as on 31st March, 1993 Rs. 9,000, and bills receivable as on 31st March, 1993 is only Rs. 2,000. The average payout period would be for the year 1992 - 93.

Which of the following statements are true in context of a company under Company Act, 2013?
1. It is compulsory for every company to have its own Article of Association.
2. A public company having share capital can start business right from the date of its incorporation.
3. A private company having share capital can start business right from the date of its incorporation.