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 company was incorporated on 1^st May, 1997 for acquiring a business from 1^st 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.
The ratio of sale for the period prior to incorporation and after the incorporation will be:

A

4 : 8

B

17 : 37

C

49 : 99

D

59 : 109

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

A

5,775

B

6,100

C

6,350

D

6,600

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

A

1.4

B

0.054

C

0.8

D

1.0

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?

A

1/4

B

4/15

C

1/3

D

4/11

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

A

24

B

32

C

44

D

100

"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"

A

Rs. 60,532

B

Rs. 61,120

C

Rs. 66,532

D

Rs. 86,620

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.

A

1 and 2

B

2 and 3

C

1 and 3

D

1, 2 and 3

The accountants of a company show sales of Rs. 12,600. The primary cost is 35% of sales and trading cost accounts for 25% of the gross profit. Gross profit is arrived at by excluding the primary cost plus the cost of advertising expenses of Rs. 1400, director's salary of Rs. 650 per annum plus 2% annual sales as miscellaneous costs. Find the percentage profit (approx) on a capital investment of Rs. 14,000?

A

35%

B

31%

C

28%

D

26%

E

Cannot be determined

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?

A

1 : 2

B

4 : 5

C

1 : 1

D

3 : 2

X' executed a sale deed in favour of 'Y' on 1^st January, 2002. Subsequently on 10^th January, 2002, 'X' executed a sale deed in respect of the same property in favour of 'Z'. Thereafter the sale deed in favour of 'Z' executed on 10^th January, 2002 was registered on 20^th January, 2002. Whereas the sale deed in favour of 'Y' was registered on 30^th January, 2002.
In the said case, by virtue of section 47

A

The sale deed executed in favour of 'Y' on 1st January, 2002 & registered on 30th January, 2002 shall have precedence & confer title on 'Y'

B

The sale deed executed in favour of 'Z' on 10th January, 2002 & registered on 20th January, 2002 shall have precedence & confer title on 'Z'

C

Both the sale deeds shall be void

D

The sale deeds in favour of 'Y' & 'Z' shall remain valid to the extent of 50% of the property