Annual Insurance Premium ₹ 8,000 is paid on 1st Dec 2018. Calculate the amount of Insurance Premium for the accounting year ending on 31st March 2019.
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Modern Ltd. with paid-up share capital of Rs. 10,00,000 has a balance of Rs. 2,50,000 in Securities Premium Reserve Account. Suggest the method for ut
Securities permium reserve can be utilised in accordance with the provisions of Section 52(2) of Companies Act, 2013. The management may utilise the securities premium reserve of Rs. 2,50,000 by...
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SSS Ltd. Has a paid-up share capital of Rs. 60,00,000 and a balance of Rs. 15,00,000 in the Securities Premium Reserve Account. The company management
According to Section 52(2) of the Companies Act, 2013, the amount of Securities Premium may be utilised for: (i) Buy-back of its own shares or other specified securities (under Section...
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Sico Ltd. took over the assets of Rs. 4,80,000 and liabilities of Rs. 80,000 of Mittal Ltd. for a consideration of Rs. 3,20,000. Rs. 20,000 were paid
(i) Dr. Sundry Assets A/c - Rs. 4,80,000, Cr. Sundry Liabilities A/c - Rs. 80,000, Mittal Ltd. - Rs. 3,20,000 and Capital Reserve A/c (Balancing Figure) - Rs. 80,000. (ii)...
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Capital Employed is ₹ 5,00,000, Working Capital is ₹ 1,00,000, Cost of Revenue from Operations is ₹ 16,00,000, Gross Profit is ₹ 4,00,000. Calculate F
Fixed Assets Turnover Ratio`=(" Revenue from Operations")/("Net Fixed Assets")=( "₹ 20,00,000 ")/("4,00,000")`=5 times Revenue from Operations =Cost of Revenue from Operations + Gross profit = ₹ 16,00,000+₹ 4,00,000= ₹ 20,00,000...
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Fixed Assets ₹ 4,00,000, working Capital ₹ 2,00,000, Cost of Goods Sold ₹ 20,00,000, Gross Sold ₹ 20,00,000, Gross profit ₹ 4,00,000 .Calculate Captia
Capital Employed Turnover Ratio = 4 Times
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anita and asha started business on 1st April , 2018 from property Ownned by Anita , it was agreed that Anita will be paid rent @ Rs. 10,000 per march
asha is correct because there is an agreement between the two partners to pay rent from 1st April , 2019.
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Rajan and Rajani ar partners in a firm. Their capitals were Rajan Rs. 3,00,000, Rajani Rs. 2,00,000. During the year 2018 - 2019, the firm earned a pr
Correct Answer - Value of Goodwill - Rs. 2,50,000.
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A share of Rs. 100 issued at a premium of Rs. 10 on which Rs. 80 (including premium ) was called and Rs. 60 (including premium) was paid, has been for
Correct Answer - Capital Reserve-Rs. 20.
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Kamal Ltd. was formed on 1st April, 2010 with an authorised capital of Rs. 2,00,000, divided into 2,000 Equity Shares of Rs. 100 each. 1,000 shares we
Correct Answer - Capital Reserve-Rs. 2,000; Balance Sheet Total-Rs. 1,69,500.
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i. Within what period should the company hold its 1st Annual General Meeting? ii. At which place should the Annual General Meeting be held?
i. First Annual General Meeting must be held within Nine (9) months of the closing of its financial year. ii. Annual General Meeting should be held at the registered office or at some other...
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