Which of the following are shown is profit and loss appropriation account? 1. Salary to staff 2. Salary to partners 3. Interest on capital 4. Fresh capital introduced 5. Share of profit 6. Amount of drawings 7. Interest on drawings Select the correct answer:

A and B are partners with a profit-sharing ratio of 2 : 1 and capitals of Rs. 3,00,000 and Rs. 2,00,000, respectively. They are allowed 6% per annum interest on their cap itals and are charged 10% per annum interest on their drawings. Their drawings during the year were Rs. 60,000 for A and Rs. 40,000 for B. B's share of net profit as per profit and loss appropriation account amounted to Rs. 40,000. The net profit of the firm before any appropriation was

A

Rs. 1,22,000

B

Rs. 1,13,000

C

Rs. 1,17,000

D

Rs. 1,45,000

According to the profit and loss account, the net profit for the year is Rs. 1,50,000. The total interest on partner's capital is Rs. 18,000 and, interest on partner's drawings is Rs. 2,000. The net profit as per profit and loss appropriation account will be

A

Rs. 1,66,000

B

Rs. 1,70,000

C

Rs. 1,30,000

D

Rs. 1,34,000

Which of the following statements are correct. Answer using the given below:
(1) Ascertainment of goods for sale is done by buyer.
(2) Appropriation of goods for sale is done by seller.
(3) Distinction between ascertainment of goods and appropriation of goods that former involves lithe element of common intention between buyer and seller", whereas later can be a unilateral act by buyer.
(4) Property in goods does not pass to buyer till appropriation.

A

Only (1), (3) and (4) are correct

B

Only (2) is correct

C

Only (4) is correct

D

Only (3) is correct

Arrange the following steps of 'adjustment of old partners' capital on the basis of incoming partner's capital in a correct order.
1. Ascertain the present capital of the old partners.
2. Calculation of total capital of firm on the basis of new partner's capital.
3. Finding the surplus/deficit capital.
4. Determining the new capital of each partner.
Select the correct answer:

A

2, 4, 1, 3

B

3, 2, 1, 4

C

4, 3, 2, 1

D

1, 4, 2, 3

A, B and C are partners. A's capital is Rs. 3,00,000 and B's capital is Rs. 1,00,000. C has not invested any amount as capital but alone manages the whole business. C wants Rs. 30,000 per annum as salary. The firm earned a profit of Rs. 1,50,000. How much will be each partner's share of profit?

A

A - Rs. 60,000, B - Rs. 60,000, C - Nil

B

A - Rs. 90,000, B - Rs. 30,000, C - Nil

C

A - Rs. 40,000, B - Rs. 40,000, C - 40,000

D

A - Rs. 50,000, B - Rs. 50,000, C - 50,000

Rahuls salary is 40% of Mohits salary. If Rahuls salary is increased by 60% and Mohits salary is decreased by 20%, then Rahuls salary will be how muchpercentage of Mohits salary?

A

80

B

100

C

105

D

64

what is the monthly salary of Rahman ? Statements : 1. Rahman's basic salary is Tk. 100 more Rajan's salary who also serves in Rahman's company. 2. Other allowances drawn by Rajan besides his basic salary are Tk. 2,000 per month which is TK. 50 less than Rahan's salary . 3. Rajan's basic salary is TK. 1550 per month.

A

Only II

B

Only II and III

C

Only I and II

D

All I , II and II

What is the total monthly salary of Vasu ? I. Vasu's basic salary is Rs 100 more than Rajan's salary who also serves in Vasu's company. II. Other allowances drawn by Rajan besides his basic salary are Rs 2000 per month which is Rs 50 less than Vasu's salary. III. Rajan's basic salary is Rs 1550 per month.

A

II only

B

II and III together

C

I and II together (

D

I, II and III together

Question : What is the total monthly salary of Vasu ?

Statements :
I. Vasu's basic salary is Rs 100 more than Rajan's salary who also serves in Vasu's company.
II. Other allowances drawn by Rajan besides his basic salary are Rs 2000 per month which is Rs 50 less than Vasu's salary.
III. Rajan's basic salary is Rs 1550 per month.

A

Only II

B

Only II and III

C

Only I and II

D

Only I and III

E

All I, II and III

Rahim's salary is 150% of Karim's salary. Karim's salary is 80% of Shahin's salary. What is the ratio of Shahin's salary to Rahim's salary?

A

2 to 3

B

5 to 6

C

5 to 4

D

6 to 5